MESO vs. WAVE
MESO (Mesoblast Limited) and WAVE (Eco Wave Power Global AB (publ)) are both stocks. MESO operates in Biotechnology (Healthcare), while WAVE operates in Utilities - Renewable (Utilities). Over the past 5 years, MESO returned 0.24%/yr vs -2.15%/yr for WAVE. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
MESO vs. WAVE - Performance Comparison
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Returns By Period
In the year-to-date period, MESO achieves a -21.45% return, which is significantly lower than WAVE's 25.01% return.
MESO
- 1D
- -2.61%
- 1M
- -1.46%
- 6M
- -17.86%
- YTD
- -21.45%
- 1Y
- -6.59%
- 3Y*
- 21.09%
- 5Y*
- 0.24%
- 10Y*
- 5.47%
- ALL TIME*
- -0.53%
WAVE
- 1D
- -2.01%
- 1M
- -21.08%
- 6M
- 44.55%
- YTD
- 25.01%
- 1Y
- -11.30%
- 3Y*
- 40.36%
- 5Y*
- -2.15%
- 10Y*
- —
- ALL TIME*
- -14.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.26M | $4.67M | $3.31M | |
| $176.35K | $230.96K | $710.20K |
MESO vs. WAVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MESO Mesoblast Limited | -21.45% | -8.89% | 800.00% | -62.20% | -39.37% | -35.83% |
WAVE Eco Wave Power Global AB (publ) | 25.01% | -46.92% | 787.10% | -58.34% | -30.95% | -73.06% |
Correlation
The correlation between MESO and WAVE is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.08 |
Fundamentals
MESO:
$1.84B
WAVE:
$42.63M
MESO:
$17.20M
WAVE:
$38.11K
MESO:
-$35.86M
WAVE:
$22.06K
MESO:
-$58.18M
WAVE:
-$2.97M
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Return for Risk
MESO vs. WAVE — Risk / Return Rank
MESO
WAVE
MESO vs. WAVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mesoblast Limited (MESO) and Eco Wave Power Global AB (publ) (WAVE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MESO | WAVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.02 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | -0.32 | +0.13 |
| Martin ratioReturn relative to average drawdown | -0.34 | -0.59 | +0.26 |
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Drawdowns
MESO vs. WAVE - Drawdown Comparison
The maximum MESO drawdown since its inception was -95.66%, roughly equal to the maximum WAVE drawdown of -94.47%. Use the drawdown chart below to compare losses from any high point for MESO and WAVE.
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Drawdown Indicators
| MESO | WAVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.66% | -94.47% | -1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -37.07% | -52.58% | +15.51% |
Max Drawdown (3Y)Largest decline over 3 years | -52.33% | -70.59% | +18.26% |
Max Drawdown (5Y)Largest decline over 5 years | -88.71% | -89.17% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -95.66% | — | — |
Current DrawdownCurrent decline from peak | -64.24% | -61.15% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -59.04% | -71.68% | +12.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.24% | 28.37% | -7.13% |
Volatility
MESO vs. WAVE - Volatility Comparison
Mesoblast Limited (MESO) and Eco Wave Power Global AB (publ) (WAVE) have volatilities of 16.06% and 15.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MESO | WAVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.06% | 15.58% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 39.31% | 56.75% | -17.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.40% | 72.52% | -16.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.14% | 138.02% | -51.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.22% | 142.22% | -48.00% |
Dividends
MESO vs. WAVE - Dividend Comparison
Neither MESO nor WAVE has paid dividends to shareholders.
Financials
MESO vs. WAVE - Financials Comparison
This section allows you to compare key financial metrics between Mesoblast Limited and Eco Wave Power Global AB (publ). You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
MESO and WAVE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MESO has higher volatility (16.06%) compared to WAVE (15.58%). In terms of maximum drawdown, MESO dropped -95.66% vs WAVE's -94.47%.
MESO currently has the higher Sharpe Ratio (-0.13 vs -0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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