NBTX vs. AIP

Last updated Aug 1, 2026

NBTX (Nanobiotix S.A.) and AIP (Arteris, Inc.) are both stocks. NBTX operates in Biotechnology (Healthcare), while AIP operates in Semiconductors (Technology). Over the past 3 years, NBTX returned 72.87%/yr vs 58.46%/yr for AIP. Their 0.15 correlation means their historical movements had little consistent relationship.

Performance

NBTX vs. AIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nanobiotix S.A. (NBTX) and Arteris, Inc. (AIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBTX achieves a 66.03% return, which is significantly lower than AIP's 92.77% return.

NBTX

• 1D: -4.41%
• 1M: -0.04%
• 6M: 82.79%
• YTD: 66.03%
• 1Y: 464.49%
• 3Y*: 72.87%
• 5Y*: 21.12%
• 10Y*: —
• ALL TIME*: 14.22%

AIP

• 1D: 1.98%
• 1M: -14.77%
• 6M: 99.07%
• YTD: 92.77%
• 1Y: 230.17%
• 3Y*: 58.46%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIP Arteris, Inc.	$17.03M	$23.19M	$37.33M
NBTX Nanobiotix S.A.	$5.19M	$4.97M	$3.90M

NBTX vs. AIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NBTX Nanobiotix S.A.	66.03%	705.57%	-60.58%	98.37%	-54.69%	-31.88%
AIP Arteris, Inc.	92.77%	52.11%	73.01%	36.98%	-79.63%	27.86%

Correlation

The correlation between NBTX and AIP is 0.27, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.27
Correlation (3Y) Balances recent behavior with more history.	0.19
Correlation (All Time) Calculated using the full available price history since Oct 27, 2021	0.15

The correlation between NBTX and AIP shifts across timeframes, from 0.15 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NBTX : $1.94B AIP : $1.38B
Total Revenue (TTM) NBTX : €47.94M AIP : $76.98M
Gross Profit (TTM) NBTX : €47.94M AIP : $68.36M
EBITDA (TTM) NBTX : -€55.82M AIP : -$31.26M

Return for Risk

NBTX vs. AIP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NBTX

NBTX Risk / Return Rank: 97
NBTX Sharpe Ratio Rank: 99
NBTX Sortino Ratio Rank: 96
NBTX Omega Ratio Rank: 95
NBTX Calmar Ratio Rank: 98
NBTX Martin Ratio Rank: 97

AIP

AIP Risk / Return Rank: 92
AIP Sharpe Ratio Rank: 93
AIP Sortino Ratio Rank: 90
AIP Omega Ratio Rank: 90
AIP Calmar Ratio Rank: 94
AIP Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NBTX vs. AIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nanobiotix S.A. (NBTX) and Arteris, Inc. (AIP). 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.

	NBTX	AIP	Difference
Sharpe ratio: Return per unit of total volatility	4.28	2.17	+2.10
Sortino ratio: Return per unit of downside risk	3.66	2.74	+0.92
Omega ratio: Gain probability vs. loss probability	1.46	1.36	+0.10
Calmar ratio: Return relative to maximum drawdown	9.15	4.59	+4.56
Martin ratio: Return relative to average drawdown	19.20	10.82	+8.39

NBTX vs. AIP - Sharpe Ratio Comparison

The current NBTX Sharpe Ratio is 4.28, which is higher than the AIP Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of NBTX and AIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NBTX vs. AIP - Drawdown Comparison

The maximum NBTX drawdown since its inception was -89.94%, roughly equal to the maximum AIP drawdown of -87.63%. Use the drawdown chart below to compare losses from any high point for NBTX and AIP.

Drawdown Indicators

	NBTX	AIP	Difference
Max Drawdown Largest peak-to-trough decline	-89.94%	-87.63%	-2.31%
Max Drawdown (1Y) Largest decline over 1 year	-50.25%	-44.52%	-5.73%
Max Drawdown (3Y) Largest decline over 3 years	-73.88%	-54.48%	-19.40%
Max Drawdown (5Y) Largest decline over 5 years	-86.00%	—	—
Current Drawdown Current decline from peak	-30.30%	-38.51%	+8.21%
Average Drawdown Average peak-to-trough decline	-56.78%	-62.06%	+5.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.89%	18.87%	+5.02%

Volatility

NBTX vs. AIP - Volatility Comparison

The current volatility for Nanobiotix S.A. (NBTX) is 21.17%, while Arteris, Inc. (AIP) has a volatility of 33.97%. This indicates that NBTX experiences smaller price fluctuations and is considered to be less risky than AIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBTX	AIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.17%	33.97%	-12.80%
Volatility (6M) Calculated over the trailing 6-month period	65.93%	59.15%	+6.78%
Volatility (1Y) Calculated over the trailing 1-year period	107.49%	94.19%	+13.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	136.93%	81.32%	+55.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	130.40%	81.32%	+49.08%

Dividends

NBTX vs. AIP - Dividend Comparison

Neither NBTX nor AIP has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NBTX and AIP in my portfolio?

NBTX and AIP have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBTX or AIP?

AIP has higher volatility (33.97%) compared to NBTX (21.17%). In terms of maximum drawdown, NBTX dropped -89.94% vs AIP's -87.63%.

Which has better risk-adjusted returns?

NBTX currently has the higher Sharpe Ratio (4.28 vs 2.17), 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.