NNDM vs. INO

Last updated Jun 23, 2026

NNDM (Nano Dimension Ltd.) and INO (Inovio Pharmaceuticals, Inc.) are both stocks. NNDM operates in Computer Hardware (Technology), while INO operates in Biotechnology (Healthcare). Over the past 10 years, NNDM returned -32.23%/yr vs -36.85%/yr for INO. At a 0.20 correlation, their price movements are largely independent.

Performance

NNDM vs. INO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nano Dimension Ltd. (NNDM) and Inovio Pharmaceuticals, Inc. (INO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NNDM achieves a -9.74% return, which is significantly higher than INO's -36.21% return. Over the past 10 years, NNDM has outperformed INO with an annualized return of -32.23%, while INO has yielded a comparatively lower -36.85% annualized return.

NNDM

• 1D: 2.96%
• 1M: -16.27%
• YTD: -9.74%
• 6M: -21.02%
• 1Y: -0.00%
• 3Y*: -14.32%
• 5Y*: -30.63%
• 10Y*: -32.23%

INO

• 1D: -0.45%
• 1M: -17.78%
• YTD: -36.21%
• 6M: -50.67%
• 1Y: -43.37%
• 3Y*: -40.23%
• 5Y*: -59.69%
• 10Y*: -36.85%

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

NNDM vs. INO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NNDM Nano Dimension Ltd.	-9.74%	-37.90%	3.33%	4.35%	-39.47%	-58.24%	259.68%	-77.21%	-63.84%	-48.40%
INO Inovio Pharmaceuticals, Inc.	-36.21%	-4.92%	-70.10%	-67.31%	-68.74%	-43.62%	168.18%	-17.50%	-3.15%	-40.49%

Correlation

The correlation between NNDM and INO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jan 7, 2016	0.20

The correlation between NNDM and INO shifts across timeframes, from 0.19 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS NNDM : -$1.77 INO : -$63.15
Total Revenue (TTM) NNDM : $102.44M INO : $0.00
Gross Profit (TTM) NNDM : $34.35M INO : -$1.50M
EBITDA (TTM) NNDM : -$78.81M INO : -$22.01B

Return for Risk

NNDM vs. INO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NNDM

NNDM Risk / Return Rank: 42
NNDM Sharpe Ratio Rank: 42
NNDM Sortino Ratio Rank: 42
NNDM Omega Ratio Rank: 41
NNDM Calmar Ratio Rank: 41
NNDM Martin Ratio Rank: 42

INO

INO Risk / Return Rank: 21
INO Sharpe Ratio Rank: 20
INO Sortino Ratio Rank: 27
INO Omega Ratio Rank: 25
INO Calmar Ratio Rank: 17
INO Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NNDM vs. INO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nano Dimension Ltd. (NNDM) and Inovio Pharmaceuticals, Inc. (INO). 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.

	NNDM	INO	Difference
Sharpe ratio: Return per unit of total volatility	-0.00	-0.50	+0.50
Sortino ratio: Return per unit of downside risk	0.43	-0.20	+0.63
Omega ratio: Gain probability vs. loss probability	1.05	0.97	+0.08
Calmar ratio: Return relative to maximum drawdown	-0.00	-0.69	+0.69
Martin ratio: Return relative to average drawdown	-0.00	-1.11	+1.11

NNDM vs. INO - Sharpe Ratio Comparison

The current NNDM Sharpe Ratio is -0.00, which is higher than the INO Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of NNDM and INO, 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

NNDM vs. INO - Drawdown Comparison

The maximum NNDM drawdown since its inception was -99.27%, roughly equal to the maximum INO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for NNDM and INO.

Drawdown Indicators

	NNDM	INO	Difference
Max Drawdown Largest peak-to-trough decline	-99.27%	-99.95%	+0.68%
Max Drawdown (1Y) Largest decline over 1 year	-42.52%	-63.41%	+20.89%
Max Drawdown (3Y) Largest decline over 3 years	-62.50%	-92.44%	+29.94%
Max Drawdown (5Y) Largest decline over 5 years	-86.12%	-99.10%	+12.98%
Max Drawdown (10Y) Largest decline over 10 years	-99.25%	-99.72%	+0.47%
Current Drawdown Current decline from peak	-98.44%	-99.95%	+1.51%
Average Drawdown Average peak-to-trough decline	-81.33%	-92.35%	+11.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.71%	39.27%	-22.56%

Volatility

NNDM vs. INO - Volatility Comparison

Nano Dimension Ltd. (NNDM) has a higher volatility of 25.37% compared to Inovio Pharmaceuticals, Inc. (INO) at 16.85%. This indicates that NNDM's price experiences larger fluctuations and is considered to be riskier than INO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NNDM	INO	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.37%	16.85%	+8.52%
Volatility (6M) Calculated over the trailing 6-month period	45.39%	64.19%	-18.80%
Volatility (1Y) Calculated over the trailing 1-year period	58.92%	87.98%	-29.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.70%	85.67%	-31.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	136.07%	93.33%	+42.74%

Dividends

NNDM vs. INO - Dividend Comparison

Neither NNDM nor INO has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NNDM and INO in my portfolio?

NNDM and INO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NNDM or INO?

NNDM has higher volatility (25.37%) compared to INO (16.85%). In terms of maximum drawdown, NNDM dropped -99.27% vs INO's -99.95%.

Which has better risk-adjusted returns?

NNDM currently has the higher Sharpe Ratio (-0.00 vs -0.50), 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.