NVNO vs. AISP

Last updated Jun 23, 2026

NVNO (enVVeno Medical Corporation) and AISP (Airship AI Holdings Inc) are both stocks. NVNO operates in Medical Devices (Healthcare), while AISP operates in Software - Infrastructure (Technology). Over the past 5 years, NVNO returned -45.55%/yr vs -21.66%/yr for AISP. At a 0.14 correlation, their price movements are largely independent.

Performance

NVNO vs. AISP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in enVVeno Medical Corporation (NVNO) and Airship AI Holdings Inc (AISP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVNO achieves a -6.48% return, which is significantly lower than AISP's -1.04% return.

NVNO

• 1D: 5.00%
• 1M: -4.20%
• YTD: -6.48%
• 6M: -7.72%
• 1Y: -92.59%
• 3Y*: -51.62%
• 5Y*: -45.55%
• 10Y*: —

AISP

• 1D: -1.38%
• 1M: 11.72%
• YTD: -1.04%
• 6M: -4.67%
• 1Y: -45.42%
• 3Y*: -36.56%
• 5Y*: -21.66%
• 10Y*: —

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

NVNO vs. AISP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NVNO enVVeno Medical Corporation	-6.48%	-89.38%	-41.25%	0.78%	-22.61%	18.31%
AISP Airship AI Holdings Inc	-1.04%	-53.83%	268.24%	-83.13%	2.96%	-1.21%

Correlation

The correlation between NVNO and AISP is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since May 10, 2021	0.14

Fundamentals

Market Cap NVNO : $6.87M AISP : $98.33M
EPS NVNO : -$58.99 AISP : -$19.47
Total Revenue (TTM) NVNO : $0.00 AISP : $9.82M
Gross Profit (TTM) NVNO : -$491.00K AISP : $3.17B
EBITDA (TTM) NVNO : -$18.82M AISP : -$1.61B

Return for Risk

NVNO vs. AISP — Risk / Return Rank

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

NVNO

NVNO Risk / Return Rank: 8
NVNO Sharpe Ratio Rank: 10
NVNO Sortino Ratio Rank: 5
NVNO Omega Ratio Rank: 3
NVNO Calmar Ratio Rank: 3
NVNO Martin Ratio Rank: 18

AISP

AISP Risk / Return Rank: 20
AISP Sharpe Ratio Rank: 18
AISP Sortino Ratio Rank: 20
AISP Omega Ratio Rank: 22
AISP Calmar Ratio Rank: 18
AISP Martin Ratio Rank: 23

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.

NVNO vs. AISP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for enVVeno Medical Corporation (NVNO) and Airship AI Holdings Inc (AISP). 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.

	NVNO	AISP	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	-0.54	-0.24
Sortino ratio: Return per unit of downside risk	-1.57	-0.49	-1.08
Omega ratio: Gain probability vs. loss probability	0.74	0.95	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.97	-0.65	-0.33
Martin ratio: Return relative to average drawdown	-1.11	-0.94	-0.17

NVNO vs. AISP - Sharpe Ratio Comparison

The current NVNO Sharpe Ratio is -0.78, which is lower than the AISP Sharpe Ratio of -0.54. The chart below compares the historical Sharpe Ratios of NVNO and AISP, 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

NVNO vs. AISP - Drawdown Comparison

The maximum NVNO drawdown since its inception was -99.81%, which is greater than AISP's maximum drawdown of -87.56%. Use the drawdown chart below to compare losses from any high point for NVNO and AISP.

Drawdown Indicators

	NVNO	AISP	Difference
Max Drawdown Largest peak-to-trough decline	-99.81%	-87.56%	-12.25%
Max Drawdown (1Y) Largest decline over 1 year	-95.28%	-70.34%	-24.94%
Max Drawdown (3Y) Largest decline over 3 years	-96.27%	-87.50%	-8.77%
Max Drawdown (5Y) Largest decline over 5 years	-97.66%	-87.56%	-10.10%
Current Drawdown Current decline from peak	-99.77%	-78.77%	-21.00%
Average Drawdown Average peak-to-trough decline	-89.98%	-35.44%	-54.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	83.37%	48.15%	+35.22%

Volatility

NVNO vs. AISP - Volatility Comparison

The current volatility for enVVeno Medical Corporation (NVNO) is 12.87%, while Airship AI Holdings Inc (AISP) has a volatility of 26.33%. This indicates that NVNO experiences smaller price fluctuations and is considered to be less risky than AISP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVNO	AISP	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.87%	26.33%	-13.46%
Volatility (6M) Calculated over the trailing 6-month period	60.29%	57.99%	+2.30%
Volatility (1Y) Calculated over the trailing 1-year period	118.30%	84.35%	+33.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.46%	128.62%	-47.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.51%	127.09%	-33.58%

Dividends

NVNO vs. AISP - Dividend Comparison

Neither NVNO nor AISP has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NVNO and AISP in my portfolio?

NVNO and AISP have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVNO or AISP?

AISP has higher volatility (26.33%) compared to NVNO (12.87%). In terms of maximum drawdown, NVNO dropped -99.81% vs AISP's -87.56%.

Which has better risk-adjusted returns?

AISP currently has the higher Sharpe Ratio (-0.54 vs -0.78), 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.