NVNO vs. AISP

Last updated Aug 1, 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 -45.26%/yr vs -28.90%/yr for AISP. Their 0.14 correlation means their historical movements had little consistent relationship.

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 -5.59% return, which is significantly higher than AISP's -39.45% return.

NVNO

• 1D: -0.25%
• 1M: -4.59%
• 6M: -11.15%
• YTD: -5.59%
• 1Y: -93.78%
• 3Y*: -61.19%
• 5Y*: -45.26%
• 10Y*: —
• ALL TIME*: -52.17%

AISP

• 1D: -0.57%
• 1M: -21.88%
• 6M: -43.73%
• YTD: -39.45%
• 1Y: -64.72%
• 3Y*: -45.41%
• 5Y*: -28.90%
• 10Y*: —
• ALL TIME*: -28.25%

*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)
AISP Airship AI Holdings Inc	$683.59K	$763.51K	$1.54M
NVNO enVVeno Medical Corporation	$234.78K	$235.71K	$143.02K

NVNO vs. AISP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NVNO enVVeno Medical Corporation	-5.59%	-89.38%	-41.25%	0.78%	-22.61%	18.31%
AISP Airship AI Holdings Inc	-39.45%	-53.83%	268.24%	-83.13%	2.96%	-1.21%

Correlation

The correlation between NVNO and AISP is 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (3Y) Balances recent behavior with more history.	0.17
Correlation (5Y) Shows whether the relationship held over a longer period.	0.14
Correlation (All Time) Calculated using the full available price history since May 10, 2021	0.14

Fundamentals

Market Cap NVNO : $174.93K AISP : $60.27M
EPS NVNO : -$87.31 AISP : -$18.65
Total Revenue (TTM) NVNO : $0.00 AISP : $9.82M
Gross Profit (TTM) NVNO : -$361.00K AISP : $3.17B
EBITDA (TTM) NVNO : -$15.56M AISP : -$1.61B

Return for Risk

NVNO vs. AISP — Risk / Return Rank

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

NVNO

NVNO Risk / Return Rank: 8
NVNO Sharpe Ratio Rank: 9
NVNO Sortino Ratio Rank: 5
NVNO Omega Ratio Rank: 2
NVNO Calmar Ratio Rank: 3
NVNO Martin Ratio Rank: 20

AISP

AISP Risk / Return Rank: 10
AISP Sharpe Ratio Rank: 10
AISP Sortino Ratio Rank: 8
AISP Omega Ratio Rank: 11
AISP Calmar Ratio Rank: 9
AISP Martin Ratio Rank: 13

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.

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	-0.80	-0.79	-0.01
Sortino ratio: Return per unit of downside risk	-1.70	-1.34	-0.36
Omega ratio: Gain probability vs. loss probability	0.72	0.86	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.98	-0.88	-0.10
Martin ratio: Return relative to average drawdown	-1.05	-1.26	+0.20

NVNO vs. AISP - Sharpe Ratio Comparison

The current NVNO Sharpe Ratio is -0.80, which is comparable to the AISP Sharpe Ratio of -0.79. 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	-95.04%	-75.50%	-19.54%
Max Drawdown (3Y) Largest decline over 3 years	-96.27%	-87.39%	-8.88%
Max Drawdown (5Y) Largest decline over 5 years	-97.66%	-87.56%	-10.10%
Current Drawdown Current decline from peak	-99.77%	-87.01%	-12.76%
Average Drawdown Average peak-to-trough decline	-90.11%	-36.48%	-53.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	88.64%	52.83%	+35.81%

Volatility

NVNO vs. AISP - Volatility Comparison

The current volatility for enVVeno Medical Corporation (NVNO) is 13.76%, while Airship AI Holdings Inc (AISP) has a volatility of 15.34%. 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	13.76%	15.34%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	56.04%	52.27%	+3.77%
Volatility (1Y) Calculated over the trailing 1-year period	116.84%	83.91%	+32.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.71%	128.92%	-47.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.20%	126.07%	-32.87%

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 0.17, 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 (15.34%) compared to NVNO (13.76%). 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 (-0.79 vs -0.80), 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.