NVVE vs. MODD
NVVE (Nuvve Holding Corp.) and MODD (Modular Medical Inc) are both stocks. NVVE operates in Specialty Retail (Consumer Cyclical), while MODD operates in Medical Devices (Healthcare). Over the past 5 years, NVVE returned -92.53%/yr vs -65.14%/yr for MODD. At a 0.04 correlation, their price movements are largely independent.
Performance
NVVE vs. MODD - Performance Comparison
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Returns By Period
In the year-to-date period, NVVE achieves a -82.35% return, which is significantly lower than MODD's -75.83% return.
NVVE
- 1D
- 3.07%
- 1M
- 22.83%
- 6M
- -86.25%
- YTD
- -82.35%
- 1Y
- -98.70%
- 3Y*
- -96.42%
- 5Y*
- -92.53%
- 10Y*
- —
- ALL TIME*
- -91.58%
MODD
- 1D
- -11.41%
- 1M
- -48.74%
- 6M
- -81.47%
- YTD
- -75.83%
- 1Y
- -87.25%
- 3Y*
- -54.77%
- 5Y*
- -65.14%
- 10Y*
- —
- ALL TIME*
- -29.58%
NVVE vs. MODD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NVVE Nuvve Holding Corp. | -82.35% | -97.96% | -93.73% | -81.42% | -94.97% | -10.48% |
MODD Modular Medical Inc | -75.83% | -73.42% | -24.73% | -9.00% | -76.22% | -49.03% |
Correlation
The correlation between NVVE and MODD is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2021 | 0.04 |
Fundamentals
NVVE:
$118.95K
MODD:
$5.57M
NVVE:
-$8.59
MODD:
-$13.22
NVVE:
$4.79M
MODD:
$0.00
NVVE:
$1.87M
MODD:
$0.00
NVVE:
-$30.86M
MODD:
-$25.22M
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Return for Risk
NVVE vs. MODD — Risk / Return Rank
NVVE
MODD
NVVE vs. MODD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuvve Holding Corp. (NVVE) and Modular Medical Inc (MODD). 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.
| NVVE | MODD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.78 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.99 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.16 | -1.58 | +0.42 |
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Drawdowns
NVVE vs. MODD - Drawdown Comparison
The maximum NVVE drawdown since its inception was -100.00%, roughly equal to the maximum MODD drawdown of -99.52%. Use the drawdown chart below to compare losses from any high point for NVVE and MODD.
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Drawdown Indicators
| NVVE | MODD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.52% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -99.23% | -88.44% | -10.79% |
Max Drawdown (3Y)Largest decline over 3 years | -100.00% | -96.29% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -100.00% | -99.49% | -0.51% |
Current DrawdownCurrent decline from peak | -100.00% | -99.52% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -82.71% | -72.98% | -9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 85.16% | 55.29% | +29.87% |
Volatility
NVVE vs. MODD - Volatility Comparison
Nuvve Holding Corp. (NVVE) has a higher volatility of 126.99% compared to Modular Medical Inc (MODD) at 43.80%. This indicates that NVVE's price experiences larger fluctuations and is considered to be riskier than MODD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVVE | MODD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 126.99% | 43.80% | +83.19% |
Volatility (6M)Calculated over the trailing 6-month period | 156.88% | 105.61% | +51.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 288.14% | 111.18% | +176.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 190.63% | 103.03% | +87.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 187.09% | 625.82% | -438.73% |
Dividends
NVVE vs. MODD - Dividend Comparison
Neither NVVE nor MODD has paid dividends to shareholders.
Financials
NVVE vs. MODD - Financials Comparison
This section allows you to compare key financial metrics between Nuvve Holding Corp. and Modular Medical Inc. 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
NVVE and MODD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVVE has higher volatility (126.99%) compared to MODD (43.80%). In terms of maximum drawdown, NVVE dropped -100.00% vs MODD's -99.52%.
NVVE currently has the higher Sharpe Ratio (-0.34 vs -0.79), 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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