NWBO vs. GE

Last updated Aug 1, 2026

NWBO (Northwest Biotherapeutics, Inc.) and GE (General Electric Company) are both stocks. NWBO operates in Biotechnology (Healthcare), while GE operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, NWBO returned -9.39%/yr vs 10.46%/yr for GE. Their 0.04 correlation means their historical movements had little consistent relationship.

Performance

NWBO vs. GE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northwest Biotherapeutics, Inc. (NWBO) and General Electric Company (GE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NWBO achieves a -28.31% return, which is significantly lower than GE's 17.21% return. Over the past 10 years, NWBO has underperformed GE with an annualized return of -9.39%, while GE has yielded a comparatively higher 10.46% annualized return.

NWBO

• 1D: -0.61%
• 1M: -11.45%
• 6M: -43.62%
• YTD: -28.31%
• 1Y: -35.62%
• 3Y*: -32.04%
• 5Y*: -32.84%
• 10Y*: -9.39%
• ALL TIME*: -30.38%

GE

• 1D: 1.42%
• 1M: -4.50%
• 6M: 17.68%
• YTD: 17.21%
• 1Y: 34.35%
• 3Y*: 59.40%
• 5Y*: 41.70%
• 10Y*: 10.46%
• ALL TIME*: 8.89%

*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)
GE General Electric Company	$1.27B	$1.39B	$1.61B
NWBO Northwest Biotherapeutics, Inc.	$362.88K	$599.45K	$662.34K

NWBO vs. GE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NWBO Northwest Biotherapeutics, Inc.	-28.31%	-16.74%	-60.81%	-10.64%	12.07%	-54.10%	626.19%	2.19%	-14.38%	-31.05%
GE General Electric Company	17.21%	85.73%	64.83%	95.71%	-10.92%	9.69%	-2.73%	54.00%	-55.39%	-42.92%

Correlation

The correlation between NWBO and GE is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.02
Correlation (3Y) Balances recent behavior with more history.	-0.01
Correlation (5Y) Shows whether the relationship held over a longer period.	0.03
Correlation (10Y) Provides a long-term view across more market conditions.	0.03
Correlation (All Time) Calculated using the full available price history since Dec 14, 2001	0.04

Fundamentals

Market Cap NWBO : $266.22M GE : $373.60B
EPS NWBO : -$0.06 GE : $8.48
PS Ratio NWBO : 261.15 GE : 7.52
Total Revenue (TTM) NWBO : $937.00K GE : $50.68B
Gross Profit (TTM) NWBO : $416.00K GE : $17.96B
EBITDA (TTM) NWBO : -$79.62M GE : $11.56B

Return for Risk

NWBO vs. GE — Risk / Return Rank

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

NWBO

NWBO Risk / Return Rank: 21
NWBO Sharpe Ratio Rank: 22
NWBO Sortino Ratio Rank: 23
NWBO Omega Ratio Rank: 23
NWBO Calmar Ratio Rank: 20
NWBO Martin Ratio Rank: 16

GE

GE Risk / Return Rank: 74
GE Sharpe Ratio Rank: 77
GE Sortino Ratio Rank: 71
GE Omega Ratio Rank: 71
GE Calmar Ratio Rank: 75
GE Martin Ratio Rank: 77

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.

NWBO vs. GE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northwest Biotherapeutics, Inc. (NWBO) and General Electric Company (GE). 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.

	NWBO	GE	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	1.05	-1.54
Sortino ratio: Return per unit of downside risk	-0.44	1.54	-1.98
Omega ratio: Gain probability vs. loss probability	0.95	1.20	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.63	1.61	-2.25
Martin ratio: Return relative to average drawdown	-1.19	4.25	-5.44

NWBO vs. GE - Sharpe Ratio Comparison

The current NWBO Sharpe Ratio is -0.50, which is lower than the GE Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of NWBO and GE, 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

NWBO vs. GE - Drawdown Comparison

The maximum NWBO drawdown since its inception was -99.99%, which is greater than GE's maximum drawdown of -85.53%. Use the drawdown chart below to compare losses from any high point for NWBO and GE.

Drawdown Indicators

	NWBO	GE	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-85.53%	-14.46%
Max Drawdown (1Y) Largest decline over 1 year	-52.03%	-20.85%	-31.18%
Max Drawdown (3Y) Largest decline over 3 years	-85.24%	-21.36%	-63.88%
Max Drawdown (5Y) Largest decline over 5 years	-91.96%	-44.94%	-47.02%
Max Drawdown (10Y) Largest decline over 10 years	-93.33%	-80.94%	-12.39%
Current Drawdown Current decline from peak	-99.99%	-4.91%	-95.08%
Average Drawdown Average peak-to-trough decline	-97.16%	-25.74%	-71.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.64%	7.91%	+19.73%

Volatility

NWBO vs. GE - Volatility Comparison

Northwest Biotherapeutics, Inc. (NWBO) has a higher volatility of 17.38% compared to General Electric Company (GE) at 9.01%. This indicates that NWBO's price experiences larger fluctuations and is considered to be riskier than GE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NWBO	GE	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.38%	9.01%	+8.37%
Volatility (6M) Calculated over the trailing 6-month period	38.84%	25.88%	+12.96%
Volatility (1Y) Calculated over the trailing 1-year period	66.37%	32.16%	+34.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.08%	30.96%	+51.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.64%	36.44%	+56.20%

Dividends

NWBO vs. GE - Dividend Comparison

NWBO has not paid dividends to shareholders, while GE's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GE General Electric Company	0.46%	0.47%	0.67%	0.25%	0.38%	0.34%	0.37%	4.12%	4.89%	4.81%	2.94%	2.95%
NWBO Northwest Biotherapeutics, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both NWBO and GE in my portfolio?

NWBO and GE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NWBO or GE?

NWBO has higher volatility (17.38%) compared to GE (9.01%). In terms of maximum drawdown, NWBO dropped -99.99% vs GE's -85.53%.

Which has better risk-adjusted returns?

GE currently has the higher Sharpe Ratio (1.05 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.