OPTT vs. OMEX
OPTT (Ocean Power Technologies, Inc.) and OMEX (Odyssey Marine Exploration, Inc.) are both stocks. Both are in the Industrials sector — OPTT in Electrical Equipment & Parts, OMEX in Specialty Business Services. Over the past 10 years, OPTT returned -41.27%/yr vs -8.36%/yr for OMEX. At a 0.11 correlation, their price movements are largely independent.
Performance
OPTT vs. OMEX - Performance Comparison
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Returns By Period
In the year-to-date period, OPTT achieves a -7.83% return, which is significantly higher than OMEX's -56.12% return. Over the past 10 years, OPTT has underperformed OMEX with an annualized return of -41.27%, while OMEX has yielded a comparatively higher -8.36% annualized return.
OPTT
- 1D
- -1.25%
- 1M
- -22.48%
- YTD
- -7.83%
- 6M
- -20.89%
- 1Y
- -43.24%
- 3Y*
- -21.00%
- 5Y*
- -35.77%
- 10Y*
- -41.27%
OMEX
- 1D
- -0.46%
- 1M
- -20.37%
- YTD
- -56.12%
- 6M
- -61.09%
- 1Y
- -30.65%
- 3Y*
- -38.29%
- 5Y*
- -33.77%
- 10Y*
- -8.36%
OPTT vs. OMEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPTT Ocean Power Technologies, Inc. | -7.83% | -70.59% | 222.78% | -29.79% | -69.59% | -44.98% | 209.20% | -87.21% | -69.08% | -62.71% |
OMEX Odyssey Marine Exploration, Inc. | -56.12% | 172.22% | -84.52% | 19.85% | -25.38% | -26.76% | 122.57% | -4.20% | -11.67% | 10.23% |
Correlation
The correlation between OPTT and OMEX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2007 | 0.11 |
Over the past year, OPTT and OMEX have become more correlated (0.42) than their long-term average of 0.11, meaning their price movements have been converging.
Fundamentals
OPTT:
-$0.02
OMEX:
-$1.00
OPTT:
148.08
OMEX:
56.61
OPTT:
$3.44M
OMEX:
$467.12K
OPTT:
-$1.94M
OMEX:
-$1.46M
OPTT:
-$33.99M
OMEX:
$1.32B
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Return for Risk
OPTT vs. OMEX — Risk / Return Rank
OPTT
OMEX
OPTT vs. OMEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ocean Power Technologies, Inc. (OPTT) and Odyssey Marine Exploration, Inc. (OMEX). 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.
| OPTT | OMEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.06 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | -0.38 | -0.26 |
| Martin ratioReturn relative to average drawdown | -0.92 | -0.59 | -0.32 |
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Drawdowns
OPTT vs. OMEX - Drawdown Comparison
The maximum OPTT drawdown since its inception was -100.00%, roughly equal to the maximum OMEX drawdown of -99.70%. Use the drawdown chart below to compare losses from any high point for OPTT and OMEX.
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Drawdown Indicators
| OPTT | OMEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.70% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -67.80% | -81.36% | +13.56% |
Max Drawdown (3Y)Largest decline over 3 years | -83.20% | -94.60% | +11.40% |
Max Drawdown (5Y)Largest decline over 5 years | -95.71% | -96.05% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -99.95% | -97.40% | -2.55% |
Current DrawdownCurrent decline from peak | -99.99% | -99.14% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -88.53% | -71.63% | -16.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.15% | 51.59% | -4.44% |
Volatility
OPTT vs. OMEX - Volatility Comparison
Ocean Power Technologies, Inc. (OPTT) has a higher volatility of 36.75% compared to Odyssey Marine Exploration, Inc. (OMEX) at 17.55%. This indicates that OPTT's price experiences larger fluctuations and is considered to be riskier than OMEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPTT | OMEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.75% | 17.55% | +19.20% |
Volatility (6M)Calculated over the trailing 6-month period | 76.77% | 84.02% | -7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 104.28% | 125.61% | -21.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 121.99% | 145.91% | -23.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.54% | 119.72% | +7.82% |
Dividends
OPTT vs. OMEX - Dividend Comparison
Neither OPTT nor OMEX has paid dividends to shareholders.
Financials
OPTT vs. OMEX - Financials Comparison
This section allows you to compare key financial metrics between Ocean Power Technologies, Inc. and Odyssey Marine Exploration, 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
OPTT and OMEX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPTT has higher volatility (36.75%) compared to OMEX (17.55%). In terms of maximum drawdown, OPTT dropped -100.00% vs OMEX's -99.70%.
OMEX currently has the higher Sharpe Ratio (-0.24 vs -0.42), 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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