OPTX vs. MRAM
OPTX (Syntec Optics Holdings Inc.) and MRAM (Everspin Technologies, Inc.) are both stocks. Both are in the Technology sector — OPTX in Electronic Components, MRAM in Semiconductors. Over the past year, OPTX returned 736.84% vs 272.11% for MRAM. At a 0.21 correlation, their price movements are largely independent.
Performance
OPTX vs. MRAM - Performance Comparison
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Returns By Period
In the year-to-date period, OPTX achieves a 289.16% return, which is significantly higher than MRAM's 143.00% return.
OPTX
- 1D
- -4.79%
- 1M
- 4.21%
- YTD
- 289.16%
- 6M
- 346.99%
- 1Y
- 736.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MRAM
- 1D
- -11.67%
- 1M
- -33.05%
- YTD
- 143.00%
- 6M
- 140.41%
- 1Y
- 272.11%
- 3Y*
- 40.16%
- 5Y*
- 27.55%
- 10Y*
- —
OPTX vs. MRAM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OPTX Syntec Optics Holdings Inc. | 289.16% | 13.49% | -49.90% | -5.09% |
MRAM Everspin Technologies, Inc. | 143.00% | 45.23% | -29.31% | 4.03% |
Correlation
The correlation between OPTX and MRAM is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2023 | 0.21 |
Fundamentals
OPTX:
$410.92M
MRAM:
$521.76M
OPTX:
-$0.05
MRAM:
$0.01
OPTX:
14.63
MRAM:
9.17
OPTX:
43.07
MRAM:
7.43
OPTX:
$28.08M
MRAM:
$56.94M
OPTX:
$6.53M
MRAM:
$29.33M
OPTX:
$1.52M
MRAM:
-$3.33M
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Return for Risk
OPTX vs. MRAM — Risk / Return Rank
OPTX
MRAM
OPTX vs. MRAM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Syntec Optics Holdings Inc. (OPTX) and Everspin Technologies, Inc. (MRAM). 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.
| OPTX | MRAM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 13.11 | 5.56 | +7.55 |
| Martin ratioReturn relative to average drawdown | 30.14 | 11.24 | +18.90 |
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Drawdowns
OPTX vs. MRAM - Drawdown Comparison
The maximum OPTX drawdown since its inception was -90.40%, roughly equal to the maximum MRAM drawdown of -91.28%. Use the drawdown chart below to compare losses from any high point for OPTX and MRAM.
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Drawdown Indicators
| OPTX | MRAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.40% | -91.28% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -56.75% | -49.25% | -7.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.02% | — |
Current DrawdownCurrent decline from peak | -21.12% | -48.76% | +27.64% |
Average DrawdownAverage peak-to-trough decline | -63.49% | -64.90% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.64% | 24.34% | +0.30% |
Volatility
OPTX vs. MRAM - Volatility Comparison
Syntec Optics Holdings Inc. (OPTX) has a higher volatility of 40.40% compared to Everspin Technologies, Inc. (MRAM) at 38.04%. This indicates that OPTX's price experiences larger fluctuations and is considered to be riskier than MRAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPTX | MRAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 40.40% | 38.04% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 112.32% | 91.15% | +21.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 145.48% | 107.46% | +38.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 175.45% | 76.98% | +98.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 175.45% | 78.69% | +96.76% |
Dividends
OPTX vs. MRAM - Dividend Comparison
Neither OPTX nor MRAM has paid dividends to shareholders.
Financials
OPTX vs. MRAM - Financials Comparison
This section allows you to compare key financial metrics between Syntec Optics Holdings Inc. and Everspin Technologies, 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
OPTX vs. MRAM - Profitability Comparison
OPTX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Syntec Optics Holdings Inc. reported a gross profit of 1.77M and revenue of 7.51M. Therefore, the gross margin over that period was 23.6%.
MRAM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Everspin Technologies, Inc. reported a gross profit of 7.84M and revenue of 14.87M. Therefore, the gross margin over that period was 52.7%.
OPTX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Syntec Optics Holdings Inc. reported an operating income of 318.80K and revenue of 7.51M, resulting in an operating margin of 4.3%.
MRAM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Everspin Technologies, Inc. reported an operating income of -2.72M and revenue of 14.87M, resulting in an operating margin of -18.3%.
OPTX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Syntec Optics Holdings Inc. reported a net income of -343.84K and revenue of 7.51M, resulting in a net margin of -4.6%.
MRAM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Everspin Technologies, Inc. reported a net income of -290.00K and revenue of 14.87M, resulting in a net margin of -2.0%.
Frequently Asked Questions
OPTX and MRAM have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPTX has higher volatility (40.40%) compared to MRAM (38.04%). In terms of maximum drawdown, OPTX dropped -90.40% vs MRAM's -91.28%.
OPTX currently has the higher Sharpe Ratio (5.12 vs 2.55), 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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