OWLT vs. DCTH

Last updated Jul 14, 2026

OWLT (Owlet, Inc.) and DCTH (Delcath Systems, Inc.) are both stocks. Both operate in the Medical Devices industry within the Healthcare sector. Over the past 5 years, OWLT returned -44.03%/yr vs 5.03%/yr for DCTH. At a 0.08 correlation, their price movements are largely independent.

Performance

OWLT vs. DCTH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Owlet, Inc. (OWLT) and Delcath Systems, Inc. (DCTH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OWLT achieves a -60.47% return, which is significantly lower than DCTH's 27.43% return.

OWLT

• 1D: 5.09%
• 1M: 37.63%
• 6M: -56.01%
• YTD: -60.47%
• 1Y: -26.10%
• 3Y*: 13.48%
• 5Y*: -44.03%
• 10Y*: —

DCTH

• 1D: -1.08%
• 1M: 9.81%
• 6M: 25.07%
• YTD: 27.43%
• 1Y: 13.49%
• 3Y*: 37.51%
• 5Y*: 5.03%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

OWLT vs. DCTH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OWLT Owlet, Inc.	-60.47%	263.82%	-15.72%	-32.54%	-79.06%	-73.75%	3.78%
DCTH Delcath Systems, Inc.	27.43%	-16.11%	189.42%	15.56%	-53.55%	-56.75%	59.29%

Correlation

The correlation between OWLT and DCTH is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Nov 5, 2020	0.08

The correlation between OWLT and DCTH shifts across timeframes, from 0.08 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap OWLT : $115.80M DCTH : $444.29M
EPS OWLT : -$0.03 DCTH : $0.01
PS Ratio OWLT : 83.93 DCTH : 7.38
PB Ratio OWLT : 1.57K DCTH : 4.11
Total Revenue (TTM) OWLT : $107.06M DCTH : $65.45M
Gross Profit (TTM) OWLT : $54.38M DCTH : $77.75M
EBITDA (TTM) OWLT : -$17.58M DCTH : $222.00K

Return for Risk

OWLT vs. DCTH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OWLT

OWLT Risk / Return Rank: 34
OWLT Sharpe Ratio Rank: 32
OWLT Sortino Ratio Rank: 38
OWLT Omega Ratio Rank: 38
OWLT Calmar Ratio Rank: 33
OWLT Martin Ratio Rank: 33

DCTH

DCTH Risk / Return Rank: 54
DCTH Sharpe Ratio Rank: 56
DCTH Sortino Ratio Rank: 53
DCTH Omega Ratio Rank: 51
DCTH Calmar Ratio Rank: 56
DCTH Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OWLT vs. DCTH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Owlet, Inc. (OWLT) and Delcath Systems, Inc. (DCTH). 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.

	OWLT	DCTH	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	0.28	-0.58
Sortino ratio: Return per unit of downside risk	0.15	0.75	-0.60
Omega ratio: Gain probability vs. loss probability	1.02	1.09	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.36	0.40	-0.76
Martin ratio: Return relative to average drawdown	-0.62	0.81	-1.43

OWLT vs. DCTH - Sharpe Ratio Comparison

The current OWLT Sharpe Ratio is -0.30, which is lower than the DCTH Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of OWLT and DCTH, 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

OWLT vs. DCTH - Drawdown Comparison

The maximum OWLT drawdown since its inception was -98.14%, roughly equal to the maximum DCTH drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for OWLT and DCTH.

Drawdown Indicators

	OWLT	DCTH	Difference
Max Drawdown Largest peak-to-trough decline	-98.14%	-99.96%	+1.82%
Max Drawdown (1Y) Largest decline over 1 year	-73.12%	-33.74%	-39.38%
Max Drawdown (3Y) Largest decline over 3 years	-73.12%	-60.87%	-12.25%
Max Drawdown (5Y) Largest decline over 5 years	-98.06%	-80.80%	-17.26%
Current Drawdown Current decline from peak	-95.76%	-99.79%	+4.03%
Average Drawdown Average peak-to-trough decline	-78.21%	-96.45%	+18.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.10%	16.65%	+25.45%

Volatility

OWLT vs. DCTH - Volatility Comparison

Owlet, Inc. (OWLT) has a higher volatility of 19.50% compared to Delcath Systems, Inc. (DCTH) at 13.06%. This indicates that OWLT's price experiences larger fluctuations and is considered to be riskier than DCTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OWLT	DCTH	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.50%	13.06%	+6.44%
Volatility (6M) Calculated over the trailing 6-month period	70.38%	33.91%	+36.47%
Volatility (1Y) Calculated over the trailing 1-year period	86.80%	48.83%	+37.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.02%	72.83%	+18.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.55%	109.55%	-24.00%

Dividends

OWLT vs. DCTH - Dividend Comparison

Neither OWLT nor DCTH has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both OWLT and DCTH in my portfolio?

OWLT and DCTH have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OWLT or DCTH?

OWLT has higher volatility (19.50%) compared to DCTH (13.06%). In terms of maximum drawdown, OWLT dropped -98.14% vs DCTH's -99.96%.

Which has better risk-adjusted returns?

DCTH currently has the higher Sharpe Ratio (0.28 vs -0.30), 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.