PGNY vs. NNOX

Last updated Jun 5, 2026

PGNY (Progyny, Inc.) and NNOX (Nano-X Imaging Ltd.) are both stocks. Both are in the Healthcare sector — PGNY in Health Information Services, NNOX in Medical Devices. Over the past 5 years, PGNY returned -16.62%/yr vs -40.40%/yr for NNOX. At a 0.35 correlation, their price movements are largely independent.

Performance

PGNY vs. NNOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Progyny, Inc. (PGNY) and Nano-X Imaging Ltd. (NNOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PGNY achieves a -0.78% return, which is significantly higher than NNOX's -26.07% return.

PGNY

• 1D: 1.96%
• 1M: 34.25%
• YTD: -0.78%
• 6M: 5.51%
• 1Y: 19.62%
• 3Y*: -14.06%
• 5Y*: -16.62%
• 10Y*: —

NNOX

• 1D: 10.70%
• 1M: 15.64%
• YTD: -26.07%
• 6M: -45.95%
• 1Y: -60.50%
• 3Y*: -53.06%
• 5Y*: -40.40%
• 10Y*: —

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

PGNY vs. NNOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PGNY Progyny, Inc.	-0.78%	48.87%	-53.60%	19.36%	-38.13%	18.78%	44.28%
NNOX Nano-X Imaging Ltd.	-26.07%	-61.11%	13.03%	-13.69%	-49.24%	-68.16%	110.41%

Correlation

The correlation between PGNY and NNOX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020	0.35

The correlation between PGNY and NNOX shifts across timeframes, from 0.27 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PGNY : $2.16B NNOX : $138.81M
EPS PGNY : $0.76 NNOX : -$1.15
PS Ratio PGNY : 1.74 NNOX : 10.35
PB Ratio PGNY : 4.92 NNOX : 0.99
Total Revenue (TTM) PGNY : $1.29B NNOX : $13.02M
Gross Profit (TTM) PGNY : $311.76M NNOX : -$10.44M
EBITDA (TTM) PGNY : $108.11M NNOX : -$50.01M

Return for Risk

PGNY vs. NNOX — Risk / Return Rank

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

PGNY

PGNY Risk / Return Rank: 53
PGNY Sharpe Ratio Rank: 54
PGNY Sortino Ratio Rank: 53
PGNY Omega Ratio Rank: 55
PGNY Calmar Ratio Rank: 52
PGNY Martin Ratio Rank: 52

NNOX

NNOX Risk / Return Rank: 8
NNOX Sharpe Ratio Rank: 8
NNOX Sortino Ratio Rank: 8
NNOX Omega Ratio Rank: 9
NNOX Calmar Ratio Rank: 9
NNOX Martin Ratio Rank: 9

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.

PGNY vs. NNOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Progyny, Inc. (PGNY) and Nano-X Imaging Ltd. (NNOX). 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.

	PGNY	NNOX	Difference
Sharpe ratio: Return per unit of total volatility	0.35	-0.83	+1.18
Sortino ratio: Return per unit of downside risk	0.96	-1.32	+2.28
Omega ratio: Gain probability vs. loss probability	1.13	0.85	+0.28
Calmar ratio: Return relative to maximum drawdown	0.46	-0.85	+1.32
Martin ratio: Return relative to average drawdown	0.99	-1.38	+2.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGNY vs. NNOX - Sharpe Ratio Comparison

The current PGNY Sharpe Ratio is 0.35, which is higher than the NNOX Sharpe Ratio of -0.83. The chart below compares the historical Sharpe Ratios of PGNY and NNOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PGNY	NNOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	-0.83	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.30	-0.45	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	-0.33	+0.45

Drawdowns

PGNY vs. NNOX - Drawdown Comparison

The maximum PGNY drawdown since its inception was -79.49%, smaller than the maximum NNOX drawdown of -98.18%. Use the drawdown chart below to compare losses from any high point for PGNY and NNOX.

Drawdown Indicators

	PGNY	NNOX	Difference
Max Drawdown Largest peak-to-trough decline	-79.49%	-98.18%	+18.69%
Max Drawdown (1Y) Largest decline over 1 year	-42.65%	-71.05%	+28.40%
Max Drawdown (3Y) Largest decline over 3 years	-68.14%	-92.42%	+24.28%
Max Drawdown (5Y) Largest decline over 5 years	-79.49%	-95.11%	+15.62%
Current Drawdown Current decline from peak	-61.78%	-97.68%	+35.90%
Average Drawdown Average peak-to-trough decline	-42.39%	-82.63%	+40.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.86%	43.99%	-24.13%

Volatility

PGNY vs. NNOX - Volatility Comparison

Progyny, Inc. (PGNY) has a higher volatility of 24.13% compared to Nano-X Imaging Ltd. (NNOX) at 18.51%. This indicates that PGNY's price experiences larger fluctuations and is considered to be riskier than NNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGNY	NNOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.13%	18.51%	+5.62%
Volatility (6M) Calculated over the trailing 6-month period	41.53%	52.53%	-11.00%
Volatility (1Y) Calculated over the trailing 1-year period	56.99%	72.90%	-15.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.07%	89.18%	-33.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.88%	100.66%	-38.78%

Dividends

PGNY vs. NNOX - Dividend Comparison

Neither PGNY nor NNOX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both PGNY and NNOX in my portfolio?

PGNY and NNOX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PGNY or NNOX?

PGNY has higher volatility (24.13%) compared to NNOX (18.51%). In terms of maximum drawdown, PGNY dropped -79.49% vs NNOX's -98.18%.

Which has better risk-adjusted returns?

PGNY currently has the higher Sharpe Ratio (0.35 vs -0.83), 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.