PLSE vs. NEON

Last updated Jun 24, 2026

PLSE (Pulse Biosciences, Inc.) and NEON (Neonode Inc.) are both stocks. PLSE operates in Medical Instruments & Supplies (Healthcare), while NEON operates in Electronic Components (Technology). Over the past 10 years, PLSE returned 19.04%/yr vs -24.23%/yr for NEON. At a 0.11 correlation, their price movements are largely independent.

Performance

PLSE vs. NEON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pulse Biosciences, Inc. (PLSE) and Neonode Inc. (NEON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLSE achieves a 89.00% return, which is significantly higher than NEON's -43.40% return. Over the past 10 years, PLSE has outperformed NEON with an annualized return of 19.04%, while NEON has yielded a comparatively lower -24.23% annualized return.

PLSE

• 1D: 0.93%
• 1M: 0.23%
• YTD: 89.00%
• 6M: 77.98%
• 1Y: 67.53%
• 3Y*: 59.46%
• 5Y*: 7.04%
• 10Y*: 19.04%

NEON

• 1D: -3.45%
• 1M: -44.98%
• YTD: -43.40%
• 6M: -50.51%
• 1Y: -95.12%
• 3Y*: -49.96%
• 5Y*: -30.54%
• 10Y*: -24.23%

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

PLSE vs. NEON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLSE Pulse Biosciences, Inc.	89.00%	-21.14%	42.24%	341.88%	-81.30%	-37.93%	77.93%	17.02%	-51.44%	263.08%
NEON Neonode Inc.	-43.40%	-78.86%	259.39%	-58.36%	-37.85%	31.11%	247.94%	16.87%	-77.66%	-59.61%

Correlation

The correlation between PLSE and NEON is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since May 18, 2016	0.11

The correlation between PLSE and NEON shifts across timeframes, from 0.11 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PLSE : $1.76B NEON : $16.53M
EPS PLSE : -$1.11 NEON : $0.50
PS Ratio PLSE : 2.33K NEON : 7.64
PB Ratio PLSE : 26.53 NEON : 0.72
Total Revenue (TTM) PLSE : $751.00K NEON : $2.16M
Gross Profit (TTM) PLSE : -$684.00K NEON : $1.81M
EBITDA (TTM) PLSE : -$73.79M NEON : $7.89M

Return for Risk

PLSE vs. NEON — Risk / Return Rank

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

PLSE

PLSE Risk / Return Rank: 72
PLSE Sharpe Ratio Rank: 68
PLSE Sortino Ratio Rank: 76
PLSE Omega Ratio Rank: 73
PLSE Calmar Ratio Rank: 74
PLSE Martin Ratio Rank: 71

NEON

NEON Risk / Return Rank: 6
NEON Sharpe Ratio Rank: 7
NEON Sortino Ratio Rank: 2
NEON Omega Ratio Rank: 1
NEON Calmar Ratio Rank: 2
NEON Martin Ratio Rank: 17

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.

PLSE vs. NEON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pulse Biosciences, Inc. (PLSE) and Neonode Inc. (NEON). 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.

	PLSE	NEON	Difference
Sharpe ratio: Return per unit of total volatility	0.79	-0.90	+1.69
Sortino ratio: Return per unit of downside risk	1.95	-2.27	+4.22
Omega ratio: Gain probability vs. loss probability	1.23	0.64	+0.59
Calmar ratio: Return relative to maximum drawdown	1.86	-0.98	+2.84
Martin ratio: Return relative to average drawdown	3.66	-1.14	+4.80

PLSE vs. NEON - Sharpe Ratio Comparison

The current PLSE Sharpe Ratio is 0.79, which is higher than the NEON Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of PLSE and NEON, 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

PLSE vs. NEON - Drawdown Comparison

The maximum PLSE drawdown since its inception was -97.22%, roughly equal to the maximum NEON drawdown of -99.94%. Use the drawdown chart below to compare losses from any high point for PLSE and NEON.

Drawdown Indicators

	PLSE	NEON	Difference
Max Drawdown Largest peak-to-trough decline	-97.22%	-99.94%	+2.72%
Max Drawdown (1Y) Largest decline over 1 year	-36.51%	-96.64%	+60.13%
Max Drawdown (3Y) Largest decline over 3 years	-55.90%	-96.64%	+40.74%
Max Drawdown (5Y) Largest decline over 5 years	-95.38%	-96.64%	+1.26%
Max Drawdown (10Y) Largest decline over 10 years	-97.22%	-96.64%	-0.58%
Current Drawdown Current decline from peak	-41.38%	-99.94%	+58.56%
Average Drawdown Average peak-to-trough decline	-59.64%	-96.75%	+37.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.52%	82.98%	-64.46%

Volatility

PLSE vs. NEON - Volatility Comparison

The current volatility for Pulse Biosciences, Inc. (PLSE) is 19.56%, while Neonode Inc. (NEON) has a volatility of 37.37%. This indicates that PLSE experiences smaller price fluctuations and is considered to be less risky than NEON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLSE	NEON	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.56%	37.37%	-17.81%
Volatility (6M) Calculated over the trailing 6-month period	70.95%	54.29%	+16.66%
Volatility (1Y) Calculated over the trailing 1-year period	85.95%	105.83%	-19.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.32%	108.62%	-10.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.88%	99.33%	-7.45%

Dividends

PLSE vs. NEON - Dividend Comparison

Neither PLSE nor NEON has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both PLSE and NEON in my portfolio?

PLSE and NEON have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLSE or NEON?

NEON has higher volatility (37.37%) compared to PLSE (19.56%). In terms of maximum drawdown, PLSE dropped -97.22% vs NEON's -99.94%.

Which has better risk-adjusted returns?

PLSE currently has the higher Sharpe Ratio (0.79 vs -0.90), 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.