QSIAW vs. CNMD

Last updated Jun 25, 2026

QSIAW (Quantum-Si incorporated) and CNMD (CONMED Corporation) are both stocks. Both are in the Healthcare sector — QSIAW in Biotechnology, CNMD in Medical Devices. Over the past 5 years, QSIAW returned -69.69%/yr vs -23.54%/yr for CNMD. At a 0.08 correlation, their price movements are largely independent.

Performance

QSIAW vs. CNMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Quantum-Si incorporated (QSIAW) and CONMED Corporation (CNMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QSIAW achieves a -96.61% return, which is significantly lower than CNMD's -12.81% return.

QSIAW

• 1D: 0.00%
• 1M: -81.06%
• YTD: -96.61%
• 6M: -97.38%
• 1Y: -98.90%
• 3Y*: -69.91%
• 5Y*: -69.69%
• 10Y*: —

CNMD

• 1D: 4.73%
• 1M: -4.92%
• YTD: -12.81%
• 6M: -11.87%
• 1Y: -32.75%
• 3Y*: -34.97%
• 5Y*: -23.54%
• 10Y*: -1.22%

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

QSIAW vs. CNMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QSIAW Quantum-Si incorporated	-96.61%	-83.96%	295.68%	26.37%	-86.10%	-52.04%
CNMD CONMED Corporation	-12.81%	-40.03%	-36.84%	24.45%	-36.98%	4.52%

Correlation

The correlation between QSIAW and CNMD is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021	0.08

Fundamentals

Market Cap QSIAW : $1.47M CNMD : $1.08B
EPS QSIAW : -$0.51 CNMD : $1.77
PS Ratio QSIAW : 0.74 CNMD : 0.80
Total Revenue (TTM) QSIAW : $1.85M CNMD : $1.37B
Gross Profit (TTM) QSIAW : -$3.71M CNMD : $756.17M
EBITDA (TTM) QSIAW : -$104.05M CNMD : $188.54M

Return for Risk

QSIAW vs. CNMD — Risk / Return Rank

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

QSIAW

QSIAW Risk / Return Rank: 8
QSIAW Sharpe Ratio Rank: 22
QSIAW Sortino Ratio Rank: 5
QSIAW Omega Ratio Rank: 6
QSIAW Calmar Ratio Rank: 1
QSIAW Martin Ratio Rank: 8

CNMD

CNMD Risk / Return Rank: 12
CNMD Sharpe Ratio Rank: 9
CNMD Sortino Ratio Rank: 12
CNMD Omega Ratio Rank: 14
CNMD Calmar Ratio Rank: 13
CNMD Martin Ratio Rank: 11

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.

QSIAW vs. CNMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantum-Si incorporated (QSIAW) and CONMED Corporation (CNMD). 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.

	QSIAW	CNMD	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	-0.81	+0.32
Sortino ratio: Return per unit of downside risk	-1.69	-1.03	-0.65
Omega ratio: Gain probability vs. loss probability	0.80	0.88	-0.08
Calmar ratio: Return relative to maximum drawdown	-1.00	-0.78	-0.22
Martin ratio: Return relative to average drawdown	-1.45	-1.33	-0.12

QSIAW vs. CNMD - Sharpe Ratio Comparison

The current QSIAW Sharpe Ratio is -0.49, which is higher than the CNMD Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of QSIAW and CNMD, 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

QSIAW vs. CNMD - Drawdown Comparison

The maximum QSIAW drawdown since its inception was -99.83%, which is greater than CNMD's maximum drawdown of -78.76%. Use the drawdown chart below to compare losses from any high point for QSIAW and CNMD.

Drawdown Indicators

	QSIAW	CNMD	Difference
Max Drawdown Largest peak-to-trough decline	-99.83%	-78.76%	-21.07%
Max Drawdown (1Y) Largest decline over 1 year	-99.15%	-42.25%	-56.90%
Max Drawdown (3Y) Largest decline over 3 years	-99.68%	-75.85%	-23.83%
Max Drawdown (5Y) Largest decline over 5 years	-99.83%	-78.76%	-21.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-78.76%	—
Current Drawdown Current decline from peak	-99.83%	-76.58%	-23.25%
Average Drawdown Average peak-to-trough decline	-85.01%	-26.44%	-58.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	68.51%	24.64%	+43.87%

Volatility

QSIAW vs. CNMD - Volatility Comparison

Quantum-Si incorporated (QSIAW) has a higher volatility of 98.59% compared to CONMED Corporation (CNMD) at 16.12%. This indicates that QSIAW's price experiences larger fluctuations and is considered to be riskier than CNMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QSIAW	CNMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	98.59%	16.12%	+82.47%
Volatility (6M) Calculated over the trailing 6-month period	161.68%	30.03%	+131.65%
Volatility (1Y) Calculated over the trailing 1-year period	204.59%	40.67%	+163.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	213.32%	39.82%	+173.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	213.64%	39.39%	+174.25%

Dividends

QSIAW vs. CNMD - Dividend Comparison

QSIAW has not paid dividends to shareholders, while CNMD's dividend yield for the trailing twelve months is around 0.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNMD CONMED Corporation	0.56%	1.48%	1.17%	0.73%	0.90%	0.56%	0.71%	0.72%	1.25%	1.57%	1.81%	1.82%
QSIAW Quantum-Si incorporated	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both QSIAW and CNMD in my portfolio?

QSIAW and CNMD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QSIAW or CNMD?

QSIAW has higher volatility (98.59%) compared to CNMD (16.12%). In terms of maximum drawdown, QSIAW dropped -99.83% vs CNMD's -78.76%.

Which has better risk-adjusted returns?

QSIAW currently has the higher Sharpe Ratio (-0.48 vs -0.81), 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.