QTEX vs. BNGO
QTEX (QTREX Quantum Ltd.) and BNGO (Bionano Genomics, Inc.) are both stocks. QTEX operates in Computer Hardware (Technology), while BNGO operates in Diagnostics & Research (Healthcare). Over the past 5 years, QTEX returned -25.49%/yr vs -80.25%/yr for BNGO. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
QTEX vs. BNGO - Performance Comparison
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Returns By Period
QTEX
- 1D
- 8.42%
- 1M
- -37.06%
- 6M
- 20.00%
- YTD
- 0.00%
- 1Y
- -26.83%
- 3Y*
- -13.61%
- 5Y*
- -25.49%
- 10Y*
- —
- ALL TIME*
- -28.81%
BNGO
- 1D
- 0.94%
- 1M
- -6.96%
- 6M
- -17.69%
- YTD
- -30.07%
- 1Y
- -63.73%
- 3Y*
- -85.69%
- 5Y*
- -80.25%
- 10Y*
- —
- ALL TIME*
- -66.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $117.09K | $119.62K | $172.45K | |
| $2.78M | $4.37M | $44.02M |
QTEX vs. BNGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QTEX QTREX Quantum Ltd. | -0.00% | -11.76% | -3.77% | -17.83% | -68.99% | -16.80% |
BNGO Bionano Genomics, Inc. | -30.07% | -91.16% | -84.74% | -87.05% | -51.17% | -50.90% |
Correlation
The correlation between QTEX and BNGO is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.24 |
Fundamentals
QTEX:
$39.22M
BNGO:
$12.28M
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Return for Risk
QTEX vs. BNGO — Risk / Return Rank
QTEX
BNGO
QTEX vs. BNGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QTREX Quantum Ltd. (QTEX) and Bionano Genomics, Inc. (BNGO). 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.
| QTEX | BNGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.83 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | -0.82 | +0.44 |
| Martin ratioReturn relative to average drawdown | -0.68 | -0.96 | +0.28 |
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Drawdowns
QTEX vs. BNGO - Drawdown Comparison
The maximum QTEX drawdown since its inception was -96.84%, roughly equal to the maximum BNGO drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for QTEX and BNGO.
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Drawdown Indicators
| QTEX | BNGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.84% | -99.99% | +3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -77.23% | -78.46% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -86.94% | -99.64% | +12.70% |
Max Drawdown (5Y)Largest decline over 5 years | -96.84% | -99.97% | +3.13% |
Current DrawdownCurrent decline from peak | -90.62% | -99.99% | +9.37% |
Average DrawdownAverage peak-to-trough decline | -81.98% | -85.48% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.05% | 67.19% | -24.14% |
Volatility
QTEX vs. BNGO - Volatility Comparison
QTREX Quantum Ltd. (QTEX) has a higher volatility of 37.11% compared to Bionano Genomics, Inc. (BNGO) at 9.20%. This indicates that QTEX's price experiences larger fluctuations and is considered to be riskier than BNGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTEX | BNGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.11% | 9.20% | +27.91% |
Volatility (6M)Calculated over the trailing 6-month period | 161.84% | 43.60% | +118.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 221.14% | 81.07% | +140.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 196.93% | 89.51% | +107.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 196.18% | 190.03% | +6.15% |
Dividends
QTEX vs. BNGO - Dividend Comparison
Neither QTEX nor BNGO has paid dividends to shareholders.
Financials
QTEX vs. BNGO - Financials Comparison
This section allows you to compare key financial metrics between QTREX Quantum Ltd. and Bionano Genomics, 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
Frequently Asked Questions
QTEX and BNGO 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.
QTEX has higher volatility (37.11%) compared to BNGO (9.20%). In terms of maximum drawdown, QTEX dropped -96.84% vs BNGO's -99.99%.
QTEX currently has the higher Sharpe Ratio (-0.13 vs -0.80), 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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