QXO vs. INOD

Last updated Jun 4, 2026

QXO (QXO, Inc) and INOD (Innodata Inc.) are both stocks. Both are in the Technology sector — QXO in Software - Application, INOD in Information Technology Services. Over the past 10 years, QXO returned 7.71%/yr vs 46.06%/yr for INOD. At a 0.11 correlation, their price movements are largely independent.

Performance

QXO vs. INOD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in QXO, Inc (QXO) and Innodata Inc. (INOD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QXO achieves a -14.77% return, which is significantly lower than INOD's 112.50% return. Over the past 10 years, QXO has underperformed INOD with an annualized return of 7.71%, while INOD has yielded a comparatively higher 46.06% annualized return.

QXO

• 1D: 0.74%
• 1M: -14.02%
• YTD: -14.77%
• 6M: -17.80%
• 1Y: -1.20%
• 3Y*: -6.04%
• 5Y*: -18.47%
• 10Y*: 7.71%

INOD

• 1D: -5.21%
• 1M: 136.81%
• YTD: 112.50%
• 6M: 81.51%
• 1Y: 144.51%
• 3Y*: 111.83%
• 5Y*: 72.06%
• 10Y*: 46.06%

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

QXO vs. INOD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QXO QXO, Inc	-14.77%	21.32%	-86.06%	508.46%	-33.78%	63.72%	-17.22%	92.05%	-45.15%	43.66%
INOD Innodata Inc.	112.50%	28.92%	385.50%	174.54%	-49.92%	11.70%	364.91%	-24.00%	10.29%	-44.49%

Correlation

The correlation between QXO and INOD is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Mar 16, 2012	0.11

Over the past year, QXO and INOD have become more correlated (0.31) than their long-term average of 0.11, meaning their price movements have been converging.

Fundamentals

Market Cap QXO : $122.38M INOD : $3.85B
EPS QXO : -$1.03 INOD : $1.11
PS Ratio QXO : 0.96 INOD : 13.52
PB Ratio QXO : 0.01 INOD : 30.05
Total Revenue (TTM) QXO : $8.56B INOD : $283.42M
Gross Profit (TTM) QXO : $1.98B INOD : $76.88M
EBITDA (TTM) QXO : -$152.95M INOD : $37.35M

Return for Risk

QXO vs. INOD — Risk / Return Rank

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

QXO

QXO Risk / Return Rank: 39
QXO Sharpe Ratio Rank: 40
QXO Sortino Ratio Rank: 41
QXO Omega Ratio Rank: 39
QXO Calmar Ratio Rank: 39
QXO Martin Ratio Rank: 39

INOD

INOD Risk / Return Rank: 78
INOD Sharpe Ratio Rank: 75
INOD Sortino Ratio Rank: 85
INOD Omega Ratio Rank: 81
INOD Calmar Ratio Rank: 77
INOD Martin Ratio Rank: 71

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.

QXO vs. INOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for QXO, Inc (QXO) and Innodata Inc. (INOD). 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.

	QXO	INOD	Difference
Sharpe ratio Return per unit of total volatility	-0.02	1.20	-1.22
Sortino ratio Return per unit of downside risk	0.45	2.74	-2.28
Omega ratio Gain probability vs. loss probability	1.05	1.32	-0.27
Calmar ratio Return relative to maximum drawdown	-0.03	2.31	-2.34
Martin ratio Return relative to average drawdown	-0.06	4.16	-4.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QXO vs. INOD - Sharpe Ratio Comparison

The current QXO Sharpe Ratio is -0.02, which is lower than the INOD Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of QXO and INOD, 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

	QXO	INOD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	1.20	-1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.13	0.68	-0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	0.52	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.13	-0.08

Drawdowns

QXO vs. INOD - Drawdown Comparison

The maximum QXO drawdown since its inception was -95.44%, roughly equal to the maximum INOD drawdown of -95.47%. Use the drawdown chart below to compare losses from any high point for QXO and INOD.

Drawdown Indicators

	QXO	INOD	Difference
Max Drawdown Largest peak-to-trough decline	-95.44%	-95.47%	+0.03%
Max Drawdown (1Y) Largest decline over 1 year	-41.08%	-63.03%	+21.95%
Max Drawdown (3Y) Largest decline over 3 years	-95.44%	-63.03%	-32.41%
Max Drawdown (5Y) Largest decline over 5 years	-95.44%	-74.44%	-21.00%
Max Drawdown (10Y) Largest decline over 10 years	-95.44%	-74.44%	-21.00%
Current Drawdown Current decline from peak	-93.02%	-6.11%	-86.91%
Average Drawdown Average peak-to-trough decline	-56.34%	-60.11%	+3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.82%	34.85%	-15.03%

Volatility

QXO vs. INOD - Volatility Comparison

The current volatility for QXO, Inc (QXO) is 16.10%, while Innodata Inc. (INOD) has a volatility of 69.16%. This indicates that QXO experiences smaller price fluctuations and is considered to be less risky than INOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QXO	INOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.10%	69.16%	-53.06%
Volatility (6M) Calculated over the trailing 6-month period	46.44%	86.87%	-40.43%
Volatility (1Y) Calculated over the trailing 1-year period	60.14%	121.37%	-61.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.36%	106.47%	+38.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	123.57%	89.14%	+34.43%

Dividends

QXO vs. INOD - Dividend Comparison

Neither QXO nor INOD has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
INOD Innodata Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QXO QXO, Inc	0.00%	0.00%	164.53%	1.17%	0.00%	13.42%	31.47%	1.15%	0.00%	1.89%	2.00%

Financials

QXO vs. INOD - Profitability Comparison

The chart below illustrates the profitability comparison between QXO, Inc and Innodata Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

QXO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, QXO, Inc reported a gross profit of 409.30M and revenue of 1.73B. Therefore, the gross margin over that period was 23.7%.

INOD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported a gross profit of 0.00 and revenue of 90.10M. Therefore, the gross margin over that period was 0.0%.

QXO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, QXO, Inc reported an operating income of -251.90M and revenue of 1.73B, resulting in an operating margin of -14.6%.

INOD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported an operating income of 0.00 and revenue of 90.10M, resulting in an operating margin of 0.0%.

QXO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, QXO, Inc reported a net income of -227.10M and revenue of 1.73B, resulting in a net margin of -13.1%.

INOD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Innodata Inc. reported a net income of 14.90M and revenue of 90.10M, resulting in a net margin of 16.5%.

Frequently Asked Questions

Can I hold both QXO and INOD in my portfolio?

QXO and INOD 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.

Which is riskier, QXO or INOD?

INOD has higher volatility (69.16%) compared to QXO (16.10%). In terms of maximum drawdown, QXO dropped -95.44% vs INOD's -95.47%.

Which has better risk-adjusted returns?

INOD currently has the higher Sharpe Ratio (1.20 vs -0.02), 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.