SCWO vs. RIGL
SCWO (374Water Inc. Common Stock) and RIGL (Rigel Pharmaceuticals, Inc.) are both stocks. SCWO operates in Pollution & Treatment Controls (Industrials), while RIGL operates in Biotechnology (Healthcare). Over the past 10 years, SCWO returned 0.38%/yr vs 4.46%/yr for RIGL. At a 0.06 correlation, their price movements are largely independent.
Performance
SCWO vs. RIGL - Performance Comparison
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Returns By Period
In the year-to-date period, SCWO achieves a 4.41% return, which is significantly higher than RIGL's -16.58% return. Over the past 10 years, SCWO has underperformed RIGL with an annualized return of 0.38%, while RIGL has yielded a comparatively higher 4.46% annualized return.
SCWO
- 1D
- -5.33%
- 1M
- -12.35%
- YTD
- 4.41%
- 6M
- -10.58%
- 1Y
- -40.30%
- 3Y*
- -57.16%
- 5Y*
- -37.02%
- 10Y*
- 0.38%
RIGL
- 1D
- 8.57%
- 1M
- 23.16%
- YTD
- -16.58%
- 6M
- -19.09%
- 1Y
- 88.75%
- 3Y*
- 28.60%
- 5Y*
- -3.32%
- 10Y*
- 4.46%
SCWO vs. RIGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCWO 374Water Inc. Common Stock | 4.41% | -70.11% | -51.93% | -50.35% | 0.35% | 239.29% | 833.33% | 73.08% | -56.67% | -7.69% |
RIGL Rigel Pharmaceuticals, Inc. | -16.58% | 154.64% | 16.00% | -3.33% | -43.40% | -24.29% | 63.55% | -6.96% | -40.72% | 63.03% |
Correlation
The correlation between SCWO and RIGL is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2012 | 0.06 |
The correlation between SCWO and RIGL shifts across timeframes, from 0.06 (all time) to 0.17 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
SCWO:
$0.19
RIGL:
$19.21
SCWO:
11.13
RIGL:
1.86
SCWO:
0.00
RIGL:
2.26
SCWO:
$215.04B
RIGL:
$299.77M
SCWO:
-$2.35T
RIGL:
$279.95M
SCWO:
-$20.98T
RIGL:
$125.80M
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Return for Risk
SCWO vs. RIGL — Risk / Return Rank
SCWO
RIGL
SCWO vs. RIGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 374Water Inc. Common Stock (SCWO) and Rigel Pharmaceuticals, Inc. (RIGL). 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.
| SCWO | RIGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.27 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 1.78 | -2.32 |
| Martin ratioReturn relative to average drawdown | -0.76 | 3.09 | -3.85 |
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Drawdowns
SCWO vs. RIGL - Drawdown Comparison
The maximum SCWO drawdown since its inception was -99.05%, roughly equal to the maximum RIGL drawdown of -99.37%. Use the drawdown chart below to compare losses from any high point for SCWO and RIGL.
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Drawdown Indicators
| SCWO | RIGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.05% | -99.37% | +0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -74.93% | -50.08% | -24.85% |
Max Drawdown (3Y)Largest decline over 3 years | -93.52% | -57.00% | -36.52% |
Max Drawdown (5Y)Largest decline over 5 years | -96.45% | -85.24% | -11.21% |
Max Drawdown (10Y)Largest decline over 10 years | -96.45% | -86.40% | -10.05% |
Current DrawdownCurrent decline from peak | -95.69% | -96.66% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -56.77% | -90.91% | +34.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.95% | 28.85% | +24.10% |
Volatility
SCWO vs. RIGL - Volatility Comparison
374Water Inc. Common Stock (SCWO) has a higher volatility of 29.56% compared to Rigel Pharmaceuticals, Inc. (RIGL) at 10.60%. This indicates that SCWO's price experiences larger fluctuations and is considered to be riskier than RIGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCWO | RIGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.56% | 10.60% | +18.96% |
Volatility (6M)Calculated over the trailing 6-month period | 77.64% | 37.45% | +40.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 157.71% | 70.20% | +87.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.29% | 85.53% | +22.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 188.73% | 82.86% | +105.87% |
Dividends
SCWO vs. RIGL - Dividend Comparison
Neither SCWO nor RIGL has paid dividends to shareholders.
Financials
SCWO vs. RIGL - Financials Comparison
This section allows you to compare key financial metrics between 374Water Inc. Common Stock and Rigel Pharmaceuticals, 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
SCWO and RIGL have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCWO has higher volatility (29.56%) compared to RIGL (10.60%). In terms of maximum drawdown, SCWO dropped -99.05% vs RIGL's -99.37%.
RIGL currently has the higher Sharpe Ratio (1.27 vs -0.26), 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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