TRTN-PA vs. CODX
TRTN-PA (Triton International Ltd) and CODX (Co-Diagnostics, Inc.) are both stocks. TRTN-PA operates in Rental & Leasing Services (Industrials), while CODX operates in Diagnostics & Research (Healthcare). Over the past 5 years, TRTN-PA returned 6.49%/yr vs -58.46%/yr for CODX. At a correlation of -0.01, they often move in opposite directions.
Performance
TRTN-PA vs. CODX - Performance Comparison
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Returns By Period
In the year-to-date period, TRTN-PA achieves a 3.89% return, which is significantly higher than CODX's -36.14% return.
TRTN-PA
- 1D
- 0.02%
- 1M
- 0.07%
- YTD
- 3.89%
- 6M
- 5.11%
- 1Y
- 10.12%
- 3Y*
- 8.88%
- 5Y*
- 6.49%
- 10Y*
- —
CODX
- 1D
- 3.53%
- 1M
- -36.29%
- YTD
- -36.14%
- 6M
- -56.09%
- 1Y
- -57.81%
- 3Y*
- -53.91%
- 5Y*
- -58.46%
- 10Y*
- —
TRTN-PA vs. CODX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRTN-PA Triton International Ltd | 3.89% | 9.17% | 10.10% | 8.47% | -0.37% | 8.71% | 7.39% | 17.61% |
CODX Co-Diagnostics, Inc. | -36.14% | -77.52% | -43.61% | -47.22% | -71.78% | -3.98% | 939.11% | -24.79% |
Correlation
The correlation between TRTN-PA and CODX is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | -0.01 |
Fundamentals
TRTN-PA:
$2.58B
CODX:
$4.30M
TRTN-PA:
$4.65
CODX:
-$38.06
TRTN-PA:
1.92
CODX:
6.39
TRTN-PA:
1.62
CODX:
0.21
TRTN-PA:
$1.35B
CODX:
$622.49K
TRTN-PA:
$872.64M
CODX:
$400.11K
TRTN-PA:
$1.11B
CODX:
-$47.41M
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Return for Risk
TRTN-PA vs. CODX — Risk / Return Rank
TRTN-PA
CODX
TRTN-PA vs. CODX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Triton International Ltd (TRTN-PA) and Co-Diagnostics, Inc. (CODX). 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.
| TRTN-PA | CODX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | -0.60 | +4.06 |
| Martin ratioReturn relative to average drawdown | 13.06 | -0.81 | +13.87 |
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Drawdowns
TRTN-PA vs. CODX - Drawdown Comparison
The maximum TRTN-PA drawdown since its inception was -57.11%, smaller than the maximum CODX drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for TRTN-PA and CODX.
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Drawdown Indicators
| TRTN-PA | CODX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.11% | -99.86% | +42.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -96.60% | +93.67% |
Max Drawdown (3Y)Largest decline over 3 years | -2.94% | -97.68% | +94.74% |
Max Drawdown (5Y)Largest decline over 5 years | -7.48% | -99.62% | +92.14% |
Current DrawdownCurrent decline from peak | -0.42% | -99.65% | +99.23% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -76.68% | +74.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 71.72% | -70.94% |
Volatility
TRTN-PA vs. CODX - Volatility Comparison
The current volatility for Triton International Ltd (TRTN-PA) is 1.81%, while Co-Diagnostics, Inc. (CODX) has a volatility of 101.37%. This indicates that TRTN-PA experiences smaller price fluctuations and is considered to be less risky than CODX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRTN-PA | CODX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 101.37% | -99.56% |
Volatility (6M)Calculated over the trailing 6-month period | 5.21% | 188.94% | -183.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.40% | 351.15% | -343.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 172.80% | -164.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.28% | 171.52% | -150.24% |
Dividends
TRTN-PA vs. CODX - Dividend Comparison
TRTN-PA's dividend yield for the trailing twelve months is around 8.32%, while CODX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CODX Co-Diagnostics, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRTN-PA Triton International Ltd | 8.32% | 8.30% | 8.33% | 8.45% | 8.43% | 7.75% | 7.81% | 5.80% |
Financials
TRTN-PA vs. CODX - Financials Comparison
This section allows you to compare key financial metrics between Triton International Ltd and Co-Diagnostics, 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
TRTN-PA and CODX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CODX has higher volatility (101.37%) compared to TRTN-PA (1.81%). In terms of maximum drawdown, TRTN-PA dropped -57.11% vs CODX's -99.86%.
TRTN-PA currently has the higher Sharpe Ratio (1.37 vs -0.17), 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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