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 6.75%/yr vs -65.70%/yr for CODX. Their -0.01 correlation means they have often moved in opposite directions in the past.
Performance
TRTN-PA vs. CODX - Performance Comparison
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Returns By Period
In the year-to-date period, TRTN-PA achieves a 5.98% return, which is significantly higher than CODX's -71.53% return.
TRTN-PA
- 1D
- 0.39%
- 1M
- 0.66%
- 6M
- 4.34%
- YTD
- 5.98%
- 1Y
- 8.40%
- 3Y*
- 10.16%
- 5Y*
- 6.75%
- 10Y*
- —
- ALL TIME*
- 9.01%
CODX
- 1D
- -7.69%
- 1M
- -51.84%
- 6M
- -39.46%
- YTD
- -71.53%
- 1Y
- -80.66%
- 3Y*
- -67.55%
- 5Y*
- -65.70%
- 10Y*
- —
- ALL TIME*
- -41.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $801.44K | $728.15K | $25.39M | |
TRTN-PA Triton International Ltd | $52.29K | $69.12K | $83.28K |
TRTN-PA vs. CODX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRTN-PA Triton International Ltd | 5.98% | 9.17% | 10.10% | 8.47% | -0.37% | 8.71% | 7.39% | 17.61% |
CODX Co-Diagnostics, Inc. | -71.53% | -77.52% | -43.61% | -47.22% | -71.78% | -3.98% | 939.11% | -24.79% |
Correlation
The correlation between TRTN-PA and CODX is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.04 |
Correlation (3Y) Balances recent behavior with more history. | -0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | -0.01 |
Fundamentals
TRTN-PA:
$2.64B
CODX:
$1.61M
TRTN-PA:
$4.65
CODX:
-$36.17
TRTN-PA:
1.95
CODX:
3.00
TRTN-PA:
1.65
CODX:
0.09
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 | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | -0.84 | +4.83 |
| Martin ratioReturn relative to average drawdown | 11.79 | -1.05 | +12.83 |
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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 | -2.23% | -96.60% | +94.37% |
Max Drawdown (3Y)Largest decline over 3 years | -2.94% | -97.55% | +94.61% |
Max Drawdown (5Y)Largest decline over 5 years | -7.28% | -99.62% | +92.34% |
Current DrawdownCurrent decline from peak | -0.50% | -99.84% | +99.34% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -76.96% | +74.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 77.89% | -77.14% |
Volatility
TRTN-PA vs. CODX - Volatility Comparison
The current volatility for Triton International Ltd (TRTN-PA) is 2.23%, while Co-Diagnostics, Inc. (CODX) has a volatility of 38.23%. 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 | 2.23% | 38.23% | -36.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.32% | 163.45% | -158.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.99% | 352.99% | -346.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.76% | 173.06% | -164.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.15% | 171.02% | -149.87% |
Dividends
TRTN-PA vs. CODX - Dividend Comparison
TRTN-PA's dividend yield for the trailing twelve months is around 8.16%, 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 | 8.16% | 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 -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CODX has higher volatility (38.23%) compared to TRTN-PA (2.23%). In terms of maximum drawdown, TRTN-PA dropped -57.11% vs CODX's -99.86%.
TRTN-PA currently has the higher Sharpe Ratio (1.27 vs -0.23), 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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