TRTN-PB vs. CODX
TRTN-PB (Triton International Ltd) and CODX (Co-Diagnostics, Inc.) are both stocks. TRTN-PB operates in Rental & Leasing Services (Industrials), while CODX operates in Diagnostics & Research (Healthcare). Over the past 5 years, TRTN-PB returned 5.36%/yr vs -58.97%/yr for CODX. At a 0.06 correlation, their price movements are largely independent.
Performance
TRTN-PB vs. CODX - Performance Comparison
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Returns By Period
In the year-to-date period, TRTN-PB achieves a 4.77% return, which is significantly higher than CODX's -48.40% return.
TRTN-PB
- 1D
- 0.24%
- 1M
- 1.16%
- 6M
- 4.48%
- YTD
- 4.77%
- 1Y
- 8.84%
- 3Y*
- 9.13%
- 5Y*
- 5.36%
- 10Y*
- —
CODX
- 1D
- 0.00%
- 1M
- -39.16%
- 6M
- -56.35%
- YTD
- -48.40%
- 1Y
- -65.20%
- 3Y*
- -59.91%
- 5Y*
- -58.97%
- 10Y*
- —
TRTN-PB vs. CODX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRTN-PB Triton International Ltd | 4.77% | 8.50% | 9.14% | 8.21% | -1.49% | 10.25% | 6.73% | 13.02% |
CODX Co-Diagnostics, Inc. | -48.40% | -77.52% | -43.61% | -47.22% | -71.78% | -3.98% | 939.11% | 13.01% |
Correlation
The correlation between TRTN-PB and CODX is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.06 |
The correlation between TRTN-PB and CODX shifts across timeframes, from 0.00 (1 year) to 0.11 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TRTN-PB:
$2.57B
CODX:
$2.91M
TRTN-PB:
$4.65
CODX:
-$36.17
TRTN-PB:
1.90
CODX:
5.44
TRTN-PB:
1.61
CODX:
0.17
TRTN-PB:
$1.35B
CODX:
$622.49K
TRTN-PB:
$872.64M
CODX:
$400.11K
TRTN-PB:
$1.11B
CODX:
-$47.41M
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Return for Risk
TRTN-PB vs. CODX — Risk / Return Rank
TRTN-PB
CODX
TRTN-PB vs. CODX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Triton International Ltd (TRTN-PB) 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-PB | CODX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.25 | -0.68 | +5.92 |
| Martin ratioReturn relative to average drawdown | 15.80 | -0.87 | +16.68 |
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Drawdowns
TRTN-PB vs. CODX - Drawdown Comparison
The maximum TRTN-PB drawdown since its inception was -60.61%, smaller than the maximum CODX drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for TRTN-PB and CODX.
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Drawdown Indicators
| TRTN-PB | CODX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.61% | -99.86% | +39.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.69% | -96.60% | +94.91% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -97.68% | +92.20% |
Max Drawdown (5Y)Largest decline over 5 years | -12.03% | -99.62% | +87.59% |
Current DrawdownCurrent decline from peak | -0.27% | -99.72% | +99.45% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -76.82% | +73.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 74.70% | -74.14% |
Volatility
TRTN-PB vs. CODX - Volatility Comparison
The current volatility for Triton International Ltd (TRTN-PB) is 2.08%, while Co-Diagnostics, Inc. (CODX) has a volatility of 29.36%. This indicates that TRTN-PB 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-PB | CODX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 29.36% | -27.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.69% | 188.06% | -184.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 352.08% | -346.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.96% | 172.99% | -161.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.20% | 171.17% | -146.97% |
Dividends
TRTN-PB vs. CODX - Dividend Comparison
TRTN-PB's dividend yield for the trailing twelve months is around 7.88%, 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-PB Triton International Ltd | 7.88% | 7.93% | 7.95% | 8.02% | 8.00% | 7.30% | 7.49% | 3.51% |
Financials
TRTN-PB 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-PB and CODX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CODX has higher volatility (29.36%) compared to TRTN-PB (2.08%). In terms of maximum drawdown, TRTN-PB dropped -60.61% vs CODX's -99.86%.
TRTN-PB currently has the higher Sharpe Ratio (1.47 vs -0.19), 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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