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 6.02%/yr vs -58.46%/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 4.03% return, which is significantly higher than CODX's -36.14% return.
TRTN-PB
- 1D
- -0.41%
- 1M
- 0.44%
- YTD
- 4.03%
- 6M
- 3.33%
- 1Y
- 10.70%
- 3Y*
- 8.45%
- 5Y*
- 6.02%
- 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-PB vs. CODX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRTN-PB Triton International Ltd | 4.03% | 8.50% | 9.14% | 8.21% | -1.49% | 10.25% | 6.73% | 13.02% |
CODX Co-Diagnostics, Inc. | -36.14% | -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:
$2.55B
CODX:
$4.30M
TRTN-PB:
$4.65
CODX:
-$38.06
TRTN-PB:
1.89
CODX:
6.39
TRTN-PB:
1.60
CODX:
0.21
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 | +1.90 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 6.35 | -0.60 | +6.95 |
| Martin ratioReturn relative to average drawdown | 19.37 | -0.81 | +20.18 |
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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 | -9.41% | -97.68% | +88.27% |
Max Drawdown (5Y)Largest decline over 5 years | -12.40% | -99.62% | +87.22% |
Current DrawdownCurrent decline from peak | -0.41% | -99.65% | +99.24% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -76.68% | +73.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 71.72% | -71.17% |
Volatility
TRTN-PB vs. CODX - Volatility Comparison
The current volatility for Triton International Ltd (TRTN-PB) is 1.23%, while Co-Diagnostics, Inc. (CODX) has a volatility of 101.37%. 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 | 1.23% | 101.37% | -100.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.48% | 188.94% | -185.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 351.15% | -344.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.96% | 172.80% | -160.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.28% | 171.52% | -147.24% |
Dividends
TRTN-PB vs. CODX - Dividend Comparison
TRTN-PB's dividend yield for the trailing twelve months is around 7.93%, 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 | 7.93% | 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 (101.37%) compared to TRTN-PB (1.23%). In terms of maximum drawdown, TRTN-PB dropped -60.61% vs CODX's -99.86%.
TRTN-PB currently has the higher Sharpe Ratio (1.73 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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