WAVE vs. OPTT

Last updated Apr 2, 2026

Compare and contrast key facts about Eco Wave Power Global AB (publ) (WAVE) and Ocean Power Technologies, Inc. (OPTT).

Performance

WAVE vs. OPTT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eco Wave Power Global AB (publ) (WAVE) and Ocean Power Technologies, Inc. (OPTT). The values are adjusted to include any dividend payments, if applicable.

WAVE vs. OPTT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WAVE Eco Wave Power Global AB (publ)	7.03%	-46.92%	787.10%	-58.34%	-30.95%	-60.27%
OPTT Ocean Power Technologies, Inc.	16.10%	-70.59%	222.78%	-29.79%	-69.59%	-39.84%

Fundamentals

Market Cap WAVE : $36.50M OPTT : $680.93M
EPS WAVE : -$0.63 OPTT : -$0.02
PS Ratio WAVE : 957.69 OPTT : 172.06
PB Ratio WAVE : 6.43 OPTT : 33.90
Total Revenue (TTM) WAVE : $38.11K OPTT : $3.44M
Gross Profit (TTM) WAVE : $22.06K OPTT : -$1.94M
EBITDA (TTM) WAVE : -$2.75M OPTT : -$33.99M

Returns By Period

In the year-to-date period, WAVE achieves a 7.03% return, which is significantly lower than OPTT's 16.10% return.

WAVE

• 1D: -0.79%
• 1M: 29.94%
• YTD: 7.03%
• 6M: -25.86%
• 1Y: -5.60%
• 3Y*: 30.69%
• 5Y*: —
• 10Y*: —

OPTT

• 1D: -0.49%
• 1M: -16.35%
• YTD: 16.10%
• 6M: -31.67%
• 1Y: -12.93%
• 3Y*: -13.06%
• 5Y*: -35.42%
• 10Y*: -38.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

WAVE vs. OPTT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WAVE

WAVE Risk / Return Rank: 39
WAVE Sharpe Ratio Rank: 36
WAVE Sortino Ratio Rank: 40
WAVE Omega Ratio Rank: 39
WAVE Calmar Ratio Rank: 40
WAVE Martin Ratio Rank: 40

OPTT

OPTT Risk / Return Rank: 36
OPTT Sharpe Ratio Rank: 34
OPTT Sortino Ratio Rank: 45
OPTT Omega Ratio Rank: 42
OPTT Calmar Ratio Rank: 30
OPTT Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WAVE vs. OPTT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eco Wave Power Global AB (publ) (WAVE) and Ocean Power Technologies, Inc. (OPTT). 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.

	WAVE	OPTT	Difference
Sharpe ratio Return per unit of total volatility	-0.07	-0.12	+0.05
Sortino ratio Return per unit of downside risk	0.48	0.63	-0.15
Omega ratio Gain probability vs. loss probability	1.05	1.07	-0.02
Calmar ratio Return relative to maximum drawdown	-0.01	-0.36	+0.35
Martin ratio Return relative to average drawdown	-0.02	-0.61	+0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WAVE vs. OPTT - Sharpe Ratio Comparison

The current WAVE Sharpe Ratio is -0.07, which is higher than the OPTT Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of WAVE and OPTT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WAVE	OPTT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	-0.12	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.29	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	-0.34	+0.27

Correlation

The correlation between WAVE and OPTT is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

WAVE vs. OPTT - Dividend Comparison

Neither WAVE nor OPTT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

WAVE vs. OPTT - Drawdown Comparison

The maximum WAVE drawdown since its inception was -94.47%, smaller than the maximum OPTT drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for WAVE and OPTT.

Drawdown Indicators

	WAVE	OPTT	Difference
Max Drawdown Largest peak-to-trough decline	-94.47%	-100.00%	+5.53%
Max Drawdown (1Y) Largest decline over 1 year	-52.58%	-65.30%	+12.72%
Max Drawdown (5Y) Largest decline over 5 years	—	-95.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.95%	—
Current Drawdown Current decline from peak	-66.74%	-100.00%	+33.26%
Average Drawdown Average peak-to-trough decline	-72.73%	-98.64%	+25.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.99%	38.44%	-11.45%

Volatility

WAVE vs. OPTT - Volatility Comparison

The current volatility for Eco Wave Power Global AB (publ) (WAVE) is 27.84%, while Ocean Power Technologies, Inc. (OPTT) has a volatility of 33.85%. This indicates that WAVE experiences smaller price fluctuations and is considered to be less risky than OPTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WAVE	OPTT	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.84%	33.85%	-6.01%
Volatility (6M) Calculated over the trailing 6-month period	46.18%	85.36%	-39.18%
Volatility (1Y) Calculated over the trailing 1-year period	76.71%	108.87%	-32.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.81%	121.64%	+23.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.81%	158.30%	-13.49%

Financials