XGN vs. PPIH
XGN (Exagen Inc.) and PPIH (Perma-Pipe International Holdings, Inc.) are both stocks. XGN operates in Diagnostics & Research (Healthcare), while PPIH operates in Building Products & Equipment (Industrials). Over the past 5 years, XGN returned -19.85%/yr vs 29.61%/yr for PPIH. At a 0.07 correlation, their price movements are largely independent.
Performance
XGN vs. PPIH - Performance Comparison
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Returns By Period
In the year-to-date period, XGN achieves a -27.80% return, which is significantly lower than PPIH's -16.27% return.
XGN
- 1D
- 3.29%
- 1M
- 3.29%
- 6M
- -6.40%
- YTD
- -27.80%
- 1Y
- -38.86%
- 3Y*
- 17.66%
- 5Y*
- -19.85%
- 10Y*
- —
PPIH
- 1D
- -0.51%
- 1M
- -6.92%
- 6M
- -21.78%
- YTD
- -16.27%
- 1Y
- 12.38%
- 3Y*
- 44.13%
- 5Y*
- 29.61%
- 10Y*
- 12.63%
XGN vs. PPIH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XGN Exagen Inc. | -27.80% | 48.29% | 106.03% | -17.08% | -79.36% | -11.89% | -48.03% | 51.19% |
PPIH Perma-Pipe International Holdings, Inc. | -16.27% | 103.08% | 88.36% | -16.01% | 8.87% | 42.53% | -35.07% | 3.99% |
Correlation
The correlation between XGN and PPIH is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019 | 0.07 |
The correlation between XGN and PPIH shifts across timeframes, from 0.07 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
XGN:
$106.06M
PPIH:
$206.56M
XGN:
-$0.89
PPIH:
$1.70
XGN:
1.46
PPIH:
0.97
XGN:
7.26
PPIH:
2.27
XGN:
$68.38M
PPIH:
$214.44M
XGN:
$39.88M
PPIH:
$67.40M
XGN:
-$15.91M
PPIH:
$30.14M
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Return for Risk
XGN vs. PPIH — Risk / Return Rank
XGN
PPIH
XGN vs. PPIH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Exagen Inc. (XGN) and Perma-Pipe International Holdings, Inc. (PPIH). 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.
| XGN | PPIH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.09 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.40 | -0.90 |
| Martin ratioReturn relative to average drawdown | -0.75 | 0.80 | -1.55 |
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Drawdowns
XGN vs. PPIH - Drawdown Comparison
The maximum XGN drawdown since its inception was -95.22%, which is greater than PPIH's maximum drawdown of -58.53%. Use the drawdown chart below to compare losses from any high point for XGN and PPIH.
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Drawdown Indicators
| XGN | PPIH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.22% | -58.53% | -36.69% |
Max Drawdown (1Y)Largest decline over 1 year | -77.84% | -31.45% | -46.39% |
Max Drawdown (3Y)Largest decline over 3 years | -77.84% | -45.77% | -32.07% |
Max Drawdown (5Y)Largest decline over 5 years | -90.58% | -58.53% | -32.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.53% | — |
Current DrawdownCurrent decline from peak | -84.59% | -27.97% | -56.62% |
Average DrawdownAverage peak-to-trough decline | -71.02% | -20.60% | -50.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.01% | 15.44% | +36.57% |
Volatility
XGN vs. PPIH - Volatility Comparison
Exagen Inc. (XGN) has a higher volatility of 22.22% compared to Perma-Pipe International Holdings, Inc. (PPIH) at 11.26%. This indicates that XGN's price experiences larger fluctuations and is considered to be riskier than PPIH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGN | PPIH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.22% | 11.26% | +10.96% |
Volatility (6M)Calculated over the trailing 6-month period | 59.76% | 40.45% | +19.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.06% | 63.06% | +9.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.35% | 57.95% | +25.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.36% | 47.38% | +40.98% |
Dividends
XGN vs. PPIH - Dividend Comparison
Neither XGN nor PPIH has paid dividends to shareholders.
Financials
XGN vs. PPIH - Financials Comparison
This section allows you to compare key financial metrics between Exagen Inc. and Perma-Pipe International Holdings, 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
XGN vs. PPIH - Profitability Comparison
XGN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Exagen Inc. reported a gross profit of 10.21M and revenue of 17.31M. Therefore, the gross margin over that period was 59.0%.
PPIH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Perma-Pipe International Holdings, Inc. reported a gross profit of 14.64M and revenue of 50.27M. Therefore, the gross margin over that period was 29.1%.
XGN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Exagen Inc. reported an operating income of -3.41M and revenue of 17.31M, resulting in an operating margin of -19.7%.
PPIH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Perma-Pipe International Holdings, Inc. reported an operating income of 4.64M and revenue of 50.27M, resulting in an operating margin of 9.2%.
XGN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Exagen Inc. reported a net income of -3.97M and revenue of 17.31M, resulting in a net margin of -22.9%.
PPIH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Perma-Pipe International Holdings, Inc. reported a net income of 1.80M and revenue of 50.27M, resulting in a net margin of 3.6%.
Frequently Asked Questions
XGN and PPIH have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XGN has higher volatility (22.22%) compared to PPIH (11.26%). In terms of maximum drawdown, XGN dropped -95.22% vs PPIH's -58.53%.
PPIH currently has the higher Sharpe Ratio (0.20 vs -0.54), 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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