CDXS vs BTCW
Comparison between Codexis Inc (CDXS, Company) and WisdomTree Bitcoin Fund (BTCW, Company).
CDXS vs BTCW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
Winner
CDXS
$146M
BTCW
$146M
Max Drawdown
CDXS
97.65%
Winner
BTCW
53.37%
Sharpe Ratio
Winner
CDXS
-0.44
BTCW
-1.23
5Y Beta
CDXS
1.84
BTCW
N/A
Industry
CDXS
Biotechnology
BTCW
N/A
P/E Ratio
Winner
CDXS
-4.73
BTCW
-2.76
Forward P/E
CDXS
149.25
BTCW
N/A
PEG Ratio
CDXS
13.53
BTCW
N/A
5Y EPS CAGR
CDXS
-1.80%
BTCW
N/A
Debt to Equity
CDXS
124.02%
BTCW
N/A
Free Cash Flow Yield
Winner
CDXS
-8.33%
BTCW
-40.69%
P/S Ratio
CDXS
2.20
BTCW
N/A
P/B Ratio
CDXS
3.73
BTCW
N/A
CDXS vs BTCW - Historical Returns
Returns include dividend reinvestment.
1M
CDXS
-33.04%
Winner
BTCW
+0.72%
3M
CDXS
-41.18%
Winner
BTCW
-15.95%
6M
Winner
CDXS
+28.21%
BTCW
-2.56%
1Y
CDXS
-50.00%
Winner
BTCW
-44.63%
5Y(CAGR)
CDXS
-42.21%
BTCW
N/A
10Y(CAGR)
CDXS
-9.68%
BTCW
N/A
Max(CAGR)
CDXS
-12.50%
Winner
BTCW
+13.31%
CDXS vs BTCW - Annual Returns (2010 - 2026)
Returns include dividend reinvestment.
| Year | CDXS | BTCW |
|---|---|---|
| 2026 | -6.83% | -28.20% |
| 2025 | -67.40% | -10.42% |
| 2024 | +52.88% | +100.00% |
| 2023 | -34.69% | N/A |
| 2022 | -85.41% | N/A |
| 2021 | +45.92% | N/A |
| 2020 | +32.95% | N/A |
| 2019 | -0.74% | N/A |
| 2018 | +104.91% | N/A |
| 2017 | +85.56% | N/A |
| 2016 | +9.00% | N/A |
| 2015 | +51.61% | N/A |
| 2014 | +76.22% | N/A |
| 2013 | -45.10% | N/A |
| 2012 | -59.67% | N/A |
| 2011 | -49.62% | N/A |
| 2010 | -20.06% | N/A |
CDXS vs BTCW Drawdown Comparison
The maximum drawdown for CDXS was -97.65%, occurring on Mar 3, 2026. This drawdown has not yet recovered.
The maximum drawdown for BTCW was -53.37%, occurring on Jun 30, 2026. This drawdown has not yet recovered.
The current CDXS drawdown is -96.41%. The current BTCW drawdown is -48.66%.
| Rank | CDXS | BTCW |
|---|---|---|
| #1 | -97.65% Nov 8, 2021 - Mar 3, 2026 | -53.37% Oct 6, 2025 - Jun 30, 2026 |
| #2 | -91.35% Apr 26, 2010 - May 30, 2018 | -28.33% Dec 17, 2024 - May 20, 2025 |
| #3 | -61.10% Dec 3, 2018 - Dec 22, 2020 | -27.46% Mar 13, 2024 - Nov 6, 2024 |
| #4 | -39.31% Feb 8, 2021 - Oct 7, 2021 | -15.56% Jan 11, 2024 - Feb 9, 2024 |
| #5 | -26.39% Sep 25, 2018 - Nov 28, 2018 | -12.02% Aug 13, 2025 - Oct 6, 2025 |
| #6 | -18.84% Jun 20, 2018 - Aug 27, 2018 | -8.51% Mar 4, 2024 - Mar 8, 2024 |
| #7 | -16.02% Jan 19, 2021 - Feb 2, 2021 | -8.50% May 22, 2025 - Jul 9, 2025 |
| #8 | -14.76% Oct 8, 2021 - Oct 26, 2021 | -8.45% Nov 22, 2024 - Dec 6, 2024 |
| #9 | -9.91% Dec 22, 2020 - Jan 8, 2021 | -5.87% Jul 14, 2025 - Aug 13, 2025 |
| #10 | -7.42% Jun 7, 2018 - Jun 19, 2018 | -5.35% Dec 6, 2024 - Dec 13, 2024 |
| #11 | -4.92% Jan 8, 2021 - Jan 14, 2021 | -2.51% Nov 13, 2024 - Nov 15, 2024 |
| #12 | -4.77% Sep 13, 2018 - Sep 25, 2018 | -2.01% Feb 20, 2024 - Feb 26, 2024 |
| #13 | -3.59% Oct 28, 2021 - Nov 4, 2021 | -1.71% Feb 12, 2024 - Feb 14, 2024 |
| #14 | -3.04% Aug 27, 2018 - Sep 5, 2018 | -0.95% Mar 11, 2024 - Mar 13, 2024 |
| #15 | -2.33% Jun 1, 2018 - Jun 7, 2018 | N/A |
Correlation
Correlation between CDXS and BTCW is 0.05 which considered as a very weak or no correlation - the stocks move independently of each other.
0.05
-101
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