MLTX vs AHCO

Comparison between MoonLake Immunotherapeutics - Class A (MLTX, Company) and AdaptHealth Corp (AHCO, Company).

Both MLTX and AHCO are from the Healthcare sector.

5-Year PerformanceMLTX has outperformed AHCO, delivering a return of +13.3% compared to -18.1%

MLTX vs AHCO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MLTX(COMPANY)	AHCO(COMPANY)
Market Cap	$1.36B	$1.36B
Max Drawdown	90.22%	83.84%
Sharpe Ratio	0.60	0.32
5Y Beta	0.96	0.70
Industry	Biotechnology	Medical Devices
P/E Ratio	-5.32	-17.01
Forward P/E	N/A	12.89
PEG Ratio	-0.03	N/A
5Y EPS CAGR	N/A	-18.65%
Debt to Equity	38.98%	120.98%
Free Cash Flow Yield	-16.49%	14.13%

Market Cap

Winner

MLTX

$1.36B

AHCO

$1.36B

Max Drawdown

MLTX

90.22%

Winner

AHCO

83.84%

Sharpe Ratio

Winner

MLTX

0.60

AHCO

0.32

5Y Beta

MLTX

0.96

Winner

AHCO

0.70

Industry

MLTX

Biotechnology

AHCO

Medical Devices

P/E Ratio

MLTX

-5.32

Winner

AHCO

-17.01

Forward P/E

MLTX

N/A

AHCO

12.89

PEG Ratio

MLTX

-0.03

AHCO

N/A

5Y EPS CAGR

MLTX

N/A

AHCO

-18.65%

Debt to Equity

Winner

MLTX

38.98%

AHCO

120.98%

Free Cash Flow Yield

MLTX

-16.49%

Winner

AHCO

14.13%

MLTX vs AHCO - Historical Returns

Returns include dividend reinvestment.

Period	MLTX	AHCO
1 month	+5.94%	+3.52%
3 months	+2.53%	-17.98%
6 months	+32.98%	-5.93%
1 year	-59.21%	+4.83%
5 years(CAGR)	+13.27%	-18.13%
10 years(CAGR)	N/A	+0.36%
Max(CAGR)	+11.03%	+0.36%

Winner

MLTX

+5.94%

AHCO

+3.52%

Winner

MLTX

+2.53%

AHCO

-17.98%

Winner

MLTX

+32.98%

AHCO

-5.93%

MLTX

-59.21%

Winner

AHCO

+4.83%

5Y(CAGR)

Winner

MLTX

+13.27%

AHCO

-18.13%

10Y(CAGR)

MLTX

N/A

AHCO

+0.36%

Max(CAGR)

Winner

MLTX

+11.03%

AHCO

+0.36%

MLTX vs AHCO - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	MLTX	AHCO
2026	+59.58%	+3.31%
2025	-75.40%	+2.68%
2024	-9.07%	+31.13%
2023	+447.76%	-62.31%
2022	+5.85%	-19.75%
2021	-8.76%	-31.68%
2020	+8.39%	+241.77%
2019	N/A	+11.59%
2018	N/A	+1.34%

MLTX vs AHCO Drawdown Comparison

The maximum drawdown for MLTX was -90.22%, occurring on Sep 29, 2025. This drawdown has not yet recovered.

The maximum drawdown for AHCO was -83.84%, occurring on Dec 20, 2023. This drawdown has not yet recovered.

The current MLTX drawdown is -70.14%. The current AHCO drawdown is -75.12%.

Rank	MLTX	AHCO
#1	-90.22% Feb 12, 2024 - Sep 29, 2025	-83.84% Feb 1, 2021 - Dec 20, 2023
#2	-64.60% Apr 5, 2022 - Feb 7, 2023	-38.02% Mar 5, 2020 - Apr 2, 2020
#3	-41.80% Oct 5, 2023 - Dec 27, 2023	-27.08% Jun 22, 2020 - Aug 5, 2020
#4	-25.65% Feb 18, 2021 - Apr 5, 2022	-23.57% Aug 12, 2020 - Oct 8, 2020
#5	-19.79% Mar 8, 2023 - Apr 24, 2023	-21.34% Jul 8, 2019 - Dec 12, 2019
#6	-18.38% Jul 28, 2023 - Oct 5, 2023	-19.50% Apr 2, 2020 - Jun 22, 2020
#7	-15.06% Dec 27, 2023 - Feb 9, 2024	-14.07% Dec 13, 2019 - Jan 21, 2020
#8	-14.12% Apr 24, 2023 - May 4, 2023	-12.04% Dec 22, 2020 - Feb 1, 2021
#9	-12.27% Jun 9, 2023 - Jun 26, 2023	-9.29% Oct 19, 2020 - Nov 3, 2020
#10	-7.95% Jul 19, 2023 - Jul 26, 2023	-8.38% Dec 10, 2020 - Dec 21, 2020
#11	-7.48% Jul 5, 2023 - Jul 14, 2023	-5.64% Dec 8, 2020 - Dec 10, 2020
#12	-5.83% Oct 22, 2020 - Dec 1, 2020	-5.00% Nov 5, 2020 - Dec 1, 2020
#13	-5.45% May 10, 2023 - May 25, 2023	-4.38% Feb 20, 2020 - Mar 4, 2020
#14	-5.45% Dec 31, 2020 - Jan 8, 2021	-3.55% Dec 2, 2020 - Dec 7, 2020
#15	-4.78% Jan 8, 2021 - Feb 11, 2021	-2.04% Jun 21, 2018 - Nov 14, 2018

Correlation

Correlation between MLTX and AHCO is -0.63 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.63

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