MRSN vs SY

Comparison between Mersana Therapeutics Inc (MRSN, Company) and So-Young International Inc (SY, Company).

Both MRSN and SY are from the Healthcare sector.

5-Year PerformanceSY has outperformed MRSN, delivering a return of -21.3% compared to -42.3%

MRSN vs SY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MRSN(COMPANY)	SY(COMPANY)
Market Cap	$145M	$144M
Max Drawdown	99.13%	97.54%
Sharpe Ratio	0.58	-0.84
5Y Beta	N/A	0.89
Industry	Biotechnology	Health Information Services
P/E Ratio	-2.04	-4.16
Forward P/E	N/A	16.29
Dividend Yield	N/A	5.26%
5Y EPS CAGR	-15.54%	N/A
Debt to Equity	0.00%	2.56%
Free Cash Flow Yield	-51.16%	-10.46%
P/S Ratio	N/A	0.11
P/B Ratio	N/A	0.84

Market Cap

Winner

MRSN

$145M

$144M

Max Drawdown

MRSN

99.13%

Winner

97.54%

Sharpe Ratio

Winner

MRSN

0.58

-0.84

5Y Beta

MRSN

N/A

0.89

Industry

MRSN

Biotechnology

Health Information Services

P/E Ratio

MRSN

-2.04

Winner

-4.16

Forward P/E

MRSN

N/A

16.29

Dividend Yield

MRSN

N/A

5.26%

5Y EPS CAGR

MRSN

-15.54%

N/A

Debt to Equity

Winner

MRSN

0.00%

2.56%

Free Cash Flow Yield

MRSN

-51.16%

Winner

-10.46%

P/S Ratio

MRSN

N/A

0.11

P/B Ratio

MRSN

N/A

0.84

MRSN vs SY - Historical Returns

Returns include dividend reinvestment.

Period	MRSN	SY
1 month	+4.70%	+37.86%
3 months	+254.63%	-29.04%
6 months	+282.25%	-33.22%
1 year	-14.47%	-59.20%
5 years(CAGR)	-42.31%	-21.33%
10 years(CAGR)	-25.31%	N/A
Max(CAGR)	-25.31%	-25.09%

MRSN

+4.70%

Winner

+37.86%

Winner

MRSN

+254.63%

-29.04%

Winner

MRSN

+282.25%

-33.22%

Winner

MRSN

-14.47%

-59.20%

5Y(CAGR)

MRSN

-42.31%

Winner

-21.33%

10Y(CAGR)

MRSN

-25.31%

N/A

Max(CAGR)

MRSN

-25.31%

Winner

-25.09%

MRSN vs SY - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	MRSN	SY
2026	+0.14%	-27.72%
2025	-17.34%	+232.45%
2024	-37.00%	-27.16%
2023	-59.51%	-11.03%
2022	-9.01%	-60.67%
2021	-76.55%	-70.24%
2020	+396.46%	-8.41%
2019	+32.95%	-32.86%
2018	-76.54%	N/A
2017	+17.36%	N/A

MRSN vs SY Drawdown Comparison

The maximum drawdown for MRSN was -99.13%, occurring on Aug 11, 2025. This drawdown has not yet recovered.

The maximum drawdown for SY was -97.54%, occurring on Oct 31, 2022. This drawdown has not yet recovered.

The current MRSN drawdown is -95.78%. The current SY drawdown is -89.14%.

Rank	MRSN	SY
#1	-99.13% Dec 23, 2020 - Aug 11, 2025	-97.54% May 3, 2019 - Oct 31, 2022
#2	-93.61% May 25, 2018 - Jun 25, 2020	N/A
#3	-34.46% Sep 16, 2020 - Dec 1, 2020	N/A
#4	-31.86% Oct 3, 2017 - May 22, 2018	N/A
#5	-30.77% Jun 30, 2020 - Sep 14, 2020	N/A
#6	-14.30% Sep 11, 2017 - Sep 22, 2017	N/A
#7	-11.24% Dec 1, 2020 - Dec 21, 2020	N/A
#8	-5.21% Jun 28, 2017 - Jul 12, 2017	N/A
#9	-5.21% Sep 14, 2020 - Sep 16, 2020	N/A
#10	-4.29% Aug 21, 2017 - Aug 29, 2017	N/A
#11	-4.26% Sep 22, 2017 - Oct 2, 2017	N/A
#12	-3.25% Jul 27, 2017 - Aug 8, 2017	N/A
#13	-2.71% Jun 25, 2020 - Jun 30, 2020	N/A
#14	-2.48% Aug 14, 2017 - Aug 18, 2017	N/A
#15	-2.13% Aug 30, 2017 - Sep 11, 2017	N/A