Eupraxia Pharmaceuticals (EPRX)
Market Price (8/25/2026): $7.14 | Market Cap: $472.8 MilSector: Health Care | Industry: Biotechnology
Eupraxia Pharmaceuticals (EPRX)
Market Price (8/25/2026): $7.14Market Cap: $472.8 MilSector: Health CareIndustry: Biotechnology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -27% Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease, and Precision Medicine. Themes include Chronic Pain Management, and Targeted Therapies. | Weak multi-year price returns3Y Excs Rtn is -42% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.99 | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -57 Mil Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -15% Key risksEPRX key risks include [1] its dependence on external financing as a pre-revenue company and [2] uncertain market adoption of its proprietary DiffuSphere™ delivery technology. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -27% |
| Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease, and Precision Medicine. Themes include Chronic Pain Management, and Targeted Therapies. |
| Weak multi-year price returns3Y Excs Rtn is -42% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.99 |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -57 Mil |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -15% |
| Key risksEPRX key risks include [1] its dependence on external financing as a pre-revenue company and [2] uncertain market adoption of its proprietary DiffuSphere™ delivery technology. |
Qualitative Assessment
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Eupraxia Pharmaceuticals (EPRX) stock has lost about 5% since 4/30/2026 because of the following key factors:
1. Eupraxia Pharmaceuticals experienced significantly widened operating losses in fiscal Q2 2026, which ended June 30, 2026. The company reported a net loss of $14.5 million, a substantial increase from the $8.7 million net loss in fiscal Q2 2025. This increase was primarily driven by higher research and development (R&D) and general and administrative (G&A) expenses, mainly attributed to the expansion of its RESOLVE Part 2 trial in eosinophilic esophagitis (EoE). For the six months ended June 30, 2026, the net loss similarly broadened to $27.1 million, compared to $15.5 million in the prior year, with R&D spending rising to $24.0 million and G&A expenses to $10.1 million.
2. The company missed its fiscal Q1 2026 earnings per share (EPS) estimates. Eupraxia Pharmaceuticals reported an EPS of -$0.23 for fiscal Q1 2026, which was released on May 12, 2026, missing analysts' consensus estimates of -$0.22 per share by $0.01. This slight miss contributed to negative investor sentiment.
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Eupraxia Pharmaceuticals (EPRX) stock has lost about 5% since 4/30/2026 because of the following key factors:
1. Eupraxia Pharmaceuticals experienced significantly widened operating losses in fiscal Q2 2026, which ended June 30, 2026. The company reported a net loss of $14.5 million, a substantial increase from the $8.7 million net loss in fiscal Q2 2025. This increase was primarily driven by higher research and development (R&D) and general and administrative (G&A) expenses, mainly attributed to the expansion of its RESOLVE Part 2 trial in eosinophilic esophagitis (EoE). For the six months ended June 30, 2026, the net loss similarly broadened to $27.1 million, compared to $15.5 million in the prior year, with R&D spending rising to $24.0 million and G&A expenses to $10.1 million.
2. The company missed its fiscal Q1 2026 earnings per share (EPS) estimates. Eupraxia Pharmaceuticals reported an EPS of -$0.23 for fiscal Q1 2026, which was released on May 12, 2026, missing analysts' consensus estimates of -$0.22 per share by $0.01. This slight miss contributed to negative investor sentiment.
3. Despite positive clinical data and strong liquidity, the inherent risks of a pre-revenue biotechnology company and ongoing capital burn likely weighed on the stock. While Eupraxia announced positive 36-week data from its RESOLVE trial in EoE on April 21, 2026, demonstrating improved inflammation and 66% symptom remission in the highest-dose cohort, and strengthened its liquidity with a $58.6 million net equity offering in February 2026, the company remains pre-revenue with an accumulated deficit of $196.7 million as of June 30, 2026. The expanded clinical trial, while a positive operational step, directly resulted in increased expenses, highlighting the continued capital intensity and dependence on future financing for a company without product revenue, thus limiting significant upward momentum.
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Stock Movement Drivers
Fundamental Drivers
The -6.7% change in EPRX stock from 4/30/2026 to 8/24/2026 was primarily driven by a -22.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302026 | 8242026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.80 | 7.28 | -6.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 51 | 66 | -22.5% |
| Cumulative Contribution | 0.0% |
Market Drivers
4/30/2026 to 8/24/2026| Return | Correlation | |
|---|---|---|
| EPRX | -6.7% | |
| Market (SPY) | 6.2% | 31.3% |
| Sector (XLV) | 19.7% | 0.2% |
Fundamental Drivers
The -12.1% change in EPRX stock from 1/31/2026 to 8/24/2026 was primarily driven by a -44.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312026 | 8242026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.28 | 7.28 | -12.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 37 | 66 | -44.3% |
| Cumulative Contribution | 0.0% |
Market Drivers
1/31/2026 to 8/24/2026| Return | Correlation | |
|---|---|---|
| EPRX | -12.1% | |
| Market (SPY) | 10.6% | 35.7% |
| Sector (XLV) | 13.4% | 7.3% |
Fundamental Drivers
The 34.8% change in EPRX stock from 7/31/2025 to 8/24/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 8242026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.40 | 7.28 | 34.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 36 | 66 | -46.1% |
| Cumulative Contribution | 0.0% |
Market Drivers
7/31/2025 to 8/24/2026| Return | Correlation | |
|---|---|---|
| EPRX | 34.8% | |
| Market (SPY) | 21.8% | 30.8% |
| Sector (XLV) | 35.7% | 6.0% |
Fundamental Drivers
The 31.9% change in EPRX stock from 7/31/2023 to 8/24/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312023 | 8242026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.52 | 7.28 | 31.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| P/S Multiple | ∞ | ∞ | 0.0% |
| Shares Outstanding (Mil) | 22 | 66 | -67.2% |
| Cumulative Contribution | 0.0% |
Market Drivers
7/31/2023 to 8/24/2026| Return | Correlation | |
|---|---|---|
| EPRX | 31.9% | |
| Market (SPY) | 72.7% | 16.7% |
| Sector (XLV) | 36.3% | 9.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EPRX Return | -18% | 17% | 55% | -24% | 138% | -11% | 141% |
| Peers Return | -7% | 32% | 41% | -1% | 13% | 5% | 101% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| EPRX Win Rate | 40% | 17% | 42% | 33% | 50% | 38% | |
| Peers Win Rate | 42% | 67% | 58% | 50% | 83% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| EPRX Max Drawdown | - | -63% | -42% | -58% | -32% | -36% | |
| Peers Max Drawdown | -27% | -19% | -12% | -23% | -29% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VRTX, APMD, ATTO, BLSM, BRVE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/24/2026 (YTD)
How Low Can It Go
| Event | EPRX | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -12.9% | -18.8% |
| % Gain to Breakeven | 14.9% | 23.1% |
| Time to Breakeven | 17 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -14.3% | -7.8% |
| % Gain to Breakeven | 16.7% | 8.5% |
| Time to Breakeven | 43 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -32.6% | -9.5% |
| % Gain to Breakeven | 48.3% | 10.5% |
| Time to Breakeven | 692 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -34.0% | -24.5% |
| % Gain to Breakeven | 51.5% | 32.4% |
| Time to Breakeven | 126 days | 427 days |
In The Past
Eupraxia Pharmaceuticals's stock fell -12.9% during the 2025 US Tariff Shock. Such a loss loss requires a 14.9% gain to breakeven.
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| Event | EPRX | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -32.6% | -9.5% |
| % Gain to Breakeven | 48.3% | 10.5% |
| Time to Breakeven | 692 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -34.0% | -24.5% |
| % Gain to Breakeven | 51.5% | 32.4% |
| Time to Breakeven | 126 days | 427 days |
In The Past
Eupraxia Pharmaceuticals's stock fell -12.9% during the 2025 US Tariff Shock. Such a loss loss requires a 14.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Eupraxia Pharmaceuticals (EPRX)
Eupraxia Pharmaceuticals Inc. (EPRX) is a clinical-stage biotechnology company focused on the discovery, development, and marketing of innovative technologies in the biotechnology sector. Headquartered in Victoria, Canada, the company's business model centers on advancing a pipeline of novel product candidates through clinical trials to address significant unmet medical needs across various disease areas.
The company's main product candidates are EP-104IAR, which is currently in a Phase III clinical trial for the treatment and pain relief associated with knee osteoarthritis. Another key candidate, EP-104GI, is in a Phase II clinical trial targeting eosinophilic esophagitis. Eupraxia also has EP-104 in preclinical studies for other inflammatory joint conditions, benign structures of the esophagus, and epidural delivery. Additionally, the company is actively developing product candidates within the oncology space.
Eupraxia Pharmaceuticals aims to serve patients globally who suffer from chronic and debilitating conditions. Its primary customer base includes individuals seeking relief from knee osteoarthritis pain, as well as those affected by eosinophilic esophagitis and various other inflammatory joint conditions. With its expansion into oncology, the company is also targeting the market for cancer treatments, positioning itself within the pharmaceutical sector focused on pain management, gastrointestinal disorders, inflammatory diseases, and cancer.
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1. Think of it as an early-stage Amgen or Vertex Pharmaceuticals, intensely focused on developing new drugs for conditions like pain relief and inflammatory diseases, with its candidates currently in clinical trials.
2. It's an aspiring Regeneron Pharmaceuticals, with a pipeline of innovative drug candidates for conditions such as knee osteoarthritis and eosinophilic esophagitis, currently undergoing clinical trials.
3. A focused drug development company aiming for breakthroughs in specific disease areas like pain and inflammation, much like Vertex Pharmaceuticals became known for its work in cystic fibrosis, but currently with products in clinical trials.
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- EP-104IAR: A product candidate in Phase III clinical trial for pain relief in knee osteoarthritis and other unmet medical needs.
- EP-104GI: A product candidate in Phase II clinical trial for the treatment of eosinophilic esophagitis.
- EP-104: A product candidate under preclinical studies for inflammatory joint conditions, benign structures of the esophagus, and epidural delivery.
- Oncology product candidates: Various product candidates currently under development for oncology.
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Eupraxia Pharmaceuticals Inc. (EPRX) is a clinical-stage biotechnology company focused on the discovery, development, and marketing of drug candidates. As such, its lead product candidates are currently in various phases of clinical trials (Phase III, Phase II, and preclinical studies) and have not yet received regulatory approval for commercialization.
Therefore, Eupraxia Pharmaceuticals Inc. does not currently have major commercial customers, as its products are still under development and are not yet available for sale to other companies or individuals.
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Dr. James A. Helliwell, M.D., Chief Executive Officer and Director
Dr. James A. Helliwell co-founded Eupraxia Pharmaceuticals Inc. in 2012. Before co-founding Eupraxia, he was a cardiothoracic anesthesiologist. He is also an angel investor in two startups.
Alexander Rothwell, Chief Financial Officer
Alexander Rothwell was re-appointed as Chief Financial Officer of Eupraxia Pharmaceuticals in February 2025, having previously served in the role from 2018-2021. He possesses over 25 years of experience in Canadian capital markets and investment banking, beginning his career in 1995 in institutional equities and merger arbitrage. His past leadership roles include President and Executive Director of Macquarie Capital Markets Canada. Most recently, he was a Senior Advisor to Fort Capital Partners, a Canadian boutique investment bank.
Dr. Amanda Malone, Chief Scientific Officer and Chief Operating Officer
Dr. Amanda Malone co-founded Eupraxia Pharmaceuticals Inc. with Dr. Helliwell in 2012. She was instrumental in establishing the company's research, manufacturing, quality, non-clinical, regulatory, intellectual property, and clinical functions. Dr. Malone holds a PhD in biomedical engineering and is an inventor on six patent families that have led to over 70 patents and patent applications.
Paul Brennan, Chief Business Officer
Paul Brennan serves as the Chief Business Officer for Eupraxia Pharmaceuticals Inc.
Dr. Mark Kowalski, M.D., Pd.D., Chief Medical Officer
Dr. Mark Kowalski is the Chief Medical Officer at Eupraxia Pharmaceuticals Inc.
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Clinical Trial Failure
The most critical risk for Eupraxia Pharmaceuticals is the potential for its clinical trials to fail. The company's lead product candidates, EP-104IAR and EP-104GI, are currently in Phase III and Phase II clinical trials, respectively. There is a risk that these trials may "fail to demonstrate adequately the safety and efficacy of its product candidates at any stage of clinical development". Furthermore, trials could be "required to suspend or discontinue [...] due to side effects or other safety risks". The success of these trials is paramount to the company's future and its ability to bring any product to market.
Regulatory Approval Risk
Following successful clinical trials, Eupraxia Pharmaceuticals faces the substantial risk of not obtaining regulatory approval for its product candidates. Even with positive trial data, "future technology will require regulatory approval, which is costly and the Company may not be able to obtain it". The company may "fail to obtain regulatory approvals or only obtain approvals for limited uses or indications," which could significantly restrict market potential and profitability.
Need for Additional Financing and Capital Requirements
As a clinical-stage biotechnology company without revenue-generating products, Eupraxia Pharmaceuticals has a "limited operating history" and relies heavily on external funding to finance its extensive and costly research and development activities and clinical trials. There is a continuous "risk that additional financing [...] may not be available" when needed. Past reports have indicated concerns about its "cash burn" and cash runway, highlighting the ongoing challenge of securing sufficient capital to sustain operations and advance its pipeline.
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EP-104IAR (pain relief for knee osteoarthritis)
- Global market size: USD 6.7 billion in 2024, projected to reach USD 14.3 billion by 2034.
- U.S. market size: USD 2.6 billion in 2024.
EP-104GI (eosinophilic esophagitis)
- Global market size: USD 366.2 million in 2024, projected to reach USD 5.6 billion by 2034.
- U.S. market size: USD 151.3 million in 2024.
EP-104 (other inflammatory joint conditions)
- Global arthritis market size: Approximately USD 59.0 billion in 2024 (derived from the global anti-inflammatory market where arthritis held a 48.2% share).
- U.S. arthritis market size: USD 41.77 billion in 2024.
EP-104 (benign strictures of the esophagus)
- null
EP-104 (epidural delivery)
- Global epidural and spinal anesthesia drug market size: USD 1.25 billion in 2025, projected to grow to USD 1.76 billion by 2034.
- U.S. epidural and spinal anesthesia drug market size: Approximately USD 1.0 billion in 2025 (representing over 80% of the global market).
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Share Issuance
- Eupraxia Pharmaceuticals closed a public offering in February 2026, issuing 7,607,145 common shares at US$7.00 per share and 1,428,571 pre-funded warrants at US$6.99999 per pre-funded warrant, raising approximately US$63.2 million in gross proceeds.
- In September 2025, the company completed a public offering of 14,636,363 common shares at US$5.50 per share, generating approximately US$80.5 million in gross proceeds.
- A non-brokered private placement was completed in October 2024, involving the issuance of 8,905,638 Series 1 Preferred shares at C$5.00 per share, resulting in aggregate gross proceeds of C$44,528,190.
Inbound Investments
- Eupraxia Pharmaceuticals completed a non-brokered private placement in October 2024, raising C$44.5 million from Series 1 Preferred shares. In connection with this private placement, Mr. Joseph Freedman, a private equity investor, was appointed to the company's board of directors.
Capital Expenditures
- For the last 12 months, capital expenditures were approximately -$588,947.
- In the fiscal year 2023, capital expenditures amounted to $99.03K.
- The company indicates that proceeds from recent offerings may be used, in part, for capital expenditures, alongside general corporate and administrative expenses, to support future growth and intellectual property expansion.
Peer Outperformance in Biotechnology
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care Distributors | 7 | 11.5% | 85.0% | 132.2% | CAH 400% · MCK 348% · COR 189% |
| Health Care Services | 20 | 20.9% | 46.0% | 3.9% | HIMS 314% · RDNT 146% · DGX 80% |
| Managed Health Care | 8 | 32.1% | -1.6% | 3.5% | OSCR 143% · HQY 64% · ELV 16% |
| Health Care Facilities | 24 | 7.9% | -2.8% | -17.5% | THC 278% · NHC 257% · ENSG 125% |
| Health Care Equipment | 50 | -2.9% | -6.1% | -21.0% | POCI 10987% · UFPT 367% · GKOS 253% |
| Health Care Supplies | 12 | 34.1% | -12.7% | -32.6% | LNTH 301% · HAE 81% · MMSI 30% |
| Pharmaceuticals | 63 | 4.3% | 6.4% | -37.4% | LQDA 2532% · INDV 1260% · ETON 1176% |
| Life Sciences Tools & Services | 108 | -3.6% | -28.4% | -72.7% | SNWV 1827% · ELMD 249% · MEDP 243% |
| Health Care Technology | 21 | -21.8% | -55.6% | -74.4% | SPOK 125% · HSTM -1% · VEEV -24% |
| Biotechnology ← | 365 | 7.1% | -26.0% | -78.7% | BRTX 106500% · CELZ 1629% · DNTH 1519% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 23.12 |
| Mkt Cap | 69.7 |
| Rev LTM | 6,294 |
| Op Inc LTM | 2,360 |
| FCF LTM | 1,879 |
| FCF 3Y Avg | 963 |
| CFO LTM | 2,128 |
| CFO 3Y Avg | 1,184 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.2% |
| Rev Chg 3Y Avg | 9.8% |
| Rev Chg Q | 12.5% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Inc Chg LTM | 1,201.0% |
| Op Inc Chg 3Y Avg | 371.6% |
| Op Mgn LTM | 37.9% |
| Op Mgn 3Y Avg | 23.9% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 34.1% |
| CFO/Rev 3Y Avg | 19.6% |
| FCF/Rev LTM | 30.2% |
| FCF/Rev 3Y Avg | 15.7% |
Price Behavior
| Market Price | $7.28 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 08/03/2021 | |
| Distance from 52W High | -19.7% | |
| 50 Days | 200 Days | |
| DMA Price | $6.47 | $7.07 |
| DMA Trend | up | down |
| Distance from DMA | 12.5% | 3.0% |
| 3M | 1YR | |
| Volatility | 55.7% | 62.2% |
| Downside Capture | 77.97 | 155.19 |
| Upside Capture | 80.93 | 161.22 |
| Correlation (SPY) | 33.9% | 31.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.26 | 1.34 | 1.54 | 1.50 | 1.50 | 0.66 |
| Up Beta | 5.00 | 2.59 | 2.01 | 1.98 | 1.49 | 0.35 |
| Down Beta | 0.33 | 1.66 | 1.11 | 1.35 | 1.26 | 0.57 |
| Up Capture | 19% | 52% | 93% | 98% | 208% | 61% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 9 | 20 | 28 | 56 | 120 | 285 |
| Down Capture | 70% | 112% | 196% | 157% | 137% | 99% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 13 | 23 | 35 | 69 | 128 | 311 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EPRX | |
|---|---|---|---|---|
| EPRX | 40.1% | 61.9% | 0.78 | - |
| Sector ETF (XLV) | 29.3% | 16.0% | 1.41 | 6.0% |
| Equity (SPY) | 21.2% | 12.9% | 1.23 | 30.7% |
| Gold (GLD) | 39.0% | 28.8% | 1.14 | 32.4% |
| Commodities (DBC) | 40.9% | 20.2% | 1.58 | 4.3% |
| Real Estate (VNQ) | 13.9% | 13.8% | 0.70 | 11.2% |
| Bitcoin (BTCUSD) | -30.4% | 44.2% | -0.69 | 13.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EPRX | |
|---|---|---|---|---|
| EPRX | 3.8% | 70.4% | 0.40 | - |
| Sector ETF (XLV) | 6.9% | 15.1% | 0.27 | 10.6% |
| Equity (SPY) | 12.8% | 17.2% | 0.57 | 15.7% |
| Gold (GLD) | 20.6% | 18.6% | 0.90 | 13.5% |
| Commodities (DBC) | 10.2% | 19.6% | 0.41 | 2.2% |
| Real Estate (VNQ) | 2.4% | 18.9% | 0.02 | 15.5% |
| Bitcoin (BTCUSD) | 11.2% | 52.8% | 0.40 | 8.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EPRX | |
|---|---|---|---|---|
| EPRX | 1.9% | 70.4% | 0.40 | - |
| Sector ETF (XLV) | 10.7% | 16.7% | 0.52 | 10.6% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 15.7% |
| Gold (GLD) | 12.9% | 16.3% | 0.65 | 13.5% |
| Commodities (DBC) | 7.8% | 18.1% | 0.35 | 2.2% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 15.5% |
| Bitcoin (BTCUSD) | 63.1% | 66.2% | 1.03 | 8.6% |
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Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Investor Activity (13F)
Updated Aug 25, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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