AEVA vs. OPEN

Last updated Jun 24, 2026

AEVA (Aeva Technologies, Inc.) and OPEN (Opendoor Technologies Inc.) are both stocks. AEVA operates in Auto Parts (Consumer Cyclical), while OPEN operates in Real Estate - Services (Real Estate). Over the past 5 years, AEVA returned -16.34%/yr vs -23.99%/yr for OPEN. At a 0.44 correlation, their price movements are largely independent.

Performance

AEVA vs. OPEN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aeva Technologies, Inc. (AEVA) and Opendoor Technologies Inc. (OPEN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AEVA achieves a 77.26% return, which is significantly higher than OPEN's -27.96% return.

AEVA

• 1D: -6.85%
• 1M: -7.03%
• YTD: 77.26%
• 6M: 69.35%
• 1Y: -13.84%
• 3Y*: 58.61%
• 5Y*: -16.34%
• 10Y*: —

OPEN

• 1D: -1.87%
• 1M: -7.28%
• YTD: -27.96%
• 6M: -33.01%
• 1Y: 718.87%
• 3Y*: 13.99%
• 5Y*: -23.99%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AEVA vs. OPEN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AEVA Aeva Technologies, Inc.	77.26%	179.58%	25.38%	-44.29%	-82.01%	-48.01%	49.90%
OPEN Opendoor Technologies Inc.	-27.96%	276.52%	-64.29%	286.21%	-92.06%	-35.72%	107.58%

Correlation

The correlation between AEVA and OPEN is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020	0.44

The correlation between AEVA and OPEN shifts across timeframes, from 0.29 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AEVA : $1.48B OPEN : $4.03B
EPS AEVA : -$2.52 OPEN : -$1.74
PS Ratio AEVA : 64.74 OPEN : 0.85
Total Revenue (TTM) AEVA : $20.97M OPEN : $3.94B
Gross Profit (TTM) AEVA : $971.00K OPEN : $312.00M
EBITDA (TTM) AEVA : $21.17M OPEN : -$1.25B

Return for Risk

AEVA vs. OPEN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AEVA

AEVA Risk / Return Rank: 41
AEVA Sharpe Ratio Rank: 38
AEVA Sortino Ratio Rank: 47
AEVA Omega Ratio Rank: 45
AEVA Calmar Ratio Rank: 36
AEVA Martin Ratio Rank: 38

OPEN

OPEN Risk / Return Rank: 96
OPEN Sharpe Ratio Rank: 98
OPEN Sortino Ratio Rank: 97
OPEN Omega Ratio Rank: 94
OPEN Calmar Ratio Rank: 98
OPEN Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AEVA vs. OPEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aeva Technologies, Inc. (AEVA) and Opendoor Technologies Inc. (OPEN). 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.

	AEVA	OPEN	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	4.55	-4.67
Sortino ratio: Return per unit of downside risk	0.66	4.44	-3.78
Omega ratio: Gain probability vs. loss probability	1.08	1.51	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.18	12.35	-12.54
Martin ratio: Return relative to average drawdown	-0.25	18.67	-18.92

AEVA vs. OPEN - Sharpe Ratio Comparison

The current AEVA Sharpe Ratio is -0.12, which is lower than the OPEN Sharpe Ratio of 4.55. The chart below compares the historical Sharpe Ratios of AEVA and OPEN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AEVA vs. OPEN - Drawdown Comparison

The maximum AEVA drawdown since its inception was -97.71%, roughly equal to the maximum OPEN drawdown of -98.57%. Use the drawdown chart below to compare losses from any high point for AEVA and OPEN.

Drawdown Indicators

	AEVA	OPEN	Difference
Max Drawdown Largest peak-to-trough decline	-97.71%	-98.57%	+0.86%
Max Drawdown (1Y) Largest decline over 1 year	-75.68%	-58.75%	-16.93%
Max Drawdown (3Y) Largest decline over 3 years	-75.68%	-90.28%	+14.60%
Max Drawdown (5Y) Largest decline over 5 years	-95.98%	-97.93%	+1.95%
Current Drawdown Current decline from peak	-76.46%	-87.90%	+11.44%
Average Drawdown Average peak-to-trough decline	-70.66%	-74.63%	+3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.37%	38.79%	+17.58%

Volatility

AEVA vs. OPEN - Volatility Comparison

Aeva Technologies, Inc. (AEVA) has a higher volatility of 33.98% compared to Opendoor Technologies Inc. (OPEN) at 21.82%. This indicates that AEVA's price experiences larger fluctuations and is considered to be riskier than OPEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEVA	OPEN	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.98%	21.82%	+12.16%
Volatility (6M) Calculated over the trailing 6-month period	78.09%	51.30%	+26.79%
Volatility (1Y) Calculated over the trailing 1-year period	114.67%	159.62%	-44.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.15%	113.59%	-16.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.32%	110.13%	-18.81%

Dividends

AEVA vs. OPEN - Dividend Comparison

Neither AEVA nor OPEN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both AEVA and OPEN in my portfolio?

AEVA and OPEN have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AEVA or OPEN?

AEVA has higher volatility (33.98%) compared to OPEN (21.82%). In terms of maximum drawdown, AEVA dropped -97.71% vs OPEN's -98.57%.

Which has better risk-adjusted returns?

OPEN currently has the higher Sharpe Ratio (4.55 vs -0.12), 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.