AVDX vs. ENV
AVDX (AvidXchange Holdings, Inc.) and ENV (Envestnet, Inc.) are both stocks. Both are in the Technology sector — AVDX in Software - Infrastructure, ENV in Software - Application. At a 0.31 correlation, their price movements are largely independent.
Performance
AVDX vs. ENV - Performance Comparison
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Returns By Period
AVDX
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENV
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVDX vs. ENV - Yearly Performance Comparison
| 2025 (YTD) | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
AVDX AvidXchange Holdings, Inc. | -3.29% | -16.55% | 24.65% | -34.00% | -39.62% |
ENV Envestnet, Inc. | 0.00% | 27.50% | -19.74% | -22.23% | -3.92% |
Correlation
The correlation between AVDX and ENV is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.31 |
Over the past year, the correlation between AVDX and ENV has dropped to 0.06 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
AVDX:
$446.72M
ENV:
$1.34B
AVDX:
$323.96M
ENV:
$911.20M
AVDX:
$36.84M
ENV:
-$92.97M
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Return for Risk
AVDX vs. ENV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AvidXchange Holdings, Inc. (AVDX) and Envestnet, Inc. (ENV). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
AVDX vs. ENV - Drawdown Comparison
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Volatility
AVDX vs. ENV - Volatility Comparison
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Dividends
AVDX vs. ENV - Dividend Comparison
Neither AVDX nor ENV has paid dividends to shareholders.
Financials
AVDX vs. ENV - Financials Comparison
This section allows you to compare key financial metrics between AvidXchange Holdings, Inc. and Envestnet, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
AVDX and ENV have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for AVDX and ENV
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