AVNW vs. GLRE
AVNW (Aviat Networks, Inc.) and GLRE (Greenlight Capital Re, Ltd.) are both stocks. AVNW operates in Communication Equipment (Technology), while GLRE operates in Insurance - Reinsurance (Financial Services). Over the past 10 years, AVNW returned 20.58%/yr vs -1.50%/yr for GLRE. At a 0.23 correlation, their price movements are largely independent.
Performance
AVNW vs. GLRE - Performance Comparison
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Returns By Period
In the year-to-date period, AVNW achieves a -3.37% return, which is significantly lower than GLRE's 12.83% return. Over the past 10 years, AVNW has outperformed GLRE with an annualized return of 20.58%, while GLRE has yielded a comparatively lower -1.50% annualized return.
AVNW
- 1D
- 2.28%
- 1M
- 17.45%
- YTD
- -3.37%
- 6M
- -3.32%
- 1Y
- -9.66%
- 3Y*
- -12.73%
- 5Y*
- -10.01%
- 10Y*
- 20.58%
GLRE
- 1D
- 3.01%
- 1M
- -4.30%
- YTD
- 12.83%
- 6M
- 11.75%
- 1Y
- 11.68%
- 3Y*
- 18.76%
- 5Y*
- 11.91%
- 10Y*
- -1.50%
AVNW vs. GLRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVNW Aviat Networks, Inc. | -3.37% | 18.06% | -44.55% | 4.71% | -2.77% | 87.88% | 143.06% | 6.04% | -12.66% | 9.69% |
GLRE Greenlight Capital Re, Ltd. | 12.83% | 4.14% | 22.59% | 40.12% | 3.95% | 7.25% | -27.70% | 17.29% | -57.11% | -11.84% |
Correlation
The correlation between AVNW and GLRE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 24, 2007 | 0.23 |
The correlation between AVNW and GLRE shifts across timeframes, from 0.11 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AVNW:
$266.89M
GLRE:
$562.16M
AVNW:
$0.70
GLRE:
$2.37
AVNW:
29.65
GLRE:
6.95
AVNW:
0.62
GLRE:
0.80
AVNW:
0.98
GLRE:
0.76
AVNW:
$434.14M
GLRE:
$706.45M
AVNW:
$140.51M
GLRE:
$274.94M
AVNW:
$27.72M
GLRE:
$50.58M
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Return for Risk
AVNW vs. GLRE — Risk / Return Rank
AVNW
GLRE
AVNW vs. GLRE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aviat Networks, Inc. (AVNW) and Greenlight Capital Re, Ltd. (GLRE). 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.
| AVNW | GLRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.10 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 0.52 | -0.74 |
| Martin ratioReturn relative to average drawdown | -0.56 | 1.06 | -1.63 |
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Drawdowns
AVNW vs. GLRE - Drawdown Comparison
The maximum AVNW drawdown since its inception was -97.67%, which is greater than GLRE's maximum drawdown of -85.00%. Use the drawdown chart below to compare losses from any high point for AVNW and GLRE.
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Drawdown Indicators
| AVNW | GLRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.67% | -85.00% | -12.67% |
Max Drawdown (1Y)Largest decline over 1 year | -43.57% | -22.68% | -20.89% |
Max Drawdown (3Y)Largest decline over 3 years | -64.27% | -22.80% | -41.47% |
Max Drawdown (5Y)Largest decline over 5 years | -65.40% | -30.29% | -35.11% |
Max Drawdown (10Y)Largest decline over 10 years | -68.58% | -78.08% | +9.50% |
Current DrawdownCurrent decline from peak | -84.42% | -53.00% | -31.42% |
Average DrawdownAverage peak-to-trough decline | -81.24% | -42.27% | -38.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.18% | 11.00% | +6.18% |
Volatility
AVNW vs. GLRE - Volatility Comparison
Aviat Networks, Inc. (AVNW) has a higher volatility of 19.09% compared to Greenlight Capital Re, Ltd. (GLRE) at 9.25%. This indicates that AVNW's price experiences larger fluctuations and is considered to be riskier than GLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVNW | GLRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.09% | 9.25% | +9.84% |
Volatility (6M)Calculated over the trailing 6-month period | 54.91% | 19.13% | +35.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.77% | 24.86% | +33.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.32% | 26.60% | +25.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.27% | 31.79% | +23.48% |
Dividends
AVNW vs. GLRE - Dividend Comparison
Neither AVNW nor GLRE has paid dividends to shareholders.
Financials
AVNW vs. GLRE - Financials Comparison
This section allows you to compare key financial metrics between Aviat Networks, Inc. and Greenlight Capital Re, Ltd.. 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
AVNW vs. GLRE - Profitability Comparison
AVNW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aviat Networks, Inc. reported a gross profit of 29.28M and revenue of 100.00M. Therefore, the gross margin over that period was 29.3%.
GLRE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Greenlight Capital Re, Ltd. reported a gross profit of 0.00 and revenue of 189.66M. Therefore, the gross margin over that period was 0.0%.
AVNW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aviat Networks, Inc. reported an operating income of 939.00K and revenue of 100.00M, resulting in an operating margin of 0.9%.
GLRE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Greenlight Capital Re, Ltd. reported an operating income of 0.00 and revenue of 189.66M, resulting in an operating margin of 0.0%.
AVNW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aviat Networks, Inc. reported a net income of -2.07M and revenue of 100.00M, resulting in a net margin of -2.1%.
GLRE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Greenlight Capital Re, Ltd. reported a net income of 35.75M and revenue of 189.66M, resulting in a net margin of 18.9%.
Frequently Asked Questions
AVNW and GLRE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVNW has higher volatility (19.09%) compared to GLRE (9.25%). In terms of maximum drawdown, AVNW dropped -97.67% vs GLRE's -85.00%.
GLRE currently has the higher Sharpe Ratio (0.47 vs -0.17), 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.
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