AXTA vs. CVEO

Last updated Jun 4, 2026

AXTA (Axalta Coating Systems Ltd.) and CVEO (Civeo Corporation) are both stocks. AXTA operates in Specialty Chemicals (Basic Materials), while CVEO operates in Specialty Business Services (Industrials). Over the past 10 years, AXTA returned 1.16%/yr vs 4.41%/yr for CVEO. At a 0.24 correlation, their price movements are largely independent.

Performance

AXTA vs. CVEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Axalta Coating Systems Ltd. (AXTA) and Civeo Corporation (CVEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AXTA achieves a -3.50% return, which is significantly lower than CVEO's 49.54% return. Over the past 10 years, AXTA has underperformed CVEO with an annualized return of 1.16%, while CVEO has yielded a comparatively higher 4.41% annualized return.

AXTA

• 1D: 2.63%
• 1M: 16.82%
• YTD: -3.50%
• 6M: 3.93%
• 1Y: 1.73%
• 3Y*: -0.27%
• 5Y*: -0.89%
• 10Y*: 1.16%

CVEO

• 1D: -1.64%
• 1M: 11.26%
• YTD: 49.54%
• 6M: 54.82%
• 1Y: 54.89%
• 3Y*: 19.89%
• 5Y*: 15.70%
• 10Y*: 4.41%

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

AXTA vs. CVEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AXTA Axalta Coating Systems Ltd.	-3.50%	-5.58%	0.74%	33.37%	-23.10%	16.01%	-6.09%	29.80%	-27.63%	18.97%
CVEO Civeo Corporation	49.54%	1.59%	3.58%	-24.85%	62.23%	37.91%	-10.21%	-9.79%	-47.62%	24.09%

Correlation

The correlation between AXTA and CVEO 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	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014	0.24

Fundamentals

EPS AXTA : $1.71 CVEO : -$1.48
PS Ratio AXTA : 1.32 CVEO : 0.49
Total Revenue (TTM) AXTA : $5.11B CVEO : $667.47M
Gross Profit (TTM) AXTA : $1.23B CVEO : $49.04M
EBITDA (TTM) AXTA : $922.00M CVEO : $73.11M

Return for Risk

AXTA vs. CVEO — Risk / Return Rank

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

AXTA

AXTA Risk / Return Rank: 40
AXTA Sharpe Ratio Rank: 43
AXTA Sortino Ratio Rank: 37
AXTA Omega Ratio Rank: 36
AXTA Calmar Ratio Rank: 42
AXTA Martin Ratio Rank: 42

CVEO

CVEO Risk / Return Rank: 82
CVEO Sharpe Ratio Rank: 85
CVEO Sortino Ratio Rank: 82
CVEO Omega Ratio Rank: 81
CVEO Calmar Ratio Rank: 80
CVEO Martin Ratio Rank: 83

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.

AXTA vs. CVEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axalta Coating Systems Ltd. (AXTA) and Civeo Corporation (CVEO). 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.

	AXTA	CVEO	Difference
Sharpe ratio Return per unit of total volatility	0.06	1.75	-1.70
Sortino ratio Return per unit of downside risk	0.32	2.46	-2.14
Omega ratio Gain probability vs. loss probability	1.04	1.32	-0.28
Calmar ratio Return relative to maximum drawdown	0.06	2.70	-2.64
Martin ratio Return relative to average drawdown	0.14	7.67	-7.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AXTA vs. CVEO - Sharpe Ratio Comparison

The current AXTA Sharpe Ratio is 0.06, which is lower than the CVEO Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of AXTA and CVEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AXTA	CVEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	1.75	-1.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.40	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.04	0.07	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	-0.22	+0.33

Drawdowns

AXTA vs. CVEO - Drawdown Comparison

The maximum AXTA drawdown since its inception was -63.60%, smaller than the maximum CVEO drawdown of -98.72%. Use the drawdown chart below to compare losses from any high point for AXTA and CVEO.

Drawdown Indicators

	AXTA	CVEO	Difference
Max Drawdown Largest peak-to-trough decline	-63.60%	-98.72%	+35.12%
Max Drawdown (1Y) Largest decline over 1 year	-28.48%	-20.41%	-8.07%
Max Drawdown (3Y) Largest decline over 3 years	-38.39%	-33.24%	-5.15%
Max Drawdown (5Y) Largest decline over 5 years	-38.39%	-50.41%	+12.02%
Max Drawdown (10Y) Largest decline over 10 years	-63.60%	-92.28%	+28.68%
Current Drawdown Current decline from peak	-24.49%	-88.87%	+64.38%
Average Drawdown Average peak-to-trough decline	-21.72%	-89.32%	+67.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.12%	7.18%	+4.94%

Volatility

AXTA vs. CVEO - Volatility Comparison

The current volatility for Axalta Coating Systems Ltd. (AXTA) is 10.24%, while Civeo Corporation (CVEO) has a volatility of 11.65%. This indicates that AXTA experiences smaller price fluctuations and is considered to be less risky than CVEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXTA	CVEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.24%	11.65%	-1.41%
Volatility (6M) Calculated over the trailing 6-month period	24.27%	20.08%	+4.19%
Volatility (1Y) Calculated over the trailing 1-year period	31.04%	31.54%	-0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.42%	39.82%	-9.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.20%	60.89%	-28.69%

Dividends

AXTA vs. CVEO - Dividend Comparison

Neither AXTA nor CVEO has paid dividends to shareholders.

Position	TTM	2025	2024	2023
AXTA Axalta Coating Systems Ltd.	0.00%	0.00%	0.00%	0.00%
CVEO Civeo Corporation	0.00%	1.09%	4.40%	2.19%

Financials

AXTA vs. CVEO - Profitability Comparison

The chart below illustrates the profitability comparison between Axalta Coating Systems Ltd. and Civeo Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

AXTA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axalta Coating Systems Ltd. reported a gross profit of 0.00 and revenue of 1.25B. Therefore, the gross margin over that period was 0.0%.

CVEO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Civeo Corporation reported a gross profit of 0.00 and revenue of 172.67M. Therefore, the gross margin over that period was 0.0%.

AXTA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axalta Coating Systems Ltd. reported an operating income of 146.00M and revenue of 1.25B, resulting in an operating margin of 11.6%.

CVEO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Civeo Corporation reported an operating income of 0.00 and revenue of 172.67M, resulting in an operating margin of 0.0%.

AXTA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axalta Coating Systems Ltd. reported a net income of 90.00M and revenue of 1.25B, resulting in a net margin of 7.2%.

CVEO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Civeo Corporation reported a net income of -3.81M and revenue of 172.67M, resulting in a net margin of -2.2%.

Frequently Asked Questions

Can I hold both AXTA and CVEO in my portfolio?

AXTA and CVEO 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, AXTA or CVEO?

CVEO has higher volatility (11.65%) compared to AXTA (10.24%). In terms of maximum drawdown, AXTA dropped -63.60% vs CVEO's -98.72%.

Which has better risk-adjusted returns?

CVEO currently has the higher Sharpe Ratio (1.75 vs 0.06), 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.