CXDO vs. CVSA

Last updated Jun 23, 2026

CXDO (Crexendo, Inc.) and CVSA (Covista Inc.) are both stocks. CXDO operates in Telecom Services (Communication Services), while CVSA operates in Education & Training Services (Consumer Defensive). Over the past 10 years, CXDO returned 18.47%/yr vs 21.23%/yr for CVSA. At a 0.10 correlation, their price movements are largely independent.

Performance

CXDO vs. CVSA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Crexendo, Inc. (CXDO) and Covista Inc. (CVSA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CXDO achieves a 8.35% return, which is significantly lower than CVSA's 15.28% return. Over the past 10 years, CXDO has underperformed CVSA with an annualized return of 18.47%, while CVSA has yielded a comparatively higher 21.23% annualized return.

CXDO

• 1D: -0.71%
• 1M: -27.06%
• YTD: 8.35%
• 6M: 5.10%
• 1Y: 33.52%
• 3Y*: 56.75%
• 5Y*: 3.58%
• 10Y*: 18.47%

CVSA

• 1D: 0.18%
• 1M: -4.69%
• YTD: 15.28%
• 6M: 16.11%
• 1Y: -4.64%
• 3Y*: 50.56%
• 5Y*: 27.16%
• 10Y*: 21.23%

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

CXDO vs. CVSA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CXDO Crexendo, Inc.	8.35%	23.71%	7.84%	156.07%	-61.73%	-27.85%	63.06%	112.50%	-4.76%	44.83%
CVSA Covista Inc.	15.28%	13.89%	54.11%	66.06%	20.09%	-12.93%	-2.92%	-26.10%	12.53%	34.78%

Correlation

The correlation between CXDO and CVSA is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.10

Fundamentals

Market Cap CXDO : $229.11M CVSA : $4.15B
EPS CXDO : $0.14 CVSA : $6.88
PE Ratio CXDO : 49.89 CVSA : 17.35
PEG Ratio CXDO : 0.37 CVSA : 0.56
PS Ratio CXDO : 3.07 CVSA : 2.27
PB Ratio CXDO : 3.15 CVSA : 3.04
Total Revenue (TTM) CXDO : $72.82M CVSA : $1.91B
Gross Profit (TTM) CXDO : $60.36M CVSA : $1.11B
EBITDA (TTM) CXDO : $6.49M CVSA : $431.35M

Return for Risk

CXDO vs. CVSA — Risk / Return Rank

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

CXDO

CXDO Risk / Return Rank: 62
CXDO Sharpe Ratio Rank: 61
CXDO Sortino Ratio Rank: 60
CXDO Omega Ratio Rank: 58
CXDO Calmar Ratio Rank: 63
CXDO Martin Ratio Rank: 66

CVSA

CVSA Risk / Return Rank: 38
CVSA Sharpe Ratio Rank: 38
CVSA Sortino Ratio Rank: 36
CVSA Omega Ratio Rank: 38
CVSA Calmar Ratio Rank: 38
CVSA Martin Ratio Rank: 38

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.

CXDO vs. CVSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Crexendo, Inc. (CXDO) and Covista Inc. (CVSA). 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.

	CXDO	CVSA	Difference
Sharpe ratio: Return per unit of total volatility	0.56	-0.10	+0.66
Sortino ratio: Return per unit of downside risk	1.20	0.20	+1.01
Omega ratio: Gain probability vs. loss probability	1.15	1.04	+0.11
Calmar ratio: Return relative to maximum drawdown	0.97	-0.11	+1.08
Martin ratio: Return relative to average drawdown	2.71	-0.19	+2.90

CXDO vs. CVSA - Sharpe Ratio Comparison

The current CXDO Sharpe Ratio is 0.56, which is higher than the CVSA Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of CXDO and CVSA, 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

CXDO vs. CVSA - Drawdown Comparison

The maximum CXDO drawdown since its inception was -88.55%, which is greater than CVSA's maximum drawdown of -77.26%. Use the drawdown chart below to compare losses from any high point for CXDO and CVSA.

Drawdown Indicators

	CXDO	CVSA	Difference
Max Drawdown Largest peak-to-trough decline	-88.55%	-77.26%	-11.29%
Max Drawdown (1Y) Largest decline over 1 year	-34.86%	-42.14%	+7.28%
Max Drawdown (3Y) Largest decline over 3 years	-60.41%	-42.14%	-18.27%
Max Drawdown (5Y) Largest decline over 5 years	-81.53%	-50.23%	-31.30%
Max Drawdown (10Y) Largest decline over 10 years	-88.55%	-66.06%	-22.49%
Current Drawdown Current decline from peak	-37.27%	-22.77%	-14.50%
Average Drawdown Average peak-to-trough decline	-40.58%	-30.66%	-9.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.41%	24.41%	-12.00%

Volatility

CXDO vs. CVSA - Volatility Comparison

Crexendo, Inc. (CXDO) has a higher volatility of 25.24% compared to Covista Inc. (CVSA) at 11.64%. This indicates that CXDO's price experiences larger fluctuations and is considered to be riskier than CVSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CXDO	CVSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.24%	11.64%	+13.60%
Volatility (6M) Calculated over the trailing 6-month period	45.37%	28.88%	+16.49%
Volatility (1Y) Calculated over the trailing 1-year period	60.09%	47.51%	+12.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.08%	42.30%	+27.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.65%	39.52%	+39.13%

Dividends

CXDO vs. CVSA - Dividend Comparison

Neither CXDO nor CVSA has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVSA Covista Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.15%	1.42%
CXDO Crexendo, Inc.	0.00%	0.00%	0.00%	0.10%	1.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

CXDO vs. CVSA - Profitability Comparison

The chart below illustrates the profitability comparison between Crexendo, Inc. and Covista Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CXDO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Crexendo, Inc. reported a gross profit of 16.83M and revenue of 20.71M. Therefore, the gross margin over that period was 81.3%.

CVSA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Covista Inc. reported a gross profit of 290.93M and revenue of 487.03M. Therefore, the gross margin over that period was 59.7%.

CXDO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Crexendo, Inc. reported an operating income of 440.00K and revenue of 20.71M, resulting in an operating margin of 2.1%.

CVSA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Covista Inc. reported an operating income of 92.21M and revenue of 487.03M, resulting in an operating margin of 18.9%.

CXDO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Crexendo, Inc. reported a net income of 578.00K and revenue of 20.71M, resulting in a net margin of 2.8%.

CVSA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Covista Inc. reported a net income of 57.98M and revenue of 487.03M, resulting in a net margin of 11.9%.

Frequently Asked Questions

Can I hold both CXDO and CVSA in my portfolio?

CXDO and CVSA have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CXDO or CVSA?

CXDO has higher volatility (25.24%) compared to CVSA (11.64%). In terms of maximum drawdown, CXDO dropped -88.55% vs CVSA's -77.26%.

Which has better risk-adjusted returns?

CXDO currently has the higher Sharpe Ratio (0.56 vs -0.10), 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.