DAO vs. CVSA
DAO (Youdao, Inc.) and CVSA (Covista Inc.) are both stocks. DAO operates in Software - Application (Technology), while CVSA operates in Education & Training Services (Consumer Defensive). Over the past 5 years, DAO returned -13.15%/yr vs 27.08%/yr for CVSA. At a 0.12 correlation, their price movements are largely independent.
Performance
DAO vs. CVSA - Performance Comparison
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Returns By Period
In the year-to-date period, DAO achieves a 12.90% return, which is significantly lower than CVSA's 18.93% return.
DAO
- 1D
- -1.64%
- 1M
- 1.79%
- YTD
- 12.90%
- 6M
- 15.65%
- 1Y
- 27.29%
- 3Y*
- 33.62%
- 5Y*
- -13.15%
- 10Y*
- —
CVSA
- 1D
- 0.65%
- 1M
- 8.55%
- YTD
- 18.93%
- 6M
- 30.43%
- 1Y
- -5.24%
- 3Y*
- 41.51%
- 5Y*
- 27.08%
- 10Y*
- 22.54%
DAO vs. CVSA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DAO Youdao, Inc. | 12.90% | 36.22% | 87.82% | -26.77% | -56.89% | -52.96% | 88.42% | 12.64% |
CVSA Covista Inc. | 18.93% | 13.89% | 54.11% | 66.06% | 20.09% | -12.93% | -2.92% | -4.11% |
Correlation
The correlation between DAO and CVSA is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2019 | 0.12 |
Fundamentals
DAO:
$1.37B
CVSA:
$4.28B
DAO:
$0.58
CVSA:
$6.88
DAO:
19.68
CVSA:
17.90
DAO:
0.66
CVSA:
0.57
DAO:
0.23
CVSA:
2.35
DAO:
$5.96B
CVSA:
$1.91B
DAO:
$2.60B
CVSA:
$1.11B
DAO:
$134.92M
CVSA:
$431.35M
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Return for Risk
DAO vs. CVSA — Risk / Return Rank
DAO
CVSA
DAO vs. CVSA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Youdao, Inc. (DAO) 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.
| DAO | CVSA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.03 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | -0.12 | +1.06 |
| Martin ratioReturn relative to average drawdown | 1.97 | -0.22 | +2.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DAO | CVSA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | -0.11 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | 0.65 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.34 | -0.36 |
Drawdowns
DAO vs. CVSA - Drawdown Comparison
The maximum DAO drawdown since its inception was -93.46%, which is greater than CVSA's maximum drawdown of -77.26%. Use the drawdown chart below to compare losses from any high point for DAO and CVSA.
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Drawdown Indicators
| DAO | CVSA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.46% | -77.26% | -16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -29.35% | -42.14% | +12.79% |
Max Drawdown (3Y)Largest decline over 3 years | -44.77% | -42.14% | -2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -88.97% | -50.23% | -38.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.06% | — |
Current DrawdownCurrent decline from peak | -75.27% | -20.32% | -54.95% |
Average DrawdownAverage peak-to-trough decline | -69.46% | -30.68% | -38.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.89% | 24.09% | -10.20% |
Volatility
DAO vs. CVSA - Volatility Comparison
Youdao, Inc. (DAO) has a higher volatility of 24.50% compared to Covista Inc. (CVSA) at 16.69%. This indicates that DAO'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.
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Volatility by Period
| DAO | CVSA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.50% | 16.69% | +7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 41.50% | 27.74% | +13.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.26% | 46.88% | +5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.39% | 42.14% | +47.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.72% | 39.42% | +50.30% |
Dividends
DAO vs. CVSA - Dividend Comparison
Neither DAO 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% |
DAO Youdao, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
DAO vs. CVSA - Financials Comparison
This section allows you to compare key financial metrics between Youdao, Inc. and Covista 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
DAO vs. CVSA - Profitability Comparison
DAO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Youdao, Inc. reported a gross profit of 602.29M and revenue of 1.35B. Therefore, the gross margin over that period was 44.7%.
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%.
DAO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Youdao, Inc. reported an operating income of 57.50M and revenue of 1.35B, resulting in an operating margin of 4.3%.
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%.
DAO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Youdao, Inc. reported a net income of 38.58M and revenue of 1.35B, resulting in a net margin of 2.9%.
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
DAO and CVSA have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DAO has higher volatility (24.50%) compared to CVSA (16.69%). In terms of maximum drawdown, DAO dropped -93.46% vs CVSA's -77.26%.
DAO currently has the higher Sharpe Ratio (0.52 vs -0.11), 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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