DAVE vs. AEVA

Last updated Jun 13, 2026

DAVE (Dave Inc.) and AEVA (Aeva Technologies, Inc.) are both stocks. DAVE operates in Software - Application (Technology), while AEVA operates in Auto Parts (Consumer Cyclical). Over the past 5 years, DAVE returned -2.05%/yr vs -14.89%/yr for AEVA. At a 0.31 correlation, their price movements are largely independent.

Performance

DAVE vs. AEVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dave Inc. (DAVE) and Aeva Technologies, Inc. (AEVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DAVE achieves a 29.52% return, which is significantly lower than AEVA's 87.42% return.

DAVE

• 1D: 0.47%
• 1M: 19.46%
• YTD: 29.52%
• 6M: 45.12%
• 1Y: 20.37%
• 3Y*: 269.82%
• 5Y*: -2.05%
• 10Y*: —

AEVA

• 1D: 5.87%
• 1M: 22.85%
• YTD: 87.42%
• 6M: 55.47%
• 1Y: 5.15%
• 3Y*: 50.17%
• 5Y*: -14.89%
• 10Y*: —

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

DAVE vs. AEVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DAVE Dave Inc.	29.52%	154.73%	936.61%	-9.64%	-97.17%	4.59%
AEVA Aeva Technologies, Inc.	87.42%	179.58%	25.38%	-44.29%	-82.01%	-21.74%

Correlation

The correlation between DAVE and AEVA is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Apr 26, 2021	0.31

The correlation between DAVE and AEVA shifts across timeframes, from 0.31 (3 years) to 0.42 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DAVE : $4.13B AEVA : $1.56B
EPS DAVE : $15.54 AEVA : -$2.52
PS Ratio DAVE : 7.53 AEVA : 68.46
Total Revenue (TTM) DAVE : $551.52M AEVA : $20.97M
Gross Profit (TTM) DAVE : $427.68M AEVA : $971.00K
EBITDA (TTM) DAVE : $165.95M AEVA : $21.17M

Return for Risk

DAVE vs. AEVA — Risk / Return Rank

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

DAVE

DAVE Risk / Return Rank: 53
DAVE Sharpe Ratio Rank: 53
DAVE Sortino Ratio Rank: 54
DAVE Omega Ratio Rank: 52
DAVE Calmar Ratio Rank: 54
DAVE Martin Ratio Rank: 53

AEVA

AEVA Risk / Return Rank: 48
AEVA Sharpe Ratio Rank: 44
AEVA Sortino Ratio Rank: 55
AEVA Omega Ratio Rank: 52
AEVA Calmar Ratio Rank: 44
AEVA Martin Ratio Rank: 43

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.

DAVE vs. AEVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dave Inc. (DAVE) and Aeva Technologies, Inc. (AEVA). 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.

	DAVE	AEVA	Difference
Sharpe ratio: Return per unit of total volatility	0.28	0.05	+0.23
Sortino ratio: Return per unit of downside risk	0.89	0.93	-0.04
Omega ratio: Gain probability vs. loss probability	1.11	1.11	0.00
Calmar ratio: Return relative to maximum drawdown	0.46	0.07	+0.39
Martin ratio: Return relative to average drawdown	0.82	0.09	+0.73

DAVE vs. AEVA - Sharpe Ratio Comparison

The current DAVE Sharpe Ratio is 0.28, which is higher than the AEVA Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of DAVE and AEVA, 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

DAVE vs. AEVA - Drawdown Comparison

The maximum DAVE drawdown since its inception was -99.01%, roughly equal to the maximum AEVA drawdown of -97.71%. Use the drawdown chart below to compare losses from any high point for DAVE and AEVA.

Drawdown Indicators

	DAVE	AEVA	Difference
Max Drawdown Largest peak-to-trough decline	-99.01%	-97.71%	-1.30%
Max Drawdown (1Y) Largest decline over 1 year	-44.67%	-75.68%	+31.01%
Max Drawdown (3Y) Largest decline over 3 years	-44.67%	-75.68%	+31.01%
Max Drawdown (5Y) Largest decline over 5 years	-99.01%	-96.02%	-2.99%
Current Drawdown Current decline from peak	-37.33%	-75.11%	+37.78%
Average Drawdown Average peak-to-trough decline	-68.91%	-70.65%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.93%	56.11%	-31.18%

Volatility

DAVE vs. AEVA - Volatility Comparison

The current volatility for Dave Inc. (DAVE) is 18.61%, while Aeva Technologies, Inc. (AEVA) has a volatility of 32.26%. This indicates that DAVE experiences smaller price fluctuations and is considered to be less risky than AEVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAVE	AEVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.61%	32.26%	-13.65%
Volatility (6M) Calculated over the trailing 6-month period	48.97%	78.67%	-29.70%
Volatility (1Y) Calculated over the trailing 1-year period	74.00%	114.70%	-40.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.44%	96.96%	+1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.16%	91.27%	+5.89%

Dividends

DAVE vs. AEVA - Dividend Comparison

Neither DAVE nor AEVA has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both DAVE and AEVA in my portfolio?

DAVE and AEVA have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DAVE or AEVA?

AEVA has higher volatility (32.26%) compared to DAVE (18.61%). In terms of maximum drawdown, DAVE dropped -99.01% vs AEVA's -97.71%.

Which has better risk-adjusted returns?

DAVE currently has the higher Sharpe Ratio (0.28 vs 0.05), 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.