DT vs. INVA

Last updated Jun 19, 2026

DT (Dynatrace, Inc.) and INVA (Innoviva, Inc.) are both stocks. DT operates in Software - Application (Technology), while INVA operates in Biotechnology (Healthcare). Over the past 5 years, DT returned -6.20%/yr vs 11.03%/yr for INVA. At a 0.14 correlation, their price movements are largely independent.

Performance

DT vs. INVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dynatrace, Inc. (DT) and Innoviva, Inc. (INVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DT achieves a -4.43% return, which is significantly lower than INVA's 12.51% return.

DT

• 1D: 0.41%
• 1M: 3.65%
• YTD: -4.43%
• 6M: -6.25%
• 1Y: -25.57%
• 3Y*: -6.83%
• 5Y*: -6.20%
• 10Y*: —

INVA

• 1D: -0.66%
• 1M: 3.50%
• YTD: 12.51%
• 6M: 12.06%
• 1Y: 4.80%
• 3Y*: 19.86%
• 5Y*: 11.03%
• 10Y*: 7.24%

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

DT vs. INVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DT Dynatrace, Inc.	-4.43%	-20.26%	-0.62%	42.79%	-36.54%	39.47%	71.03%	-0.78%
INVA Innoviva, Inc.	12.51%	15.22%	8.17%	21.06%	-23.19%	39.23%	-12.50%	19.19%

Correlation

The correlation between DT and INVA is -0.04, 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	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Aug 1, 2019	0.14

The correlation between DT and INVA shifts across timeframes, from -0.04 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DT : $12.38B INVA : $1.91B
EPS DT : $0.73 INVA : $5.94
PE Ratio DT : 56.61 INVA : 3.79
PEG Ratio DT : 0.78 INVA : 0.02
PS Ratio DT : 6.21 INVA : 4.50
PB Ratio DT : 4.74 INVA : 1.32
Total Revenue (TTM) DT : $2.02B INVA : $424.12M
Gross Profit (TTM) DT : $1.65B INVA : $323.16M
EBITDA (TTM) DT : $289.14M INVA : $438.91M

Return for Risk

DT vs. INVA — Risk / Return Rank

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

DT

DT Risk / Return Rank: 17
DT Sharpe Ratio Rank: 14
DT Sortino Ratio Rank: 16
DT Omega Ratio Rank: 16
DT Calmar Ratio Rank: 20
DT Martin Ratio Rank: 20

INVA

INVA Risk / Return Rank: 46
INVA Sharpe Ratio Rank: 48
INVA Sortino Ratio Rank: 43
INVA Omega Ratio Rank: 41
INVA Calmar Ratio Rank: 47
INVA Martin Ratio Rank: 48

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.

DT vs. INVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynatrace, Inc. (DT) and Innoviva, Inc. (INVA). 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.

	DT	INVA	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	0.17	-0.82
Sortino ratio: Return per unit of downside risk	-0.73	0.52	-1.25
Omega ratio: Gain probability vs. loss probability	0.91	1.06	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.60	0.23	-0.83
Martin ratio: Return relative to average drawdown	-1.04	0.54	-1.58

DT vs. INVA - Sharpe Ratio Comparison

The current DT Sharpe Ratio is -0.65, which is lower than the INVA Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of DT and INVA, 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

DT vs. INVA - Drawdown Comparison

The maximum DT drawdown since its inception was -61.77%, smaller than the maximum INVA drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for DT and INVA.

Drawdown Indicators

	DT	INVA	Difference
Max Drawdown Largest peak-to-trough decline	-61.77%	-84.32%	+22.55%
Max Drawdown (1Y) Largest decline over 1 year	-42.87%	-22.32%	-20.55%
Max Drawdown (3Y) Largest decline over 3 years	-48.16%	-23.53%	-24.63%
Max Drawdown (5Y) Largest decline over 5 years	-61.77%	-47.01%	-14.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-59.57%	—
Current Drawdown Current decline from peak	-47.41%	-29.67%	-17.74%
Average Drawdown Average peak-to-trough decline	-30.78%	-44.69%	+13.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.64%	9.65%	+14.99%

Volatility

DT vs. INVA - Volatility Comparison

Dynatrace, Inc. (DT) has a higher volatility of 12.14% compared to Innoviva, Inc. (INVA) at 6.96%. This indicates that DT's price experiences larger fluctuations and is considered to be riskier than INVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DT	INVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.14%	6.96%	+5.18%
Volatility (6M) Calculated over the trailing 6-month period	33.31%	17.05%	+16.26%
Volatility (1Y) Calculated over the trailing 1-year period	39.32%	28.94%	+10.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.75%	27.28%	+13.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.51%	33.86%	+12.65%

Dividends

DT vs. INVA - Dividend Comparison

Neither DT nor INVA has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DT Dynatrace, 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%
INVA Innoviva, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.12%

Financials

Frequently Asked Questions

Can I hold both DT and INVA in my portfolio?

DT and INVA have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DT or INVA?

DT has higher volatility (12.14%) compared to INVA (6.96%). In terms of maximum drawdown, DT dropped -61.77% vs INVA's -84.32%.

Which has better risk-adjusted returns?

INVA currently has the higher Sharpe Ratio (0.17 vs -0.65), 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.