ELAN vs. SANM
ELAN (Elanco Animal Health Incorporated) and SANM (Sanmina Corporation) are both stocks. ELAN operates in Drug Manufacturers - Specialty & Generic (Healthcare), while SANM operates in Electronic Components (Technology). Over the past 5 years, ELAN returned -7.91%/yr vs 44.58%/yr for SANM. At a 0.34 correlation, their price movements are largely independent.
Performance
ELAN vs. SANM - Performance Comparison
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Returns By Period
In the year-to-date period, ELAN achieves a 2.43% return, which is significantly lower than SANM's 64.62% return.
ELAN
- 1D
- -3.01%
- 1M
- 6.67%
- YTD
- 2.43%
- 6M
- 4.32%
- 1Y
- 73.63%
- 3Y*
- 33.15%
- 5Y*
- -7.91%
- 10Y*
- —
SANM
- 1D
- -2.53%
- 1M
- 0.24%
- YTD
- 64.62%
- 6M
- 60.24%
- 1Y
- 169.37%
- 3Y*
- 63.22%
- 5Y*
- 44.58%
- 10Y*
- 25.08%
ELAN vs. SANM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ELAN Elanco Animal Health Incorporated | 2.43% | 86.87% | -18.72% | 21.93% | -56.94% | -7.47% | 4.14% | -6.60% | -2.23% |
SANM Sanmina Corporation | 64.62% | 98.32% | 47.30% | -10.33% | 38.18% | 30.01% | -6.86% | 42.31% | -16.17% |
Correlation
The correlation between ELAN and SANM is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2018 | 0.34 |
Fundamentals
ELAN:
$11.73B
SANM:
$13.66B
ELAN:
-$0.48
SANM:
$4.72
ELAN:
2.37
SANM:
1.20
ELAN:
1.80
SANM:
1.94
ELAN:
$4.89B
SANM:
$11.34B
ELAN:
$2.42B
SANM:
$968.36M
ELAN:
$755.00M
SANM:
$365.81M
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Return for Risk
ELAN vs. SANM — Risk / Return Rank
ELAN
SANM
ELAN vs. SANM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elanco Animal Health Incorporated (ELAN) and Sanmina Corporation (SANM). 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.
| ELAN | SANM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.41 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 5.21 | -2.39 |
| Martin ratioReturn relative to average drawdown | 8.92 | 12.88 | -3.97 |
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Drawdowns
ELAN vs. SANM - Drawdown Comparison
The maximum ELAN drawdown since its inception was -78.00%, smaller than the maximum SANM drawdown of -99.66%. Use the drawdown chart below to compare losses from any high point for ELAN and SANM.
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Drawdown Indicators
| ELAN | SANM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.00% | -99.66% | +21.66% |
Max Drawdown (1Y)Largest decline over 1 year | -26.23% | -32.69% | +6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -56.10% | -32.69% | -23.41% |
Max Drawdown (5Y)Largest decline over 5 years | -78.00% | -33.92% | -44.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.85% | — |
Current DrawdownCurrent decline from peak | -36.87% | -30.21% | -6.66% |
Average DrawdownAverage peak-to-trough decline | -39.76% | -71.39% | +31.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.28% | 13.20% | -4.92% |
Volatility
ELAN vs. SANM - Volatility Comparison
The current volatility for Elanco Animal Health Incorporated (ELAN) is 14.37%, while Sanmina Corporation (SANM) has a volatility of 19.07%. This indicates that ELAN experiences smaller price fluctuations and is considered to be less risky than SANM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELAN | SANM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.37% | 19.07% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 49.01% | -15.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.27% | 68.39% | -24.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.78% | 44.60% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.44% | 42.09% | +2.35% |
Dividends
ELAN vs. SANM - Dividend Comparison
Neither ELAN nor SANM has paid dividends to shareholders.
Financials
ELAN vs. SANM - Financials Comparison
This section allows you to compare key financial metrics between Elanco Animal Health Incorporated and Sanmina Corporation. 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
ELAN vs. SANM - Profitability Comparison
ELAN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Elanco Animal Health Incorporated reported a gross profit of 785.00M and revenue of 1.37B. Therefore, the gross margin over that period was 57.3%.
SANM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sanmina Corporation reported a gross profit of 354.98M and revenue of 4.01B. Therefore, the gross margin over that period was 8.9%.
ELAN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Elanco Animal Health Incorporated reported an operating income of 307.00M and revenue of 1.37B, resulting in an operating margin of 22.4%.
SANM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sanmina Corporation reported an operating income of 157.01M and revenue of 4.01B, resulting in an operating margin of 3.9%.
ELAN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Elanco Animal Health Incorporated reported a net income of 57.00M and revenue of 1.37B, resulting in a net margin of 4.2%.
SANM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sanmina Corporation reported a net income of 93.65M and revenue of 4.01B, resulting in a net margin of 2.3%.
Frequently Asked Questions
ELAN and SANM have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SANM has higher volatility (19.07%) compared to ELAN (14.37%). In terms of maximum drawdown, ELAN dropped -78.00% vs SANM's -99.66%.
SANM currently has the higher Sharpe Ratio (2.49 vs 1.67), 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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