ELV vs. ITUB
ELV (Elevance Health, Inc.) and ITUB (Itaú Unibanco Holding S.A.) are both stocks. ELV operates in Healthcare Plans (Healthcare), while ITUB operates in Banks - Regional (Financial Services). Over the past 10 years, ELV returned 11.88%/yr vs 15.91%/yr for ITUB. At a 0.24 correlation, their price movements are largely independent.
Performance
ELV vs. ITUB - Performance Comparison
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Returns By Period
In the year-to-date period, ELV achieves a 10.16% return, which is significantly lower than ITUB's 18.68% return. Over the past 10 years, ELV has underperformed ITUB with an annualized return of 11.88%, while ITUB has yielded a comparatively higher 15.91% annualized return.
ELV
- 1D
- 2.44%
- 1M
- -1.61%
- 6M
- 3.01%
- YTD
- 10.16%
- 1Y
- 40.84%
- 3Y*
- -5.51%
- 5Y*
- 1.37%
- 10Y*
- 11.88%
- ALL TIME*
- 13.69%
ITUB
- 1D
- 1.46%
- 1M
- 7.84%
- 6M
- 15.09%
- YTD
- 18.68%
- 1Y
- 48.96%
- 3Y*
- 25.76%
- 5Y*
- 27.77%
- 10Y*
- 15.91%
- ALL TIME*
- 15.27%
ELV vs. ITUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health, Inc. | 10.16% | -3.14% | -20.72% | -6.89% | 11.83% | 46.12% | 7.74% | 16.33% | 18.11% | 58.72% |
ITUB Itaú Unibanco Holding S.A. | 18.68% | 86.06% | -23.49% | 54.53% | 30.82% | -6.05% | -30.47% | 8.46% | 12.68% | 30.90% |
Correlation
The correlation between ELV and ITUB is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2002 | 0.24 |
The correlation between ELV and ITUB shifts across timeframes, from 0.06 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ELV:
$82.89B
ITUB:
$91.70B
ELV:
$22.41
ITUB:
R$3.93
ELV:
17.06
ITUB:
10.81
ELV:
0.42
ITUB:
1.29
ELV:
1.86
ITUB:
2.18
ELV:
$201.11B
ITUB:
R$384.43B
ELV:
$78.34B
ITUB:
R$131.20B
ELV:
$8.01B
ITUB:
R$54.38B
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Return for Risk
ELV vs. ITUB — Risk / Return Rank
ELV
ITUB
ELV vs. ITUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elevance Health, Inc. (ELV) and Itaú Unibanco Holding S.A. (ITUB). 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.
| ELV | ITUB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.28 | -0.74 |
| Martin ratioReturn relative to average drawdown | 4.03 | 5.58 | -1.56 |
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Drawdowns
ELV vs. ITUB - Drawdown Comparison
The maximum ELV drawdown since its inception was -67.19%, roughly equal to the maximum ITUB drawdown of -69.35%. Use the drawdown chart below to compare losses from any high point for ELV and ITUB.
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Drawdown Indicators
| ELV | ITUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.19% | -69.35% | +2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -26.49% | -21.53% | -4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -50.38% | -28.17% | -22.21% |
Max Drawdown (5Y)Largest decline over 5 years | -50.38% | -31.59% | -18.79% |
Max Drawdown (10Y)Largest decline over 10 years | -50.38% | -61.96% | +11.58% |
Current DrawdownCurrent decline from peak | -29.50% | -11.28% | -18.22% |
Average DrawdownAverage peak-to-trough decline | -15.34% | -20.98% | +5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.17% | 8.79% | +1.38% |
Volatility
ELV vs. ITUB - Volatility Comparison
Elevance Health, Inc. (ELV) has a higher volatility of 14.46% compared to Itaú Unibanco Holding S.A. (ITUB) at 7.81%. This indicates that ELV's price experiences larger fluctuations and is considered to be riskier than ITUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELV | ITUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.46% | 7.81% | +6.65% |
Volatility (6M)Calculated over the trailing 6-month period | 29.88% | 25.07% | +4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.33% | 31.01% | +5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.61% | 33.78% | -4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.11% | 38.23% | -7.12% |
Dividends
ELV vs. ITUB - Dividend Comparison
ELV's dividend yield for the trailing twelve months is around 1.79%, less than ITUB's 7.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health, Inc. | 1.79% | 1.95% | 1.77% | 1.26% | 1.00% | 0.98% | 1.18% | 1.06% | 1.14% | 1.20% | 1.81% | 1.79% |
ITUB Itaú Unibanco Holding S.A. | 7.85% | 11.26% | 9.20% | 3.61% | 4.21% | 29.81% | 4.80% | 8.21% | 6.93% | 3.35% | 15.63% | 3.89% |
Financials
ELV vs. ITUB - Financials Comparison
This section allows you to compare key financial metrics between Elevance Health, Inc. and Itaú Unibanco Holding S.A.. 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
ELV vs. ITUB - Profitability Comparison
ELV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Elevance Health, Inc. reported a gross profit of 44.98B and revenue of 50.47B. Therefore, the gross margin over that period was 89.1%.
ITUB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Itaú Unibanco Holding S.A. reported a gross profit of 32.47B and revenue of 94.91B. Therefore, the gross margin over that period was 34.2%.
ELV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Elevance Health, Inc. reported an operating income of 2.06B and revenue of 50.47B, resulting in an operating margin of 4.1%.
ITUB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Itaú Unibanco Holding S.A. reported an operating income of 12.47B and revenue of 94.91B, resulting in an operating margin of 13.1%.
ELV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Elevance Health, Inc. reported a net income of 1.46B and revenue of 50.47B, resulting in a net margin of 2.9%.
ITUB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Itaú Unibanco Holding S.A. reported a net income of 11.42B and revenue of 94.91B, resulting in a net margin of 12.0%.
Frequently Asked Questions
ELV and ITUB have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELV has higher volatility (14.46%) compared to ITUB (7.81%). In terms of maximum drawdown, ELV dropped -67.19% vs ITUB's -69.35%.
ITUB currently has the higher Sharpe Ratio (1.59 vs 1.13), 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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