ELV vs. KRT
ELV (Elevance Health Inc) and KRT (Karat Packaging Inc.) are both stocks. ELV operates in Healthcare Plans (Healthcare), while KRT operates in Packaging & Containers (Consumer Cyclical). Over the past 5 years, ELV returned 3.00%/yr vs 13.30%/yr for KRT. At a 0.11 correlation, their price movements are largely independent.
Performance
ELV vs. KRT - Performance Comparison
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Returns By Period
In the year-to-date period, ELV achieves a 20.02% return, which is significantly lower than KRT's 33.08% return.
ELV
- 1D
- 0.63%
- 1M
- 10.60%
- YTD
- 20.02%
- 6M
- 27.26%
- 1Y
- 8.57%
- 3Y*
- -2.38%
- 5Y*
- 3.00%
- 10Y*
- 13.78%
KRT
- 1D
- 2.04%
- 1M
- 5.13%
- YTD
- 33.08%
- 6M
- 38.41%
- 1Y
- 0.04%
- 3Y*
- 29.10%
- 5Y*
- 13.30%
- 10Y*
- —
ELV vs. KRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ELV Elevance Health Inc | 20.02% | -3.14% | -20.72% | -6.89% | 11.83% | 25.50% |
KRT Karat Packaging Inc. | 33.08% | -20.12% | 28.81% | 86.11% | -27.07% | 8.89% |
Correlation
The correlation between ELV and KRT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.11 |
Fundamentals
ELV:
$92.16B
KRT:
$582.73M
ELV:
$23.46
KRT:
$1.58
ELV:
17.82
KRT:
18.39
ELV:
0.47
KRT:
1.22
ELV:
2.10
KRT:
3.76
ELV:
$200.42B
KRT:
$481.07M
ELV:
$46.43B
KRT:
$172.90M
ELV:
$8.92B
KRT:
$56.33M
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Return for Risk
ELV vs. KRT — Risk / Return Rank
ELV
KRT
ELV vs. KRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elevance Health Inc (ELV) and Karat Packaging Inc. (KRT). 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.
| ELV | KRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.04 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.00 | +0.28 |
| Martin ratioReturn relative to average drawdown | 0.51 | 0.00 | +0.51 |
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
| ELV | KRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.00 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.29 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.32 | +0.13 |
Drawdowns
ELV vs. KRT - Drawdown Comparison
The maximum ELV drawdown since its inception was -67.19%, which is greater than KRT's maximum drawdown of -48.46%. Use the drawdown chart below to compare losses from any high point for ELV and KRT.
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Drawdown Indicators
| ELV | KRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.19% | -48.46% | -18.73% |
Max Drawdown (1Y)Largest decline over 1 year | -30.60% | -31.57% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -50.38% | -34.03% | -16.35% |
Max Drawdown (5Y)Largest decline over 5 years | -50.38% | -48.46% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -50.38% | — | — |
Current DrawdownCurrent decline from peak | -23.19% | -3.86% | -19.33% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -18.56% | +3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.76% | 17.40% | -0.64% |
Volatility
ELV vs. KRT - Volatility Comparison
The current volatility for Elevance Health Inc (ELV) is 8.30%, while Karat Packaging Inc. (KRT) has a volatility of 13.45%. This indicates that ELV experiences smaller price fluctuations and is considered to be less risky than KRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELV | KRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 13.45% | -5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 27.26% | 28.23% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.59% | 39.76% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.93% | 45.40% | -16.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.84% | 45.50% | -14.66% |
Dividends
ELV vs. KRT - Dividend Comparison
ELV's dividend yield for the trailing twelve months is around 1.64%, less than KRT's 6.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health Inc | 1.64% | 1.95% | 1.77% | 1.26% | 1.00% | 0.98% | 1.18% | 1.06% | 1.14% | 1.20% | 1.81% | 1.79% |
KRT Karat Packaging Inc. | 6.20% | 7.98% | 5.12% | 6.24% | 2.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ELV vs. KRT - Financials Comparison
This section allows you to compare key financial metrics between Elevance Health Inc and Karat Packaging 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
ELV vs. KRT - Profitability Comparison
ELV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Elevance Health Inc reported a gross profit of 9.10B and revenue of 50.18B. Therefore, the gross margin over that period was 18.1%.
KRT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Karat Packaging Inc. reported a gross profit of 41.53M and revenue of 116.95M. Therefore, the gross margin over that period was 35.5%.
ELV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Elevance Health Inc reported an operating income of 2.66B and revenue of 50.18B, resulting in an operating margin of 5.3%.
KRT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Karat Packaging Inc. reported an operating income of 8.46M and revenue of 116.95M, resulting in an operating margin of 7.2%.
ELV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Elevance Health Inc reported a net income of 1.76B and revenue of 50.18B, resulting in a net margin of 3.5%.
KRT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Karat Packaging Inc. reported a net income of 6.74M and revenue of 116.95M, resulting in a net margin of 5.8%.
Frequently Asked Questions
ELV and KRT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRT has higher volatility (13.45%) compared to ELV (8.30%). In terms of maximum drawdown, ELV dropped -67.19% vs KRT's -48.46%.
ELV currently has the higher Sharpe Ratio (0.22 vs 0.00), 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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