ELV vs. LDO.MI
ELV (Elevance Health Inc) and LDO.MI (Leonardo S.p.A.) are both stocks. ELV operates in Healthcare Plans (Healthcare), while LDO.MI operates in Aerospace & Defense (Industrials). Over the past 10 years, ELV returned 13.78%/yr vs 19.42%/yr for LDO.MI. At a 0.20 correlation, their price movements are largely independent.
Performance
ELV vs. LDO.MI - Performance Comparison
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Different Trading Currencies
ELV is traded in USD, while LDO.MI is traded in EUR. To make them comparable, the LDO.MI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ELV achieves a 20.02% return, which is significantly higher than LDO.MI's 3.06% return. Over the past 10 years, ELV has underperformed LDO.MI with an annualized return of 13.78%, while LDO.MI has yielded a comparatively higher 19.42% annualized 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%
LDO.MI
- 1D
- 0.87%
- 1M
- -5.00%
- YTD
- 3.06%
- 6M
- 8.30%
- 1Y
- 0.39%
- 3Y*
- 76.77%
- 5Y*
- 48.39%
- 10Y*
- 19.42%
ELV vs. LDO.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health Inc | 20.02% | -3.14% | -20.72% | -6.89% | 11.83% | 46.12% | 7.74% | 16.33% | 18.11% | 58.72% |
LDO.MI Leonardo S.p.A. | 3.06% | 116.42% | 65.76% | 93.57% | 22.66% | -1.81% | -36.54% | 35.11% | -25.08% | -14.34% |
Correlation
The correlation between ELV and LDO.MI is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 29, 2007 | 0.20 |
Over the past year, the correlation between ELV and LDO.MI has dropped to 0.00 - well below their long-term average of 0.20, suggesting their price drivers have been diverging.
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Return for Risk
ELV vs. LDO.MI — Risk / Return Rank
ELV
LDO.MI
ELV vs. LDO.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elevance Health Inc (ELV) and Leonardo S.p.A. (LDO.MI). 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 | LDO.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.03 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | -0.04 | +0.32 |
| Martin ratioReturn relative to average drawdown | 0.51 | -0.07 | +0.59 |
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 | LDO.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | -0.02 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 1.30 | -1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.50 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.14 | +0.32 |
Drawdowns
ELV vs. LDO.MI - Drawdown Comparison
The maximum ELV drawdown since its inception was -67.19%, smaller than the maximum LDO.MI drawdown of -88.08%. Use the drawdown chart below to compare losses from any high point for ELV and LDO.MI.
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Drawdown Indicators
| ELV | LDO.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.19% | -88.08% | +20.89% |
Max Drawdown (1Y)Largest decline over 1 year | -30.60% | -22.61% | -7.99% |
Max Drawdown (3Y)Largest decline over 3 years | -50.38% | -22.61% | -27.77% |
Max Drawdown (5Y)Largest decline over 5 years | -50.38% | -39.97% | -10.41% |
Max Drawdown (10Y)Largest decline over 10 years | -50.38% | -73.32% | +22.94% |
Current DrawdownCurrent decline from peak | -23.19% | -19.12% | -4.07% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -50.79% | +35.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.76% | 10.71% | +6.05% |
Volatility
ELV vs. LDO.MI - Volatility Comparison
The current volatility for Elevance Health Inc (ELV) is 8.30%, while Leonardo S.p.A. (LDO.MI) has a volatility of 10.89%. This indicates that ELV experiences smaller price fluctuations and is considered to be less risky than LDO.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELV | LDO.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 10.89% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 27.26% | 30.19% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.59% | 41.92% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.93% | 36.79% | -7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.84% | 38.78% | -7.94% |
Dividends
ELV vs. LDO.MI - Dividend Comparison
ELV's dividend yield for the trailing twelve months is around 1.64%, more than LDO.MI's 1.01% 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% |
LDO.MI Leonardo S.p.A. | 1.01% | 1.06% | 1.08% | 0.94% | 1.74% | 0.00% | 2.37% | 1.34% | 1.82% | 1.41% | 0.00% | 0.00% |
Financials
ELV vs. LDO.MI - Financials Comparison
This section allows you to compare key financial metrics between Elevance Health Inc and Leonardo S.p.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
Frequently Asked Questions
ELV and LDO.MI have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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