ELV vs. OKTA
ELV (Elevance Health Inc) and OKTA (Okta, Inc.) are both stocks. ELV operates in Healthcare Plans (Healthcare), while OKTA operates in Software - Infrastructure (Technology). Over the past 5 years, ELV returned 3.00%/yr vs -11.66%/yr for OKTA. At a 0.10 correlation, their price movements are largely independent.
Performance
ELV vs. OKTA - 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 OKTA's 35.13% 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%
OKTA
- 1D
- -1.58%
- 1M
- 39.27%
- YTD
- 35.13%
- 6M
- 33.86%
- 1Y
- 11.20%
- 3Y*
- 17.84%
- 5Y*
- -11.66%
- 10Y*
- —
ELV vs. OKTA - 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% | 36.71% |
OKTA Okta, Inc. | 35.13% | 9.73% | -12.96% | 32.49% | -69.52% | -11.83% | 120.39% | 80.83% | 149.12% | 8.93% |
Correlation
The correlation between ELV and OKTA is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2017 | 0.10 |
Fundamentals
ELV:
$92.16B
OKTA:
$20.76B
ELV:
$23.46
OKTA:
$0.96
ELV:
17.82
OKTA:
121.27
ELV:
0.47
OKTA:
9.40
ELV:
2.10
OKTA:
3.01K
ELV:
$200.42B
OKTA:
$2.23B
ELV:
$46.43B
OKTA:
$1.73B
ELV:
$8.92B
OKTA:
$235.06M
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Return for Risk
ELV vs. OKTA — Risk / Return Rank
ELV
OKTA
ELV vs. OKTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elevance Health Inc (ELV) and Okta, Inc. (OKTA). 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 | OKTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.10 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.30 | -0.02 |
| Martin ratioReturn relative to average drawdown | 0.51 | 0.71 | -0.20 |
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 | OKTA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.21 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | -0.20 | +0.31 |
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 | 0.36 | +0.10 |
Drawdowns
ELV vs. OKTA - Drawdown Comparison
The maximum ELV drawdown since its inception was -67.19%, smaller than the maximum OKTA drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for ELV and OKTA.
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Drawdown Indicators
| ELV | OKTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.19% | -84.57% | +17.38% |
Max Drawdown (1Y)Largest decline over 1 year | -30.60% | -37.82% | +7.22% |
Max Drawdown (3Y)Largest decline over 3 years | -50.38% | -50.57% | +0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -50.38% | -83.43% | +33.05% |
Max Drawdown (10Y)Largest decline over 10 years | -50.38% | — | — |
Current DrawdownCurrent decline from peak | -23.19% | -59.95% | +36.76% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -38.25% | +22.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.76% | 18.44% | -1.68% |
Volatility
ELV vs. OKTA - Volatility Comparison
The current volatility for Elevance Health Inc (ELV) is 8.30%, while Okta, Inc. (OKTA) has a volatility of 33.10%. This indicates that ELV experiences smaller price fluctuations and is considered to be less risky than OKTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELV | OKTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 33.10% | -24.80% |
Volatility (6M)Calculated over the trailing 6-month period | 27.26% | 47.85% | -20.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.59% | 54.61% | -16.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.93% | 57.49% | -28.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.84% | 54.01% | -23.17% |
Dividends
ELV vs. OKTA - Dividend Comparison
ELV's dividend yield for the trailing twelve months is around 1.64%, while OKTA has not paid dividends to shareholders.
| 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% |
OKTA Okta, 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% |
Financials
ELV vs. OKTA - Financials Comparison
This section allows you to compare key financial metrics between Elevance Health Inc and Okta, 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. OKTA - 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%.
OKTA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Okta, Inc. reported a gross profit of 595.00K and revenue of 765.00K. Therefore, the gross margin over that period was 77.8%.
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%.
OKTA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Okta, Inc. reported an operating income of 56.00K and revenue of 765.00K, resulting in an operating margin of 7.3%.
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%.
OKTA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Okta, Inc. reported a net income of 74.00K and revenue of 765.00K, resulting in a net margin of 9.7%.
Frequently Asked Questions
ELV and OKTA have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKTA has higher volatility (33.10%) compared to ELV (8.30%). In terms of maximum drawdown, ELV dropped -67.19% vs OKTA's -84.57%.
ELV currently has the higher Sharpe Ratio (0.22 vs 0.21), 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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