ELV vs. OMAB
ELV (Elevance Health Inc) and OMAB (Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.) are both stocks. ELV operates in Healthcare Plans (Healthcare), while OMAB operates in Airports & Air Services (Industrials). Over the past 10 years, ELV returned 13.78%/yr vs 12.38%/yr for OMAB. At a 0.21 correlation, their price movements are largely independent.
Performance
ELV vs. OMAB - Performance Comparison
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Returns By Period
In the year-to-date period, ELV achieves a 20.02% return, which is significantly higher than OMAB's -8.34% return. Over the past 10 years, ELV has outperformed OMAB with an annualized return of 13.78%, while OMAB has yielded a comparatively lower 12.38% 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%
OMAB
- 1D
- -0.13%
- 1M
- -7.47%
- YTD
- -8.34%
- 6M
- -1.54%
- 1Y
- -2.16%
- 3Y*
- 9.62%
- 5Y*
- 21.13%
- 10Y*
- 12.38%
ELV vs. OMAB - 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% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | -8.34% | 66.22% | -13.57% | 43.53% | 30.18% | 7.98% | -13.78% | 62.40% | -4.90% | 20.53% |
Correlation
The correlation between ELV and OMAB is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2006 | 0.21 |
The correlation between ELV and OMAB shifts across timeframes, from 0.05 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ELV:
$92.16B
OMAB:
$4.68B
ELV:
$23.46
OMAB:
$109.59
ELV:
17.82
OMAB:
0.88
ELV:
0.47
OMAB:
0.29
ELV:
2.10
OMAB:
0.37
ELV:
$200.42B
OMAB:
$16.21B
ELV:
$46.43B
OMAB:
$12.07B
ELV:
$8.92B
OMAB:
$9.83B
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Return for Risk
ELV vs. OMAB — Risk / Return Rank
ELV
OMAB
ELV vs. OMAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elevance Health Inc (ELV) and Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB). 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 | OMAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.01 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | -0.08 | +0.36 |
| Martin ratioReturn relative to average drawdown | 0.51 | -0.19 | +0.70 |
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 | OMAB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | -0.07 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.59 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.32 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.37 | +0.09 |
Drawdowns
ELV vs. OMAB - Drawdown Comparison
The maximum ELV drawdown since its inception was -67.19%, smaller than the maximum OMAB drawdown of -77.75%. Use the drawdown chart below to compare losses from any high point for ELV and OMAB.
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Drawdown Indicators
| ELV | OMAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.19% | -77.75% | +10.56% |
Max Drawdown (1Y)Largest decline over 1 year | -30.60% | -26.14% | -4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -50.38% | -41.78% | -8.60% |
Max Drawdown (5Y)Largest decline over 5 years | -50.38% | -41.78% | -8.60% |
Max Drawdown (10Y)Largest decline over 10 years | -50.38% | -68.88% | +18.50% |
Current DrawdownCurrent decline from peak | -23.19% | -26.14% | +2.95% |
Average DrawdownAverage peak-to-trough decline | -15.29% | -22.70% | +7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.76% | 11.40% | +5.36% |
Volatility
ELV vs. OMAB - Volatility Comparison
Elevance Health Inc (ELV) has a higher volatility of 8.30% compared to Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) at 6.83%. This indicates that ELV's price experiences larger fluctuations and is considered to be riskier than OMAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELV | OMAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 6.83% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 27.26% | 22.36% | +4.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.59% | 29.51% | +9.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.93% | 35.75% | -6.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.84% | 38.29% | -7.45% |
Dividends
ELV vs. OMAB - Dividend Comparison
ELV's dividend yield for the trailing twelve months is around 1.64%, less than OMAB's 5.61% 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% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 5.61% | 4.52% | 6.97% | 4.80% | 10.87% | 3.55% | 0.00% | 2.45% | 3.74% | 0.40% | 3.11% | 3.89% |
Financials
ELV vs. OMAB - Financials Comparison
This section allows you to compare key financial metrics between Elevance Health Inc and Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.. 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. OMAB - 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%.
OMAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported a gross profit of 2.64B and revenue of 3.82B. Therefore, the gross margin over that period was 69.2%.
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%.
OMAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported an operating income of 2.08B and revenue of 3.82B, resulting in an operating margin of 54.5%.
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%.
OMAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported a net income of 1.23B and revenue of 3.82B, resulting in a net margin of 32.3%.
Frequently Asked Questions
ELV and OMAB have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELV has higher volatility (8.30%) compared to OMAB (6.83%). In terms of maximum drawdown, ELV dropped -67.19% vs OMAB's -77.75%.
ELV currently has the higher Sharpe Ratio (0.22 vs -0.07), 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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