ELVA.TO vs. HPS-A.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Electrovaya Inc. (ELVA.TO) and Hammond Power Solutions Inc (HPS-A.TO).

Performance

ELVA.TO vs. HPS-A.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Electrovaya Inc. (ELVA.TO) and Hammond Power Solutions Inc (HPS-A.TO). The values are adjusted to include any dividend payments, if applicable.

ELVA.TO vs. HPS-A.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELVA.TO Electrovaya Inc.	3.78%	207.95%	-13.09%	-19.00%	7.53%	-37.58%	684.21%	35.71%	-78.12%	-69.95%
HPS-A.TO Hammond Power Solutions Inc	12.97%	25.75%	58.01%	310.59%	71.98%	46.22%	16.10%	39.86%	-35.72%	56.06%

Fundamentals

Market Cap ELVA.TO : CA$514.51M HPS-A.TO : CA$2.14B
EPS ELVA.TO : CA$0.11 HPS-A.TO : CA$6.06
PE Ratio ELVA.TO : 103.26 HPS-A.TO : 29.68
PEG Ratio ELVA.TO : 0.74 HPS-A.TO : 0.48
PS Ratio ELVA.TO : 7.32 HPS-A.TO : 2.39
PB Ratio ELVA.TO : 8.55 HPS-A.TO : 6.08
Total Revenue (TTM) ELVA.TO : CA$68.20M HPS-A.TO : CA$898.26M
Gross Profit (TTM) ELVA.TO : CA$20.83M HPS-A.TO : CA$272.32M
EBITDA (TTM) ELVA.TO : CA$6.62M HPS-A.TO : CA$122.66M

Returns By Period

In the year-to-date period, ELVA.TO achieves a 3.78% return, which is significantly lower than HPS-A.TO's 12.97% return. Over the past 10 years, ELVA.TO has underperformed HPS-A.TO with an annualized return of 7.32%, while HPS-A.TO has yielded a comparatively higher 43.40% annualized return.

ELVA.TO

• 1D: 3.59%
• 1M: 6.13%
• YTD: 3.78%
• 6M: 36.20%
• 1Y: 200.80%
• 3Y*: 29.75%
• 5Y*: 3.55%
• 10Y*: 7.32%

HPS-A.TO

• 1D: 2.58%
• 1M: -9.67%
• YTD: 12.97%
• 6M: 43.43%
• 1Y: 128.05%
• 3Y*: 69.30%
• 5Y*: 79.81%
• 10Y*: 43.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ELVA.TO vs. HPS-A.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELVA.TO

ELVA.TO Risk / Return Rank: 92
ELVA.TO Sharpe Ratio Rank: 94
ELVA.TO Sortino Ratio Rank: 91
ELVA.TO Omega Ratio Rank: 89
ELVA.TO Calmar Ratio Rank: 94
ELVA.TO Martin Ratio Rank: 92

HPS-A.TO

HPS-A.TO Risk / Return Rank: 90
HPS-A.TO Sharpe Ratio Rank: 91
HPS-A.TO Sortino Ratio Rank: 88
HPS-A.TO Omega Ratio Rank: 89
HPS-A.TO Calmar Ratio Rank: 93
HPS-A.TO Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ELVA.TO vs. HPS-A.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Electrovaya Inc. (ELVA.TO) and Hammond Power Solutions Inc (HPS-A.TO). 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.

	ELVA.TO	HPS-A.TO	Difference
Sharpe ratio Return per unit of total volatility	2.65	2.13	+0.52
Sortino ratio Return per unit of downside risk	3.10	2.71	+0.39
Omega ratio Gain probability vs. loss probability	1.40	1.38	+0.01
Calmar ratio Return relative to maximum drawdown	5.63	4.91	+0.72
Martin ratio Return relative to average drawdown	13.76	10.39	+3.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELVA.TO vs. HPS-A.TO - Sharpe Ratio Comparison

The current ELVA.TO Sharpe Ratio is 2.65, which is comparable to the HPS-A.TO Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of ELVA.TO and HPS-A.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ELVA.TO	HPS-A.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	2.13	+0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	1.65	-1.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.05	1.08	-1.03
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.44	-0.47

Correlation

The correlation between ELVA.TO and HPS-A.TO is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ELVA.TO vs. HPS-A.TO - Dividend Comparison

ELVA.TO has not paid dividends to shareholders, while HPS-A.TO's dividend yield for the trailing twelve months is around 0.61%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ELVA.TO Electrovaya 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%
HPS-A.TO Hammond Power Solutions Inc	0.61%	0.69%	0.76%	0.67%	1.91%	2.84%	4.01%	3.65%	4.21%	2.62%	3.96%	3.77%

Drawdowns

ELVA.TO vs. HPS-A.TO - Drawdown Comparison

The maximum ELVA.TO drawdown since its inception was -98.45%, which is greater than HPS-A.TO's maximum drawdown of -80.00%. Use the drawdown chart below to compare losses from any high point for ELVA.TO and HPS-A.TO.

Drawdown Indicators

	ELVA.TO	HPS-A.TO	Difference
Max Drawdown Largest peak-to-trough decline	-98.45%	-80.00%	-18.45%
Max Drawdown (1Y) Largest decline over 1 year	-41.89%	-28.14%	-13.75%
Max Drawdown (5Y) Largest decline over 5 years	-89.31%	-54.28%	-35.03%
Max Drawdown (10Y) Largest decline over 10 years	-96.63%	-54.28%	-42.35%
Current Drawdown Current decline from peak	-73.21%	-16.08%	-57.13%
Average Drawdown Average peak-to-trough decline	-86.93%	-31.63%	-55.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.14%	13.30%	+3.84%

Volatility

ELVA.TO vs. HPS-A.TO - Volatility Comparison

Electrovaya Inc. (ELVA.TO) has a higher volatility of 22.61% compared to Hammond Power Solutions Inc (HPS-A.TO) at 20.55%. This indicates that ELVA.TO's price experiences larger fluctuations and is considered to be riskier than HPS-A.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELVA.TO	HPS-A.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.61%	20.55%	+2.06%
Volatility (6M) Calculated over the trailing 6-month period	58.98%	46.31%	+12.67%
Volatility (1Y) Calculated over the trailing 1-year period	77.16%	60.66%	+16.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	206.09%	49.06%	+157.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	162.49%	42.47%	+120.02%

Financials

ELVA.TO vs. HPS-A.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Electrovaya Inc. and Hammond Power Solutions Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ELVA.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Electrovaya Inc. reported a gross profit of 4.77M and revenue of 15.79M. Therefore, the gross margin over that period was 30.2%.

HPS-A.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Hammond Power Solutions Inc reported a gross profit of 74.31M and revenue of 254.09M. Therefore, the gross margin over that period was 29.2%.

ELVA.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Electrovaya Inc. reported an operating income of 1.20M and revenue of 15.79M, resulting in an operating margin of 7.6%.

HPS-A.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Hammond Power Solutions Inc reported an operating income of 21.96M and revenue of 254.09M, resulting in an operating margin of 8.6%.

ELVA.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Electrovaya Inc. reported a net income of 1.05M and revenue of 15.79M, resulting in a net margin of 6.7%.

HPS-A.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Hammond Power Solutions Inc reported a net income of 15.20M and revenue of 254.09M, resulting in a net margin of 6.0%.