ELVA vs. ALL

Last updated Jun 13, 2026

ELVA (Electrovaya Inc. Common Shares) and ALL (The Allstate Corporation) are both stocks. ELVA operates in Electrical Equipment & Parts (Industrials), while ALL operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, ELVA returned 2.89%/yr vs 15.27%/yr for ALL. At a 0.02 correlation, their price movements are largely independent.

Performance

ELVA vs. ALL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Electrovaya Inc. Common Shares (ELVA) and The Allstate Corporation (ALL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELVA achieves a 20.25% return, which is significantly higher than ALL's 7.58% return. Over the past 10 years, ELVA has underperformed ALL with an annualized return of 2.89%, while ALL has yielded a comparatively higher 15.27% annualized return.

ELVA

• 1D: -3.16%
• 1M: -0.52%
• YTD: 20.25%
• 6M: 43.50%
• 1Y: 181.07%
• 3Y*: 37.56%
• 5Y*: 9.63%
• 10Y*: 2.89%

ALL

• 1D: 0.94%
• 1M: 2.50%
• YTD: 7.58%
• 6M: 8.08%
• 1Y: 13.66%
• 3Y*: 27.76%
• 5Y*: 13.66%
• 10Y*: 15.27%

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

ELVA vs. ALL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELVA Electrovaya Inc. Common Shares	20.25%	218.55%	-18.95%	-17.30%	2.78%	-38.98%	686.67%	48.08%	-80.52%	-67.02%
ALL The Allstate Corporation	7.58%	10.09%	40.61%	6.37%	18.37%	9.86%	-0.12%	38.82%	-19.52%	43.64%

Correlation

The correlation between ELVA and ALL is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	-0.08
Correlation (5Y) Calculated over the trailing 5-year period	-0.00
Correlation (10Y) Calculated over the trailing 10-year period	0.02
Correlation (All Time) Calculated using the full available price history since Jan 8, 2016	0.02

The correlation between ELVA and ALL shifts across timeframes, from -0.13 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ELVA : $490.77M ALL : $58.20B
EPS ELVA : $0.11 ALL : $45.76
PE Ratio ELVA : 87.86 ALL : 4.84
PEG Ratio ELVA : 1.04 ALL : 0.13
PS Ratio ELVA : 6.21 ALL : 0.88
PB Ratio ELVA : 7.79 ALL : 1.97
Total Revenue (TTM) ELVA : $70.74M ALL : $67.14B
Gross Profit (TTM) ELVA : $22.01M ALL : $19.06B
EBITDA (TTM) ELVA : $6.86M ALL : $13.09B

Return for Risk

ELVA vs. ALL — Risk / Return Rank

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

ELVA

ELVA Risk / Return Rank: 87
ELVA Sharpe Ratio Rank: 89
ELVA Sortino Ratio Rank: 86
ELVA Omega Ratio Rank: 84
ELVA Calmar Ratio Rank: 88
ELVA Martin Ratio Rank: 87

ALL

ALL Risk / Return Rank: 60
ALL Sharpe Ratio Rank: 62
ALL Sortino Ratio Rank: 54
ALL Omega Ratio Rank: 53
ALL Calmar Ratio Rank: 66
ALL Martin Ratio Rank: 67

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 vs. ALL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Electrovaya Inc. Common Shares (ELVA) and The Allstate Corporation (ALL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ELVA	ALL	Difference
Sharpe ratio: Return per unit of total volatility	2.00	0.55	+1.46
Sortino ratio: Return per unit of downside risk	2.64	0.90	+1.74
Omega ratio: Gain probability vs. loss probability	1.32	1.11	+0.21
Calmar ratio: Return relative to maximum drawdown	3.80	1.13	+2.67
Martin ratio: Return relative to average drawdown	9.01	2.90	+6.12

ELVA vs. ALL - Sharpe Ratio Comparison

The current ELVA Sharpe Ratio is 2.00, which is higher than the ALL Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of ELVA and ALL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ELVA vs. ALL - Drawdown Comparison

The maximum ELVA drawdown since its inception was -96.90%, which is greater than ALL's maximum drawdown of -77.03%. Use the drawdown chart below to compare losses from any high point for ELVA and ALL.

Drawdown Indicators

	ELVA	ALL	Difference
Max Drawdown Largest peak-to-trough decline	-96.90%	-77.03%	-19.87%
Max Drawdown (1Y) Largest decline over 1 year	-44.42%	-11.48%	-32.94%
Max Drawdown (3Y) Largest decline over 3 years	-64.19%	-14.11%	-50.08%
Max Drawdown (5Y) Largest decline over 5 years	-66.78%	-27.35%	-39.43%
Max Drawdown (10Y) Largest decline over 10 years	-96.90%	-41.39%	-55.51%
Current Drawdown Current decline from peak	-41.01%	-0.79%	-40.22%
Average Drawdown Average peak-to-trough decline	-73.62%	-16.43%	-57.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.71%	4.46%	+14.25%

Volatility

ELVA vs. ALL - Volatility Comparison

Electrovaya Inc. Common Shares (ELVA) has a higher volatility of 27.27% compared to The Allstate Corporation (ALL) at 8.80%. This indicates that ELVA's price experiences larger fluctuations and is considered to be riskier than ALL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELVA	ALL	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.27%	8.80%	+18.47%
Volatility (6M) Calculated over the trailing 6-month period	63.77%	17.29%	+46.48%
Volatility (1Y) Calculated over the trailing 1-year period	84.18%	23.73%	+60.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.12%	25.46%	+43.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.10%	24.95%	+61.15%

Dividends

ELVA vs. ALL - Dividend Comparison

ELVA has not paid dividends to shareholders, while ALL's dividend yield for the trailing twelve months is around 1.88%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALL The Allstate Corporation	1.88%	1.92%	1.91%	2.54%	2.51%	2.75%	1.96%	1.78%	2.23%	1.41%	1.78%	1.93%
ELVA Electrovaya Inc. Common Shares	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

ELVA vs. ALL - Profitability Comparison

The chart below illustrates the profitability comparison between Electrovaya Inc. Common Shares and The Allstate Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ELVA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Electrovaya Inc. Common Shares reported a gross profit of 5.51M and revenue of 17.80M. Therefore, the gross margin over that period was 31.0%.

ALL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported a gross profit of 0.00 and revenue of 16.94B. Therefore, the gross margin over that period was 0.0%.

ELVA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Electrovaya Inc. Common Shares reported an operating income of 1.52M and revenue of 17.80M, resulting in an operating margin of 8.5%.

ALL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported an operating income of 0.00 and revenue of 16.94B, resulting in an operating margin of 0.0%.

ELVA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Electrovaya Inc. Common Shares reported a net income of 1.00M and revenue of 17.80M, resulting in a net margin of 5.6%.

ALL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported a net income of 2.46B and revenue of 16.94B, resulting in a net margin of 14.5%.

Frequently Asked Questions

Can I hold both ELVA and ALL in my portfolio?

ELVA and ALL have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELVA or ALL?

ELVA has higher volatility (27.27%) compared to ALL (8.80%). In terms of maximum drawdown, ELVA dropped -96.90% vs ALL's -77.03%.

Which has better risk-adjusted returns?

ELVA currently has the higher Sharpe Ratio (2.00 vs 0.55), 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.