ELVA vs. AVGO
ELVA (Electrovaya Inc. Common Shares) and AVGO (Broadcom Inc.) are both stocks. ELVA operates in Electrical Equipment & Parts (Industrials), while AVGO operates in Semiconductors (Technology). Over the past 10 years, ELVA returned -3.29%/yr vs 40.86%/yr for AVGO. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
ELVA vs. AVGO - Performance Comparison
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Returns By Period
In the year-to-date period, ELVA achieves a 4.05% return, which is significantly lower than AVGO's 12.89% return. Over the past 10 years, ELVA has underperformed AVGO with an annualized return of -3.29%, while AVGO has yielded a comparatively higher 40.86% annualized return.
ELVA
- 1D
- -3.97%
- 1M
- -15.26%
- 6M
- -24.10%
- YTD
- 4.05%
- 1Y
- 69.14%
- 3Y*
- 25.69%
- 5Y*
- 14.10%
- 10Y*
- -3.29%
- ALL TIME*
- 12.29%
AVGO
- 1D
- 0.37%
- 1M
- 8.00%
- 6M
- 17.93%
- YTD
- 12.89%
- 1Y
- 35.86%
- 3Y*
- 63.70%
- 5Y*
- 54.52%
- 10Y*
- 40.86%
- ALL TIME*
- 40.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AVGO Broadcom Inc. | $7.09B | $8.00B | $10.48B |
| $5.90M | $22.96M | $10.84M |
ELVA vs. AVGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELVA Electrovaya Inc. Common Shares | 4.05% | 218.55% | -18.95% | -17.30% | 2.78% | -38.98% | 686.67% | 48.08% | -80.52% | -67.02% |
AVGO Broadcom Inc. | 12.89% | 50.63% | 110.49% | 104.18% | -13.27% | 56.48% | 44.88% | 29.05% | 2.18% | 48.19% |
Correlation
The correlation between ELVA and AVGO is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2016 | 0.15 |
Over the past year, ELVA and AVGO have become more correlated (0.36) than their long-term average of 0.15, meaning their price movements have been converging.
Fundamentals
ELVA:
$406.95M
AVGO:
$1.85T
ELVA:
$0.11
AVGO:
$6.01
ELVA:
76.50
AVGO:
64.77
ELVA:
0.91
AVGO:
0.80
ELVA:
5.40
AVGO:
25.16
ELVA:
6.74
AVGO:
21.65
ELVA:
$70.74M
AVGO:
$75.47B
ELVA:
$22.01M
AVGO:
$50.53B
ELVA:
$6.86M
AVGO:
$42.03B
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Return for Risk
ELVA vs. AVGO — Risk / Return Rank
ELVA
AVGO
ELVA vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Electrovaya Inc. Common Shares (ELVA) and Broadcom Inc. (AVGO). 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 | AVGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.17 | +0.36 |
| Martin ratioReturn relative to average drawdown | 3.28 | 2.34 | +0.94 |
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Drawdowns
ELVA vs. AVGO - Drawdown Comparison
The maximum ELVA drawdown since its inception was -96.90%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for ELVA and AVGO.
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Drawdown Indicators
| ELVA | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.90% | -48.30% | -48.60% |
Max Drawdown (1Y)Largest decline over 1 year | -44.42% | -28.67% | -15.75% |
Max Drawdown (3Y)Largest decline over 3 years | -56.04% | -41.15% | -14.89% |
Max Drawdown (5Y)Largest decline over 5 years | -65.23% | -41.15% | -24.08% |
Max Drawdown (10Y)Largest decline over 10 years | -96.58% | -48.30% | -48.28% |
Current DrawdownCurrent decline from peak | -48.96% | -19.04% | -29.92% |
Average DrawdownAverage peak-to-trough decline | -73.22% | -8.08% | -65.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.72% | 14.34% | +6.38% |
Volatility
ELVA vs. AVGO - Volatility Comparison
Electrovaya Inc. Common Shares (ELVA) has a higher volatility of 53.40% compared to Broadcom Inc. (AVGO) at 12.66%. This indicates that ELVA's price experiences larger fluctuations and is considered to be riskier than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELVA | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 53.40% | 12.66% | +40.74% |
Volatility (6M)Calculated over the trailing 6-month period | 76.53% | 34.37% | +42.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.24% | 47.48% | +51.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.33% | 43.94% | +29.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.21% | 39.72% | +46.49% |
Dividends
ELVA vs. AVGO - Dividend Comparison
ELVA has not paid dividends to shareholders, while AVGO's dividend yield for the trailing twelve months is around 0.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.65% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
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. AVGO - Financials Comparison
This section allows you to compare key financial metrics between Electrovaya Inc. Common Shares and Broadcom 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
ELVA vs. AVGO - Profitability Comparison
ELVA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
AVGO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Broadcom Inc. reported a gross profit of 14.92B and revenue of 22.19B. Therefore, the gross margin over that period was 67.2%.
ELVA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
AVGO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Broadcom Inc. reported an operating income of 10.87B and revenue of 22.19B, resulting in an operating margin of 49.0%.
ELVA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
AVGO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Broadcom Inc. reported a net income of 9.31B and revenue of 22.19B, resulting in a net margin of 42.0%.
Frequently Asked Questions
ELVA and AVGO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELVA has higher volatility (53.40%) compared to AVGO (12.66%). In terms of maximum drawdown, ELVA dropped -96.90% vs AVGO's -48.30%.
AVGO currently has the higher Sharpe Ratio (0.71 vs 0.69), 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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