ELVA vs. NEXA
ELVA (Electrovaya Inc. Common Shares) and NEXA (Nexa Resources S.A.) are both stocks. ELVA operates in Electrical Equipment & Parts (Industrials), while NEXA operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, ELVA returned 12.21%/yr vs 10.33%/yr for NEXA. At a 0.11 correlation, their price movements are largely independent.
Performance
ELVA vs. NEXA - Performance Comparison
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Returns By Period
In the year-to-date period, ELVA achieves a 26.08% return, which is significantly lower than NEXA's 53.45% return.
ELVA
- 1D
- -3.68%
- 1M
- -8.46%
- YTD
- 26.08%
- 6M
- 28.85%
- 1Y
- 197.31%
- 3Y*
- 38.73%
- 5Y*
- 12.21%
- 10Y*
- -1.29%
NEXA
- 1D
- -2.65%
- 1M
- -6.15%
- YTD
- 53.45%
- 6M
- 52.58%
- 1Y
- 184.10%
- 3Y*
- 41.82%
- 5Y*
- 10.33%
- 10Y*
- —
ELVA vs. NEXA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELVA Electrovaya Inc. Common Shares | 26.08% | 218.55% | -18.95% | -17.30% | 2.78% | -38.98% | 686.67% | 48.08% | -80.52% | -30.67% |
NEXA Nexa Resources S.A. | 53.45% | 2.67% | 23.25% | 22.07% | -20.07% | -16.38% | 28.63% | -28.32% | -37.43% | 18.85% |
Correlation
The correlation between ELVA and NEXA is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.11 |
The correlation between ELVA and NEXA shifts across timeframes, from 0.11 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ELVA:
$514.53M
NEXA:
$1.80B
ELVA:
$0.11
NEXA:
$1.59
ELVA:
92.11
NEXA:
8.56
ELVA:
1.09
NEXA:
0.48
ELVA:
6.51
NEXA:
0.55
ELVA:
8.17
NEXA:
1.58
ELVA:
$70.74M
NEXA:
$3.24B
ELVA:
$22.01M
NEXA:
$733.72M
ELVA:
$6.86M
NEXA:
$1.10B
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Return for Risk
ELVA vs. NEXA — Risk / Return Rank
ELVA
NEXA
ELVA vs. NEXA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Electrovaya Inc. Common Shares (ELVA) and Nexa Resources S.A. (NEXA). 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 | NEXA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.42 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.47 | 4.97 | -0.49 |
| Martin ratioReturn relative to average drawdown | 10.50 | 15.37 | -4.87 |
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Drawdowns
ELVA vs. NEXA - Drawdown Comparison
The maximum ELVA drawdown since its inception was -96.90%, which is greater than NEXA's maximum drawdown of -85.01%. Use the drawdown chart below to compare losses from any high point for ELVA and NEXA.
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Drawdown Indicators
| ELVA | NEXA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.90% | -85.01% | -11.89% |
Max Drawdown (1Y)Largest decline over 1 year | -44.42% | -37.31% | -7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -64.19% | -47.02% | -17.17% |
Max Drawdown (5Y)Largest decline over 5 years | -66.14% | -62.86% | -3.28% |
Max Drawdown (10Y)Largest decline over 10 years | -96.90% | — | — |
Current DrawdownCurrent decline from peak | -38.16% | -18.78% | -19.38% |
Average DrawdownAverage peak-to-trough decline | -73.54% | -51.24% | -22.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.88% | 12.03% | +6.85% |
Volatility
ELVA vs. NEXA - Volatility Comparison
Electrovaya Inc. Common Shares (ELVA) and Nexa Resources S.A. (NEXA) have volatilities of 22.74% and 22.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELVA | NEXA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.74% | 22.51% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 58.89% | 59.29% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.60% | 65.67% | +18.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.33% | 57.62% | +11.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.82% | 59.89% | +24.93% |
Dividends
ELVA vs. NEXA - Dividend Comparison
Neither ELVA nor NEXA has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ELVA Electrovaya Inc. Common Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEXA Nexa Resources S.A. | 0.00% | 1.14% | 0.00% | 2.64% | 6.26% | 3.36% | 3.92% | 6.46% | 5.04% |
Financials
ELVA vs. NEXA - Financials Comparison
This section allows you to compare key financial metrics between Electrovaya Inc. Common Shares and Nexa Resources S.A.. 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. NEXA - Profitability Comparison
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%.
NEXA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nexa Resources S.A. reported a gross profit of 272.15M and revenue of 888.32M. Therefore, the gross margin over that period was 30.6%.
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%.
NEXA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nexa Resources S.A. reported an operating income of 218.06M and revenue of 888.32M, resulting in an operating margin of 24.6%.
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%.
NEXA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nexa Resources S.A. reported a net income of 89.31M and revenue of 888.32M, resulting in a net margin of 10.1%.
Frequently Asked Questions
ELVA and NEXA have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELVA has higher volatility (22.74%) compared to NEXA (22.51%). In terms of maximum drawdown, ELVA dropped -96.90% vs NEXA's -85.01%.
NEXA currently has the higher Sharpe Ratio (2.82 vs 2.35), 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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