ELVA vs. PZG
ELVA (Electrovaya Inc. Common Shares) and PZG (Paramount Gold Nevada Corp.) are both stocks. ELVA operates in Electrical Equipment & Parts (Industrials), while PZG operates in Gold (Basic Materials). Over the past 10 years, ELVA returned -3.29%/yr vs -7.02%/yr for PZG. Their 0.09 correlation means their historical movements had little consistent relationship.
Performance
ELVA vs. PZG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ELVA achieves a 4.05% return, which is significantly higher than PZG's -11.11% return. Over the past 10 years, ELVA has outperformed PZG with an annualized return of -3.29%, while PZG has yielded a comparatively lower -7.02% 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%
PZG
- 1D
- -3.45%
- 1M
- -6.67%
- 6M
- -36.72%
- YTD
- -11.11%
- 1Y
- 73.81%
- 3Y*
- 52.15%
- 5Y*
- 4.47%
- 10Y*
- -7.02%
- ALL TIME*
- -5.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.90M | $22.96M | $10.84M | |
| $464.35K | $496.83K | $763.62K |
ELVA vs. PZG - 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% |
PZG Paramount Gold Nevada Corp. | -11.11% | 268.42% | -8.80% | 8.70% | -50.62% | -40.29% | 51.28% | -6.82% | -36.15% | -26.97% |
Correlation
The correlation between ELVA and PZG is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2016 | 0.09 |
The correlation between ELVA and PZG shifts across timeframes, from 0.09 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ELVA:
$406.95M
PZG:
$96.08M
ELVA:
$0.11
PZG:
-$0.08
ELVA:
6.74
PZG:
2.64
ELVA:
$70.74M
PZG:
$0.00
ELVA:
$22.01M
PZG:
-$892.14K
ELVA:
$6.86M
PZG:
-$11.01M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ELVA vs. PZG — Risk / Return Rank
ELVA
PZG
ELVA vs. PZG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Electrovaya Inc. Common Shares (ELVA) and Paramount Gold Nevada Corp. (PZG). 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 | PZG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.33 | +0.21 |
| Martin ratioReturn relative to average drawdown | 3.28 | 2.57 | +0.71 |
Loading charts...
Drawdowns
ELVA vs. PZG - Drawdown Comparison
The maximum ELVA drawdown since its inception was -96.90%, roughly equal to the maximum PZG drawdown of -93.81%. Use the drawdown chart below to compare losses from any high point for ELVA and PZG.
Loading charts...
Drawdown Indicators
| ELVA | PZG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.90% | -93.81% | -3.09% |
Max Drawdown (1Y)Largest decline over 1 year | -44.42% | -60.30% | +15.88% |
Max Drawdown (3Y)Largest decline over 3 years | -56.04% | -60.30% | +4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -65.23% | -70.73% | +5.50% |
Max Drawdown (10Y)Largest decline over 10 years | -96.58% | -88.08% | -8.50% |
Current DrawdownCurrent decline from peak | -48.96% | -74.66% | +25.70% |
Average DrawdownAverage peak-to-trough decline | -73.22% | -68.60% | -4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.72% | 31.12% | -10.40% |
Volatility
ELVA vs. PZG - Volatility Comparison
Electrovaya Inc. Common Shares (ELVA) has a higher volatility of 53.40% compared to Paramount Gold Nevada Corp. (PZG) at 19.46%. This indicates that ELVA's price experiences larger fluctuations and is considered to be riskier than PZG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ELVA | PZG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 53.40% | 19.46% | +33.94% |
Volatility (6M)Calculated over the trailing 6-month period | 76.53% | 56.01% | +20.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 99.24% | 74.21% | +25.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.33% | 63.58% | +9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.21% | 60.34% | +25.87% |
Dividends
ELVA vs. PZG - Dividend Comparison
Neither ELVA nor PZG has paid dividends to shareholders.
Financials
ELVA vs. PZG - Financials Comparison
This section allows you to compare key financial metrics between Electrovaya Inc. Common Shares and Paramount Gold Nevada Corp.. 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
Frequently Asked Questions
ELVA and PZG have a correlation of 0.27, 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 PZG (19.46%). In terms of maximum drawdown, ELVA dropped -96.90% vs PZG's -93.81%.
PZG currently has the higher Sharpe Ratio (1.08 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.
Find the right allocation for ELVA and PZG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer