ELVA vs. WDC
ELVA (Electrovaya Inc. Common Shares) and WDC (Western Digital Corporation) are both stocks. ELVA operates in Electrical Equipment & Parts (Industrials), while WDC operates in Computer Hardware (Technology). Over the past 10 years, ELVA returned 5.32%/yr vs 34.20%/yr for WDC. At a 0.13 correlation, their price movements are largely independent.
Performance
ELVA vs. WDC - Performance Comparison
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Returns By Period
In the year-to-date period, ELVA achieves a 55.19% return, which is significantly lower than WDC's 245.04% return. Over the past 10 years, ELVA has underperformed WDC with an annualized return of 5.32%, while WDC has yielded a comparatively higher 34.20% annualized return.
ELVA
- 1D
- 8.21%
- 1M
- 29.05%
- YTD
- 55.19%
- 6M
- 161.97%
- 1Y
- 300.65%
- 3Y*
- 52.60%
- 5Y*
- 15.34%
- 10Y*
- 5.32%
WDC
- 1D
- 5.51%
- 1M
- 34.30%
- YTD
- 245.04%
- 6M
- 282.33%
- 1Y
- 1,009.68%
- 3Y*
- 169.70%
- 5Y*
- 59.21%
- 10Y*
- 34.20%
ELVA vs. WDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELVA Electrovaya Inc. Common Shares | 55.19% | 218.55% | -18.95% | -17.30% | 2.78% | -38.98% | 686.67% | 48.08% | -80.52% | -67.02% |
WDC Western Digital Corporation | 245.04% | 283.68% | 13.86% | 65.99% | -51.62% | 17.73% | -10.89% | 77.14% | -51.90% | 19.83% |
Correlation
The correlation between ELVA and WDC is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2016 | 0.13 |
The correlation between ELVA and WDC shifts across timeframes, from 0.13 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ELVA:
$0.11
WDC:
$23.29
ELVA:
113.39
WDC:
25.51
ELVA:
1.35
WDC:
0.59
ELVA:
8.01
WDC:
14.05
ELVA:
$70.74M
WDC:
$11.78B
ELVA:
$22.01M
WDC:
$5.35B
ELVA:
$6.86M
WDC:
$10.88B
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Return for Risk
ELVA vs. WDC — Risk / Return Rank
ELVA
WDC
ELVA vs. WDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Electrovaya Inc. Common Shares (ELVA) and Western Digital Corporation (WDC). 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 | WDC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.62 | 16.12 | -12.50 |
Sortino ratioReturn per unit of downside risk | 3.55 | 7.56 | -4.01 |
Omega ratioGain probability vs. loss probability | 1.44 | 2.05 | -0.61 |
Calmar ratioReturn relative to maximum drawdown | 6.77 | 49.55 | -42.78 |
Martin ratioReturn relative to average drawdown | 16.26 | 177.25 | -160.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ELVA | WDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.62 | 16.12 | -12.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 1.23 | -1.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.71 | -0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.21 | -0.01 |
Drawdowns
ELVA vs. WDC - Drawdown Comparison
The maximum ELVA drawdown since its inception was -96.90%, roughly equal to the maximum WDC drawdown of -96.20%. Use the drawdown chart below to compare losses from any high point for ELVA and WDC.
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Drawdown Indicators
| ELVA | WDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.90% | -96.20% | -0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -44.42% | -20.59% | -23.83% |
Max Drawdown (3Y)Largest decline over 3 years | -64.19% | -49.65% | -14.54% |
Max Drawdown (5Y)Largest decline over 5 years | -67.83% | -60.85% | -6.98% |
Max Drawdown (10Y)Largest decline over 10 years | -96.90% | -70.49% | -26.41% |
Current DrawdownCurrent decline from peak | -23.87% | 0.00% | -23.87% |
Average DrawdownAverage peak-to-trough decline | -73.77% | -52.10% | -21.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.49% | 5.75% | +12.74% |
Volatility
ELVA vs. WDC - Volatility Comparison
Electrovaya Inc. Common Shares (ELVA) has a higher volatility of 27.80% compared to Western Digital Corporation (WDC) at 17.18%. This indicates that ELVA's price experiences larger fluctuations and is considered to be riskier than WDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELVA | WDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.80% | 17.18% | +10.62% |
Volatility (6M)Calculated over the trailing 6-month period | 62.32% | 51.44% | +10.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 83.63% | 63.33% | +20.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.89% | 48.32% | +20.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.12% | 48.38% | +37.74% |
Dividends
ELVA vs. WDC - Dividend Comparison
ELVA has not paid dividends to shareholders, while WDC's dividend yield for the trailing twelve months is around 0.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WDC Western Digital Corporation | 0.08% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 1.81% | 2.36% | 5.41% | 2.51% | 2.94% | 3.33% |
Financials
ELVA vs. WDC - Financials Comparison
This section allows you to compare key financial metrics between Electrovaya Inc. Common Shares and Western Digital Corporation. 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. WDC - 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%.
WDC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported a gross profit of 1.68B and revenue of 3.34B. Therefore, the gross margin over that period was 50.2%.
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%.
WDC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported an operating income of 1.14B and revenue of 3.34B, resulting in an operating margin of 34.0%.
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%.
WDC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Western Digital Corporation reported a net income of 3.21B and revenue of 3.34B, resulting in a net margin of 96.0%.
Frequently Asked Questions
ELVA and WDC have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELVA has higher volatility (27.80%) compared to WDC (17.18%). In terms of maximum drawdown, ELVA dropped -96.90% vs WDC's -96.20%.
WDC currently has the higher Sharpe Ratio (16.12 vs 3.62), 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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