ENV vs. AVDX
ENV (Envestnet, Inc.) and AVDX (AvidXchange Holdings, Inc.) are both stocks. Both are in the Technology sector — ENV in Software - Application, AVDX in Software - Infrastructure. At a 0.31 correlation, their price movements are largely independent.
Performance
ENV vs. AVDX - Performance Comparison
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Returns By Period
ENV
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVDX
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENV vs. AVDX - Yearly Performance Comparison
| 2025 (YTD) | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
ENV Envestnet, Inc. | 0.00% | 27.50% | -19.74% | -22.23% | -3.92% |
AVDX AvidXchange Holdings, Inc. | -3.29% | -16.55% | 24.65% | -34.00% | -39.62% |
Correlation
The correlation between ENV and AVDX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.31 |
Over the past year, the correlation between ENV and AVDX has dropped to 0.06 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
ENV:
$1.34B
AVDX:
$446.72M
ENV:
$911.20M
AVDX:
$323.96M
ENV:
-$92.97M
AVDX:
$36.84M
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Return for Risk
ENV vs. AVDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Envestnet, Inc. (ENV) and AvidXchange Holdings, Inc. (AVDX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
ENV vs. AVDX - Drawdown Comparison
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Volatility
ENV vs. AVDX - Volatility Comparison
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Dividends
ENV vs. AVDX - Dividend Comparison
Neither ENV nor AVDX has paid dividends to shareholders.
Financials
ENV vs. AVDX - Financials Comparison
This section allows you to compare key financial metrics between Envestnet, Inc. and AvidXchange Holdings, 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
Frequently Asked Questions
ENV and AVDX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ENV and AVDX
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