ENVA vs. NOW

Last updated Jun 13, 2026

ENVA (Enova International, Inc.) and NOW (ServiceNow, Inc) are both stocks. ENVA operates in Credit Services (Financial Services), while NOW operates in Software - Application (Technology). Over the past 10 years, ENVA returned 38.77%/yr vs 21.48%/yr for NOW. At a 0.24 correlation, their price movements are largely independent.

Performance

ENVA vs. NOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Enova International, Inc. (ENVA) and ServiceNow, Inc (NOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENVA achieves a 20.44% return, which is significantly higher than NOW's -33.32% return. Over the past 10 years, ENVA has outperformed NOW with an annualized return of 38.77%, while NOW has yielded a comparatively lower 21.48% annualized return.

ENVA

• 1D: -0.14%
• 1M: 13.51%
• YTD: 20.44%
• 6M: 16.35%
• 1Y: 102.88%
• 3Y*: 53.36%
• 5Y*: 39.68%
• 10Y*: 38.77%

NOW

• 1D: -0.90%
• 1M: 12.87%
• YTD: -33.32%
• 6M: -40.96%
• 1Y: -48.34%
• 3Y*: -2.72%
• 5Y*: 0.51%
• 10Y*: 21.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENVA vs. NOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENVA Enova International, Inc.	20.44%	63.95%	73.19%	44.28%	-6.32%	65.36%	2.95%	23.64%	28.03%	21.12%
NOW ServiceNow, Inc	-33.32%	-27.75%	50.05%	81.96%	-40.18%	17.93%	94.97%	58.56%	36.55%	75.40%

Correlation

The correlation between ENVA and NOW is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014	0.24

The correlation between ENVA and NOW shifts across timeframes, from 0.16 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ENVA : $4.99B NOW : $106.24B
EPS ENVA : $12.29 NOW : $1.68
PE Ratio ENVA : 15.40 NOW : 60.81
PEG Ratio ENVA : 0.83 NOW : 0.51
PS Ratio ENVA : 1.53 NOW : 7.65
PB Ratio ENVA : 3.56 NOW : 7.83
Total Revenue (TTM) ENVA : $3.28B NOW : $13.96B
Gross Profit (TTM) ENVA : $1.23B NOW : $10.69B
EBITDA (TTM) ENVA : $456.13M NOW : $2.80B

Return for Risk

ENVA vs. NOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENVA

ENVA Risk / Return Rank: 91
ENVA Sharpe Ratio Rank: 94
ENVA Sortino Ratio Rank: 91
ENVA Omega Ratio Rank: 90
ENVA Calmar Ratio Rank: 89
ENVA Martin Ratio Rank: 89

NOW

NOW Risk / Return Rank: 8
NOW Sharpe Ratio Rank: 5
NOW Sortino Ratio Rank: 7
NOW Omega Ratio Rank: 7
NOW Calmar Ratio Rank: 11
NOW Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENVA vs. NOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Enova International, Inc. (ENVA) and ServiceNow, Inc (NOW). 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.

	ENVA	NOW	Difference
Sharpe ratio: Return per unit of total volatility	2.60	-0.99	+3.59
Sortino ratio: Return per unit of downside risk	3.20	-1.44	+4.64
Omega ratio: Gain probability vs. loss probability	1.40	0.82	+0.59
Calmar ratio: Return relative to maximum drawdown	4.04	-0.82	+4.86
Martin ratio: Return relative to average drawdown	10.44	-1.45	+11.89

ENVA vs. NOW - Sharpe Ratio Comparison

The current ENVA Sharpe Ratio is 2.60, which is higher than the NOW Sharpe Ratio of -0.99. The chart below compares the historical Sharpe Ratios of ENVA and NOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ENVA vs. NOW - Drawdown Comparison

The maximum ENVA drawdown since its inception was -84.26%, which is greater than NOW's maximum drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for ENVA and NOW.

Drawdown Indicators

	ENVA	NOW	Difference
Max Drawdown Largest peak-to-trough decline	-84.26%	-64.54%	-19.72%
Max Drawdown (1Y) Largest decline over 1 year	-24.75%	-60.28%	+35.53%
Max Drawdown (3Y) Largest decline over 3 years	-37.01%	-64.54%	+27.53%
Max Drawdown (5Y) Largest decline over 5 years	-42.84%	-64.54%	+21.70%
Max Drawdown (10Y) Largest decline over 10 years	-77.57%	-64.54%	-13.03%
Current Drawdown Current decline from peak	-0.14%	-56.36%	+56.22%
Average Drawdown Average peak-to-trough decline	-31.82%	-13.78%	-18.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.57%	34.02%	-24.45%

Volatility

ENVA vs. NOW - Volatility Comparison

The current volatility for Enova International, Inc. (ENVA) is 11.26%, while ServiceNow, Inc (NOW) has a volatility of 25.56%. This indicates that ENVA experiences smaller price fluctuations and is considered to be less risky than NOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENVA	NOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.26%	25.56%	-14.30%
Volatility (6M) Calculated over the trailing 6-month period	28.77%	47.01%	-18.24%
Volatility (1Y) Calculated over the trailing 1-year period	38.58%	50.12%	-11.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.33%	43.44%	-3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.25%	40.86%	+8.39%

Dividends

ENVA vs. NOW - Dividend Comparison

Neither ENVA nor NOW has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

ENVA vs. NOW - Profitability Comparison

The chart below illustrates the profitability comparison between Enova International, Inc. and ServiceNow, Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ENVA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Enova International, Inc. reported a gross profit of 0.00 and revenue of 875.14M. Therefore, the gross margin over that period was 0.0%.

NOW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported a gross profit of 2.83B and revenue of 3.77B. Therefore, the gross margin over that period was 75.1%.

ENVA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Enova International, Inc. reported an operating income of 207.11M and revenue of 875.14M, resulting in an operating margin of 23.7%.

NOW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported an operating income of 503.00M and revenue of 3.77B, resulting in an operating margin of 13.3%.

ENVA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Enova International, Inc. reported a net income of 91.10M and revenue of 875.14M, resulting in a net margin of 10.4%.

NOW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported a net income of 469.00M and revenue of 3.77B, resulting in a net margin of 12.4%.

Frequently Asked Questions

Can I hold both ENVA and NOW in my portfolio?

ENVA and NOW have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ENVA or NOW?

NOW has higher volatility (25.56%) compared to ENVA (11.26%). In terms of maximum drawdown, ENVA dropped -84.26% vs NOW's -64.54%.

Which has better risk-adjusted returns?

ENVA currently has the higher Sharpe Ratio (2.60 vs -0.99), 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.