ENVX vs. RIVN
Compare and contrast key facts about Enovix Corp (ENVX) and Rivian Automotive, Inc. (RIVN).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENVX or RIVN.
Correlation
The correlation between ENVX and RIVN is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ENVX vs. RIVN - Performance Comparison
Key characteristics
ENVX:
0.18
RIVN:
-0.23
ENVX:
1.16
RIVN:
0.21
ENVX:
1.13
RIVN:
1.03
ENVX:
0.23
RIVN:
-0.19
ENVX:
0.53
RIVN:
-0.57
ENVX:
36.03%
RIVN:
31.38%
ENVX:
106.24%
RIVN:
79.01%
ENVX:
-83.70%
RIVN:
-95.12%
ENVX:
-68.06%
RIVN:
-92.62%
Fundamentals
ENVX:
$2.16B
RIVN:
$12.95B
ENVX:
-$1.45
RIVN:
-$5.60
ENVX:
$13.36M
RIVN:
$3.24B
ENVX:
-$3.10M
RIVN:
-$1.44B
ENVX:
-$95.07M
RIVN:
-$2.95B
Returns By Period
In the year-to-date period, ENVX achieves a 5.24% return, which is significantly higher than RIVN's -4.59% return.
ENVX
5.24%
14.29%
-24.34%
15.79%
N/A
N/A
RIVN
-4.59%
-7.71%
-22.00%
-20.89%
N/A
N/A
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Risk-Adjusted Performance
ENVX vs. RIVN — Risk-Adjusted Performance Rank
ENVX
RIVN
ENVX vs. RIVN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Enovix Corp (ENVX) and Rivian Automotive, Inc. (RIVN). 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.
Dividends
ENVX vs. RIVN - Dividend Comparison
Neither ENVX nor RIVN has paid dividends to shareholders.
Drawdowns
ENVX vs. RIVN - Drawdown Comparison
The maximum ENVX drawdown since its inception was -83.70%, smaller than the maximum RIVN drawdown of -95.12%. Use the drawdown chart below to compare losses from any high point for ENVX and RIVN. For additional features, visit the drawdowns tool.
Volatility
ENVX vs. RIVN - Volatility Comparison
Enovix Corp (ENVX) has a higher volatility of 35.65% compared to Rivian Automotive, Inc. (RIVN) at 27.46%. This indicates that ENVX's price experiences larger fluctuations and is considered to be riskier than RIVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
ENVX vs. RIVN - Financials Comparison
This section allows you to compare key financial metrics between Enovix Corp and Rivian Automotive, 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