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GDYN vs. AVHNY
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

Performance

GDYN vs. AVHNY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grid Dynamics Holdings, Inc. (GDYN) and Ackermans & Van Haaren NV ADR (AVHNY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GDYN achieves a -34.99% return, which is significantly lower than AVHNY's 2.08% return.


GDYN

1D
-0.84%
1M
-8.71%
6M
-38.53%
YTD
-34.99%
1Y
-44.78%
3Y*
-17.12%
5Y*
-21.56%
10Y*

AVHNY

1D
0.00%
1M
0.00%
6M
2.08%
YTD
2.08%
1Y
63.97%
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

GDYN vs. AVHNY - Yearly Performance Comparison


2026 (YTD)20252024
GDYN
Grid Dynamics Holdings, Inc.
-34.99%-59.40%53.80%
AVHNY
Ackermans & Van Haaren NV ADR
2.08%76.45%0.00%

Correlation

The correlation between GDYN and AVHNY is 0.02, 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

0.02

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2024

0.06

Fundamentals

Market Cap

GDYN:

$490.89M

AVHNY:

$8.60B

EPS

GDYN:

$0.06

AVHNY:

€3.21

PE Ratio

GDYN:

95.17

AVHNY:

7.18

PS Ratio

GDYN:

1.21

AVHNY:

0.63

PB Ratio

GDYN:

0.94

AVHNY:

1.32

Total Revenue (TTM)

GDYN:

$415.51M

AVHNY:

€11.98B

Gross Profit (TTM)

GDYN:

$141.58M

AVHNY:

€3.73B

EBITDA (TTM)

GDYN:

$14.03M

AVHNY:

€2.52B

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Return for Risk

GDYN vs. AVHNY — Risk / Return Rank

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

GDYN
GDYN Risk / Return Rank: 99
Overall Rank
GDYN Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
GDYN Sortino Ratio Rank: 1010
Sortino Ratio Rank
GDYN Omega Ratio Rank: 1212
Omega Ratio Rank
GDYN Calmar Ratio Rank: 66
Calmar Ratio Rank
GDYN Martin Ratio Rank: 77
Martin Ratio Rank

AVHNY
AVHNY Risk / Return Rank: 9595
Overall Rank
AVHNY Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
AVHNY Sortino Ratio Rank: 100100
Sortino Ratio Rank
AVHNY Omega Ratio Rank: 100100
Omega Ratio Rank
AVHNY Calmar Ratio Rank: 100100
Calmar Ratio Rank
AVHNY Martin Ratio Rank: 9999
Martin Ratio Rank
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.

GDYN vs. AVHNY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grid Dynamics Holdings, Inc. (GDYN) and Ackermans & Van Haaren NV ADR (AVHNY). 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.


GDYNAVHNYDifference
Sharpe ratioReturn per unit of total volatility

-1.82

Sortino ratioReturn per unit of downside risk

-25.82

Omega ratioGain probability vs. loss probability

0.86

25.42

-24.56

Calmar ratioReturn relative to maximum drawdown

-0.93

24.74

-25.67

Martin ratioReturn relative to average drawdown

-1.47

40.85

-42.32

GDYN vs. AVHNY - Sharpe Ratio Comparison

The current GDYN Sharpe Ratio is -0.82, which is lower than the AVHNY Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of GDYN and AVHNY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

GDYN vs. AVHNY - Drawdown Comparison

The maximum GDYN drawdown since its inception was -87.62%, which is greater than AVHNY's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for GDYN and AVHNY.


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Drawdown Indicators


GDYNAVHNYDifference

Max Drawdown

Largest peak-to-trough decline

-87.62%

-2.64%

-84.98%

Max Drawdown (1Y)

Largest decline over 1 year

-52.68%

-2.64%

-50.04%

Max Drawdown (3Y)

Largest decline over 3 years

-78.34%

Max Drawdown (5Y)

Largest decline over 5 years

-87.62%

Current Drawdown

Current decline from peak

-86.05%

0.00%

-86.05%

Average Drawdown

Average peak-to-trough decline

-45.54%

-0.71%

-44.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

35.64%

1.59%

+34.05%

Volatility

GDYN vs. AVHNY - Volatility Comparison

Grid Dynamics Holdings, Inc. (GDYN) has a higher volatility of 16.87% compared to Ackermans & Van Haaren NV ADR (AVHNY) at 0.00%. This indicates that GDYN's price experiences larger fluctuations and is considered to be riskier than AVHNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


GDYNAVHNYDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.87%

0.00%

+16.87%

Volatility (6M)

Calculated over the trailing 6-month period

42.03%

2.05%

+39.98%

Volatility (1Y)

Calculated over the trailing 1-year period

59.79%

65.47%

-5.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

61.74%

56.71%

+5.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

56.57%

56.71%

-0.14%

Dividends

GDYN vs. AVHNY - Dividend Comparison

GDYN has not paid dividends to shareholders, while AVHNY's dividend yield for the trailing twelve months is around 2.03%.


PositionTTM2025
AVHNY
Ackermans & Van Haaren NV ADR
2.03%1.64%
GDYN
Grid Dynamics Holdings, Inc.
0.00%0.00%

Financials

GDYN vs. AVHNY - Financials Comparison

This section allows you to compare key financial metrics between Grid Dynamics Holdings, Inc. and Ackermans & Van Haaren NV ADR. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.00500.00M1.00B1.50B2.00B2.50B3.00B3.50BJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober2026
104.10M
2.91B
(GDYN) Total Revenue
(AVHNY) Total Revenue
Please note, different currencies. GDYN values in USD, AVHNY values in EUR

GDYN vs. AVHNY - Profitability Comparison

The chart below illustrates the profitability comparison between Grid Dynamics Holdings, Inc. and Ackermans & Van Haaren NV ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

10.0%20.0%30.0%40.0%50.0%60.0%JulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober2026
34.8%
14.1%
Portfolio components
GDYN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Grid Dynamics Holdings, Inc. reported a gross profit of 36.23M and revenue of 104.10M. Therefore, the gross margin over that period was 34.8%.

AVHNY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Ackermans & Van Haaren NV ADR reported a gross profit of 409.06M and revenue of 2.91B. Therefore, the gross margin over that period was 14.1%.

GDYN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Grid Dynamics Holdings, Inc. reported an operating income of -3.68M and revenue of 104.10M, resulting in an operating margin of -3.5%.

AVHNY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Ackermans & Van Haaren NV ADR reported an operating income of 379.86M and revenue of 2.91B, resulting in an operating margin of 13.1%.

GDYN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Grid Dynamics Holdings, Inc. reported a net income of -1.47M and revenue of 104.10M, resulting in a net margin of -1.4%.

AVHNY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Ackermans & Van Haaren NV ADR reported a net income of 316.94M and revenue of 2.91B, resulting in a net margin of 10.9%.


Frequently Asked Questions


GDYN and AVHNY have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GDYN has higher volatility (16.87%) compared to AVHNY (0.00%). In terms of maximum drawdown, GDYN dropped -87.62% vs AVHNY's -2.64%.

AVHNY currently has the higher Sharpe Ratio (1.00 vs -0.82), 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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