GLRE vs. AVNW
GLRE (Greenlight Capital Re, Ltd.) and AVNW (Aviat Networks, Inc.) are both stocks. GLRE operates in Insurance - Reinsurance (Financial Services), while AVNW operates in Communication Equipment (Technology). Over the past 10 years, GLRE returned -1.75%/yr vs 18.21%/yr for AVNW. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
GLRE vs. AVNW - Performance Comparison
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Returns By Period
In the year-to-date period, GLRE achieves a 14.20% return, which is significantly higher than AVNW's -4.21% return. Over the past 10 years, GLRE has underperformed AVNW with an annualized return of -1.75%, while AVNW has yielded a comparatively higher 18.21% annualized return.
GLRE
- 1D
- 0.00%
- 1M
- 1.71%
- 6M
- 20.04%
- YTD
- 14.20%
- 1Y
- 30.49%
- 3Y*
- 16.95%
- 5Y*
- 13.60%
- 10Y*
- -1.75%
- ALL TIME*
- -1.67%
AVNW
- 1D
- -2.24%
- 1M
- -3.26%
- 6M
- -6.10%
- YTD
- -4.21%
- 1Y
- -1.82%
- 3Y*
- -13.11%
- 5Y*
- -11.29%
- 10Y*
- 18.21%
- ALL TIME*
- -8.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.04M | $2.54M | $3.52M | |
| $2.47M | $2.65M | $2.97M |
GLRE vs. AVNW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLRE Greenlight Capital Re, Ltd. | 14.20% | 4.14% | 22.59% | 40.12% | 3.95% | 7.25% | -27.70% | 17.29% | -57.11% | -11.84% |
AVNW Aviat Networks, Inc. | -4.21% | 18.06% | -44.55% | 4.71% | -2.77% | 87.88% | 143.06% | 6.04% | -12.66% | 9.69% |
Correlation
The correlation between GLRE and AVNW is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.16 |
Correlation (All Time) Calculated using the full available price history since May 24, 2007 | 0.22 |
The correlation between GLRE and AVNW shifts across timeframes, from 0.05 (1 year) to 0.23 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
GLRE:
$552.22M
AVNW:
$265.00M
GLRE:
$2.37
AVNW:
$0.70
GLRE:
7.02
AVNW:
29.47
GLRE:
0.80
AVNW:
0.61
GLRE:
0.77
AVNW:
0.97
GLRE:
$706.45M
AVNW:
$434.14M
GLRE:
$274.94M
AVNW:
$140.51M
GLRE:
$50.58M
AVNW:
$27.72M
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Return for Risk
GLRE vs. AVNW — Risk / Return Rank
GLRE
AVNW
GLRE vs. AVNW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Greenlight Capital Re, Ltd. (GLRE) and Aviat Networks, Inc. (AVNW). 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.
| GLRE | AVNW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.05 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | -0.12 | +1.36 |
| Martin ratioReturn relative to average drawdown | 3.72 | -0.28 | +4.00 |
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Drawdowns
GLRE vs. AVNW - Drawdown Comparison
The maximum GLRE drawdown since its inception was -85.00%, smaller than the maximum AVNW drawdown of -97.67%. Use the drawdown chart below to compare losses from any high point for GLRE and AVNW.
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Drawdown Indicators
| GLRE | AVNW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.00% | -97.67% | +12.67% |
Max Drawdown (1Y)Largest decline over 1 year | -22.68% | -43.57% | +20.89% |
Max Drawdown (3Y)Largest decline over 3 years | -22.80% | -64.27% | +41.47% |
Max Drawdown (5Y)Largest decline over 5 years | -26.13% | -65.40% | +39.27% |
Max Drawdown (10Y)Largest decline over 10 years | -78.08% | -68.58% | -9.50% |
Current DrawdownCurrent decline from peak | -52.43% | -84.56% | +32.13% |
Average DrawdownAverage peak-to-trough decline | -42.32% | -81.25% | +38.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.57% | 18.24% | -10.67% |
Volatility
GLRE vs. AVNW - Volatility Comparison
The current volatility for Greenlight Capital Re, Ltd. (GLRE) is 10.51%, while Aviat Networks, Inc. (AVNW) has a volatility of 12.20%. This indicates that GLRE experiences smaller price fluctuations and is considered to be less risky than AVNW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLRE | AVNW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.51% | 12.20% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 21.29% | 55.77% | -34.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.43% | 59.65% | -33.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.88% | 51.92% | -25.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.87% | 55.06% | -23.19% |
Dividends
GLRE vs. AVNW - Dividend Comparison
Neither GLRE nor AVNW has paid dividends to shareholders.
Financials
GLRE vs. AVNW - Financials Comparison
This section allows you to compare key financial metrics between Greenlight Capital Re, Ltd. and Aviat Networks, 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
GLRE vs. AVNW - Profitability Comparison
GLRE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Greenlight Capital Re, Ltd. reported a gross profit of 0.00 and revenue of 189.66M. Therefore, the gross margin over that period was 0.0%.
AVNW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Aviat Networks, Inc. reported a gross profit of 29.28M and revenue of 100.00M. Therefore, the gross margin over that period was 29.3%.
GLRE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Greenlight Capital Re, Ltd. reported an operating income of 0.00 and revenue of 189.66M, resulting in an operating margin of 0.0%.
AVNW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Aviat Networks, Inc. reported an operating income of 939.00K and revenue of 100.00M, resulting in an operating margin of 0.9%.
GLRE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Greenlight Capital Re, Ltd. reported a net income of 35.75M and revenue of 189.66M, resulting in a net margin of 18.9%.
AVNW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Aviat Networks, Inc. reported a net income of -2.07M and revenue of 100.00M, resulting in a net margin of -2.1%.
Frequently Asked Questions
GLRE and AVNW have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVNW has higher volatility (12.20%) compared to GLRE (10.51%). In terms of maximum drawdown, GLRE dropped -85.00% vs AVNW's -97.67%.
GLRE currently has the higher Sharpe Ratio (1.07 vs -0.09), 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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