GMED vs. INVX
GMED (Globus Medical, Inc.) and INVX (Innovex International, Inc) are both stocks. GMED operates in Medical Devices (Healthcare), while INVX operates in Oil & Gas Equipment & Services (Energy). Over the past 10 years, GMED returned 12.07%/yr vs -8.05%/yr for INVX. At a 0.22 correlation, their price movements are largely independent.
Performance
GMED vs. INVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GMED achieves a -10.54% return, which is significantly lower than INVX's 16.46% return. Over the past 10 years, GMED has outperformed INVX with an annualized return of 12.07%, while INVX has yielded a comparatively lower -8.05% annualized return.
GMED
- 1D
- 1.92%
- 1M
- -2.99%
- 6M
- -17.32%
- YTD
- -10.54%
- 1Y
- 36.75%
- 3Y*
- 8.91%
- 5Y*
- -0.63%
- 10Y*
- 12.07%
INVX
- 1D
- 1.64%
- 1M
- -11.41%
- 6M
- 8.38%
- YTD
- 16.46%
- 1Y
- 57.22%
- 3Y*
- -0.22%
- 5Y*
- -4.39%
- 10Y*
- -8.05%
GMED vs. INVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMED Globus Medical, Inc. | -10.54% | 5.56% | 55.21% | -28.25% | 2.87% | 10.70% | 10.77% | 36.04% | 5.30% | 65.66% |
INVX Innovex International, Inc | 16.46% | 56.55% | -39.97% | -14.35% | 38.06% | -33.56% | -36.86% | 56.21% | -37.04% | -20.57% |
Correlation
The correlation between GMED and INVX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.22 |
Fundamentals
GMED:
$10.53B
INVX:
$1.75B
GMED:
$4.28
INVX:
$0.75
GMED:
18.23
INVX:
34.02
GMED:
0.19
INVX:
0.10
GMED:
3.45
INVX:
1.81
GMED:
2.28
INVX:
1.70
GMED:
$3.10B
INVX:
$976.87M
GMED:
$1.58B
INVX:
$280.46M
GMED:
$803.34M
INVX:
$157.28M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GMED vs. INVX — Risk / Return Rank
GMED
INVX
GMED vs. INVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Globus Medical, Inc. (GMED) and Innovex International, Inc (INVX). 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.
| GMED | INVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.37 | -0.77 |
| Martin ratioReturn relative to average drawdown | 3.87 | 6.48 | -2.62 |
Loading charts...
Drawdowns
GMED vs. INVX - Drawdown Comparison
The maximum GMED drawdown since its inception was -47.91%, smaller than the maximum INVX drawdown of -89.50%. Use the drawdown chart below to compare losses from any high point for GMED and INVX.
Loading charts...
Drawdown Indicators
| GMED | INVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.91% | -89.50% | +41.59% |
Max Drawdown (1Y)Largest decline over 1 year | -22.10% | -23.96% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -58.93% | +14.53% |
Max Drawdown (5Y)Largest decline over 5 years | -47.91% | -68.88% | +20.97% |
Max Drawdown (10Y)Largest decline over 10 years | -47.91% | -81.31% | +33.40% |
Current DrawdownCurrent decline from peak | -19.32% | -78.66% | +59.34% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -45.49% | +30.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.13% | 8.75% | +0.38% |
Volatility
GMED vs. INVX - Volatility Comparison
Globus Medical, Inc. (GMED) has a higher volatility of 13.69% compared to Innovex International, Inc (INVX) at 10.54%. This indicates that GMED's price experiences larger fluctuations and is considered to be riskier than INVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GMED | INVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.69% | 10.54% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 25.33% | 30.46% | -5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.46% | 41.58% | +7.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.27% | 46.24% | -7.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.68% | 46.64% | -10.96% |
Dividends
GMED vs. INVX - Dividend Comparison
Neither GMED nor INVX has paid dividends to shareholders.
Financials
GMED vs. INVX - Financials Comparison
This section allows you to compare key financial metrics between Globus Medical, Inc. and Innovex International, 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
GMED vs. INVX - Profitability Comparison
GMED - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Globus Medical, Inc. reported a gross profit of 0.00 and revenue of 759.85M. Therefore, the gross margin over that period was 0.0%.
INVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Innovex International, Inc reported a gross profit of 84.51M and revenue of 239.03M. Therefore, the gross margin over that period was 35.4%.
GMED - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Globus Medical, Inc. reported an operating income of 150.39M and revenue of 759.85M, resulting in an operating margin of 19.8%.
INVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Innovex International, Inc reported an operating income of -21.83M and revenue of 239.03M, resulting in an operating margin of -9.1%.
GMED - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Globus Medical, Inc. reported a net income of 124.30M and revenue of 759.85M, resulting in a net margin of 16.4%.
INVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Innovex International, Inc reported a net income of -16.67M and revenue of 239.03M, resulting in a net margin of -7.0%.
Frequently Asked Questions
GMED and INVX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMED has higher volatility (13.69%) compared to INVX (10.54%). In terms of maximum drawdown, GMED dropped -47.91% vs INVX's -89.50%.
INVX currently has the higher Sharpe Ratio (1.37 vs 0.71), 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.
Find the right allocation for GMED and INVX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer