GVA vs. VNET

Last updated Jun 3, 2026

GVA (Granite Construction Incorporated) and VNET (21Vianet Group, Inc.) are both stocks. GVA operates in Engineering & Construction (Industrials), while VNET operates in Information Technology Services (Technology). Over the past 10 years, GVA returned 13.74%/yr vs -2.37%/yr for VNET. At a 0.18 correlation, their price movements are largely independent.

Performance

GVA vs. VNET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Granite Construction Incorporated (GVA) and 21Vianet Group, Inc. (VNET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GVA achieves a 18.68% return, which is significantly lower than VNET's 27.42% return. Over the past 10 years, GVA has outperformed VNET with an annualized return of 13.74%, while VNET has yielded a comparatively lower -2.37% annualized return.

GVA

• 1D: 0.16%
• 1M: -1.92%
• YTD: 18.68%
• 6M: 28.73%
• 1Y: 55.71%
• 3Y*: 53.93%
• 5Y*: 29.01%
• 10Y*: 13.74%

VNET

• 1D: 1.70%
• 1M: 29.26%
• YTD: 27.42%
• 6M: 22.92%
• 1Y: 95.29%
• 3Y*: 55.45%
• 5Y*: -12.14%
• 10Y*: -2.37%

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

GVA vs. VNET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GVA Granite Construction Incorporated	18.68%	32.23%	73.75%	46.84%	-7.82%	46.80%	-0.65%	-30.28%	-35.80%	16.45%
VNET 21Vianet Group, Inc.	27.42%	78.48%	65.16%	-49.38%	-37.21%	-73.97%	378.48%	-16.09%	8.27%	13.84%

Correlation

The correlation between GVA and VNET is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Apr 25, 2011	0.18

Fundamentals

Market Cap GVA : $5.95B VNET : $2.96B
EPS GVA : $3.65 VNET : -$8.15
PS Ratio GVA : 1.49 VNET : 0.29
PB Ratio GVA : 5.77 VNET : 0.70
Total Revenue (TTM) GVA : $4.64B VNET : $10.34B
Gross Profit (TTM) GVA : $737.27M VNET : $2.23B
EBITDA (TTM) GVA : $472.98M VNET : $2.45B

Return for Risk

GVA vs. VNET — Risk / Return Rank

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

GVA

GVA Risk / Return Rank: 88
GVA Sharpe Ratio Rank: 88
GVA Sortino Ratio Rank: 91
GVA Omega Ratio Rank: 87
GVA Calmar Ratio Rank: 86
GVA Martin Ratio Rank: 87

VNET

VNET Risk / Return Rank: 75
VNET Sharpe Ratio Rank: 75
VNET Sortino Ratio Rank: 76
VNET Omega Ratio Rank: 71
VNET Calmar Ratio Rank: 77
VNET Martin Ratio Rank: 74

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.

GVA vs. VNET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Granite Construction Incorporated (GVA) and 21Vianet Group, Inc. (VNET). 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.

	GVA	VNET	Difference
Sharpe ratio Return per unit of total volatility	2.14	1.20	+0.94
Sortino ratio Return per unit of downside risk	3.38	2.14	+1.25
Omega ratio Gain probability vs. loss probability	1.40	1.24	+0.16
Calmar ratio Return relative to maximum drawdown	3.65	2.35	+1.30
Martin ratio Return relative to average drawdown	10.39	4.89	+5.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GVA vs. VNET - Sharpe Ratio Comparison

The current GVA Sharpe Ratio is 2.14, which is higher than the VNET Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of GVA and VNET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GVA	VNET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	1.20	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	-0.13	+1.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	-0.03	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	-0.05	+0.30

Drawdowns

GVA vs. VNET - Drawdown Comparison

The maximum GVA drawdown since its inception was -84.72%, smaller than the maximum VNET drawdown of -96.67%. Use the drawdown chart below to compare losses from any high point for GVA and VNET.

Drawdown Indicators

	GVA	VNET	Difference
Max Drawdown Largest peak-to-trough decline	-84.72%	-96.67%	+11.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.69%	-43.41%	+28.72%
Max Drawdown (3Y) Largest decline over 3 years	-29.06%	-67.71%	+38.65%
Max Drawdown (5Y) Largest decline over 5 years	-39.44%	-94.29%	+54.85%
Max Drawdown (10Y) Largest decline over 10 years	-84.72%	-96.67%	+11.95%
Current Drawdown Current decline from peak	-4.46%	-74.69%	+70.23%
Average Drawdown Average peak-to-trough decline	-31.17%	-60.74%	+29.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	20.83%	-15.67%

Volatility

GVA vs. VNET - Volatility Comparison

The current volatility for Granite Construction Incorporated (GVA) is 7.77%, while 21Vianet Group, Inc. (VNET) has a volatility of 28.58%. This indicates that GVA experiences smaller price fluctuations and is considered to be less risky than VNET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GVA	VNET	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.77%	28.58%	-20.81%
Volatility (6M) Calculated over the trailing 6-month period	20.90%	53.55%	-32.65%
Volatility (1Y) Calculated over the trailing 1-year period	26.20%	80.21%	-54.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.83%	95.65%	-65.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.33%	81.46%	-40.13%

Dividends

GVA vs. VNET - Dividend Comparison

GVA's dividend yield for the trailing twelve months is around 0.38%, while VNET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GVA Granite Construction Incorporated	0.38%	0.45%	0.59%	1.02%	1.48%	1.34%	1.95%	1.88%	1.29%	0.82%	0.95%	1.21%
VNET 21Vianet Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

GVA vs. VNET - Profitability Comparison

The chart below illustrates the profitability comparison between Granite Construction Incorporated and 21Vianet Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GVA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Granite Construction Incorporated reported a gross profit of 109.91M and revenue of 912.47M. Therefore, the gross margin over that period was 12.0%.

VNET - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, 21Vianet Group, Inc. reported a gross profit of 615.87M and revenue of 2.69B. Therefore, the gross margin over that period was 22.9%.

GVA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Granite Construction Incorporated reported an operating income of -31.05M and revenue of 912.47M, resulting in an operating margin of -3.4%.

VNET - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, 21Vianet Group, Inc. reported an operating income of 246.93M and revenue of 2.69B, resulting in an operating margin of 9.2%.

GVA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Granite Construction Incorporated reported a net income of -41.70M and revenue of 912.47M, resulting in a net margin of -4.6%.

VNET - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, 21Vianet Group, Inc. reported a net income of -2.23B and revenue of 2.69B, resulting in a net margin of -82.8%.

Frequently Asked Questions

Can I hold both GVA and VNET in my portfolio?

GVA and VNET have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GVA or VNET?

VNET has higher volatility (28.58%) compared to GVA (7.77%). In terms of maximum drawdown, GVA dropped -84.72% vs VNET's -96.67%.

Which has better risk-adjusted returns?

GVA currently has the higher Sharpe Ratio (2.14 vs 1.20), 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.