INNV vs. CELC

Last updated Jun 23, 2026

INNV (InnovAge Holding Corp.) and CELC (Celcuity Inc.) are both stocks. Both are in the Healthcare sector — INNV in Medical Care Facilities, CELC in Diagnostics & Research. Over the past 5 years, INNV returned -16.14%/yr vs 28.92%/yr for CELC. At a 0.17 correlation, their price movements are largely independent.

Performance

INNV vs. CELC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in InnovAge Holding Corp. (INNV) and Celcuity Inc. (CELC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INNV achieves a 77.46% return, which is significantly higher than CELC's -9.84% return.

INNV

• 1D: 2.68%
• 1M: 27.92%
• YTD: 77.46%
• 6M: 62.15%
• 1Y: 136.76%
• 3Y*: 7.61%
• 5Y*: -16.14%
• 10Y*: —

CELC

• 1D: 2.47%
• 1M: -34.94%
• YTD: -9.84%
• 6M: -11.08%
• 1Y: 675.26%
• 3Y*: 98.49%
• 5Y*: 28.92%
• 10Y*: —

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

INNV vs. CELC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
INNV InnovAge Holding Corp.	77.46%	32.06%	-34.50%	-16.43%	43.60%	-79.17%
CELC Celcuity Inc.	-9.84%	661.96%	-10.16%	4.00%	6.22%	-11.77%

Correlation

The correlation between INNV and CELC is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021	0.17

The correlation between INNV and CELC shifts across timeframes, from 0.11 (1 year) to 0.21 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap INNV : $1.25B CELC : $4.90B
EPS INNV : -$0.16 CELC : -$3.95
PB Ratio INNV : 5.37 CELC : 91.51
Total Revenue (TTM) INNV : $945.90M CELC : $0.00
Gross Profit (TTM) INNV : $140.05M CELC : -$41.00K
EBITDA (TTM) INNV : $5.26M CELC : -$168.13M

Return for Risk

INNV vs. CELC — Risk / Return Rank

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

INNV

INNV Risk / Return Rank: 85
INNV Sharpe Ratio Rank: 84
INNV Sortino Ratio Rank: 84
INNV Omega Ratio Rank: 81
INNV Calmar Ratio Rank: 89
INNV Martin Ratio Rank: 85

CELC

CELC Risk / Return Rank: 99
CELC Sharpe Ratio Rank: 97
CELC Sortino Ratio Rank: 99
CELC Omega Ratio Rank: 99
CELC Calmar Ratio Rank: 99
CELC Martin Ratio Rank: 99

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.

INNV vs. CELC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for InnovAge Holding Corp. (INNV) and Celcuity Inc. (CELC). 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.

	INNV	CELC	Difference
Sharpe ratio: Return per unit of total volatility	1.64	3.74	-2.10
Sortino ratio: Return per unit of downside risk	2.54	6.86	-4.32
Omega ratio: Gain probability vs. loss probability	1.30	1.95	-0.65
Calmar ratio: Return relative to maximum drawdown	4.14	17.14	-13.00
Martin ratio: Return relative to average drawdown	8.13	56.87	-48.74

INNV vs. CELC - Sharpe Ratio Comparison

The current INNV Sharpe Ratio is 1.64, which is lower than the CELC Sharpe Ratio of 3.74. The chart below compares the historical Sharpe Ratios of INNV and CELC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INNV vs. CELC - Drawdown Comparison

The maximum INNV drawdown since its inception was -89.92%, roughly equal to the maximum CELC drawdown of -85.64%. Use the drawdown chart below to compare losses from any high point for INNV and CELC.

Drawdown Indicators

	INNV	CELC	Difference
Max Drawdown Largest peak-to-trough decline	-89.92%	-85.64%	-4.28%
Max Drawdown (1Y) Largest decline over 1 year	-33.21%	-39.77%	+6.56%
Max Drawdown (3Y) Largest decline over 3 years	-65.42%	-61.99%	-3.43%
Max Drawdown (5Y) Largest decline over 5 years	-88.24%	-82.70%	-5.54%
Current Drawdown Current decline from peak	-64.63%	-37.97%	-26.66%
Average Drawdown Average peak-to-trough decline	-72.30%	-44.95%	-27.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.89%	11.96%	+4.93%

Volatility

INNV vs. CELC - Volatility Comparison

The current volatility for InnovAge Holding Corp. (INNV) is 14.79%, while Celcuity Inc. (CELC) has a volatility of 32.15%. This indicates that INNV experiences smaller price fluctuations and is considered to be less risky than CELC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INNV	CELC	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.79%	32.15%	-17.36%
Volatility (6M) Calculated over the trailing 6-month period	50.67%	49.61%	+1.06%
Volatility (1Y) Calculated over the trailing 1-year period	83.83%	182.63%	-98.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.66%	101.52%	-26.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.21%	91.58%	-18.37%

Dividends

INNV vs. CELC - Dividend Comparison

Neither INNV nor CELC has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both INNV and CELC in my portfolio?

INNV and CELC have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INNV or CELC?

CELC has higher volatility (32.15%) compared to INNV (14.79%). In terms of maximum drawdown, INNV dropped -89.92% vs CELC's -85.64%.

Which has better risk-adjusted returns?

CELC currently has the higher Sharpe Ratio (3.74 vs 1.64), 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.