INNV vs. DVA
INNV (InnovAge Holding Corp.) and DVA (DaVita Inc.) are both stocks. Both operate in the Medical Care Facilities industry within the Healthcare sector. Over the past 5 years, INNV returned -7.59%/yr vs 14.83%/yr for DVA. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
INNV vs. DVA - Performance Comparison
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Returns By Period
In the year-to-date period, INNV achieves a 118.88% return, which is significantly higher than DVA's 111.33% return.
INNV
- 1D
- -2.07%
- 1M
- -5.25%
- 6M
- 104.68%
- YTD
- 118.88%
- 1Y
- 262.94%
- 3Y*
- 18.02%
- 5Y*
- -7.59%
- 10Y*
- —
- ALL TIME*
- -12.92%
DVA
- 1D
- 0.51%
- 1M
- 2.21%
- 6M
- 119.58%
- YTD
- 111.33%
- 1Y
- 73.38%
- 3Y*
- 32.85%
- 5Y*
- 14.83%
- 10Y*
- 12.19%
- ALL TIME*
- 14.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DVA DaVita Inc. | $137.08M | $155.66M | $179.88M |
| $2.95M | $3.34M | $3.45M |
INNV vs. DVA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INNV InnovAge Holding Corp. | 118.88% | 32.06% | -34.50% | -16.43% | 43.60% | -79.17% |
DVA DaVita Inc. | 111.33% | -24.03% | 42.75% | 40.30% | -34.36% | 10.68% |
Correlation
The correlation between INNV and DVA is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.17 |
Fundamentals
INNV:
$1.54B
DVA:
$15.41B
INNV:
-$0.16
DVA:
$14.48
INNV:
1.63
DVA:
0.94
INNV:
$945.90M
DVA:
$13.84B
INNV:
$140.05M
DVA:
$3.23B
INNV:
$5.26M
DVA:
$2.49B
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Return for Risk
INNV vs. DVA — Risk / Return Rank
INNV
DVA
INNV vs. DVA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for InnovAge Holding Corp. (INNV) and DaVita Inc. (DVA). 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 | DVA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.39 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 7.34 | 2.74 | +4.61 |
| Martin ratioReturn relative to average drawdown | 15.83 | 7.07 | +8.77 |
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Drawdowns
INNV vs. DVA - Drawdown Comparison
The maximum INNV drawdown since its inception was -89.92%, roughly equal to the maximum DVA drawdown of -92.91%. Use the drawdown chart below to compare losses from any high point for INNV and DVA.
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Drawdown Indicators
| INNV | DVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.92% | -92.91% | +2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -33.21% | -26.08% | -7.13% |
Max Drawdown (3Y)Largest decline over 3 years | -65.42% | -41.43% | -23.99% |
Max Drawdown (5Y)Largest decline over 5 years | -84.76% | -51.10% | -33.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.10% | — |
Current DrawdownCurrent decline from peak | -56.37% | -0.36% | -56.01% |
Average DrawdownAverage peak-to-trough decline | -71.97% | -19.97% | -52.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.37% | 10.08% | +5.29% |
Volatility
INNV vs. DVA - Volatility Comparison
InnovAge Holding Corp. (INNV) has a higher volatility of 13.88% compared to DaVita Inc. (DVA) at 5.75%. This indicates that INNV's price experiences larger fluctuations and is considered to be riskier than DVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INNV | DVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.88% | 5.75% | +8.13% |
Volatility (6M)Calculated over the trailing 6-month period | 51.14% | 34.26% | +16.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.81% | 42.29% | +40.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.83% | 37.32% | +37.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.87% | 34.77% | +38.10% |
Dividends
INNV vs. DVA - Dividend Comparison
Neither INNV nor DVA has paid dividends to shareholders.
Financials
INNV vs. DVA - Financials Comparison
This section allows you to compare key financial metrics between InnovAge Holding Corp. and DaVita 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
INNV vs. DVA - Profitability Comparison
INNV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, InnovAge Holding Corp. reported a gross profit of 0.00 and revenue of 251.94M. Therefore, the gross margin over that period was 0.0%.
DVA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, DaVita Inc. reported a gross profit of 0.00 and revenue of 3.42B. Therefore, the gross margin over that period was 0.0%.
INNV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, InnovAge Holding Corp. reported an operating income of 0.00 and revenue of 251.94M, resulting in an operating margin of 0.0%.
DVA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, DaVita Inc. reported an operating income of 481.89M and revenue of 3.42B, resulting in an operating margin of 14.1%.
INNV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, InnovAge Holding Corp. reported a net income of -29.46M and revenue of 251.94M, resulting in a net margin of -11.7%.
DVA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, DaVita Inc. reported a net income of 197.53M and revenue of 3.42B, resulting in a net margin of 5.8%.
Frequently Asked Questions
INNV and DVA have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INNV has higher volatility (13.88%) compared to DVA (5.75%). In terms of maximum drawdown, INNV dropped -89.92% vs DVA's -92.91%.
INNV currently has the higher Sharpe Ratio (2.96 vs 1.69), 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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