INVA vs. PSIX
INVA (Innoviva, Inc.) and PSIX (Power Solutions International, Inc.) are both stocks. INVA operates in Biotechnology (Healthcare), while PSIX operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, INVA returned 8.60%/yr vs 8.29%/yr for PSIX. At a 0.07 correlation, their price movements are largely independent.
Performance
INVA vs. PSIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, INVA achieves a 17.81% return, which is significantly higher than PSIX's -31.59% return. Both investments have delivered pretty close results over the past 10 years, with INVA having a 8.60% annualized return and PSIX not far behind at 8.29%.
INVA
- 1D
- 3.88%
- 1M
- 4.85%
- YTD
- 17.81%
- 6M
- 20.71%
- 1Y
- 13.11%
- 3Y*
- 23.08%
- 5Y*
- 11.84%
- 10Y*
- 8.60%
PSIX
- 1D
- -0.05%
- 1M
- 0.57%
- YTD
- -31.59%
- 6M
- -41.69%
- 1Y
- -35.77%
- 3Y*
- 150.06%
- 5Y*
- 50.88%
- 10Y*
- 8.29%
INVA vs. PSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INVA Innoviva, Inc. | 17.81% | 15.22% | 8.17% | 21.06% | -23.19% | 39.23% | -12.50% | -18.85% | 22.97% | 32.62% |
PSIX Power Solutions International, Inc. | -31.59% | 92.07% | 1,351.22% | -31.67% | 0.00% | -9.09% | -58.23% | -14.59% | 23.33% | 0.00% |
Correlation
The correlation between INVA and PSIX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2012 | 0.07 |
The correlation between INVA and PSIX shifts across timeframes, from -0.04 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
Fundamentals
INVA:
$2.00B
PSIX:
$901.53M
INVA:
$5.94
PSIX:
$4.43
INVA:
3.96
PSIX:
8.82
INVA:
0.02
PSIX:
0.09
INVA:
4.71
PSIX:
1.54
INVA:
1.38
PSIX:
4.85
INVA:
$424.12M
PSIX:
$586.96M
INVA:
$323.16M
PSIX:
$172.81M
INVA:
$438.91M
PSIX:
$102.78M
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
INVA vs. PSIX — Risk / Return Rank
INVA
PSIX
INVA vs. PSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innoviva, Inc. (INVA) and Power Solutions International, Inc. (PSIX). 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.
| INVA | PSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.02 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | -0.52 | +1.17 |
| Martin ratioReturn relative to average drawdown | 1.53 | -0.93 | +2.46 |
Loading charts...
Drawdowns
INVA vs. PSIX - Drawdown Comparison
The maximum INVA drawdown since its inception was -84.32%, smaller than the maximum PSIX drawdown of -98.55%. Use the drawdown chart below to compare losses from any high point for INVA and PSIX.
Loading charts...
Drawdown Indicators
| INVA | PSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -98.55% | +14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -20.32% | -68.60% | +48.28% |
Max Drawdown (3Y)Largest decline over 3 years | -23.53% | -68.60% | +45.07% |
Max Drawdown (5Y)Largest decline over 5 years | -47.01% | -84.38% | +37.37% |
Max Drawdown (10Y)Largest decline over 10 years | -59.57% | -93.77% | +34.20% |
Current DrawdownCurrent decline from peak | -26.36% | -66.24% | +39.88% |
Average DrawdownAverage peak-to-trough decline | -44.68% | -68.20% | +23.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.67% | 38.32% | -29.65% |
Volatility
INVA vs. PSIX - Volatility Comparison
The current volatility for Innoviva, Inc. (INVA) is 7.58%, while Power Solutions International, Inc. (PSIX) has a volatility of 17.85%. This indicates that INVA experiences smaller price fluctuations and is considered to be less risky than PSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| INVA | PSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 17.85% | -10.27% |
Volatility (6M)Calculated over the trailing 6-month period | 17.45% | 89.13% | -71.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.12% | 102.18% | -73.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.34% | 113.11% | -85.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.79% | 105.98% | -72.19% |
Dividends
INVA vs. PSIX - Dividend Comparison
Neither INVA nor PSIX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVA Innoviva, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 7.12% |
PSIX Power Solutions International, 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
INVA vs. PSIX - Financials Comparison
This section allows you to compare key financial metrics between Innoviva, Inc. and Power Solutions 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
Frequently Asked Questions
INVA and PSIX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSIX has higher volatility (17.85%) compared to INVA (7.58%). In terms of maximum drawdown, INVA dropped -84.32% vs PSIX's -98.55%.
INVA currently has the higher Sharpe Ratio (0.45 vs -0.35), 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 INVA and PSIX
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