INVA vs. TMC
INVA (Innoviva, Inc.) and TMC (TMC the metals company Inc.) are both stocks. INVA operates in Biotechnology (Healthcare), while TMC operates in Other Industrial Metals & Mining (Basic Materials). Over the past 3 years, INVA returned 23.08%/yr vs 49.94%/yr for TMC. At a 0.08 correlation, their price movements are largely independent.
Performance
INVA vs. TMC - Performance Comparison
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Returns By Period
In the year-to-date period, INVA achieves a 17.81% return, which is significantly higher than TMC's -21.88% return.
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%
TMC
- 1D
- -2.63%
- 1M
- -10.74%
- YTD
- -21.88%
- 6M
- -34.06%
- 1Y
- -26.52%
- 3Y*
- 49.94%
- 5Y*
- —
- 10Y*
- —
INVA vs. TMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INVA Innoviva, Inc. | 17.81% | 15.22% | 8.17% | 21.06% | -23.19% | 9.87% |
TMC TMC the metals company Inc. | -21.88% | 450.89% | 1.82% | 42.86% | -62.98% | -81.18% |
Correlation
The correlation between INVA and TMC 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 | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021 | 0.08 |
The correlation between INVA and TMC shifts across timeframes, from -0.04 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
Fundamentals
INVA:
$2.00B
TMC:
$1.55T
INVA:
$5.94
TMC:
-$0.00
INVA:
$424.12M
TMC:
$0.00
INVA:
$323.16M
TMC:
-$136.00K
INVA:
$438.91M
TMC:
-$296.72M
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Return for Risk
INVA vs. TMC — Risk / Return Rank
INVA
TMC
INVA vs. TMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innoviva, Inc. (INVA) and TMC the metals company Inc. (TMC). 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 | TMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.03 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | -0.43 | +1.08 |
| Martin ratioReturn relative to average drawdown | 1.53 | -0.69 | +2.21 |
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Drawdowns
INVA vs. TMC - Drawdown Comparison
The maximum INVA drawdown since its inception was -84.32%, smaller than the maximum TMC drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for INVA and TMC.
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Drawdown Indicators
| INVA | TMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.32% | -95.58% | +11.26% |
Max Drawdown (1Y)Largest decline over 1 year | -20.32% | -61.65% | +41.33% |
Max Drawdown (3Y)Largest decline over 3 years | -23.53% | -74.56% | +51.03% |
Max Drawdown (5Y)Largest decline over 5 years | -47.01% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -59.57% | — | — |
Current DrawdownCurrent decline from peak | -26.36% | -61.29% | +34.93% |
Average DrawdownAverage peak-to-trough decline | -44.68% | -79.33% | +34.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.67% | 38.77% | -30.10% |
Volatility
INVA vs. TMC - Volatility Comparison
The current volatility for Innoviva, Inc. (INVA) is 7.58%, while TMC the metals company Inc. (TMC) has a volatility of 23.30%. This indicates that INVA experiences smaller price fluctuations and is considered to be less risky than TMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INVA | TMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.58% | 23.30% | -15.72% |
Volatility (6M)Calculated over the trailing 6-month period | 17.45% | 66.93% | -49.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.12% | 96.87% | -67.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.34% | 112.96% | -85.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.79% | 112.96% | -79.17% |
Dividends
INVA vs. TMC - Dividend Comparison
Neither INVA nor TMC 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% |
TMC TMC the metals company 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. TMC - Financials Comparison
This section allows you to compare key financial metrics between Innoviva, Inc. and TMC the metals company 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 TMC 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.
TMC has higher volatility (23.30%) compared to INVA (7.58%). In terms of maximum drawdown, INVA dropped -84.32% vs TMC's -95.58%.
INVA currently has the higher Sharpe Ratio (0.45 vs -0.27), 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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