INVX vs. DLO
INVX (Innovex International, Inc) and DLO (DLocal Limited) are both stocks. INVX operates in Oil & Gas Equipment & Services (Energy), while DLO operates in Software - Infrastructure (Technology). Over the past 5 years, INVX returned -4.39%/yr vs -20.08%/yr for DLO. At a 0.16 correlation, their price movements are largely independent.
Performance
INVX vs. DLO - Performance Comparison
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Returns By Period
In the year-to-date period, INVX achieves a 16.46% return, which is significantly higher than DLO's 9.23% return.
INVX
- 1D
- 1.64%
- 1M
- -11.41%
- 6M
- 8.38%
- YTD
- 16.46%
- 1Y
- 57.22%
- 3Y*
- -0.22%
- 5Y*
- -4.39%
- 10Y*
- -8.05%
DLO
- 1D
- 4.26%
- 1M
- 23.10%
- 6M
- 7.78%
- YTD
- 9.23%
- 1Y
- 40.67%
- 3Y*
- 7.48%
- 5Y*
- -20.08%
- 10Y*
- —
INVX vs. DLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INVX Innovex International, Inc | 16.46% | 56.55% | -39.97% | -14.35% | 38.06% | -46.57% |
DLO DLocal Limited | 9.23% | 31.72% | -36.35% | 13.62% | -56.37% | 15.13% |
Correlation
The correlation between INVX and DLO is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021 | 0.16 |
Fundamentals
INVX:
$1.75B
DLO:
$4.46B
INVX:
$0.75
DLO:
$0.64
INVX:
34.02
DLO:
23.71
INVX:
0.10
DLO:
0.74
INVX:
1.81
DLO:
3.76
INVX:
1.70
DLO:
8.23
INVX:
$976.87M
DLO:
$1.21B
INVX:
$280.46M
DLO:
$436.56M
INVX:
$157.28M
DLO:
$280.42M
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Return for Risk
INVX vs. DLO — Risk / Return Rank
INVX
DLO
INVX vs. DLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovex International, Inc (INVX) and DLocal Limited (DLO). 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.
| INVX | DLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.17 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.17 | +1.20 |
| Martin ratioReturn relative to average drawdown | 6.48 | 2.33 | +4.16 |
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Drawdowns
INVX vs. DLO - Drawdown Comparison
The maximum INVX drawdown since its inception was -89.50%, roughly equal to the maximum DLO drawdown of -89.99%. Use the drawdown chart below to compare losses from any high point for INVX and DLO.
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Drawdown Indicators
| INVX | DLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.50% | -89.99% | +0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -23.96% | -30.45% | +6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -58.93% | -68.59% | +9.66% |
Max Drawdown (5Y)Largest decline over 5 years | -68.88% | -89.99% | +21.11% |
Max Drawdown (10Y)Largest decline over 10 years | -81.31% | — | — |
Current DrawdownCurrent decline from peak | -78.66% | -76.52% | -2.14% |
Average DrawdownAverage peak-to-trough decline | -45.49% | -70.30% | +24.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 15.34% | -6.59% |
Volatility
INVX vs. DLO - Volatility Comparison
The current volatility for Innovex International, Inc (INVX) is 10.54%, while DLocal Limited (DLO) has a volatility of 15.39%. This indicates that INVX experiences smaller price fluctuations and is considered to be less risky than DLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INVX | DLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 15.39% | -4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 30.46% | 36.05% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.58% | 56.14% | -14.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.24% | 73.39% | -27.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.64% | 73.52% | -26.88% |
Dividends
INVX vs. DLO - Dividend Comparison
INVX has not paid dividends to shareholders, while DLO's dividend yield for the trailing twelve months is around 1.28%.
| Position | TTM | 2025 |
|---|---|---|
DLO DLocal Limited | 1.28% | 3.71% |
INVX Innovex International, Inc | 0.00% | 0.00% |
Financials
INVX vs. DLO - Financials Comparison
This section allows you to compare key financial metrics between Innovex International, Inc and DLocal Limited. 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
INVX vs. DLO - Profitability Comparison
INVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Innovex International, Inc reported a gross profit of 84.51M and revenue of 239.03M. Therefore, the gross margin over that period was 35.4%.
DLO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported a gross profit of 118.68M and revenue of 335.86M. Therefore, the gross margin over that period was 35.3%.
INVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Innovex International, Inc reported an operating income of -21.83M and revenue of 239.03M, resulting in an operating margin of -9.1%.
DLO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported an operating income of 53.55M and revenue of 335.86M, resulting in an operating margin of 15.9%.
INVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Innovex International, Inc reported a net income of -16.67M and revenue of 239.03M, resulting in a net margin of -7.0%.
DLO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, DLocal Limited reported a net income of 41.98M and revenue of 335.86M, resulting in a net margin of 12.5%.
Frequently Asked Questions
INVX and DLO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLO has higher volatility (15.39%) compared to INVX (10.54%). In terms of maximum drawdown, INVX dropped -89.50% vs DLO's -89.99%.
INVX currently has the higher Sharpe Ratio (1.37 vs 0.64), 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.
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