INVX vs. OIS
INVX (Innovex International, Inc) and OIS (Oil States International, Inc.) are both stocks. Both operate in the Oil & Gas Equipment & Services industry within the Energy sector. Over the past 10 years, INVX returned -6.65%/yr vs -12.68%/yr for OIS. Their 0.64 correlation means they have sometimes moved together and sometimes differently.
Performance
INVX vs. OIS - Performance Comparison
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Returns By Period
In the year-to-date period, INVX achieves a 29.40% return, which is significantly higher than OIS's 21.71% return. Over the past 10 years, INVX has outperformed OIS with an annualized return of -6.65%, while OIS has yielded a comparatively lower -12.68% annualized return.
INVX
- 1D
- 0.78%
- 1M
- 17.48%
- 6M
- 15.84%
- YTD
- 29.40%
- 1Y
- 79.45%
- 3Y*
- 0.66%
- 5Y*
- 0.89%
- 10Y*
- -6.65%
- ALL TIME*
- 2.00%
OIS
- 1D
- 1.60%
- 1M
- 6.74%
- 6M
- -2.83%
- YTD
- 21.71%
- 1Y
- 68.85%
- 3Y*
- 1.76%
- 5Y*
- 8.98%
- 10Y*
- -12.68%
- ALL TIME*
- 1.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.10M | $8.75M | $11.52M | |
| $5.77M | $5.47M | $6.82M |
INVX vs. OIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INVX Innovex International, Inc | 29.40% | 56.55% | -39.97% | -14.35% | 38.06% | -33.56% | -36.86% | 56.21% | -37.04% | -20.57% |
OIS Oil States International, Inc. | 21.71% | 33.79% | -25.48% | -8.98% | 50.10% | -1.00% | -69.22% | 14.22% | -49.54% | -27.44% |
Correlation
The correlation between INVX and OIS is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2001 | 0.64 |
The correlation between INVX and OIS has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
Fundamentals
INVX:
$1.98B
OIS:
$495.99M
INVX:
$0.89
OIS:
-$1.85
INVX:
1.97
OIS:
0.77
INVX:
1.86
OIS:
0.83
INVX:
$997.53M
OIS:
$621.87M
INVX:
$276.17M
OIS:
$76.67M
INVX:
$167.44M
OIS:
-$71.74M
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Return for Risk
INVX vs. OIS — Risk / Return Rank
INVX
OIS
INVX vs. OIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovex International, Inc (INVX) and Oil States International, Inc. (OIS). 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 | OIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.26 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 1.46 | +1.87 |
| Martin ratioReturn relative to average drawdown | 8.60 | 3.07 | +5.54 |
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Drawdowns
INVX vs. OIS - Drawdown Comparison
The maximum INVX drawdown since its inception was -89.50%, smaller than the maximum OIS drawdown of -97.45%. Use the drawdown chart below to compare losses from any high point for INVX and OIS.
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Drawdown Indicators
| INVX | OIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.50% | -97.45% | +7.95% |
Max Drawdown (1Y)Largest decline over 1 year | -23.96% | -47.32% | +23.36% |
Max Drawdown (3Y)Largest decline over 3 years | -58.93% | -62.90% | +3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -68.88% | -68.72% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -81.31% | -95.95% | +14.64% |
Current DrawdownCurrent decline from peak | -76.29% | -87.39% | +11.10% |
Average DrawdownAverage peak-to-trough decline | -45.56% | -45.62% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.27% | 22.52% | -13.25% |
Volatility
INVX vs. OIS - Volatility Comparison
The current volatility for Innovex International, Inc (INVX) is 10.19%, while Oil States International, Inc. (OIS) has a volatility of 13.75%. This indicates that INVX experiences smaller price fluctuations and is considered to be less risky than OIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INVX | OIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.19% | 13.75% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 30.56% | 43.29% | -12.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.20% | 54.80% | -13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.16% | 59.65% | -13.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.68% | 64.13% | -17.45% |
Dividends
INVX vs. OIS - Dividend Comparison
Neither INVX nor OIS has paid dividends to shareholders.
Financials
INVX vs. OIS - Financials Comparison
This section allows you to compare key financial metrics between Innovex International, Inc and Oil States 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
INVX vs. OIS - Profitability Comparison
INVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Innovex International, Inc reported a gross profit of 83.65M and revenue of 244.90M. Therefore, the gross margin over that period was 34.2%.
OIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Oil States International, Inc. reported a gross profit of 14.91M and revenue of 132.86M. Therefore, the gross margin over that period was 11.2%.
INVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Innovex International, Inc reported an operating income of 33.78M and revenue of 244.90M, resulting in an operating margin of 13.8%.
OIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Oil States International, Inc. reported an operating income of -8.22M and revenue of 132.86M, resulting in an operating margin of -6.2%.
INVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Innovex International, Inc reported a net income of 25.03M and revenue of 244.90M, resulting in a net margin of 10.2%.
OIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Oil States International, Inc. reported a net income of 5.91M and revenue of 132.86M, resulting in a net margin of 4.5%.
Frequently Asked Questions
INVX and OIS have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OIS has higher volatility (13.75%) compared to INVX (10.19%). In terms of maximum drawdown, INVX dropped -89.50% vs OIS's -97.45%.
INVX currently has the higher Sharpe Ratio (1.94 vs 1.27), 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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