INVX vs. TDW
INVX (Innovex International, Inc) and TDW (Tidewater Inc.) are both stocks. Both operate in the Oil & Gas Equipment & Services industry within the Energy sector. Over the past 10 years, INVX returned -8.12%/yr vs -7.88%/yr for TDW. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
INVX vs. TDW - Performance Comparison
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Returns By Period
In the year-to-date period, INVX achieves a 17.33% return, which is significantly lower than TDW's 31.36% return. Both investments have delivered pretty close results over the past 10 years, with INVX having a -8.12% annualized return and TDW not far ahead at -7.88%.
INVX
- 1D
- 0.35%
- 1M
- -14.61%
- YTD
- 17.33%
- 6M
- 16.42%
- 1Y
- 59.78%
- 3Y*
- 4.74%
- 5Y*
- -7.06%
- 10Y*
- -8.12%
TDW
- 1D
- 2.60%
- 1M
- -16.32%
- YTD
- 31.36%
- 6M
- 29.46%
- 1Y
- 42.69%
- 3Y*
- 12.40%
- 5Y*
- 38.22%
- 10Y*
- -7.88%
INVX vs. TDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INVX Innovex International, Inc | 17.33% | 56.55% | -39.97% | -14.35% | 38.06% | -33.56% | -36.86% | 56.21% | -37.04% | -20.57% |
TDW Tidewater Inc. | 31.36% | -7.68% | -24.13% | 95.69% | 244.07% | 23.96% | -55.14% | 0.78% | -21.60% | -77.81% |
Correlation
The correlation between INVX and TDW is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 1997 | 0.58 |
The correlation between INVX and TDW has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
Fundamentals
INVX:
$1.77B
TDW:
$3.29B
INVX:
$0.75
TDW:
$6.00
INVX:
34.26
TDW:
11.05
INVX:
0.10
TDW:
0.46
INVX:
1.82
TDW:
2.45
INVX:
1.72
TDW:
2.40
INVX:
$976.87M
TDW:
$1.35B
INVX:
$280.46M
TDW:
$314.74M
INVX:
$157.28M
TDW:
$489.31M
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Return for Risk
INVX vs. TDW — Risk / Return Rank
INVX
TDW
INVX vs. TDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovex International, Inc (INVX) and Tidewater Inc. (TDW). 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 | TDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 1.48 | +1.88 |
| Martin ratioReturn relative to average drawdown | 8.02 | 3.52 | +4.50 |
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Drawdowns
INVX vs. TDW - Drawdown Comparison
The maximum INVX drawdown since its inception was -89.50%, smaller than the maximum TDW drawdown of -99.80%. Use the drawdown chart below to compare losses from any high point for INVX and TDW.
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Drawdown Indicators
| INVX | TDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.50% | -99.80% | +10.30% |
Max Drawdown (1Y)Largest decline over 1 year | -17.91% | -29.03% | +11.12% |
Max Drawdown (3Y)Largest decline over 3 years | -58.93% | -70.35% | +11.42% |
Max Drawdown (5Y)Largest decline over 5 years | -68.88% | -70.35% | +1.47% |
Max Drawdown (10Y)Largest decline over 10 years | -81.31% | -97.49% | +16.18% |
Current DrawdownCurrent decline from peak | -78.51% | -96.79% | +18.28% |
Average DrawdownAverage peak-to-trough decline | -45.42% | -49.01% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.51% | 12.17% | -4.66% |
Volatility
INVX vs. TDW - Volatility Comparison
Innovex International, Inc (INVX) has a higher volatility of 16.12% compared to Tidewater Inc. (TDW) at 11.95%. This indicates that INVX's price experiences larger fluctuations and is considered to be riskier than TDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INVX | TDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.12% | 11.95% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 30.92% | 31.43% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.15% | 55.04% | -12.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.43% | 53.48% | -7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.68% | 66.50% | -19.82% |
Dividends
INVX vs. TDW - Dividend Comparison
Neither INVX nor TDW has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVX Innovex 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% |
TDW Tidewater Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.00% | 0.00% | 0.04% | 0.00% | 14.37% |
Financials
INVX vs. TDW - Financials Comparison
This section allows you to compare key financial metrics between Innovex International, Inc and Tidewater 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. TDW - Profitability Comparison
INVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
TDW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tidewater Inc. reported a gross profit of 0.00 and revenue of 326.22M. Therefore, the gross margin over that period was 0.0%.
INVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Innovex International, Inc reported an operating income of -21.83M and revenue of 239.03M, resulting in an operating margin of -9.1%.
TDW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tidewater Inc. reported an operating income of 58.98M and revenue of 326.22M, resulting in an operating margin of 18.1%.
INVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Innovex International, Inc reported a net income of -16.67M and revenue of 239.03M, resulting in a net margin of -7.0%.
TDW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tidewater Inc. reported a net income of 6.14M and revenue of 326.22M, resulting in a net margin of 1.9%.
Frequently Asked Questions
INVX and TDW have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INVX has higher volatility (16.12%) compared to TDW (11.95%). In terms of maximum drawdown, INVX dropped -89.50% vs TDW's -99.80%.
INVX currently has the higher Sharpe Ratio (1.43 vs 0.78), 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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