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ITM.L vs. V
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

Performance

ITM.L vs. V - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in ITM Power (ITM.L) and Visa Inc. (V). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ITM.L is traded in GBp, while V is traded in USD. To make them comparable, the V values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ITM.L achieves a 166.29% return, which is significantly higher than V's -7.96% return. Over the past 10 years, ITM.L has outperformed V with an annualized return of 24.49%, while V has yielded a comparatively lower 16.47% annualized return.


ITM.L

1D
-5.36%
1M
0.12%
YTD
166.29%
6M
134.99%
1Y
143.61%
3Y*
32.55%
5Y*
-15.25%
10Y*
24.49%

V

1D
2.49%
1M
0.55%
YTD
-7.96%
6M
-2.39%
1Y
-11.46%
3Y*
10.20%
5Y*
8.79%
10Y*
16.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ITM.L vs. V - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
ITM.L
ITM Power
166.29%74.51%-39.90%-35.18%-76.74%-23.64%626.11%204.91%-39.02%70.74%
V
Visa Inc.
-7.96%3.80%24.46%19.99%8.08%0.63%13.68%37.87%23.39%34.45%

Correlation

The correlation between ITM.L and V is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.09

Correlation (10Y)
Calculated over the trailing 10-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Mar 20, 2008

0.09

Fundamentals

EPS

ITM.L:

-£0.11

V:

$15.24

PS Ratio

ITM.L:

19.81

V:

10.86

Total Revenue (TTM)

ITM.L:

£51.69M

V:

$43.03B

Gross Profit (TTM)

ITM.L:

-£46.70M

V:

$16.94B

EBITDA (TTM)

ITM.L:

-£62.20M

V:

$27.63B

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ITM Power

Visa Inc.

Return for Risk

ITM.L vs. V — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITM.L
ITM.L Risk / Return Rank: 8383
Overall Rank
ITM.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
ITM.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
ITM.L Omega Ratio Rank: 8282
Omega Ratio Rank
ITM.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
ITM.L Martin Ratio Rank: 7878
Martin Ratio Rank

V
V Risk / Return Rank: 1818
Overall Rank
V Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
V Sortino Ratio Rank: 1717
Sortino Ratio Rank
V Omega Ratio Rank: 1717
Omega Ratio Rank
V Calmar Ratio Rank: 2020
Calmar Ratio Rank
V Martin Ratio Rank: 1818
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ITM.L vs. V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ITM Power (ITM.L) and Visa Inc. (V). 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.


ITM.LVDifference
Sharpe ratioReturn per unit of total volatility

+2.24

Sortino ratioReturn per unit of downside risk

+3.42

Omega ratioGain probability vs. loss probability

1.32

0.93

+0.39

Calmar ratioReturn relative to maximum drawdown

3.75

-0.62

+4.37

Martin ratioReturn relative to average drawdown

5.84

-1.12

+6.96

ITM.L vs. V - Sharpe Ratio Comparison

The current ITM.L Sharpe Ratio is 1.74, which is higher than the V Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of ITM.L and V, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


ITM.LVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.74

-0.50

+2.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.21

0.40

-0.60

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.32

0.67

-0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

0.07

0.79

-0.72

Drawdowns

ITM.L vs. V - Drawdown Comparison

The maximum ITM.L drawdown since its inception was -97.36%, which is greater than V's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for ITM.L and V.


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Drawdown Indicators


ITM.LVDifference

Max Drawdown

Largest peak-to-trough decline

-97.36%

-35.88%

-61.48%

Max Drawdown (1Y)

Largest decline over 1 year

-38.09%

-18.64%

-19.45%

Max Drawdown (3Y)

Largest decline over 3 years

-74.01%

-22.15%

-51.86%

Max Drawdown (5Y)

Largest decline over 5 years

-95.08%

-22.15%

-72.93%

Max Drawdown (10Y)

Largest decline over 10 years

-96.43%

-28.74%

-67.69%

Current Drawdown

Current decline from peak

-76.86%

-16.48%

-60.38%

Average Drawdown

Average peak-to-trough decline

-75.29%

-6.93%

-68.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

24.50%

10.28%

+14.22%

Volatility

ITM.L vs. V - Volatility Comparison

ITM Power (ITM.L) has a higher volatility of 22.18% compared to Visa Inc. (V) at 6.05%. This indicates that ITM.L's price experiences larger fluctuations and is considered to be riskier than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ITM.LVDifference

Volatility (1M)

Calculated over the trailing 1-month period

22.18%

6.05%

+16.13%

Volatility (6M)

Calculated over the trailing 6-month period

57.56%

17.99%

+39.57%

Volatility (1Y)

Calculated over the trailing 1-year period

83.10%

22.85%

+60.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

73.05%

22.34%

+50.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

76.55%

24.56%

+51.99%

Dividends

ITM.L vs. V - Dividend Comparison

ITM.L has not paid dividends to shareholders, while V's dividend yield for the trailing twelve months is around 0.81%.


PositionTTM20252024202320222021202020192018201720162015
ITM.L
ITM Power
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
V
Visa Inc.
0.81%0.70%0.68%0.72%0.76%0.62%0.56%0.56%0.67%0.61%0.75%0.64%

Financials

ITM.L vs. V - Financials Comparison

This section allows you to compare key financial metrics between ITM Power and Visa 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.002.00B4.00B6.00B8.00B10.00B12.00BJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober2026
18.03M
11.23B
(ITM.L) Total Revenue
(V) Total Revenue
Please note, different currencies. ITM.L values in GBp, V values in USD

ITM.L vs. V - Profitability Comparison

The chart below illustrates the profitability comparison between ITM Power and Visa Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

-50.0%0.0%50.0%100.0%JulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober2026
-59.0%
-79.3%
Portfolio components
ITM.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ITM Power reported a gross profit of -10.63M and revenue of 18.03M. Therefore, the gross margin over that period was -59.0%.

V - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported a gross profit of -8.90B and revenue of 11.23B. Therefore, the gross margin over that period was -79.3%.

ITM.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ITM Power reported an operating income of -18.00M and revenue of 18.03M, resulting in an operating margin of -99.8%.

V - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported an operating income of 7.23B and revenue of 11.23B, resulting in an operating margin of 64.4%.

ITM.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ITM Power reported a net income of -14.16M and revenue of 18.03M, resulting in a net margin of -78.6%.

V - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported a net income of 6.02B and revenue of 11.23B, resulting in a net margin of 53.6%.


Frequently Asked Questions


ITM.L and V have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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