ITT vs. INVA
ITT (ITT Inc.) and INVA (Innoviva, Inc.) are both stocks. ITT operates in Specialty Industrial Machinery (Industrials), while INVA operates in Biotechnology (Healthcare). Over the past 10 years, ITT returned 21.05%/yr vs 8.19%/yr for INVA. At a 0.30 correlation, their price movements are largely independent.
Performance
ITT vs. INVA - Performance Comparison
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Returns By Period
In the year-to-date period, ITT achieves a 15.29% return, which is significantly higher than INVA's 13.41% return. Over the past 10 years, ITT has outperformed INVA with an annualized return of 21.05%, while INVA has yielded a comparatively lower 8.19% annualized return.
ITT
- 1D
- 1.23%
- 1M
- 2.37%
- YTD
- 15.29%
- 6M
- 12.81%
- 1Y
- 33.17%
- 3Y*
- 33.00%
- 5Y*
- 18.75%
- 10Y*
- 21.05%
INVA
- 1D
- 0.80%
- 1M
- 0.93%
- YTD
- 13.41%
- 6M
- 13.41%
- 1Y
- 7.95%
- 3Y*
- 21.53%
- 5Y*
- 11.34%
- 10Y*
- 8.19%
ITT vs. INVA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITT ITT Inc. | 15.29% | 22.52% | 20.86% | 48.91% | -19.50% | 33.95% | 5.47% | 54.60% | -8.66% | 40.06% |
INVA Innoviva, Inc. | 13.41% | 15.22% | 8.17% | 21.06% | -23.19% | 39.23% | -12.50% | -18.85% | 22.97% | 32.62% |
Correlation
The correlation between ITT and INVA 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 | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2004 | 0.30 |
Over the past year, the correlation between ITT and INVA has dropped to 0.09 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
Fundamentals
ITT:
$17.49B
INVA:
$1.92B
ITT:
$5.58
INVA:
$5.94
ITT:
35.72
INVA:
3.82
ITT:
2.51
INVA:
0.02
ITT:
3.86
INVA:
4.54
ITT:
3.69
INVA:
1.33
ITT:
$4.24B
INVA:
$424.12M
ITT:
$1.50B
INVA:
$323.16M
ITT:
$793.20M
INVA:
$438.91M
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Return for Risk
ITT vs. INVA — Risk / Return Rank
ITT
INVA
ITT vs. INVA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ITT Inc. (ITT) and Innoviva, Inc. (INVA). 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.
| ITT | INVA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.08 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 0.39 | +1.60 |
| Martin ratioReturn relative to average drawdown | 4.93 | 0.92 | +4.01 |
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Drawdowns
ITT vs. INVA - Drawdown Comparison
The maximum ITT drawdown since its inception was -74.46%, smaller than the maximum INVA drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for ITT and INVA.
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Drawdown Indicators
| ITT | INVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.46% | -84.32% | +9.86% |
Max Drawdown (1Y)Largest decline over 1 year | -16.73% | -20.32% | +3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -29.09% | -23.53% | -5.56% |
Max Drawdown (5Y)Largest decline over 5 years | -37.97% | -47.01% | +9.04% |
Max Drawdown (10Y)Largest decline over 10 years | -49.52% | -59.57% | +10.05% |
Current DrawdownCurrent decline from peak | -9.95% | -29.11% | +19.16% |
Average DrawdownAverage peak-to-trough decline | -18.95% | -44.68% | +25.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.74% | 8.85% | -2.11% |
Volatility
ITT vs. INVA - Volatility Comparison
ITT Inc. (ITT) has a higher volatility of 9.11% compared to Innoviva, Inc. (INVA) at 6.62%. This indicates that ITT's price experiences larger fluctuations and is considered to be riskier than INVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITT | INVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.11% | 6.62% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 22.53% | 17.05% | +5.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.38% | 28.92% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.20% | 27.29% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.95% | 33.86% | -1.91% |
Dividends
ITT vs. INVA - Dividend Comparison
ITT's dividend yield for the trailing twelve months is around 0.74%, while INVA has not 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% |
ITT ITT Inc. | 0.74% | 0.81% | 0.89% | 0.97% | 1.30% | 0.86% | 0.88% | 0.80% | 1.11% | 0.96% | 1.29% | 1.30% |
Financials
ITT vs. INVA - Financials Comparison
This section allows you to compare key financial metrics between ITT Inc. and Innoviva, 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
ITT and INVA 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.
ITT has higher volatility (9.11%) compared to INVA (6.62%). In terms of maximum drawdown, ITT dropped -74.46% vs INVA's -84.32%.
ITT currently has the higher Sharpe Ratio (1.10 vs 0.28), 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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