KRT vs. ELV
KRT (Karat Packaging Inc.) and ELV (Elevance Health Inc) are both stocks. KRT operates in Packaging & Containers (Consumer Cyclical), while ELV operates in Healthcare Plans (Healthcare). Over the past 5 years, KRT returned 13.30%/yr vs 3.00%/yr for ELV. At a 0.11 correlation, their price movements are largely independent.
Performance
KRT vs. ELV - Performance Comparison
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Returns By Period
In the year-to-date period, KRT achieves a 33.08% return, which is significantly higher than ELV's 20.02% return.
KRT
- 1D
- 2.04%
- 1M
- 5.13%
- YTD
- 33.08%
- 6M
- 38.41%
- 1Y
- 0.04%
- 3Y*
- 29.10%
- 5Y*
- 13.30%
- 10Y*
- —
ELV
- 1D
- 0.63%
- 1M
- 10.60%
- YTD
- 20.02%
- 6M
- 27.26%
- 1Y
- 8.57%
- 3Y*
- -2.38%
- 5Y*
- 3.00%
- 10Y*
- 13.78%
KRT vs. ELV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KRT Karat Packaging Inc. | 33.08% | -20.12% | 28.81% | 86.11% | -27.07% | 8.89% |
ELV Elevance Health Inc | 20.02% | -3.14% | -20.72% | -6.89% | 11.83% | 25.50% |
Correlation
The correlation between KRT and ELV is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.11 |
Fundamentals
KRT:
$582.73M
ELV:
$92.16B
KRT:
$1.58
ELV:
$23.46
KRT:
18.39
ELV:
17.82
KRT:
1.22
ELV:
0.47
KRT:
3.76
ELV:
2.10
KRT:
$481.07M
ELV:
$200.42B
KRT:
$172.90M
ELV:
$46.43B
KRT:
$56.33M
ELV:
$8.92B
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Return for Risk
KRT vs. ELV — Risk / Return Rank
KRT
ELV
KRT vs. ELV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Karat Packaging Inc. (KRT) and Elevance Health Inc (ELV). 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.
| KRT | ELV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.08 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 0.28 | -0.28 |
| Martin ratioReturn relative to average drawdown | 0.00 | 0.51 | -0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KRT | ELV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.00 | 0.22 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.10 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.46 | -0.13 |
Drawdowns
KRT vs. ELV - Drawdown Comparison
The maximum KRT drawdown since its inception was -48.46%, smaller than the maximum ELV drawdown of -67.19%. Use the drawdown chart below to compare losses from any high point for KRT and ELV.
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Drawdown Indicators
| KRT | ELV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.46% | -67.19% | +18.73% |
Max Drawdown (1Y)Largest decline over 1 year | -31.57% | -30.60% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -34.03% | -50.38% | +16.35% |
Max Drawdown (5Y)Largest decline over 5 years | -48.46% | -50.38% | +1.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.38% | — |
Current DrawdownCurrent decline from peak | -3.86% | -23.19% | +19.33% |
Average DrawdownAverage peak-to-trough decline | -18.56% | -15.29% | -3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.40% | 16.76% | +0.64% |
Volatility
KRT vs. ELV - Volatility Comparison
Karat Packaging Inc. (KRT) has a higher volatility of 13.45% compared to Elevance Health Inc (ELV) at 8.30%. This indicates that KRT's price experiences larger fluctuations and is considered to be riskier than ELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KRT | ELV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.45% | 8.30% | +5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 28.23% | 27.26% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.76% | 38.59% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.40% | 28.93% | +16.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.50% | 30.84% | +14.66% |
Dividends
KRT vs. ELV - Dividend Comparison
KRT's dividend yield for the trailing twelve months is around 6.20%, more than ELV's 1.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health Inc | 1.64% | 1.95% | 1.77% | 1.26% | 1.00% | 0.98% | 1.18% | 1.06% | 1.14% | 1.20% | 1.81% | 1.79% |
KRT Karat Packaging Inc. | 6.20% | 7.98% | 5.12% | 6.24% | 2.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
KRT vs. ELV - Financials Comparison
This section allows you to compare key financial metrics between Karat Packaging Inc. and Elevance Health 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
KRT vs. ELV - Profitability Comparison
KRT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Karat Packaging Inc. reported a gross profit of 41.53M and revenue of 116.95M. Therefore, the gross margin over that period was 35.5%.
ELV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Elevance Health Inc reported a gross profit of 9.10B and revenue of 50.18B. Therefore, the gross margin over that period was 18.1%.
KRT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Karat Packaging Inc. reported an operating income of 8.46M and revenue of 116.95M, resulting in an operating margin of 7.2%.
ELV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Elevance Health Inc reported an operating income of 2.66B and revenue of 50.18B, resulting in an operating margin of 5.3%.
KRT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Karat Packaging Inc. reported a net income of 6.74M and revenue of 116.95M, resulting in a net margin of 5.8%.
ELV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Elevance Health Inc reported a net income of 1.76B and revenue of 50.18B, resulting in a net margin of 3.5%.
Frequently Asked Questions
KRT and ELV have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRT has higher volatility (13.45%) compared to ELV (8.30%). In terms of maximum drawdown, KRT dropped -48.46% vs ELV's -67.19%.
ELV currently has the higher Sharpe Ratio (0.22 vs 0.00), 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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