KVHI vs. BYD
KVHI (KVH Industries, Inc.) and BYD (Boyd Gaming Corporation) are both stocks. KVHI operates in Communication Equipment (Technology), while BYD operates in Resorts & Casinos (Consumer Cyclical). Over the past 10 years, KVHI returned -0.34%/yr vs 16.94%/yr for BYD. At a 0.21 correlation, their price movements are largely independent.
Performance
KVHI vs. BYD - Performance Comparison
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Returns By Period
In the year-to-date period, KVHI achieves a 15.78% return, which is significantly higher than BYD's 2.24% return. Over the past 10 years, KVHI has underperformed BYD with an annualized return of -0.34%, while BYD has yielded a comparatively higher 16.94% annualized return.
KVHI
- 1D
- -9.12%
- 1M
- -15.50%
- YTD
- 15.78%
- 6M
- 36.32%
- 1Y
- 53.71%
- 3Y*
- -5.52%
- 5Y*
- -10.43%
- 10Y*
- -0.34%
BYD
- 1D
- 2.33%
- 1M
- 4.89%
- YTD
- 2.24%
- 6M
- 5.80%
- 1Y
- 17.53%
- 3Y*
- 10.56%
- 5Y*
- 7.83%
- 10Y*
- 16.94%
KVHI vs. BYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KVHI KVH Industries, Inc. | 15.78% | 22.28% | 8.37% | -48.53% | 11.21% | -19.03% | 1.98% | 8.16% | -0.58% | -12.29% |
BYD Boyd Gaming Corporation | 2.24% | 18.61% | 17.13% | 15.99% | -15.74% | 52.77% | 43.35% | 45.51% | -40.25% | 74.70% |
Correlation
The correlation between KVHI and BYD is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 1996 | 0.21 |
The correlation between KVHI and BYD shifts across timeframes, from -0.03 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
KVHI:
$156.78M
BYD:
$6.67B
KVHI:
-$0.26
BYD:
$23.07
KVHI:
1.33
BYD:
1.69
KVHI:
1.19
BYD:
2.63
KVHI:
$117.91M
BYD:
$4.10B
KVHI:
$20.06M
BYD:
$1.62B
KVHI:
-$551.00K
BYD:
$2.78B
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Return for Risk
KVHI vs. BYD — Risk / Return Rank
KVHI
BYD
KVHI vs. BYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KVH Industries, Inc. (KVHI) and Boyd Gaming Corporation (BYD). 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.
| KVHI | BYD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.65 | +0.36 |
Sortino ratioReturn per unit of downside risk | 1.81 | 1.04 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.13 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.40 | +0.34 |
Martin ratioReturn relative to average drawdown | 6.30 | 3.12 | +3.19 |
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
| KVHI | BYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.65 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.25 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.01 | 0.39 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.09 | -0.08 |
Drawdowns
KVHI vs. BYD - Drawdown Comparison
The maximum KVHI drawdown since its inception was -91.15%, roughly equal to the maximum BYD drawdown of -94.49%. Use the drawdown chart below to compare losses from any high point for KVHI and BYD.
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Drawdown Indicators
| KVHI | BYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.15% | -94.49% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -30.97% | -12.59% | -18.38% |
Max Drawdown (3Y)Largest decline over 3 years | -56.92% | -30.29% | -26.63% |
Max Drawdown (5Y)Largest decline over 5 years | -69.27% | -34.58% | -34.69% |
Max Drawdown (10Y)Largest decline over 10 years | -71.49% | -80.01% | +8.52% |
Current DrawdownCurrent decline from peak | -75.55% | -2.69% | -72.86% |
Average DrawdownAverage peak-to-trough decline | -62.12% | -50.05% | -12.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.55% | 5.64% | +2.91% |
Volatility
KVHI vs. BYD - Volatility Comparison
KVH Industries, Inc. (KVHI) has a higher volatility of 26.98% compared to Boyd Gaming Corporation (BYD) at 8.46%. This indicates that KVHI's price experiences larger fluctuations and is considered to be riskier than BYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KVHI | BYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.98% | 8.46% | +18.52% |
Volatility (6M)Calculated over the trailing 6-month period | 44.72% | 20.29% | +24.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.19% | 27.03% | +26.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.80% | 31.85% | +10.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.53% | 43.20% | +0.33% |
Dividends
KVHI vs. BYD - Dividend Comparison
KVHI has not paid dividends to shareholders, while BYD's dividend yield for the trailing twelve months is around 0.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BYD Boyd Gaming Corporation | 0.85% | 0.84% | 0.94% | 1.02% | 1.36% | 0.00% | 0.00% | 0.90% | 1.11% | 0.43% |
KVHI KVH Industries, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
KVHI vs. BYD - Financials Comparison
This section allows you to compare key financial metrics between KVH Industries, Inc. and Boyd Gaming Corporation. 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
KVHI vs. BYD - Profitability Comparison
KVHI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, KVH Industries, Inc. reported a gross profit of 0.00 and revenue of 32.32M. Therefore, the gross margin over that period was 0.0%.
BYD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Boyd Gaming Corporation reported a gross profit of 397.11M and revenue of 997.36M. Therefore, the gross margin over that period was 39.8%.
KVHI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, KVH Industries, Inc. reported an operating income of -118.00K and revenue of 32.32M, resulting in an operating margin of -0.4%.
BYD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Boyd Gaming Corporation reported an operating income of 163.99M and revenue of 997.36M, resulting in an operating margin of 16.4%.
KVHI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, KVH Industries, Inc. reported a net income of 588.00K and revenue of 32.32M, resulting in a net margin of 1.8%.
BYD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Boyd Gaming Corporation reported a net income of 105.54M and revenue of 997.36M, resulting in a net margin of 10.6%.
Frequently Asked Questions
KVHI and BYD have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KVHI has higher volatility (26.98%) compared to BYD (8.46%). In terms of maximum drawdown, KVHI dropped -91.15% vs BYD's -94.49%.
KVHI currently has the higher Sharpe Ratio (1.01 vs 0.65), 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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