KVHI vs. CVGI

Last updated Jun 4, 2026

KVHI (KVH Industries, Inc.) and CVGI (Commercial Vehicle Group, Inc.) are both stocks. KVHI operates in Communication Equipment (Technology), while CVGI operates in Auto Parts (Consumer Cyclical). Over the past 10 years, KVHI returned -0.34%/yr vs 3.60%/yr for CVGI. At a 0.26 correlation, their price movements are largely independent.

Performance

KVHI vs. CVGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KVH Industries, Inc. (KVHI) and Commercial Vehicle Group, Inc. (CVGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KVHI achieves a 15.78% return, which is significantly lower than CVGI's 301.39% return. Over the past 10 years, KVHI has underperformed CVGI with an annualized return of -0.34%, while CVGI has yielded a comparatively higher 3.60% 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%

CVGI

• 1D: 4.33%
• 1M: 35.68%
• YTD: 301.39%
• 6M: 236.05%
• 1Y: 293.20%
• 3Y*: -16.53%
• 5Y*: -13.08%
• 10Y*: 3.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KVHI vs. CVGI - 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%
CVGI Commercial Vehicle Group, Inc.	301.39%	-41.94%	-64.62%	2.94%	-15.51%	-6.82%	36.22%	11.40%	-46.68%	93.31%

Correlation

The correlation between KVHI and CVGI is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Aug 10, 2004	0.26

The correlation between KVHI and CVGI shifts across timeframes, from 0.12 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap KVHI : $156.78M CVGI : $205.25M
EPS KVHI : -$0.26 CVGI : -$0.51
PS Ratio KVHI : 1.33 CVGI : 0.30
PB Ratio KVHI : 1.19 CVGI : 1.57
Total Revenue (TTM) KVHI : $117.91M CVGI : $650.70M
Gross Profit (TTM) KVHI : $20.06M CVGI : $74.77M
EBITDA (TTM) KVHI : -$551.00K CVGI : $37.05M

Return for Risk

KVHI vs. CVGI — Risk / Return Rank

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

KVHI

KVHI Risk / Return Rank: 73
KVHI Sharpe Ratio Rank: 72
KVHI Sortino Ratio Rank: 72
KVHI Omega Ratio Rank: 69
KVHI Calmar Ratio Rank: 72
KVHI Martin Ratio Rank: 79

CVGI

CVGI Risk / Return Rank: 94
CVGI Sharpe Ratio Rank: 96
CVGI Sortino Ratio Rank: 94
CVGI Omega Ratio Rank: 91
CVGI Calmar Ratio Rank: 96
CVGI Martin Ratio Rank: 94

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.

KVHI vs. CVGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KVH Industries, Inc. (KVHI) and Commercial Vehicle Group, Inc. (CVGI). 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	CVGI	Difference
Sharpe ratio Return per unit of total volatility	1.02	3.46	-2.44
Sortino ratio Return per unit of downside risk	1.81	4.00	-2.19
Omega ratio Gain probability vs. loss probability	1.22	1.45	-0.23
Calmar ratio Return relative to maximum drawdown	1.74	8.30	-6.56
Martin ratio Return relative to average drawdown	6.30	17.52	-11.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KVHI vs. CVGI - Sharpe Ratio Comparison

The current KVHI Sharpe Ratio is 1.02, which is lower than the CVGI Sharpe Ratio of 3.46. The chart below compares the historical Sharpe Ratios of KVHI and CVGI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KVHI	CVGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	3.46	-2.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.24	-0.21	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	0.05	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	-0.05	+0.06

Drawdowns

KVHI vs. CVGI - Drawdown Comparison

The maximum KVHI drawdown since its inception was -91.15%, smaller than the maximum CVGI drawdown of -98.04%. Use the drawdown chart below to compare losses from any high point for KVHI and CVGI.

Drawdown Indicators

	KVHI	CVGI	Difference
Max Drawdown Largest peak-to-trough decline	-91.15%	-98.04%	+6.89%
Max Drawdown (1Y) Largest decline over 1 year	-30.97%	-35.58%	+4.61%
Max Drawdown (3Y) Largest decline over 3 years	-56.92%	-92.71%	+35.79%
Max Drawdown (5Y) Largest decline over 5 years	-69.27%	-92.93%	+23.66%
Max Drawdown (10Y) Largest decline over 10 years	-71.49%	-93.80%	+22.31%
Current Drawdown Current decline from peak	-75.55%	-75.92%	+0.37%
Average Drawdown Average peak-to-trough decline	-62.12%	-62.60%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.55%	16.83%	-8.28%

Volatility

KVHI vs. CVGI - Volatility Comparison

KVH Industries, Inc. (KVHI) and Commercial Vehicle Group, Inc. (CVGI) have volatilities of 26.98% and 25.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KVHI	CVGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.98%	25.83%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	44.72%	67.30%	-22.58%
Volatility (1Y) Calculated over the trailing 1-year period	53.19%	85.53%	-32.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.80%	63.60%	-20.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.53%	68.68%	-25.15%

Dividends

KVHI vs. CVGI - Dividend Comparison

Neither KVHI nor CVGI has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

KVHI vs. CVGI - Profitability Comparison

The chart below illustrates the profitability comparison between KVH Industries, Inc. and Commercial Vehicle Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

CVGI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Commercial Vehicle Group, Inc. reported a gross profit of 19.82M and revenue of 171.50M. Therefore, the gross margin over that period was 11.6%.

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%.

CVGI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Commercial Vehicle Group, Inc. reported an operating income of 14.71M and revenue of 171.50M, resulting in an operating margin of 8.6%.

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%.

CVGI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Commercial Vehicle Group, Inc. reported a net income of 902.00K and revenue of 171.50M, resulting in a net margin of 0.5%.

Frequently Asked Questions

Can I hold both KVHI and CVGI in my portfolio?

KVHI and CVGI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KVHI or CVGI?

KVHI has higher volatility (26.98%) compared to CVGI (25.83%). In terms of maximum drawdown, KVHI dropped -91.15% vs CVGI's -98.04%.

Which has better risk-adjusted returns?

CVGI currently has the higher Sharpe Ratio (3.46 vs 1.01), 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.