MDGL vs. ELVA
MDGL (Madrigal Pharmaceuticals, Inc.) and ELVA (Electrovaya Inc. Common Shares) are both stocks. MDGL operates in Biotechnology (Healthcare), while ELVA operates in Electrical Equipment & Parts (Industrials). Over the past 10 years, MDGL returned 46.09%/yr vs 2.89%/yr for ELVA. At a 0.05 correlation, their price movements are largely independent.
Performance
MDGL vs. ELVA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MDGL achieves a -17.44% return, which is significantly lower than ELVA's 20.25% return. Over the past 10 years, MDGL has outperformed ELVA with an annualized return of 46.09%, while ELVA has yielded a comparatively lower 2.89% annualized return.
MDGL
- 1D
- 1.37%
- 1M
- -10.95%
- YTD
- -17.44%
- 6M
- -15.87%
- 1Y
- 62.66%
- 3Y*
- 21.44%
- 5Y*
- 34.82%
- 10Y*
- 46.09%
ELVA
- 1D
- -3.16%
- 1M
- -0.52%
- YTD
- 20.25%
- 6M
- 43.50%
- 1Y
- 181.07%
- 3Y*
- 37.56%
- 5Y*
- 9.63%
- 10Y*
- 2.89%
MDGL vs. ELVA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDGL Madrigal Pharmaceuticals, Inc. | -17.44% | 88.72% | 33.36% | -20.28% | 242.52% | -23.77% | 22.02% | -19.17% | 22.80% | 516.04% |
ELVA Electrovaya Inc. Common Shares | 20.25% | 218.55% | -18.95% | -17.30% | 2.78% | -38.98% | 686.67% | 48.08% | -80.52% | -67.02% |
Correlation
The correlation between MDGL and ELVA is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2016 | 0.05 |
Fundamentals
MDGL:
$13.96B
ELVA:
$490.77M
MDGL:
-$12.87
ELVA:
$0.11
MDGL:
10.21
ELVA:
6.21
MDGL:
25.68
ELVA:
7.79
MDGL:
$1.13B
ELVA:
$70.74M
MDGL:
$1.05B
ELVA:
$22.01M
MDGL:
-$287.63M
ELVA:
$6.86M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MDGL vs. ELVA — Risk / Return Rank
MDGL
ELVA
MDGL vs. ELVA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Madrigal Pharmaceuticals, Inc. (MDGL) and Electrovaya Inc. Common Shares (ELVA). 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.
| MDGL | ELVA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 3.80 | -1.68 |
| Martin ratioReturn relative to average drawdown | 4.63 | 9.01 | -4.38 |
Loading charts...
Drawdowns
MDGL vs. ELVA - Drawdown Comparison
The maximum MDGL drawdown since its inception was -98.40%, roughly equal to the maximum ELVA drawdown of -96.90%. Use the drawdown chart below to compare losses from any high point for MDGL and ELVA.
Loading charts...
Drawdown Indicators
| MDGL | ELVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.40% | -96.90% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -29.36% | -44.42% | +15.06% |
Max Drawdown (3Y)Largest decline over 3 years | -52.88% | -64.19% | +11.31% |
Max Drawdown (5Y)Largest decline over 5 years | -61.41% | -66.78% | +5.37% |
Max Drawdown (10Y)Largest decline over 10 years | -82.19% | -96.90% | +14.71% |
Current DrawdownCurrent decline from peak | -20.25% | -41.01% | +20.76% |
Average DrawdownAverage peak-to-trough decline | -58.52% | -73.62% | +15.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.38% | 18.71% | -5.33% |
Volatility
MDGL vs. ELVA - Volatility Comparison
The current volatility for Madrigal Pharmaceuticals, Inc. (MDGL) is 13.71%, while Electrovaya Inc. Common Shares (ELVA) has a volatility of 27.27%. This indicates that MDGL experiences smaller price fluctuations and is considered to be less risky than ELVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MDGL | ELVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.71% | 27.27% | -13.56% |
Volatility (6M)Calculated over the trailing 6-month period | 31.76% | 63.77% | -32.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.97% | 84.18% | -38.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 133.37% | 69.12% | +64.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.49% | 86.10% | +31.39% |
Dividends
MDGL vs. ELVA - Dividend Comparison
Neither MDGL nor ELVA has paid dividends to shareholders.
Financials
MDGL vs. ELVA - Financials Comparison
This section allows you to compare key financial metrics between Madrigal Pharmaceuticals, Inc. and Electrovaya Inc. Common Shares. 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
MDGL vs. ELVA - Profitability Comparison
MDGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Madrigal Pharmaceuticals, Inc. reported a gross profit of 284.49M and revenue of 311.34M. Therefore, the gross margin over that period was 91.4%.
ELVA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Electrovaya Inc. Common Shares reported a gross profit of 5.51M and revenue of 17.80M. Therefore, the gross margin over that period was 31.0%.
MDGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Madrigal Pharmaceuticals, Inc. reported an operating income of -92.72M and revenue of 311.34M, resulting in an operating margin of -29.8%.
ELVA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Electrovaya Inc. Common Shares reported an operating income of 1.52M and revenue of 17.80M, resulting in an operating margin of 8.5%.
MDGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Madrigal Pharmaceuticals, Inc. reported a net income of -94.39M and revenue of 311.34M, resulting in a net margin of -30.3%.
ELVA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Electrovaya Inc. Common Shares reported a net income of 1.00M and revenue of 17.80M, resulting in a net margin of 5.6%.
Frequently Asked Questions
MDGL and ELVA have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELVA has higher volatility (27.27%) compared to MDGL (13.71%). In terms of maximum drawdown, MDGL dropped -98.40% vs ELVA's -96.90%.
ELVA currently has the higher Sharpe Ratio (2.00 vs 1.35), 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.
Find the right allocation for MDGL and ELVA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer