MRVI vs. AA

Last updated Jun 4, 2026

MRVI (Maravai LifeSciences Holdings, Inc.) and AA (Alcoa Corporation) are both stocks. MRVI operates in Biotechnology (Healthcare), while AA operates in Aluminum (Basic Materials). Over the past 5 years, MRVI returned -35.31%/yr vs 16.94%/yr for AA. At a 0.18 correlation, their price movements are largely independent.

Performance

MRVI vs. AA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Maravai LifeSciences Holdings, Inc. (MRVI) and Alcoa Corporation (AA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRVI achieves a 48.92% return, which is significantly lower than AA's 52.66% return.

MRVI

• 1D: 0.21%
• 1M: 27.70%
• YTD: 48.92%
• 6M: 37.89%
• 1Y: 118.02%
• 3Y*: -28.66%
• 5Y*: -35.31%
• 10Y*: —

AA

• 1D: -3.50%
• 1M: 29.67%
• YTD: 52.66%
• 6M: 83.95%
• 1Y: 195.08%
• 3Y*: 33.82%
• 5Y*: 16.94%
• 10Y*: —

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

MRVI vs. AA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MRVI Maravai LifeSciences Holdings, Inc.	48.92%	-40.37%	-16.79%	-54.23%	-65.85%	49.38%	-6.03%
AA Alcoa Corporation	52.66%	42.46%	12.43%	-24.33%	-23.12%	159.05%	22.48%

Correlation

The correlation between MRVI and AA is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020	0.18

The correlation between MRVI and AA shifts across timeframes, from 0.18 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MRVI : $708.70M AA : $21.32B
EPS MRVI : -$0.72 AA : $3.92
PS Ratio MRVI : 3.43 AA : 1.67
PB Ratio MRVI : 3.35 AA : 3.12
Total Revenue (TTM) MRVI : $204.73M AA : $12.66B
Gross Profit (TTM) MRVI : $59.37M AA : $948.00M
EBITDA (TTM) MRVI : -$118.27M AA : $1.70B

Return for Risk

MRVI vs. AA — Risk / Return Rank

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

MRVI

MRVI Risk / Return Rank: 83
MRVI Sharpe Ratio Rank: 83
MRVI Sortino Ratio Rank: 83
MRVI Omega Ratio Rank: 79
MRVI Calmar Ratio Rank: 87
MRVI Martin Ratio Rank: 85

AA

AA Risk / Return Rank: 95
AA Sharpe Ratio Rank: 97
AA Sortino Ratio Rank: 94
AA Omega Ratio Rank: 91
AA Calmar Ratio Rank: 98
AA Martin Ratio Rank: 98

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.

MRVI vs. AA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Maravai LifeSciences Holdings, Inc. (MRVI) and Alcoa Corporation (AA). 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.

	MRVI	AA	Difference
Sharpe ratio Return per unit of total volatility	1.63	3.74	-2.11
Sortino ratio Return per unit of downside risk	2.57	3.92	-1.35
Omega ratio Gain probability vs. loss probability	1.29	1.47	-0.17
Calmar ratio Return relative to maximum drawdown	3.97	12.43	-8.47
Martin ratio Return relative to average drawdown	8.88	30.82	-21.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRVI vs. AA - Sharpe Ratio Comparison

The current MRVI Sharpe Ratio is 1.63, which is lower than the AA Sharpe Ratio of 3.74. The chart below compares the historical Sharpe Ratios of MRVI and AA, 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

	MRVI	AA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	3.74	-2.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.47	0.30	-0.78
Sharpe Ratio (All Time) Calculated using the full available price history	-0.38	0.26	-0.65

Drawdowns

MRVI vs. AA - Drawdown Comparison

The maximum MRVI drawdown since its inception was -97.16%, which is greater than AA's maximum drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for MRVI and AA.

Drawdown Indicators

	MRVI	AA	Difference
Max Drawdown Largest peak-to-trough decline	-97.16%	-90.90%	-6.26%
Max Drawdown (1Y) Largest decline over 1 year	-29.93%	-15.80%	-14.13%
Max Drawdown (3Y) Largest decline over 3 years	-88.25%	-52.25%	-36.00%
Max Drawdown (5Y) Largest decline over 5 years	-97.16%	-75.46%	-21.70%
Current Drawdown Current decline from peak	-92.02%	-10.95%	-81.07%
Average Drawdown Average peak-to-trough decline	-67.60%	-46.21%	-21.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.34%	6.36%	+6.98%

Volatility

MRVI vs. AA - Volatility Comparison

Maravai LifeSciences Holdings, Inc. (MRVI) has a higher volatility of 24.44% compared to Alcoa Corporation (AA) at 15.13%. This indicates that MRVI's price experiences larger fluctuations and is considered to be riskier than AA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRVI	AA	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.44%	15.13%	+9.31%
Volatility (6M) Calculated over the trailing 6-month period	43.54%	38.86%	+4.68%
Volatility (1Y) Calculated over the trailing 1-year period	72.75%	52.62%	+20.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.72%	55.96%	+18.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.52%	55.55%	+17.97%

Dividends

MRVI vs. AA - Dividend Comparison

MRVI has not paid dividends to shareholders, while AA's dividend yield for the trailing twelve months is around 0.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AA Alcoa Corporation	0.49%	0.75%	1.06%	1.18%	0.88%	0.17%	0.00%	0.00%	0.00%	0.00%	0.32%
MRVI Maravai LifeSciences Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

MRVI vs. AA - Profitability Comparison

The chart below illustrates the profitability comparison between Maravai LifeSciences Holdings, Inc. and Alcoa Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MRVI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Maravai LifeSciences Holdings, Inc. reported a gross profit of 33.70M and revenue of 65.84M. Therefore, the gross margin over that period was 51.2%.

AA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a gross profit of 0.00 and revenue of 3.19B. Therefore, the gross margin over that period was 0.0%.

MRVI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Maravai LifeSciences Holdings, Inc. reported an operating income of 720.00K and revenue of 65.84M, resulting in an operating margin of 1.1%.

AA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported an operating income of 0.00 and revenue of 3.19B, resulting in an operating margin of 0.0%.

MRVI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Maravai LifeSciences Holdings, Inc. reported a net income of -3.73M and revenue of 65.84M, resulting in a net margin of -5.7%.

AA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alcoa Corporation reported a net income of 425.00M and revenue of 3.19B, resulting in a net margin of 13.3%.

Frequently Asked Questions

Can I hold both MRVI and AA in my portfolio?

MRVI and AA have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRVI or AA?

MRVI has higher volatility (24.44%) compared to AA (15.13%). In terms of maximum drawdown, MRVI dropped -97.16% vs AA's -90.90%.

Which has better risk-adjusted returns?

AA currently has the higher Sharpe Ratio (3.74 vs 1.63), 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.