NEXA vs. ELVA
NEXA (Nexa Resources S.A.) and ELVA (Electrovaya Inc. Common Shares) are both stocks. NEXA operates in Other Industrial Metals & Mining (Basic Materials), while ELVA operates in Electrical Equipment & Parts (Industrials). Over the past 5 years, NEXA returned 7.14%/yr vs 13.69%/yr for ELVA. At a 0.11 correlation, their price movements are largely independent.
Performance
NEXA vs. ELVA - Performance Comparison
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Returns By Period
In the year-to-date period, NEXA achieves a 70.06% return, which is significantly higher than ELVA's 40.63% return.
NEXA
- 1D
- -4.81%
- 1M
- -5.88%
- YTD
- 70.06%
- 6M
- 109.90%
- 1Y
- 212.93%
- 3Y*
- 41.97%
- 5Y*
- 7.14%
- 10Y*
- —
ELVA
- 1D
- -1.51%
- 1M
- 8.60%
- YTD
- 40.63%
- 6M
- 111.22%
- 1Y
- 241.85%
- 3Y*
- 47.33%
- 5Y*
- 13.69%
- 10Y*
- 5.09%
NEXA vs. ELVA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEXA Nexa Resources S.A. | 70.06% | 2.67% | 23.25% | 22.07% | -20.07% | -16.38% | 28.63% | -28.32% | -37.43% | 12.70% |
ELVA Electrovaya Inc. Common Shares | 40.63% | 218.55% | -18.95% | -17.30% | 2.78% | -38.98% | 686.67% | 48.08% | -80.52% | -29.73% |
Correlation
The correlation between NEXA and ELVA is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2017 | 0.11 |
The correlation between NEXA and ELVA shifts across timeframes, from 0.11 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NEXA:
$1.99B
ELVA:
$573.94M
NEXA:
$1.59
ELVA:
$0.11
NEXA:
9.49
ELVA:
102.75
NEXA:
0.53
ELVA:
1.22
NEXA:
0.61
ELVA:
7.26
NEXA:
1.75
ELVA:
9.11
NEXA:
$3.24B
ELVA:
$70.74M
NEXA:
$733.72M
ELVA:
$22.01M
NEXA:
$1.10B
ELVA:
$6.86M
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Return for Risk
NEXA vs. ELVA — Risk / Return Rank
NEXA
ELVA
NEXA vs. ELVA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nexa Resources S.A. (NEXA) 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.
| NEXA | ELVA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.40 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.74 | 5.48 | +0.26 |
| Martin ratioReturn relative to average drawdown | 19.00 | 13.13 | +5.87 |
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
| NEXA | ELVA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.40 | 2.91 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.20 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.18 | -0.16 |
Drawdowns
NEXA vs. ELVA - Drawdown Comparison
The maximum NEXA drawdown since its inception was -85.01%, smaller than the maximum ELVA drawdown of -96.90%. Use the drawdown chart below to compare losses from any high point for NEXA and ELVA.
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Drawdown Indicators
| NEXA | ELVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.01% | -96.90% | +11.89% |
Max Drawdown (1Y)Largest decline over 1 year | -37.31% | -44.42% | +7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -47.02% | -64.19% | +17.17% |
Max Drawdown (5Y)Largest decline over 5 years | -62.86% | -67.83% | +4.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -96.90% | — |
Current DrawdownCurrent decline from peak | -9.99% | -31.02% | +21.03% |
Average DrawdownAverage peak-to-trough decline | -51.45% | -73.73% | +22.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.26% | 18.51% | -7.25% |
Volatility
NEXA vs. ELVA - Volatility Comparison
The current volatility for Nexa Resources S.A. (NEXA) is 26.17%, while Electrovaya Inc. Common Shares (ELVA) has a volatility of 28.47%. This indicates that NEXA 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.
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Volatility by Period
| NEXA | ELVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.17% | 28.47% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 56.68% | 62.92% | -6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.07% | 83.65% | -20.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.39% | 68.98% | -11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.68% | 86.12% | -26.44% |
Dividends
NEXA vs. ELVA - Dividend Comparison
NEXA's dividend yield for the trailing twelve months is around 0.67%, while ELVA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ELVA Electrovaya Inc. Common Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NEXA Nexa Resources S.A. | 0.67% | 1.14% | 0.00% | 2.64% | 6.26% | 3.36% | 3.92% | 6.46% | 5.04% |
Financials
NEXA vs. ELVA - Financials Comparison
This section allows you to compare key financial metrics between Nexa Resources S.A. 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
NEXA vs. ELVA - Profitability Comparison
NEXA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nexa Resources S.A. reported a gross profit of 272.15M and revenue of 888.32M. Therefore, the gross margin over that period was 30.6%.
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%.
NEXA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nexa Resources S.A. reported an operating income of 218.06M and revenue of 888.32M, resulting in an operating margin of 24.6%.
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%.
NEXA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nexa Resources S.A. reported a net income of 89.31M and revenue of 888.32M, resulting in a net margin of 10.1%.
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
NEXA and ELVA have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELVA has higher volatility (28.47%) compared to NEXA (26.17%). In terms of maximum drawdown, NEXA dropped -85.01% vs ELVA's -96.90%.
NEXA currently has the higher Sharpe Ratio (3.40 vs 2.91), 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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