NOV vs. ELV
Compare and contrast key facts about National Oilwell Varco, Inc. (NOV) and Elevance Health Inc (ELV).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOV or ELV.
Correlation
The correlation between NOV and ELV is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NOV vs. ELV - Performance Comparison
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Key characteristics
NOV:
-0.78
ELV:
-0.76
NOV:
-1.00
ELV:
-0.93
NOV:
0.87
ELV:
0.87
NOV:
-0.38
ELV:
-0.67
NOV:
-1.31
ELV:
-1.08
NOV:
24.73%
ELV:
21.39%
NOV:
42.28%
ELV:
29.90%
NOV:
-89.77%
ELV:
-67.19%
NOV:
-83.21%
ELV:
-25.81%
Fundamentals
NOV:
$4.72B
ELV:
$91.23B
NOV:
$1.49
ELV:
$25.68
NOV:
8.44
ELV:
15.72
NOV:
0.27
ELV:
0.73
NOV:
0.54
ELV:
0.50
NOV:
0.75
ELV:
2.14
NOV:
$8.82B
ELV:
$183.12B
NOV:
$2.13B
ELV:
$114.62B
NOV:
$1.22B
ELV:
$10.09B
Returns By Period
In the year-to-date period, NOV achieves a -13.65% return, which is significantly lower than ELV's 12.29% return. Over the past 10 years, NOV has underperformed ELV with an annualized return of -11.95%, while ELV has yielded a comparatively higher 11.15% annualized return.
NOV
-13.65%
0.08%
-20.77%
-32.66%
-10.19%
1.64%
-11.95%
ELV
12.29%
-2.84%
5.51%
-22.74%
-4.56%
9.52%
11.15%
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Risk-Adjusted Performance
NOV vs. ELV — Risk-Adjusted Performance Rank
NOV
ELV
NOV vs. ELV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for National Oilwell Varco, Inc. (NOV) and Elevance Health Inc (ELV). 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.
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Dividends
NOV vs. ELV - Dividend Comparison
NOV's dividend yield for the trailing twelve months is around 2.39%, more than ELV's 1.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOV National Oilwell Varco, Inc. | 2.39% | 1.88% | 0.99% | 0.96% | 0.37% | 0.36% | 0.80% | 0.78% | 0.56% | 1.63% | 5.49% | 2.46% |
ELV Elevance Health Inc | 1.60% | 1.77% | 1.26% | 1.00% | 0.98% | 1.18% | 1.06% | 1.14% | 1.20% | 1.81% | 1.79% | 1.39% |
Drawdowns
NOV vs. ELV - Drawdown Comparison
The maximum NOV drawdown since its inception was -89.77%, which is greater than ELV's maximum drawdown of -67.19%. Use the drawdown chart below to compare losses from any high point for NOV and ELV. For additional features, visit the drawdowns tool.
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Volatility
NOV vs. ELV - Volatility Comparison
The current volatility for National Oilwell Varco, Inc. (NOV) is 9.97%, while Elevance Health Inc (ELV) has a volatility of 14.08%. This indicates that NOV experiences smaller price fluctuations and is considered to be less risky than ELV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
NOV vs. ELV - Financials Comparison
This section allows you to compare key financial metrics between National Oilwell Varco, Inc. and Elevance Health Inc. 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
NOV vs. ELV - Profitability Comparison
NOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, National Oilwell Varco, Inc. reported a gross profit of 447.00M and revenue of 2.10B. Therefore, the gross margin over that period was 21.3%.
ELV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Elevance Health Inc reported a gross profit of 43.91B and revenue of 48.89B. Therefore, the gross margin over that period was 89.8%.
NOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, National Oilwell Varco, Inc. reported an operating income of 152.00M and revenue of 2.10B, resulting in an operating margin of 7.2%.
ELV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Elevance Health Inc reported an operating income of 3.14B and revenue of 48.89B, resulting in an operating margin of 6.4%.
NOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, National Oilwell Varco, Inc. reported a net income of 73.00M and revenue of 2.10B, resulting in a net margin of 3.5%.
ELV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Elevance Health Inc reported a net income of 2.18B and revenue of 48.89B, resulting in a net margin of 4.5%.