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NOVA vs. AVGO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

NOVA vs. AVGO

Last updated May 18, 2025

Compare and contrast key facts about Sunnova Energy International Inc. (NOVA) and Broadcom Inc. (AVGO).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOVA or AVGO.

Correlation

The correlation between NOVA and AVGO is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

NOVA vs. AVGO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sunnova Energy International Inc. (NOVA) and Broadcom Inc. (AVGO). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

NOVA:

-0.63

AVGO:

1.02

Sortino Ratio

NOVA:

-1.57

AVGO:

1.83

Omega Ratio

NOVA:

0.79

AVGO:

1.24

Calmar Ratio

NOVA:

-0.96

AVGO:

1.64

Martin Ratio

NOVA:

-1.53

AVGO:

4.54

Ulcer Index

NOVA:

62.65%

AVGO:

14.90%

Daily Std Dev

NOVA:

150.82%

AVGO:

63.12%

Max Drawdown

NOVA:

-99.67%

AVGO:

-48.30%

Current Drawdown

NOVA:

-99.60%

AVGO:

-8.03%

Fundamentals

Market Cap

NOVA:

$27.22M

AVGO:

$1.07T

EPS

NOVA:

-$2.96

AVGO:

$2.16

PS Ratio

NOVA:

0.03

AVGO:

19.71

PB Ratio

NOVA:

0.02

AVGO:

15.67

Total Revenue (TTM)

NOVA:

$903.15M

AVGO:

$42.04B

Gross Profit (TTM)

NOVA:

$418.79M

AVGO:

$27.50B

EBITDA (TTM)

NOVA:

$206.75M

AVGO:

$19.89B

Returns By Period

In the year-to-date period, NOVA achieves a -93.67% return, which is significantly lower than AVGO's -1.09% return.

NOVA

YTD

-93.67%

1M

23.30%

6M

-94.21%

1Y

-94.83%

5Y*

-57.67%

10Y*

N/A

AVGO

YTD

-1.09%

1M

33.70%

6M

39.48%

1Y

65.85%

5Y*

57.08%

10Y*

36.89%

*Annualized

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Risk-Adjusted Performance

NOVA vs. AVGO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NOVA
The Risk-Adjusted Performance Rank of NOVA is 77
Overall Rank
The Sharpe Ratio Rank of NOVA is 1717
Sharpe Ratio Rank
The Sortino Ratio Rank of NOVA is 55
Sortino Ratio Rank
The Omega Ratio Rank of NOVA is 55
Omega Ratio Rank
The Calmar Ratio Rank of NOVA is 11
Calmar Ratio Rank
The Martin Ratio Rank of NOVA is 55
Martin Ratio Rank
AVGO
The Risk-Adjusted Performance Rank of AVGO is 8585
Overall Rank
The Sharpe Ratio Rank of AVGO is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of AVGO is 8383
Sortino Ratio Rank
The Omega Ratio Rank of AVGO is 8282
Omega Ratio Rank
The Calmar Ratio Rank of AVGO is 9090
Calmar Ratio Rank
The Martin Ratio Rank of AVGO is 8585
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NOVA vs. AVGO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Sunnova Energy International Inc. (NOVA) and Broadcom Inc. (AVGO). 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.

The current NOVA Sharpe Ratio is -0.63, which is lower than the AVGO Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of NOVA and AVGO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

NOVA vs. AVGO - Dividend Comparison

NOVA has not paid dividends to shareholders, while AVGO's dividend yield for the trailing twelve months is around 0.98%.

TTM20242023202220212020201920182017201620152014
NOVA
Sunnova Energy International Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
AVGO
Broadcom Inc.		0.98%0.94%1.71%3.02%2.24%3.05%3.54%3.11%1.87%1.43%1.13%1.22%

Drawdowns

NOVA vs. AVGO - Drawdown Comparison

The maximum NOVA drawdown since its inception was -99.67%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for NOVA and AVGO. For additional features, visit the drawdowns tool.

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Volatility

NOVA vs. AVGO - Volatility Comparison

Sunnova Energy International Inc. (NOVA) has a higher volatility of 40.47% compared to Broadcom Inc. (AVGO) at 11.86%. This indicates that NOVA's price experiences larger fluctuations and is considered to be riskier than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Financials

NOVA vs. AVGO - Financials Comparison

This section allows you to compare key financial metrics between Sunnova Energy International Inc. and Broadcom 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.005.00B10.00B15.00B20212022202320242025
224.13M
14.92B
(NOVA) Total Revenue
(AVGO) Total Revenue
Values in USD except per share items

NOVA vs. AVGO - Profitability Comparison

The chart below illustrates the profitability comparison between Sunnova Energy International Inc. and Broadcom Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.
Gross Margin
Operating Margin
Net Margin
Quarterly
Annual
30.0%40.0%50.0%60.0%70.0%20212022202320242025
44.3%
68.0%
(NOVA) Gross Margin
(AVGO) Gross Margin
NOVA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Sunnova Energy International Inc. reported a gross profit of 99.34M and revenue of 224.13M. Therefore, the gross margin over that period was 44.3%.

AVGO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Broadcom Inc. reported a gross profit of 10.15B and revenue of 14.92B. Therefore, the gross margin over that period was 68.0%.

NOVA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Sunnova Energy International Inc. reported an operating income of -43.90M and revenue of 224.13M, resulting in an operating margin of -19.6%.

AVGO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Broadcom Inc. reported an operating income of 6.26B and revenue of 14.92B, resulting in an operating margin of 42.0%.

NOVA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Sunnova Energy International Inc. reported a net income of -142.29M and revenue of 224.13M, resulting in a net margin of -63.5%.

AVGO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Broadcom Inc. reported a net income of 5.50B and revenue of 14.92B, resulting in a net margin of 36.9%.