NVNO vs. GCT

Last updated Jun 4, 2026

NVNO (enVVeno Medical Corporation) and GCT (GigaCloud Technology Inc) are both stocks. NVNO operates in Medical Devices (Healthcare), while GCT operates in Software - Infrastructure (Technology). Over the past 3 years, NVNO returned -54.08%/yr vs 68.45%/yr for GCT. At a 0.15 correlation, their price movements are largely independent.

Performance

NVNO vs. GCT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in enVVeno Medical Corporation (NVNO) and GigaCloud Technology Inc (GCT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVNO achieves a -4.62% return, which is significantly higher than GCT's -17.49% return.

NVNO

• 1D: -0.38%
• 1M: 0.27%
• YTD: -4.62%
• 6M: -22.22%
• 1Y: -91.18%
• 3Y*: -54.08%
• 5Y*: -45.11%
• 10Y*: —

GCT

• 1D: -6.03%
• 1M: -25.94%
• YTD: -17.49%
• 6M: -17.78%
• 1Y: 78.27%
• 3Y*: 68.45%
• 5Y*: —
• 10Y*: —

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

NVNO vs. GCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NVNO enVVeno Medical Corporation	-4.62%	-89.38%	-41.25%	0.78%	-18.92%
GCT GigaCloud Technology Inc	-17.49%	112.10%	1.23%	221.53%	-63.73%

Correlation

The correlation between NVNO and GCT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Aug 19, 2022	0.15

Fundamentals

Market Cap NVNO : $7.00M GCT : $1.19B
EPS NVNO : -$58.99 GCT : $3.94
PB Ratio NVNO : 0.29 GCT : 2.34
Total Revenue (TTM) NVNO : $0.00 GCT : $1.38B
Gross Profit (TTM) NVNO : -$491.00K GCT : $322.79M
EBITDA (TTM) NVNO : -$18.82M GCT : $177.88M

Return for Risk

NVNO vs. GCT — Risk / Return Rank

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

NVNO

NVNO Risk / Return Rank: 8
NVNO Sharpe Ratio Rank: 10
NVNO Sortino Ratio Rank: 7
NVNO Omega Ratio Rank: 4
NVNO Calmar Ratio Rank: 3
NVNO Martin Ratio Rank: 17

GCT

GCT Risk / Return Rank: 75
GCT Sharpe Ratio Rank: 72
GCT Sortino Ratio Rank: 77
GCT Omega Ratio Rank: 72
GCT Calmar Ratio Rank: 75
GCT Martin Ratio Rank: 79

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.

NVNO vs. GCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for enVVeno Medical Corporation (NVNO) and GigaCloud Technology Inc (GCT). 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.

	NVNO	GCT	Difference
Sharpe ratio: Return per unit of total volatility	-0.76	1.01	-1.78
Sortino ratio: Return per unit of downside risk	-1.38	2.18	-3.56
Omega ratio: Gain probability vs. loss probability	0.78	1.24	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.96	2.10	-3.06
Martin ratio: Return relative to average drawdown	-1.13	6.36	-7.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVNO vs. GCT - Sharpe Ratio Comparison

The current NVNO Sharpe Ratio is -0.76, which is lower than the GCT Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of NVNO and GCT, 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

	NVNO	GCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	1.01	-1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.57	0.15	-0.71

Drawdowns

NVNO vs. GCT - Drawdown Comparison

The maximum NVNO drawdown since its inception was -99.81%, which is greater than GCT's maximum drawdown of -91.11%. Use the drawdown chart below to compare losses from any high point for NVNO and GCT.

Drawdown Indicators

	NVNO	GCT	Difference
Max Drawdown Largest peak-to-trough decline	-99.81%	-91.11%	-8.70%
Max Drawdown (1Y) Largest decline over 1 year	-95.28%	-37.43%	-57.85%
Max Drawdown (3Y) Largest decline over 3 years	-96.27%	-73.16%	-23.11%
Max Drawdown (5Y) Largest decline over 5 years	-97.66%	—	—
Current Drawdown Current decline from peak	-99.77%	-37.43%	-62.34%
Average Drawdown Average peak-to-trough decline	-89.97%	-56.21%	-33.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	80.82%	12.34%	+68.48%

Volatility

NVNO vs. GCT - Volatility Comparison

enVVeno Medical Corporation (NVNO) has a higher volatility of 17.10% compared to GigaCloud Technology Inc (GCT) at 15.80%. This indicates that NVNO's price experiences larger fluctuations and is considered to be riskier than GCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVNO	GCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.10%	15.80%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	63.05%	50.39%	+12.66%
Volatility (1Y) Calculated over the trailing 1-year period	119.68%	77.72%	+41.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.37%	145.10%	-63.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.72%	145.10%	-51.38%

Dividends

NVNO vs. GCT - Dividend Comparison

Neither NVNO nor GCT has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both NVNO and GCT in my portfolio?

NVNO and GCT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVNO or GCT?

NVNO has higher volatility (17.10%) compared to GCT (15.80%). In terms of maximum drawdown, NVNO dropped -99.81% vs GCT's -91.11%.

Which has better risk-adjusted returns?

GCT currently has the higher Sharpe Ratio (1.01 vs -0.76), 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.