NVST vs. MVST
NVST (Envista Holdings Corporation) and MVST (Microvast Holdings, Inc.) are both stocks. NVST operates in Medical Instruments & Supplies (Healthcare), while MVST operates in Electrical Equipment & Parts (Industrials). Over the past 5 years, NVST returned -9.93%/yr vs -38.49%/yr for MVST. At a 0.17 correlation, their price movements are largely independent.
Performance
NVST vs. MVST - Performance Comparison
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Returns By Period
In the year-to-date period, NVST achieves a 19.94% return, which is significantly higher than MVST's -57.86% return.
NVST
- 1D
- 3.09%
- 1M
- 11.14%
- YTD
- 19.94%
- 6M
- 18.36%
- 1Y
- 37.49%
- 3Y*
- -8.05%
- 5Y*
- -9.93%
- 10Y*
- —
MVST
- 1D
- -7.09%
- 1M
- -19.18%
- YTD
- -57.86%
- 6M
- -60.80%
- 1Y
- -69.82%
- 3Y*
- -8.89%
- 5Y*
- -38.49%
- 10Y*
- —
NVST vs. MVST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NVST Envista Holdings Corporation | 19.94% | 12.55% | -19.83% | -28.54% | -25.28% | 33.59% | 13.80% | 15.56% |
MVST Microvast Holdings, Inc. | -57.86% | 35.27% | 47.86% | -8.50% | -72.97% | -66.90% | 71.69% | 0.61% |
Correlation
The correlation between NVST and MVST is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
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 Sep 18, 2019 | 0.17 |
Fundamentals
NVST:
$4.33B
MVST:
$454.62M
NVST:
$0.40
MVST:
-$0.27
NVST:
1.56
MVST:
1.09
NVST:
1.41
MVST:
0.98
NVST:
$2.81B
MVST:
$371.64M
NVST:
$1.55B
MVST:
$130.76M
NVST:
$342.00M
MVST:
-$5.47M
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Return for Risk
NVST vs. MVST — Risk / Return Rank
NVST
MVST
NVST vs. MVST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Envista Holdings Corporation (NVST) and Microvast Holdings, Inc. (MVST). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVST | MVST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.87 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | -0.85 | +2.30 |
| Martin ratioReturn relative to average drawdown | 3.60 | -1.33 | +4.93 |
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Drawdowns
NVST vs. MVST - Drawdown Comparison
The maximum NVST drawdown since its inception was -71.00%, smaller than the maximum MVST drawdown of -99.34%. Use the drawdown chart below to compare losses from any high point for NVST and MVST.
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Drawdown Indicators
| NVST | MVST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.00% | -99.34% | +28.34% |
Max Drawdown (1Y)Largest decline over 1 year | -25.97% | -82.34% | +56.37% |
Max Drawdown (3Y)Largest decline over 3 years | -58.66% | -94.40% | +35.74% |
Max Drawdown (5Y)Largest decline over 5 years | -71.00% | -98.91% | +27.91% |
Current DrawdownCurrent decline from peak | -48.84% | -95.18% | +46.34% |
Average DrawdownAverage peak-to-trough decline | -35.10% | -63.44% | +28.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.44% | 52.69% | -42.25% |
Volatility
NVST vs. MVST - Volatility Comparison
The current volatility for Envista Holdings Corporation (NVST) is 8.96%, while Microvast Holdings, Inc. (MVST) has a volatility of 25.35%. This indicates that NVST experiences smaller price fluctuations and is considered to be less risky than MVST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVST | MVST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.96% | 25.35% | -16.39% |
Volatility (6M)Calculated over the trailing 6-month period | 30.54% | 78.28% | -47.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.31% | 94.94% | -55.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.23% | 188.00% | -151.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.05% | 159.58% | -119.53% |
Dividends
NVST vs. MVST - Dividend Comparison
Neither NVST nor MVST has paid dividends to shareholders.
Financials
NVST vs. MVST - Financials Comparison
This section allows you to compare key financial metrics between Envista Holdings Corporation and Microvast Holdings, 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
NVST vs. MVST - Profitability Comparison
NVST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Envista Holdings Corporation reported a gross profit of 390.10M and revenue of 705.50M. Therefore, the gross margin over that period was 55.3%.
MVST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microvast Holdings, Inc. reported a gross profit of 19.16M and revenue of 60.61M. Therefore, the gross margin over that period was 31.6%.
NVST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Envista Holdings Corporation reported an operating income of 62.50M and revenue of 705.50M, resulting in an operating margin of 8.9%.
MVST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microvast Holdings, Inc. reported an operating income of -7.93M and revenue of 60.61M, resulting in an operating margin of -13.1%.
NVST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Envista Holdings Corporation reported a net income of 38.70M and revenue of 705.50M, resulting in a net margin of 5.5%.
MVST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microvast Holdings, Inc. reported a net income of 0.00 and revenue of 60.61M, resulting in a net margin of 0.0%.
Frequently Asked Questions
NVST and MVST have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MVST has higher volatility (25.35%) compared to NVST (8.96%). In terms of maximum drawdown, NVST dropped -71.00% vs MVST's -99.34%.
NVST currently has the higher Sharpe Ratio (0.96 vs -0.74), 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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