OIS vs. INVX

Last updated Jul 17, 2026

OIS (Oil States International, Inc.) and INVX (Innovex International, Inc) are both stocks. Both operate in the Oil & Gas Equipment & Services industry within the Energy sector. Over the past 10 years, OIS returned -12.39%/yr vs -7.98%/yr for INVX. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

OIS vs. INVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Oil States International, Inc. (OIS) and Innovex International, Inc (INVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OIS achieves a 24.96% return, which is significantly higher than INVX's 17.56% return. Over the past 10 years, OIS has underperformed INVX with an annualized return of -12.39%, while INVX has yielded a comparatively higher -7.98% annualized return.

OIS

• 1D: 0.00%
• 1M: 5.75%
• 6M: 3.30%
• YTD: 24.96%
• 1Y: 66.21%
• 3Y*: 1.17%
• 5Y*: 6.83%
• 10Y*: -12.39%

INVX

• 1D: -0.66%
• 1M: -3.89%
• 6M: 5.76%
• YTD: 17.56%
• 1Y: 65.76%
• 3Y*: 0.95%
• 5Y*: -1.82%
• 10Y*: -7.98%

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

OIS vs. INVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OIS Oil States International, Inc.	24.96%	33.79%	-25.48%	-8.98%	50.10%	-1.00%	-69.22%	14.22%	-49.54%	-27.44%
INVX Innovex International, Inc	17.56%	56.55%	-39.97%	-14.35%	38.06%	-33.56%	-36.86%	56.21%	-37.04%	-20.57%

Correlation

The correlation between OIS and INVX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Feb 9, 2001	0.64

The correlation between OIS and INVX has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.

Fundamentals

Market Cap OIS : $509.24M INVX : $1.80B
EPS OIS : -$1.83 INVX : $0.75
PS Ratio OIS : 0.96 INVX : 1.82
PB Ratio OIS : 0.87 INVX : 1.72
Total Revenue (TTM) OIS : $509.05M INVX : $976.87M
Gross Profit (TTM) OIS : -$47.25M INVX : $280.46M
EBITDA (TTM) OIS : $41.12M INVX : $157.28M

Return for Risk

OIS vs. INVX — Risk / Return Rank

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

OIS

OIS Risk / Return Rank: 76
OIS Sharpe Ratio Rank: 79
OIS Sortino Ratio Rank: 76
OIS Omega Ratio Rank: 78
OIS Calmar Ratio Rank: 72
OIS Martin Ratio Rank: 72

INVX

INVX Risk / Return Rank: 84
INVX Sharpe Ratio Rank: 86
INVX Sortino Ratio Rank: 83
INVX Omega Ratio Rank: 80
INVX Calmar Ratio Rank: 85
INVX Martin Ratio Rank: 85

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.

OIS vs. INVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Oil States International, Inc. (OIS) and Innovex International, Inc (INVX). 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.

	OIS	INVX	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.60	-0.40
Sortino ratio: Return per unit of downside risk	1.85	2.22	-0.37
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	1.43	2.76	-1.33
Martin ratio: Return relative to average drawdown	3.18	7.33	-4.15

OIS vs. INVX - Sharpe Ratio Comparison

The current OIS Sharpe Ratio is 1.20, which is comparable to the INVX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of OIS and INVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OIS vs. INVX - Drawdown Comparison

The maximum OIS drawdown since its inception was -97.45%, which is greater than INVX's maximum drawdown of -89.50%. Use the drawdown chart below to compare losses from any high point for OIS and INVX.

Drawdown Indicators

	OIS	INVX	Difference
Max Drawdown Largest peak-to-trough decline	-97.45%	-89.50%	-7.95%
Max Drawdown (1Y) Largest decline over 1 year	-46.70%	-23.96%	-22.74%
Max Drawdown (3Y) Largest decline over 3 years	-63.73%	-58.93%	-4.80%
Max Drawdown (5Y) Largest decline over 5 years	-68.72%	-68.88%	+0.16%
Max Drawdown (10Y) Largest decline over 10 years	-95.95%	-81.31%	-14.64%
Current Drawdown Current decline from peak	-87.06%	-78.46%	-8.60%
Average Drawdown Average peak-to-trough decline	-45.55%	-45.50%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.86%	9.00%	+11.86%

Volatility

OIS vs. INVX - Volatility Comparison

Oil States International, Inc. (OIS) has a higher volatility of 10.05% compared to Innovex International, Inc (INVX) at 9.31%. This indicates that OIS's price experiences larger fluctuations and is considered to be riskier than INVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OIS	INVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.05%	9.31%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	42.40%	30.02%	+12.38%
Volatility (1Y) Calculated over the trailing 1-year period	55.61%	41.48%	+14.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.76%	46.16%	+13.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.08%	46.61%	+17.47%

Dividends

OIS vs. INVX - Dividend Comparison

Neither OIS nor INVX has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both OIS and INVX in my portfolio?

OIS and INVX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OIS or INVX?

OIS has higher volatility (10.05%) compared to INVX (9.31%). In terms of maximum drawdown, OIS dropped -97.45% vs INVX's -89.50%.

Which has better risk-adjusted returns?

INVX currently has the higher Sharpe Ratio (1.60 vs 1.20), 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.