OLN vs. NGVT
OLN (Olin Corporation) and NGVT (Ingevity Corporation) are both stocks. Both operate in the Specialty Chemicals industry within the Basic Materials sector. Over the past 10 years, OLN returned 2.22%/yr vs 7.84%/yr for NGVT. At a 0.50 correlation, their price movements are largely independent.
Performance
OLN vs. NGVT - Performance Comparison
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Returns By Period
In the year-to-date period, OLN achieves a 4.97% return, which is significantly lower than NGVT's 22.91% return. Over the past 10 years, OLN has underperformed NGVT with an annualized return of 2.22%, while NGVT has yielded a comparatively higher 7.84% annualized return.
OLN
- 1D
- -2.14%
- 1M
- -17.25%
- YTD
- 4.97%
- 6M
- 5.63%
- 1Y
- 15.26%
- 3Y*
- -21.63%
- 5Y*
- -12.51%
- 10Y*
- 2.22%
NGVT
- 1D
- -0.91%
- 1M
- 9.10%
- YTD
- 22.91%
- 6M
- 21.70%
- 1Y
- 76.08%
- 3Y*
- 11.90%
- 5Y*
- -2.25%
- 10Y*
- 7.84%
OLN vs. NGVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OLN Olin Corporation | 4.97% | -36.15% | -36.29% | 3.46% | -6.63% | 138.55% | 50.81% | -10.77% | -41.88% | 42.51% |
NGVT Ingevity Corporation | 22.91% | 45.23% | -13.70% | -32.96% | -1.76% | -5.32% | -13.33% | 4.41% | 18.76% | 28.45% |
Correlation
The correlation between OLN and NGVT is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 2, 2016 | 0.50 |
The correlation between OLN and NGVT has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
Fundamentals
OLN:
$2.45B
NGVT:
$2.62B
OLN:
-$1.11
NGVT:
-$3.52
OLN:
0.37
NGVT:
2.18
OLN:
1.41
NGVT:
67.32
OLN:
$6.72B
NGVT:
$1.21B
OLN:
$352.80M
NGVT:
$476.00M
OLN:
$374.70M
NGVT:
-$28.30M
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Return for Risk
OLN vs. NGVT — Risk / Return Rank
OLN
NGVT
OLN vs. NGVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Olin Corporation (OLN) and Ingevity Corporation (NGVT). 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.
| OLN | NGVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.33 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 3.19 | -2.71 |
| Martin ratioReturn relative to average drawdown | 1.10 | 8.62 | -7.52 |
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Drawdowns
OLN vs. NGVT - Drawdown Comparison
The maximum OLN drawdown since its inception was -73.80%, roughly equal to the maximum NGVT drawdown of -76.22%. Use the drawdown chart below to compare losses from any high point for OLN and NGVT.
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Drawdown Indicators
| OLN | NGVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -76.22% | +2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -31.45% | -23.94% | -7.51% |
Max Drawdown (3Y)Largest decline over 3 years | -69.26% | -53.54% | -15.72% |
Max Drawdown (5Y)Largest decline over 5 years | -71.87% | -67.07% | -4.80% |
Max Drawdown (10Y)Largest decline over 10 years | -73.80% | -76.22% | +2.42% |
Current DrawdownCurrent decline from peak | -64.80% | -37.87% | -26.93% |
Average DrawdownAverage peak-to-trough decline | -24.99% | -34.63% | +9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.92% | 8.85% | +5.07% |
Volatility
OLN vs. NGVT - Volatility Comparison
Olin Corporation (OLN) has a higher volatility of 10.87% compared to Ingevity Corporation (NGVT) at 7.81%. This indicates that OLN's price experiences larger fluctuations and is considered to be riskier than NGVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OLN | NGVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.87% | 7.81% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 39.27% | 23.13% | +16.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.06% | 42.45% | +13.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.95% | 43.39% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.21% | 43.73% | +3.48% |
Dividends
OLN vs. NGVT - Dividend Comparison
OLN's dividend yield for the trailing twelve months is around 3.71%, while NGVT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NGVT Ingevity Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OLN Olin Corporation | 3.71% | 3.84% | 2.37% | 1.48% | 1.51% | 1.39% | 3.26% | 4.64% | 3.98% | 2.25% | 3.12% | 4.63% |
Financials
OLN vs. NGVT - Financials Comparison
This section allows you to compare key financial metrics between Olin Corporation and Ingevity Corporation. 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
OLN vs. NGVT - Profitability Comparison
OLN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Olin Corporation reported a gross profit of 0.00 and revenue of 1.58B. Therefore, the gross margin over that period was 0.0%.
NGVT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ingevity Corporation reported a gross profit of 116.40M and revenue of 258.00M. Therefore, the gross margin over that period was 45.1%.
OLN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Olin Corporation reported an operating income of -78.30M and revenue of 1.58B, resulting in an operating margin of -5.0%.
NGVT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ingevity Corporation reported an operating income of 23.40M and revenue of 258.00M, resulting in an operating margin of 9.1%.
OLN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Olin Corporation reported a net income of -83.00M and revenue of 1.58B, resulting in a net margin of -5.2%.
NGVT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ingevity Corporation reported a net income of 59.80M and revenue of 258.00M, resulting in a net margin of 23.2%.
Frequently Asked Questions
OLN and NGVT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OLN has higher volatility (10.87%) compared to NGVT (7.81%). In terms of maximum drawdown, OLN dropped -73.80% vs NGVT's -76.22%.
NGVT currently has the higher Sharpe Ratio (1.81 vs 0.27), 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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