PBFS vs. INVA

Last updated Jun 4, 2026

PBFS (Pioneer Bancorp, Inc.) and INVA (Innoviva, Inc.) are both stocks. PBFS operates in Banks - Regional (Financial Services), while INVA operates in Biotechnology (Healthcare). Over the past 5 years, PBFS returned 5.77%/yr vs 10.82%/yr for INVA. At a 0.16 correlation, their price movements are largely independent.

Performance

PBFS vs. INVA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Bancorp, Inc. (PBFS) and Innoviva, Inc. (INVA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBFS achieves a 17.36% return, which is significantly higher than INVA's 8.55% return.

PBFS

• 1D: -5.78%
• 1M: 11.25%
• YTD: 17.36%
• 6M: 17.36%
• 1Y: 37.80%
• 3Y*: 19.93%
• 5Y*: 5.77%
• 10Y*: —

INVA

• 1D: 1.64%
• 1M: -5.61%
• YTD: 8.55%
• 6M: 4.03%
• 1Y: 5.34%
• 3Y*: 18.11%
• 5Y*: 10.82%
• 10Y*: 6.80%

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

PBFS vs. INVA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PBFS Pioneer Bancorp, Inc.	17.36%	17.01%	15.08%	-12.19%	0.71%	7.10%	-30.96%	3.80%
INVA Innoviva, Inc.	8.55%	15.22%	8.17%	21.06%	-23.19%	39.23%	-12.50%	4.81%

Correlation

The correlation between PBFS and INVA is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jul 19, 2019	0.16

Fundamentals

Market Cap PBFS : $385.11M INVA : $1.84B
EPS PBFS : $0.81 INVA : $5.94
PE Ratio PBFS : 19.53 INVA : 3.65
PEG Ratio PBFS : 0.08 INVA : 0.02
PS Ratio PBFS : 2.99 INVA : 4.34
PB Ratio PBFS : 1.17 INVA : 1.28
Total Revenue (TTM) PBFS : $129.33M INVA : $424.12M
Gross Profit (TTM) PBFS : $94.41M INVA : $323.16M
EBITDA (TTM) PBFS : $25.37M INVA : $438.91M

Return for Risk

PBFS vs. INVA — Risk / Return Rank

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

PBFS

PBFS Risk / Return Rank: 82
PBFS Sharpe Ratio Rank: 82
PBFS Sortino Ratio Rank: 80
PBFS Omega Ratio Rank: 78
PBFS Calmar Ratio Rank: 86
PBFS Martin Ratio Rank: 85

INVA

INVA Risk / Return Rank: 45
INVA Sharpe Ratio Rank: 47
INVA Sortino Ratio Rank: 43
INVA Omega Ratio Rank: 41
INVA Calmar Ratio Rank: 46
INVA Martin Ratio Rank: 47

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.

PBFS vs. INVA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Bancorp, Inc. (PBFS) and Innoviva, Inc. (INVA). 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.

	PBFS	INVA	Difference
Sharpe ratio: Return per unit of total volatility	1.55	0.19	+1.37
Sortino ratio: Return per unit of downside risk	2.32	0.55	+1.77
Omega ratio: Gain probability vs. loss probability	1.29	1.06	+0.22
Calmar ratio: Return relative to maximum drawdown	3.65	0.23	+3.42
Martin ratio: Return relative to average drawdown	8.90	0.53	+8.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBFS vs. INVA - Sharpe Ratio Comparison

The current PBFS Sharpe Ratio is 1.55, which is higher than the INVA Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of PBFS and INVA, 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

	PBFS	INVA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	0.19	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.40	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.05	-0.02

Drawdowns

PBFS vs. INVA - Drawdown Comparison

The maximum PBFS drawdown since its inception was -48.33%, smaller than the maximum INVA drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for PBFS and INVA.

Drawdown Indicators

	PBFS	INVA	Difference
Max Drawdown Largest peak-to-trough decline	-48.33%	-84.32%	+35.99%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	-23.53%	+13.13%
Max Drawdown (3Y) Largest decline over 3 years	-20.74%	-23.53%	+2.79%
Max Drawdown (5Y) Largest decline over 5 years	-39.89%	-47.01%	+7.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-59.57%	—
Current Drawdown Current decline from peak	-5.78%	-32.14%	+26.36%
Average Drawdown Average peak-to-trough decline	-26.66%	-44.66%	+18.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	10.17%	-5.91%

Volatility

PBFS vs. INVA - Volatility Comparison

Pioneer Bancorp, Inc. (PBFS) has a higher volatility of 12.09% compared to Innoviva, Inc. (INVA) at 7.27%. This indicates that PBFS's price experiences larger fluctuations and is considered to be riskier than INVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBFS	INVA	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.09%	7.27%	+4.82%
Volatility (6M) Calculated over the trailing 6-month period	19.96%	16.73%	+3.23%
Volatility (1Y) Calculated over the trailing 1-year period	24.51%	28.84%	-4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.51%	27.29%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.34%	33.88%	+0.46%

Dividends

PBFS vs. INVA - Dividend Comparison

Neither PBFS nor INVA has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INVA Innoviva, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.12%
PBFS Pioneer Bancorp, 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%

Financials

Frequently Asked Questions

Can I hold both PBFS and INVA in my portfolio?

PBFS and INVA have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PBFS or INVA?

PBFS has higher volatility (12.09%) compared to INVA (7.27%). In terms of maximum drawdown, PBFS dropped -48.33% vs INVA's -84.32%.

Which has better risk-adjusted returns?

PBFS currently has the higher Sharpe Ratio (1.55 vs 0.19), 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.