PGY vs. ELVA
PGY (Pagaya Technologies Ltd.) and ELVA (Electrovaya Inc. Common Shares) are both stocks. PGY operates in Software - Infrastructure (Technology), while ELVA operates in Electrical Equipment & Parts (Industrials). Over the past 3 years, PGY returned 1.47%/yr vs 37.56%/yr for ELVA. At a 0.15 correlation, their price movements are largely independent.
Performance
PGY vs. ELVA - Performance Comparison
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Returns By Period
In the year-to-date period, PGY achieves a -26.22% return, which is significantly lower than ELVA's 20.25% return.
PGY
- 1D
- -2.10%
- 1M
- 13.88%
- YTD
- -26.22%
- 6M
- -32.07%
- 1Y
- -14.05%
- 3Y*
- 1.47%
- 5Y*
- —
- 10Y*
- —
ELVA
- 1D
- -3.16%
- 1M
- -0.52%
- YTD
- 20.25%
- 6M
- 43.50%
- 1Y
- 181.07%
- 3Y*
- 37.56%
- 5Y*
- 9.63%
- 10Y*
- 2.89%
PGY vs. ELVA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PGY Pagaya Technologies Ltd. | -26.22% | 124.97% | -43.90% | 11.29% | -82.29% |
ELVA Electrovaya Inc. Common Shares | 20.25% | 218.55% | -18.95% | -17.30% | 67.99% |
Correlation
The correlation between PGY and ELVA is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022 | 0.15 |
Fundamentals
PGY:
$1.49B
ELVA:
$490.77M
PGY:
$1.06
ELVA:
$0.11
PGY:
14.50
ELVA:
87.86
PGY:
1.10
ELVA:
6.21
PGY:
2.82
ELVA:
7.79
PGY:
$1.30B
ELVA:
$70.74M
PGY:
$396.55M
ELVA:
$22.01M
PGY:
$180.28M
ELVA:
$6.86M
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Return for Risk
PGY vs. ELVA — Risk / Return Rank
PGY
ELVA
PGY vs. ELVA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pagaya Technologies Ltd. (PGY) and Electrovaya Inc. Common Shares (ELVA). 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.
| PGY | ELVA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.32 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 3.80 | -4.02 |
| Martin ratioReturn relative to average drawdown | -0.33 | 9.01 | -9.35 |
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Drawdowns
PGY vs. ELVA - Drawdown Comparison
The maximum PGY drawdown since its inception was -98.09%, roughly equal to the maximum ELVA drawdown of -96.90%. Use the drawdown chart below to compare losses from any high point for PGY and ELVA.
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Drawdown Indicators
| PGY | ELVA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.09% | -96.90% | -1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -75.71% | -44.42% | -31.29% |
Max Drawdown (3Y)Largest decline over 3 years | -75.71% | -64.19% | -11.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.78% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -96.90% | — |
Current DrawdownCurrent decline from peak | -95.71% | -41.01% | -54.70% |
Average DrawdownAverage peak-to-trough decline | -92.10% | -73.62% | -18.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.48% | 18.71% | +30.77% |
Volatility
PGY vs. ELVA - Volatility Comparison
The current volatility for Pagaya Technologies Ltd. (PGY) is 23.48%, while Electrovaya Inc. Common Shares (ELVA) has a volatility of 27.27%. This indicates that PGY experiences smaller price fluctuations and is considered to be less risky than ELVA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGY | ELVA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.48% | 27.27% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 56.92% | 63.77% | -6.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.20% | 84.18% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 144.65% | 69.12% | +75.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 144.65% | 86.10% | +58.55% |
Dividends
PGY vs. ELVA - Dividend Comparison
Neither PGY nor ELVA has paid dividends to shareholders.
Financials
PGY vs. ELVA - Financials Comparison
This section allows you to compare key financial metrics between Pagaya Technologies Ltd. and Electrovaya Inc. Common Shares. 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
PGY vs. ELVA - Profitability Comparison
PGY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pagaya Technologies Ltd. reported a gross profit of 0.00 and revenue of 317.94M. Therefore, the gross margin over that period was 0.0%.
ELVA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Electrovaya Inc. Common Shares reported a gross profit of 5.51M and revenue of 17.80M. Therefore, the gross margin over that period was 31.0%.
PGY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pagaya Technologies Ltd. reported an operating income of 80.01M and revenue of 317.94M, resulting in an operating margin of 25.2%.
ELVA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Electrovaya Inc. Common Shares reported an operating income of 1.52M and revenue of 17.80M, resulting in an operating margin of 8.5%.
PGY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pagaya Technologies Ltd. reported a net income of 24.69M and revenue of 317.94M, resulting in a net margin of 7.8%.
ELVA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Electrovaya Inc. Common Shares reported a net income of 1.00M and revenue of 17.80M, resulting in a net margin of 5.6%.
Frequently Asked Questions
PGY and ELVA have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELVA has higher volatility (27.27%) compared to PGY (23.48%). In terms of maximum drawdown, PGY dropped -98.09% vs ELVA's -96.90%.
ELVA currently has the higher Sharpe Ratio (2.00 vs -0.21), 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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