Correlation
The correlation between PRPL and NVDA is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
PRPL vs. NVDA
Compare and contrast key facts about Purple Innovation, Inc. (PRPL) and NVIDIA Corporation (NVDA).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRPL or NVDA.
Performance
PRPL vs. NVDA - Performance Comparison
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Key characteristics
PRPL:
-0.41
NVDA:
0.38
PRPL:
-0.05
NVDA:
0.84
PRPL:
0.99
NVDA:
1.11
PRPL:
-0.33
NVDA:
0.51
PRPL:
-0.90
NVDA:
1.24
PRPL:
36.23%
NVDA:
15.09%
PRPL:
88.10%
NVDA:
58.96%
PRPL:
-98.59%
NVDA:
-89.73%
PRPL:
-98.01%
NVDA:
-9.56%
Fundamentals
PRPL:
$86.21M
NVDA:
$3.39T
PRPL:
-$0.62
NVDA:
$3.01
PRPL:
2.00
NVDA:
1.64
PRPL:
0.18
NVDA:
22.86
PRPL:
64.57
NVDA:
39.31
PRPL:
$472.02M
NVDA:
$148.52B
PRPL:
$180.46M
NVDA:
$104.12B
PRPL:
-$33.77M
NVDA:
$90.97B
Returns By Period
In the year-to-date period, PRPL achieves a 2.13% return, which is significantly higher than NVDA's 0.63% return.
PRPL
2.13%
23.95%
-16.97%
-36.27%
-46.41%
-43.90%
N/A
NVDA
0.63%
21.07%
-2.24%
23.29%
93.53%
72.51%
74.01%
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Risk-Adjusted Performance
PRPL vs. NVDA — Risk-Adjusted Performance Rank
PRPL
NVDA
PRPL vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Purple Innovation, Inc. (PRPL) and NVIDIA Corporation (NVDA). 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.
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Dividends
PRPL vs. NVDA - Dividend Comparison
PRPL has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.02%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRPL Purple Innovation, Inc. | 0.00% | 0.00% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.02% | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% |
Drawdowns
PRPL vs. NVDA - Drawdown Comparison
The maximum PRPL drawdown since its inception was -98.59%, which is greater than NVDA's maximum drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for PRPL and NVDA.
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Volatility
PRPL vs. NVDA - Volatility Comparison
Purple Innovation, Inc. (PRPL) has a higher volatility of 29.22% compared to NVIDIA Corporation (NVDA) at 10.81%. This indicates that PRPL's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
PRPL vs. NVDA - Financials Comparison
This section allows you to compare key financial metrics between Purple Innovation, Inc. and NVIDIA 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
PRPL vs. NVDA - Profitability Comparison
PRPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, Purple Innovation, Inc. reported a gross profit of 41.05M and revenue of 104.17M. Therefore, the gross margin over that period was 39.4%.
NVDA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2025, NVIDIA Corporation reported a gross profit of 26.67B and revenue of 44.06B. Therefore, the gross margin over that period was 60.5%.
PRPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, Purple Innovation, Inc. reported an operating income of -14.48M and revenue of 104.17M, resulting in an operating margin of -13.9%.
NVDA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2025, NVIDIA Corporation reported an operating income of 21.64B and revenue of 44.06B, resulting in an operating margin of 49.1%.
PRPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, Purple Innovation, Inc. reported a net income of -19.14M and revenue of 104.17M, resulting in a net margin of -18.4%.
NVDA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2025, NVIDIA Corporation reported a net income of 18.78B and revenue of 44.06B, resulting in a net margin of 42.6%.