PRVA vs. HQY

Last updated Jun 23, 2026

PRVA (Privia Health Group, Inc.) and HQY (HealthEquity, Inc.) are both stocks. Both operate in the Health Information Services industry within the Healthcare sector. Over the past 5 years, PRVA returned -12.90%/yr vs 0.21%/yr for HQY. At a 0.25 correlation, their price movements are largely independent.

Performance

PRVA vs. HQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Privia Health Group, Inc. (PRVA) and HealthEquity, Inc. (HQY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRVA achieves a -0.93% return, which is significantly higher than HQY's -7.64% return.

PRVA

• 1D: -0.76%
• 1M: 3.07%
• YTD: -0.93%
• 6M: -2.21%
• 1Y: 7.51%
• 3Y*: -1.20%
• 5Y*: -12.90%
• 10Y*: —

HQY

• 1D: -0.70%
• 1M: -3.97%
• YTD: -7.64%
• 6M: -9.78%
• 1Y: -16.48%
• 3Y*: 12.21%
• 5Y*: 0.21%
• 10Y*: 11.49%

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

PRVA vs. HQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PRVA Privia Health Group, Inc.	-0.93%	21.28%	-15.11%	1.41%	-12.21%	12.48%
HQY HealthEquity, Inc.	-7.64%	-4.52%	44.72%	7.56%	39.33%	-41.97%

Correlation

The correlation between PRVA and HQY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Apr 28, 2021	0.25

The correlation between PRVA and HQY shifts across timeframes, from 0.20 (3 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PRVA : $3.07B HQY : $7.19B
EPS PRVA : $23.78 HQY : $2.66
PE Ratio PRVA : 0.99 HQY : 31.83
PEG Ratio PRVA : 0.01 HQY : 0.23
PS Ratio PRVA : 1.36 HQY : 5.49
PB Ratio PRVA : 0.00 HQY : 3.51
Total Revenue (TTM) PRVA : $2.25B HQY : $1.34B
Gross Profit (TTM) PRVA : $158.32M HQY : $972.12M
EBITDA (TTM) PRVA : $53.65M HQY : $300.86M

Return for Risk

PRVA vs. HQY — Risk / Return Rank

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

PRVA

PRVA Risk / Return Rank: 48
PRVA Sharpe Ratio Rank: 51
PRVA Sortino Ratio Rank: 46
PRVA Omega Ratio Rank: 43
PRVA Calmar Ratio Rank: 50
PRVA Martin Ratio Rank: 50

HQY

HQY Risk / Return Rank: 21
HQY Sharpe Ratio Rank: 21
HQY Sortino Ratio Rank: 21
HQY Omega Ratio Rank: 21
HQY Calmar Ratio Rank: 22
HQY Martin Ratio Rank: 21

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.

PRVA vs. HQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Privia Health Group, Inc. (PRVA) and HealthEquity, Inc. (HQY). 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.

	PRVA	HQY	Difference
Sharpe ratio: Return per unit of total volatility	0.23	-0.47	+0.70
Sortino ratio: Return per unit of downside risk	0.59	-0.45	+1.04
Omega ratio: Gain probability vs. loss probability	1.07	0.94	+0.12
Calmar ratio: Return relative to maximum drawdown	0.31	-0.54	+0.85
Martin ratio: Return relative to average drawdown	0.65	-1.01	+1.66

PRVA vs. HQY - Sharpe Ratio Comparison

The current PRVA Sharpe Ratio is 0.23, which is higher than the HQY Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of PRVA and HQY, 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

PRVA vs. HQY - Drawdown Comparison

The maximum PRVA drawdown since its inception was -67.33%, which is greater than HQY's maximum drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for PRVA and HQY.

Drawdown Indicators

	PRVA	HQY	Difference
Max Drawdown Largest peak-to-trough decline	-67.33%	-60.65%	-6.68%
Max Drawdown (1Y) Largest decline over 1 year	-24.17%	-30.57%	+6.40%
Max Drawdown (3Y) Largest decline over 3 years	-42.37%	-36.07%	-6.30%
Max Drawdown (5Y) Largest decline over 5 years	-67.33%	-52.58%	-14.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-60.65%	—
Current Drawdown Current decline from peak	-52.30%	-26.11%	-26.19%
Average Drawdown Average peak-to-trough decline	-48.76%	-23.01%	-25.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.56%	16.41%	-4.85%

Volatility

PRVA vs. HQY - Volatility Comparison

The current volatility for Privia Health Group, Inc. (PRVA) is 8.91%, while HealthEquity, Inc. (HQY) has a volatility of 9.47%. This indicates that PRVA experiences smaller price fluctuations and is considered to be less risky than HQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRVA	HQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.91%	9.47%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	23.95%	26.47%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	32.56%	35.03%	-2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.73%	39.71%	+9.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.36%	44.49%	+9.87%

Dividends

PRVA vs. HQY - Dividend Comparison

Neither PRVA nor HQY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both PRVA and HQY in my portfolio?

PRVA and HQY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRVA or HQY?

HQY has higher volatility (9.47%) compared to PRVA (8.91%). In terms of maximum drawdown, PRVA dropped -67.33% vs HQY's -60.65%.

Which has better risk-adjusted returns?

PRVA currently has the higher Sharpe Ratio (0.23 vs -0.47), 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.