VATE vs. LMB
VATE (INNOVATE Corp.) and LMB (Limbach Holdings, Inc.) are both stocks. Both operate in the Engineering & Construction industry within the Industrials sector. Over the past 10 years, VATE returned -4.48%/yr vs 23.37%/yr for LMB. At a 0.09 correlation, their price movements are largely independent.
Performance
VATE vs. LMB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VATE achieves a 265.93% return, which is significantly higher than LMB's 4.69% return. Over the past 10 years, VATE has underperformed LMB with an annualized return of -4.48%, while LMB has yielded a comparatively higher 23.37% annualized return.
VATE
- 1D
- 2.99%
- 1M
- 29.42%
- YTD
- 265.93%
- 6M
- 232.13%
- 1Y
- 185.17%
- 3Y*
- 5.22%
- 5Y*
- -17.43%
- 10Y*
- -4.48%
LMB
- 1D
- 1.67%
- 1M
- -20.32%
- YTD
- 4.69%
- 6M
- 12.88%
- 1Y
- -39.62%
- 3Y*
- 55.90%
- 5Y*
- 54.29%
- 10Y*
- 23.37%
VATE vs. LMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VATE INNOVATE Corp. | 265.93% | -8.50% | -59.84% | -34.22% | -49.46% | 13.50% | 50.23% | -17.80% | -55.63% | 63.41% |
LMB Limbach Holdings, Inc. | 4.69% | -8.99% | 88.12% | 336.79% | 15.67% | -27.01% | 226.19% | 2.72% | -73.39% | -1.91% |
Correlation
The correlation between VATE and LMB 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 | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2016 | 0.09 |
Fundamentals
VATE:
$220.73M
LMB:
$983.51M
VATE:
-$4.02
LMB:
$2.75
VATE:
0.16
LMB:
1.51
VATE:
169.79
LMB:
5.01
VATE:
$1.34B
LMB:
$652.56M
VATE:
$190.20M
LMB:
$163.77M
VATE:
$5.40M
LMB:
$58.72M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VATE vs. LMB — Risk / Return Rank
VATE
LMB
VATE vs. LMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for INNOVATE Corp. (VATE) and Limbach Holdings, Inc. (LMB). 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.
| VATE | LMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.93 | ||
| Sortino ratioReturn per unit of downside risk | +3.47 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.93 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 5.63 | -0.71 | +6.34 |
| Martin ratioReturn relative to average drawdown | 13.17 | -1.04 | +14.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VATE | LMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | -0.61 | +2.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.87 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | 0.37 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.37 | -0.27 |
Drawdowns
VATE vs. LMB - Drawdown Comparison
The maximum VATE drawdown since its inception was -95.92%, which is greater than LMB's maximum drawdown of -84.10%. Use the drawdown chart below to compare losses from any high point for VATE and LMB.
Loading charts...
Drawdown Indicators
| VATE | LMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.92% | -84.10% | -11.82% |
Max Drawdown (1Y)Largest decline over 1 year | -33.11% | -55.92% | +22.81% |
Max Drawdown (3Y)Largest decline over 3 years | -83.35% | -55.92% | -27.43% |
Max Drawdown (5Y)Largest decline over 5 years | -92.99% | -55.92% | -37.07% |
Max Drawdown (10Y)Largest decline over 10 years | -95.36% | -84.10% | -11.26% |
Current DrawdownCurrent decline from peak | -79.42% | -45.50% | -33.92% |
Average DrawdownAverage peak-to-trough decline | -46.09% | -31.60% | -14.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.17% | 38.22% | -24.05% |
Volatility
VATE vs. LMB - Volatility Comparison
The current volatility for INNOVATE Corp. (VATE) is 28.97%, while Limbach Holdings, Inc. (LMB) has a volatility of 44.90%. This indicates that VATE experiences smaller price fluctuations and is considered to be less risky than LMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VATE | LMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.97% | 44.90% | -15.93% |
Volatility (6M)Calculated over the trailing 6-month period | 60.63% | 56.24% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.28% | 65.52% | +14.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.73% | 62.59% | +31.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.04% | 63.21% | +18.83% |
Dividends
VATE vs. LMB - Dividend Comparison
Neither VATE nor LMB has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LMB Limbach Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VATE INNOVATE Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 43.53% |
Financials
VATE vs. LMB - Financials Comparison
This section allows you to compare key financial metrics between INNOVATE Corp. and Limbach Holdings, Inc.. 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
VATE vs. LMB - Profitability Comparison
VATE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, INNOVATE Corp. reported a gross profit of 53.50M and revenue of 364.80M. Therefore, the gross margin over that period was 14.7%.
LMB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Limbach Holdings, Inc. reported a gross profit of 31.17M and revenue of 138.86M. Therefore, the gross margin over that period was 22.5%.
VATE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, INNOVATE Corp. reported an operating income of -100.00K and revenue of 364.80M, resulting in an operating margin of -0.0%.
LMB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Limbach Holdings, Inc. reported an operating income of 1.13M and revenue of 138.86M, resulting in an operating margin of 0.8%.
VATE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, INNOVATE Corp. reported a net income of -17.20M and revenue of 364.80M, resulting in a net margin of -4.7%.
LMB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Limbach Holdings, Inc. reported a net income of 4.38M and revenue of 138.86M, resulting in a net margin of 3.2%.
Frequently Asked Questions
VATE and LMB 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.
LMB has higher volatility (44.90%) compared to VATE (28.97%). In terms of maximum drawdown, VATE dropped -95.92% vs LMB's -84.10%.
VATE currently has the higher Sharpe Ratio (2.33 vs -0.61), 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.
Find the right allocation for VATE and LMB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer