VIAV vs. ZBH
Compare and contrast key facts about Viavi Solutions Inc. (VIAV) and Zimmer Biomet Holdings, Inc. (ZBH).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIAV or ZBH.
Correlation
The correlation between VIAV and ZBH is 0.31, 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.
Performance
VIAV vs. ZBH - Performance Comparison
Key characteristics
VIAV:
0.14
ZBH:
-0.48
VIAV:
0.49
ZBH:
-0.53
VIAV:
1.06
ZBH:
0.93
VIAV:
0.05
ZBH:
-0.26
VIAV:
0.24
ZBH:
-0.73
VIAV:
21.60%
ZBH:
13.99%
VIAV:
38.56%
ZBH:
21.30%
VIAV:
-99.81%
ZBH:
-65.03%
VIAV:
-98.48%
ZBH:
-37.22%
Fundamentals
VIAV:
$2.33B
ZBH:
$21.51B
VIAV:
-$0.17
ZBH:
$5.24
VIAV:
2.41
ZBH:
1.42
VIAV:
$990.70M
ZBH:
$7.60B
VIAV:
$564.80M
ZBH:
$5.03B
VIAV:
$77.70M
ZBH:
$2.51B
Returns By Period
In the year-to-date period, VIAV achieves a 0.79% return, which is significantly higher than ZBH's -12.46% return. Over the past 10 years, VIAV has outperformed ZBH with an annualized return of 2.52%, while ZBH has yielded a comparatively lower 0.28% annualized return.
VIAV
0.79%
3.57%
34.79%
3.57%
-7.84%
2.52%
ZBH
-12.46%
-6.34%
-0.34%
-11.02%
-5.50%
0.28%
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Risk-Adjusted Performance
VIAV vs. ZBH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Viavi Solutions Inc. (VIAV) and Zimmer Biomet Holdings, Inc. (ZBH). 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.
Dividends
VIAV vs. ZBH - Dividend Comparison
VIAV has not paid dividends to shareholders, while ZBH's dividend yield for the trailing twelve months is around 0.91%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Viavi Solutions Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 77.01% | 0.00% | 0.00% |
Zimmer Biomet Holdings, Inc. | 0.91% | 0.79% | 0.75% | 0.76% | 0.62% | 0.64% | 0.93% | 0.80% | 0.93% | 0.86% | 0.78% | 0.86% |
Drawdowns
VIAV vs. ZBH - Drawdown Comparison
The maximum VIAV drawdown since its inception was -99.81%, which is greater than ZBH's maximum drawdown of -65.03%. Use the drawdown chart below to compare losses from any high point for VIAV and ZBH. For additional features, visit the drawdowns tool.
Volatility
VIAV vs. ZBH - Volatility Comparison
Viavi Solutions Inc. (VIAV) has a higher volatility of 11.63% compared to Zimmer Biomet Holdings, Inc. (ZBH) at 5.05%. This indicates that VIAV's price experiences larger fluctuations and is considered to be riskier than ZBH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
VIAV vs. ZBH - Financials Comparison
This section allows you to compare key financial metrics between Viavi Solutions Inc. and Zimmer Biomet 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