Correlation
The correlation between VIAV and ZBH is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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.
Performance
VIAV vs. ZBH - Performance Comparison
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Key characteristics
VIAV:
0.57
ZBH:
-0.71
VIAV:
1.08
ZBH:
-0.87
VIAV:
1.15
ZBH:
0.87
VIAV:
0.24
ZBH:
-0.44
VIAV:
2.05
ZBH:
-2.23
VIAV:
11.66%
ZBH:
9.00%
VIAV:
41.46%
ZBH:
26.47%
VIAV:
-99.81%
ZBH:
-65.03%
VIAV:
-98.63%
ZBH:
-45.09%
Fundamentals
VIAV:
$2.04B
ZBH:
$18.47B
VIAV:
$0.02
ZBH:
$4.50
VIAV:
458.00
ZBH:
20.74
VIAV:
2.41
ZBH:
1.22
VIAV:
1.96
ZBH:
2.40
VIAV:
2.81
ZBH:
1.49
VIAV:
$1.05B
ZBH:
$7.70B
VIAV:
$601.90M
ZBH:
$5.47B
VIAV:
$89.70M
ZBH:
$2.30B
Returns By Period
In the year-to-date period, VIAV achieves a -9.80% return, which is significantly higher than ZBH's -12.56% return. Over the past 10 years, VIAV has outperformed ZBH with an annualized return of 2.18%, while ZBH has yielded a comparatively lower -1.05% annualized return.
VIAV
-9.80%
-13.89%
-8.35%
23.27%
-14.29%
-4.70%
2.18%
ZBH
-12.56%
-10.56%
-17.42%
-18.75%
-7.71%
-4.81%
-1.05%
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Risk-Adjusted Performance
VIAV vs. ZBH — Risk-Adjusted Performance Rank
VIAV
ZBH
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.
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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 1.04%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIAV Viavi Solutions Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 77.01% | 0.00% |
ZBH Zimmer Biomet Holdings, Inc. | 1.04% | 0.91% | 0.79% | 0.75% | 0.76% | 0.62% | 0.64% | 0.93% | 0.80% | 0.93% | 0.86% | 0.78% |
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.
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Volatility
VIAV vs. ZBH - Volatility Comparison
Viavi Solutions Inc. (VIAV) and Zimmer Biomet Holdings, Inc. (ZBH) have volatilities of 14.27% and 14.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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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
VIAV vs. ZBH - Profitability Comparison
VIAV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Viavi Solutions Inc. reported a gross profit of 160.70M and revenue of 284.80M. Therefore, the gross margin over that period was 56.4%.
ZBH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Zimmer Biomet Holdings, Inc. reported a gross profit of 1.36B and revenue of 1.91B. Therefore, the gross margin over that period was 71.2%.
VIAV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Viavi Solutions Inc. reported an operating income of 8.50M and revenue of 284.80M, resulting in an operating margin of 3.0%.
ZBH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Zimmer Biomet Holdings, Inc. reported an operating income of 292.30M and revenue of 1.91B, resulting in an operating margin of 15.3%.
VIAV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Viavi Solutions Inc. reported a net income of 19.50M and revenue of 284.80M, resulting in a net margin of 6.9%.
ZBH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Zimmer Biomet Holdings, Inc. reported a net income of 182.00M and revenue of 1.91B, resulting in a net margin of 9.5%.