VIV vs. INVX
VIV (Telefônica Brasil S.A.) and INVX (Innovex International, Inc) are both stocks. VIV operates in Telecom Services (Communication Services), while INVX operates in Oil & Gas Equipment & Services (Energy). Over the past 10 years, VIV returned 5.91%/yr vs -6.21%/yr for INVX. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
VIV vs. INVX - Performance Comparison
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Returns By Period
In the year-to-date period, VIV achieves a 13.85% return, which is significantly lower than INVX's 28.40% return. Over the past 10 years, VIV has outperformed INVX with an annualized return of 5.91%, while INVX has yielded a comparatively lower -6.21% annualized return.
VIV
- 1D
- 0.31%
- 1M
- -0.11%
- 6M
- -4.77%
- YTD
- 13.85%
- 1Y
- 22.34%
- 3Y*
- 20.03%
- 5Y*
- 17.08%
- 10Y*
- 5.91%
- ALL TIME*
- 5.09%
INVX
- 1D
- 5.72%
- 1M
- 15.65%
- 6M
- 13.00%
- YTD
- 28.40%
- 1Y
- 71.01%
- 3Y*
- 1.17%
- 5Y*
- -0.35%
- 10Y*
- -6.21%
- ALL TIME*
- 1.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.73M | $8.69M | $11.48M | |
| $21.11M | $17.67M | $16.38M |
VIV vs. INVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIV Telefônica Brasil S.A. | 13.85% | 67.26% | -27.07% | 64.86% | -13.84% | 4.65% | -32.07% | 27.54% | -11.53% | 23.72% |
INVX Innovex International, Inc | 28.40% | 56.55% | -39.97% | -14.35% | 38.06% | -33.56% | -36.86% | 56.21% | -37.04% | -20.57% |
Correlation
The correlation between VIV and INVX is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 1998 | 0.22 |
The correlation between VIV and INVX shifts across timeframes, from 0.09 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
Fundamentals
VIV:
$20.64B
INVX:
$1.96B
VIV:
R$4.13
INVX:
$0.75
VIV:
15.84
INVX:
37.51
VIV:
4.75
INVX:
0.11
VIV:
1.70
INVX:
1.99
VIV:
1.60
INVX:
1.88
VIV:
R$61.72B
INVX:
$976.87M
VIV:
R$32.12B
INVX:
$280.46M
VIV:
R$25.34B
INVX:
$157.28M
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Return for Risk
VIV vs. INVX — Risk / Return Rank
VIV
INVX
VIV vs. INVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telefônica Brasil S.A. (VIV) and Innovex International, Inc (INVX). 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.
| VIV | INVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.29 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.98 | -2.04 |
| Martin ratioReturn relative to average drawdown | 2.21 | 7.70 | -5.50 |
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Drawdowns
VIV vs. INVX - Drawdown Comparison
The maximum VIV drawdown since its inception was -77.73%, smaller than the maximum INVX drawdown of -89.50%. Use the drawdown chart below to compare losses from any high point for VIV and INVX.
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Drawdown Indicators
| VIV | INVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.73% | -89.50% | +11.77% |
Max Drawdown (1Y)Largest decline over 1 year | -24.02% | -23.96% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -30.17% | -58.93% | +28.76% |
Max Drawdown (5Y)Largest decline over 5 years | -40.76% | -68.88% | +28.12% |
Max Drawdown (10Y)Largest decline over 10 years | -47.57% | -81.31% | +33.74% |
Current DrawdownCurrent decline from peak | -21.53% | -76.48% | +54.95% |
Average DrawdownAverage peak-to-trough decline | -31.95% | -45.55% | +13.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.15% | 9.25% | +0.90% |
Volatility
VIV vs. INVX - Volatility Comparison
Telefônica Brasil S.A. (VIV) and Innovex International, Inc (INVX) have volatilities of 10.80% and 10.31%, 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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Volatility by Period
| VIV | INVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.80% | 10.31% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 23.11% | 30.58% | -7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.02% | 41.54% | -11.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.69% | 46.17% | -17.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.16% | 46.67% | -15.51% |
Dividends
VIV vs. INVX - Dividend Comparison
VIV's dividend yield for the trailing twelve months is around 6.43%, while INVX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INVX Innovex International, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VIV Telefônica Brasil S.A. | 6.43% | 5.25% | 6.60% | 5.55% | 5.86% | 6.44% | 10.22% | 5.25% | 9.20% | 10.87% | 4.09% | 10.07% |
Financials
VIV vs. INVX - Financials Comparison
This section allows you to compare key financial metrics between Telefônica Brasil S.A. and Innovex International, 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
VIV vs. INVX - Profitability Comparison
VIV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Telefônica Brasil S.A. reported a gross profit of 12.81B and revenue of 15.76B. Therefore, the gross margin over that period was 81.3%.
INVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Innovex International, Inc reported a gross profit of 84.51M and revenue of 239.03M. Therefore, the gross margin over that period was 35.4%.
VIV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Telefônica Brasil S.A. reported an operating income of 2.60B and revenue of 15.76B, resulting in an operating margin of 16.5%.
INVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Innovex International, Inc reported an operating income of -21.83M and revenue of 239.03M, resulting in an operating margin of -9.1%.
VIV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Telefônica Brasil S.A. reported a net income of 1.57B and revenue of 15.76B, resulting in a net margin of 10.0%.
INVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Innovex International, Inc reported a net income of -16.67M and revenue of 239.03M, resulting in a net margin of -7.0%.
Frequently Asked Questions
VIV and INVX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIV has higher volatility (10.80%) compared to INVX (10.31%). In terms of maximum drawdown, VIV dropped -77.73% vs INVX's -89.50%.
INVX currently has the higher Sharpe Ratio (1.73 vs 0.75), 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.
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