VMW vs. RIVN

Last updated Jun 13, 2026

VMW (VMware, Inc.) and RIVN (Rivian Automotive, Inc.) are both stocks. VMW operates in Software - Infrastructure (Technology), while RIVN operates in Auto Manufacturers (Consumer Cyclical). At a 0.17 correlation, their price movements are largely independent.

Performance

VMW vs. RIVN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VMware, Inc. (VMW) and Rivian Automotive, Inc. (RIVN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VMW

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RIVN

• 1D: 7.85%
• 1M: 21.54%
• YTD: -14.97%
• 6M: -9.01%
• 1Y: 24.89%
• 3Y*: 3.20%
• 5Y*: —
• 10Y*: —

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

VMW vs. RIVN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VMW VMware, Inc.	0.00%	0.00%	0.00%	16.06%	5.94%	-10.14%
RIVN Rivian Automotive, Inc.	-14.97%	48.20%	-43.31%	27.29%	-82.23%	-2.87%

Correlation

The correlation between VMW and RIVN is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021	0.17

The correlation between VMW and RIVN shifts across timeframes, from 0.02 (3 years) to 0.17 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) VMW : $13.61B RIVN : $5.53B
Gross Profit (TTM) VMW : $11.05B RIVN : $57.00M
EBITDA (TTM) VMW : $2.61B RIVN : -$3.18B

Return for Risk

VMW vs. RIVN — Risk / Return Rank

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

VMW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

RIVN

RIVN Risk / Return Rank: 55
RIVN Sharpe Ratio Rank: 54
RIVN Sortino Ratio Rank: 58
RIVN Omega Ratio Rank: 54
RIVN Calmar Ratio Rank: 54
RIVN Martin Ratio Rank: 54

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.

VMW vs. RIVN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VMware, Inc. (VMW) and Rivian Automotive, Inc. (RIVN). 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.

	VMW	RIVN	Difference
Sharpe ratio: Return per unit of total volatility	—	0.31	—
Sortino ratio: Return per unit of downside risk	—	1.05	—
Omega ratio: Gain probability vs. loss probability	—	1.12	—
Calmar ratio: Return relative to maximum drawdown	—	0.48	—
Martin ratio: Return relative to average drawdown	—	0.95	—

Drawdowns

Drawdown Indicators

	VMW	RIVN	Difference
Max Drawdown Largest peak-to-trough decline	—	-95.12%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-42.54%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-69.61%	—
Current Drawdown Current decline from peak	—	-90.26%	—
Average Drawdown Average peak-to-trough decline	—	-86.33%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.62%	—

Volatility

Volatility by Period

	VMW	RIVN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	49.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	65.46%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	77.55%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	77.55%	—

Dividends

VMW vs. RIVN - Dividend Comparison

Neither VMW nor RIVN has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
RIVN Rivian Automotive, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VMW VMware, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	23.65%	0.00%	0.00%	19.55%

Financials

Frequently Asked Questions

Can I hold both VMW and RIVN in my portfolio?

VMW and RIVN have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.