WEAV vs. HQY
WEAV (Weave Communications, Inc.) and HQY (HealthEquity, Inc.) are both stocks. WEAV operates in Software - Application (Technology), while HQY operates in Health Information Services (Healthcare). Over the past 3 years, WEAV returned -17.32%/yr vs 12.21%/yr for HQY. At a 0.24 correlation, their price movements are largely independent.
Performance
WEAV vs. HQY - Performance Comparison
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Returns By Period
In the year-to-date period, WEAV achieves a -32.02% return, which is significantly lower than HQY's -7.64% return.
WEAV
- 1D
- -0.77%
- 1M
- -9.63%
- YTD
- -32.02%
- 6M
- -25.97%
- 1Y
- -36.53%
- 3Y*
- -17.32%
- 5Y*
- —
- 10Y*
- —
HQY
- 1D
- -0.70%
- 1M
- -3.97%
- YTD
- -7.64%
- 6M
- -9.78%
- 1Y
- -16.48%
- 3Y*
- 12.21%
- 5Y*
- 0.21%
- 10Y*
- 11.49%
WEAV vs. HQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WEAV Weave Communications, Inc. | -32.02% | -52.32% | 38.80% | 150.44% | -69.83% | -30.37% |
HQY HealthEquity, Inc. | -7.64% | -4.52% | 44.72% | 7.56% | 39.33% | -36.36% |
Correlation
The correlation between WEAV and HQY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | 0.24 |
Fundamentals
WEAV:
$405.46M
HQY:
$7.19B
WEAV:
-$0.33
HQY:
$2.66
WEAV:
1.59
HQY:
5.49
WEAV:
4.87
HQY:
3.51
WEAV:
$248.72M
HQY:
$1.34B
WEAV:
$179.90M
HQY:
$972.12M
WEAV:
-$12.23M
HQY:
$300.86M
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Return for Risk
WEAV vs. HQY — Risk / Return Rank
WEAV
HQY
WEAV vs. HQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Weave Communications, Inc. (WEAV) and HealthEquity, Inc. (HQY). 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.
| WEAV | HQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.94 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.54 | -0.19 |
| Martin ratioReturn relative to average drawdown | -1.26 | -1.01 | -0.26 |
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Drawdowns
WEAV vs. HQY - Drawdown Comparison
The maximum WEAV drawdown since its inception was -86.06%, which is greater than HQY's maximum drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for WEAV and HQY.
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Drawdown Indicators
| WEAV | HQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.06% | -60.65% | -25.41% |
Max Drawdown (1Y)Largest decline over 1 year | -50.28% | -30.57% | -19.71% |
Max Drawdown (3Y)Largest decline over 3 years | -74.94% | -36.07% | -38.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -52.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.65% | — |
Current DrawdownCurrent decline from peak | -76.33% | -26.11% | -50.22% |
Average DrawdownAverage peak-to-trough decline | -60.46% | -23.01% | -37.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.94% | 16.41% | +12.53% |
Volatility
WEAV vs. HQY - Volatility Comparison
Weave Communications, Inc. (WEAV) has a higher volatility of 15.30% compared to HealthEquity, Inc. (HQY) at 9.47%. This indicates that WEAV's price experiences larger fluctuations and is considered to be riskier than HQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEAV | HQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.30% | 9.47% | +5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 42.88% | 26.47% | +16.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.60% | 35.03% | +20.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.61% | 39.71% | +24.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.61% | 44.49% | +20.12% |
Dividends
WEAV vs. HQY - Dividend Comparison
Neither WEAV nor HQY has paid dividends to shareholders.
Financials
WEAV vs. HQY - Financials Comparison
This section allows you to compare key financial metrics between Weave Communications, Inc. and HealthEquity, 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
WEAV vs. HQY - Profitability Comparison
WEAV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Weave Communications, Inc. reported a gross profit of 47.54M and revenue of 65.50M. Therefore, the gross margin over that period was 72.6%.
HQY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HealthEquity, Inc. reported a gross profit of 256.31M and revenue of 354.64M. Therefore, the gross margin over that period was 72.3%.
WEAV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Weave Communications, Inc. reported an operating income of -6.02M and revenue of 65.50M, resulting in an operating margin of -9.2%.
HQY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HealthEquity, Inc. reported an operating income of 102.95M and revenue of 354.64M, resulting in an operating margin of 29.0%.
WEAV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Weave Communications, Inc. reported a net income of -5.77M and revenue of 65.50M, resulting in a net margin of -8.8%.
HQY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HealthEquity, Inc. reported a net income of 69.42M and revenue of 354.64M, resulting in a net margin of 19.6%.
Frequently Asked Questions
WEAV and HQY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEAV has higher volatility (15.30%) compared to HQY (9.47%). In terms of maximum drawdown, WEAV dropped -86.06% vs HQY's -60.65%.
HQY currently has the higher Sharpe Ratio (-0.47 vs -0.66), 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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