WIT vs. CVLT

Last updated Jun 3, 2026

WIT (Wipro Limited) and CVLT (Commvault Systems, Inc.) are both stocks. Both are in the Technology sector — WIT in Information Technology Services, CVLT in Software - Application. Over the past 10 years, WIT returned 0.66%/yr vs 10.14%/yr for CVLT. At a 0.34 correlation, their price movements are largely independent.

Performance

WIT vs. CVLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wipro Limited (WIT) and Commvault Systems, Inc. (CVLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WIT achieves a -20.17% return, which is significantly lower than CVLT's -2.58% return. Over the past 10 years, WIT has underperformed CVLT with an annualized return of 0.66%, while CVLT has yielded a comparatively higher 10.14% annualized return.

WIT

• 1D: -8.30%
• 1M: 8.87%
• YTD: -20.17%
• 6M: -16.95%
• 1Y: -19.44%
• 3Y*: -1.55%
• 5Y*: -9.80%
• 10Y*: 0.66%

CVLT

• 1D: -0.22%
• 1M: 22.65%
• YTD: -2.58%
• 6M: -1.11%
• 1Y: -34.69%
• 3Y*: 19.57%
• 5Y*: 9.96%
• 10Y*: 10.14%

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

WIT vs. CVLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WIT Wipro Limited	-20.17%	-16.61%	27.38%	19.82%	-51.78%	73.10%	51.23%	-2.31%	-5.94%	13.38%
CVLT Commvault Systems, Inc.	-2.58%	-16.93%	88.99%	27.07%	-8.82%	24.47%	24.04%	-24.45%	12.55%	2.14%

Correlation

The correlation between WIT and CVLT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Sep 25, 2006	0.34

Over the past year, the correlation between WIT and CVLT has dropped to 0.14 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

Fundamentals

Market Cap WIT : $23.22B CVLT : $5.28B
EPS WIT : $12.70 CVLT : $1.58
PE Ratio WIT : 0.17 CVLT : 77.06
PEG Ratio WIT : 0.04 CVLT : 0.25
PS Ratio WIT : 0.02 CVLT : 4.60
PB Ratio WIT : 0.03 CVLT : 705.00
Total Revenue (TTM) WIT : $935.38B CVLT : $1.18B
Gross Profit (TTM) WIT : $272.72B CVLT : $960.57M
EBITDA (TTM) WIT : $201.91B CVLT : $98.68M

Return for Risk

WIT vs. CVLT — Risk / Return Rank

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

WIT

WIT Risk / Return Rank: 18
WIT Sharpe Ratio Rank: 18
WIT Sortino Ratio Rank: 17
WIT Omega Ratio Rank: 18
WIT Calmar Ratio Rank: 22
WIT Martin Ratio Rank: 16

CVLT

CVLT Risk / Return Rank: 18
CVLT Sharpe Ratio Rank: 14
CVLT Sortino Ratio Rank: 18
CVLT Omega Ratio Rank: 15
CVLT Calmar Ratio Rank: 21
CVLT Martin Ratio Rank: 22

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.

WIT vs. CVLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wipro Limited (WIT) and Commvault Systems, Inc. (CVLT). 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.

	WIT	CVLT	Difference
Sharpe ratio Return per unit of total volatility	-0.52	-0.62	+0.10
Sortino ratio Return per unit of downside risk	-0.61	-0.57	-0.03
Omega ratio Gain probability vs. loss probability	0.93	0.91	+0.02
Calmar ratio Return relative to maximum drawdown	-0.51	-0.54	+0.04
Martin ratio Return relative to average drawdown	-1.11	-0.91	-0.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WIT vs. CVLT - Sharpe Ratio Comparison

The current WIT Sharpe Ratio is -0.52, which is comparable to the CVLT Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of WIT and CVLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WIT	CVLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.52	-0.62	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	0.24	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.02	0.27	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.25	-0.14

Drawdowns

WIT vs. CVLT - Drawdown Comparison

The maximum WIT drawdown since its inception was -74.86%, which is greater than CVLT's maximum drawdown of -68.89%. Use the drawdown chart below to compare losses from any high point for WIT and CVLT.

Drawdown Indicators

	WIT	CVLT	Difference
Max Drawdown Largest peak-to-trough decline	-74.86%	-68.89%	-5.97%
Max Drawdown (1Y) Largest decline over 1 year	-38.98%	-61.53%	+22.55%
Max Drawdown (3Y) Largest decline over 3 years	-48.81%	-61.53%	+12.72%
Max Drawdown (5Y) Largest decline over 5 years	-60.42%	-61.53%	+1.11%
Max Drawdown (10Y) Largest decline over 10 years	-60.42%	-61.53%	+1.11%
Current Drawdown Current decline from peak	-51.94%	-37.51%	-14.43%
Average Drawdown Average peak-to-trough decline	-30.87%	-26.90%	-3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.72%	36.62%	-18.90%

Volatility

WIT vs. CVLT - Volatility Comparison

Wipro Limited (WIT) has a higher volatility of 21.12% compared to Commvault Systems, Inc. (CVLT) at 10.79%. This indicates that WIT's price experiences larger fluctuations and is considered to be riskier than CVLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WIT	CVLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.12%	10.79%	+10.33%
Volatility (6M) Calculated over the trailing 6-month period	34.17%	48.38%	-14.21%
Volatility (1Y) Calculated over the trailing 1-year period	37.78%	56.38%	-18.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.02%	42.36%	-11.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.07%	37.71%	-8.64%

Dividends

WIT vs. CVLT - Dividend Comparison

WIT's dividend yield for the trailing twelve months is around 5.56%, while CVLT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CVLT Commvault Systems, 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%
WIT Wipro Limited	5.56%	4.43%	0.17%	0.22%	1.69%	0.14%	0.25%	0.28%	0.31%	0.27%	0.91%	1.65%

Financials

WIT vs. CVLT - Profitability Comparison

The chart below illustrates the profitability comparison between Wipro Limited and Commvault Systems, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

WIT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wipro Limited reported a gross profit of 71.55B and revenue of 246.13B. Therefore, the gross margin over that period was 29.1%.

CVLT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Commvault Systems, Inc. reported a gross profit of 253.69M and revenue of 311.69M. Therefore, the gross margin over that period was 81.4%.

WIT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wipro Limited reported an operating income of 42.46B and revenue of 246.13B, resulting in an operating margin of 17.3%.

CVLT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Commvault Systems, Inc. reported an operating income of 16.64M and revenue of 311.69M, resulting in an operating margin of 5.3%.

WIT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wipro Limited reported a net income of 35.56B and revenue of 246.13B, resulting in a net margin of 14.5%.

CVLT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Commvault Systems, Inc. reported a net income of 14.65M and revenue of 311.69M, resulting in a net margin of 4.7%.

Frequently Asked Questions

Can I hold both WIT and CVLT in my portfolio?

WIT and CVLT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WIT or CVLT?

WIT has higher volatility (21.12%) compared to CVLT (10.79%). In terms of maximum drawdown, WIT dropped -74.86% vs CVLT's -68.89%.

Which has better risk-adjusted returns?

WIT currently has the higher Sharpe Ratio (-0.52 vs -0.62), 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.