YY vs. WVE

Last updated Jun 4, 2026

YY (YY Inc.) and WVE (Wave Life Sciences Ltd.) are both stocks. YY operates in Internet Content & Information (Communication Services), while WVE operates in Biotechnology (Healthcare). Over the past 10 years, YY returned 7.08%/yr vs -9.66%/yr for WVE. At a 0.15 correlation, their price movements are largely independent.

Performance

YY vs. WVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YY Inc. (YY) and Wave Life Sciences Ltd. (WVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YY achieves a 7.41% return, which is significantly higher than WVE's -66.12% return. Over the past 10 years, YY has outperformed WVE with an annualized return of 7.08%, while WVE has yielded a comparatively lower -9.66% annualized return.

YY

• 1D: -2.55%
• 1M: 13.41%
• YTD: 7.41%
• 6M: 12.33%
• 1Y: 53.07%
• 3Y*: 37.82%
• 5Y*: 3.39%
• 10Y*: 7.08%

WVE

• 1D: 1.23%
• 1M: -22.89%
• YTD: -66.12%
• 6M: -19.33%
• 1Y: -11.38%
• 3Y*: 8.18%
• 5Y*: -3.18%
• 10Y*: -9.66%

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

YY vs. WVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
YY YY Inc.	7.41%	63.93%	5.42%	30.70%	-25.95%	-41.43%	52.97%	-11.81%	-47.05%	186.81%
WVE Wave Life Sciences Ltd.	-66.12%	37.43%	144.95%	-27.86%	122.93%	-60.10%	-1.81%	-80.93%	19.77%	34.23%

Correlation

The correlation between YY and WVE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Nov 12, 2015	0.15

Fundamentals

Total Revenue (TTM) YY : $549.45M WVE : $71.80M
Gross Profit (TTM) YY : $382.40M WVE : $29.09M
EBITDA (TTM) YY : $57.07M WVE : -$184.40M

Return for Risk

YY vs. WVE — Risk / Return Rank

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

YY

YY Risk / Return Rank: 81
YY Sharpe Ratio Rank: 82
YY Sortino Ratio Rank: 83
YY Omega Ratio Rank: 81
YY Calmar Ratio Rank: 79
YY Martin Ratio Rank: 79

WVE

WVE Risk / Return Rank: 47
WVE Sharpe Ratio Rank: 38
WVE Sortino Ratio Rank: 60
WVE Omega Ratio Rank: 65
WVE Calmar Ratio Rank: 35
WVE Martin Ratio Rank: 36

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.

YY vs. WVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YY Inc. (YY) and Wave Life Sciences Ltd. (WVE). 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.

	YY	WVE	Difference
Sharpe ratio Return per unit of total volatility	1.57	-0.07	+1.63
Sortino ratio Return per unit of downside risk	2.58	1.25	+1.33
Omega ratio Gain probability vs. loss probability	1.32	1.20	+0.12
Calmar ratio Return relative to maximum drawdown	2.54	-0.16	+2.70
Martin ratio Return relative to average drawdown	5.95	-0.30	+6.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YY vs. WVE - Sharpe Ratio Comparison

The current YY Sharpe Ratio is 1.57, which is higher than the WVE Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of YY and WVE, 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

	YY	WVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	-0.07	+1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	-0.03	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	-0.10	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	-0.09	+0.37

Drawdowns

YY vs. WVE - Drawdown Comparison

The maximum YY drawdown since its inception was -83.52%, smaller than the maximum WVE drawdown of -97.77%. Use the drawdown chart below to compare losses from any high point for YY and WVE.

Drawdown Indicators

	YY	WVE	Difference
Max Drawdown Largest peak-to-trough decline	-83.52%	-97.77%	+14.25%
Max Drawdown (1Y) Largest decline over 1 year	-20.97%	-73.30%	+52.33%
Max Drawdown (3Y) Largest decline over 3 years	-33.72%	-73.30%	+39.58%
Max Drawdown (5Y) Largest decline over 5 years	-67.31%	-83.53%	+16.22%
Max Drawdown (10Y) Largest decline over 10 years	-83.52%	-97.77%	+14.25%
Current Drawdown Current decline from peak	-43.06%	-89.57%	+46.51%
Average Drawdown Average peak-to-trough decline	-46.21%	-64.75%	+18.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.95%	37.53%	-28.58%

Volatility

YY vs. WVE - Volatility Comparison

YY Inc. (YY) has a higher volatility of 18.59% compared to Wave Life Sciences Ltd. (WVE) at 14.76%. This indicates that YY's price experiences larger fluctuations and is considered to be riskier than WVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YY	WVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.59%	14.76%	+3.83%
Volatility (6M) Calculated over the trailing 6-month period	25.98%	123.16%	-97.18%
Volatility (1Y) Calculated over the trailing 1-year period	34.09%	168.77%	-134.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.61%	114.59%	-54.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.12%	98.98%	-41.86%

Dividends

YY vs. WVE - Dividend Comparison

YY's dividend yield for the trailing twelve months is around 6.33%, while WVE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
WVE Wave Life Sciences Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
YY YY Inc.	6.33%	4.35%	0.00%	3.07%	6.46%	4.48%	1.02%

Financials

Frequently Asked Questions

Can I hold both YY and WVE in my portfolio?

YY and WVE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YY or WVE?

YY has higher volatility (18.59%) compared to WVE (14.76%). In terms of maximum drawdown, YY dropped -83.52% vs WVE's -97.77%.

Which has better risk-adjusted returns?

YY currently has the higher Sharpe Ratio (1.57 vs -0.07), 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.