ELVA vs GDYN

Comparison between Electrovaya Inc (ELVA, Company) and Grid Dynamics Holdings Inc - Class A (GDYN, Company).

ELVA is from the Industrials sector, while GDYN is from the Technology sector.

5-Year PerformanceELVA has outperformed GDYN, delivering a return of +15.5% compared to -21.8%

ELVA vs GDYN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ELVA(COMPANY)	GDYN(COMPANY)
Market Cap	$470M	$468M
Max Drawdown	96.90%	87.62%
Sharpe Ratio	1.31	-0.86
5Y Beta	1.21	1.23
Industry	Electrical Equipment & Parts	Information Technology Services
P/E Ratio	82.07	90.03
Forward P/E	32.79	131.58
5Y EPS CAGR	33.69%	N/A
Debt to Equity	54.58%	0.00%
Free Cash Flow Yield	-7.25%	5.06%

Market Cap

Winner

ELVA

$470M

GDYN

$468M

Max Drawdown

ELVA

96.90%

Winner

GDYN

87.62%

Sharpe Ratio

Winner

ELVA

1.31

GDYN

-0.86

5Y Beta

Winner

ELVA

1.21

GDYN

1.23

Industry

ELVA

Electrical Equipment & Parts

GDYN

Information Technology Services

P/E Ratio

Winner

ELVA

82.07

GDYN

90.03

Forward P/E

Winner

ELVA

32.79

GDYN

131.58

5Y EPS CAGR

ELVA

33.69%

GDYN

N/A

Debt to Equity

ELVA

54.58%

Winner

GDYN

0.00%

Free Cash Flow Yield

ELVA

-7.25%

Winner

GDYN

5.06%

ELVA vs GDYN - Historical Returns

Returns include dividend reinvestment.

Period	ELVA	GDYN
1 month	-13.45%	+3.51%
3 months	-15.07%	+0.72%
6 months	-21.78%	-34.69%
1 year	+84.98%	-48.01%
5 years(CAGR)	+15.47%	-21.82%
10 years(CAGR)	-4.05%	N/A
Max(CAGR)	+12.66%	-6.59%

ELVA

-13.45%

Winner

GDYN

+3.51%

ELVA

-15.07%

Winner

GDYN

+0.72%

Winner

ELVA

-21.78%

GDYN

-34.69%

Winner

ELVA

+84.98%

GDYN

-48.01%

5Y(CAGR)

Winner

ELVA

+15.47%

GDYN

-21.82%

10Y(CAGR)

ELVA

-4.05%

GDYN

N/A

Max(CAGR)

Winner

ELVA

+12.66%

GDYN

-6.59%

ELVA vs GDYN - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	ELVA	GDYN
2026	+8.84%	-36.47%
2025	+209.80%	-58.95%
2024	-20.13%	+69.64%
2023	-15.59%	+18.70%
2022	-1.61%	-71.53%
2021	-38.46%	+207.95%
2020	+742.86%	+16.24%
2019	+36.36%	+12.44%
2018	-77.98%	+1.89%
2017	-68.48%	N/A
2016	+221.25%	N/A

ELVA vs GDYN Drawdown Comparison

The maximum drawdown for ELVA was -96.90%, occurring on Dec 26, 2018. This drawdown has not yet recovered.

The maximum drawdown for GDYN was -87.62%, occurring on Jun 25, 2026. This drawdown has not yet recovered.

The current ELVA drawdown is -46.48%. The current GDYN drawdown is -86.67%.

Rank	ELVA	GDYN
#1	-96.90% Jul 6, 2016 - Dec 26, 2018	-87.62% Dec 27, 2021 - Jun 25, 2026
#2	-39.69% Apr 19, 2016 - Jun 1, 2016	-57.56% Feb 10, 2020 - Jan 22, 2021
#3	-29.16% Jun 20, 2016 - Jul 6, 2016	-20.22% Jun 24, 2021 - Jul 2, 2021
#4	-15.70% Jan 12, 2016 - Feb 10, 2016	-18.38% Sep 24, 2021 - Nov 5, 2021
#5	-14.59% Jun 3, 2016 - Jun 15, 2016	-14.65% Mar 22, 2021 - May 13, 2021
#6	-14.43% Mar 18, 2016 - Apr 11, 2016	-9.35% May 14, 2021 - Jun 14, 2021
#7	-5.20% Feb 16, 2016 - Mar 1, 2016	-9.33% Sep 7, 2021 - Sep 24, 2021
#8	-2.30% Mar 14, 2016 - Mar 17, 2016	-9.16% Aug 6, 2021 - Aug 23, 2021
#9	-1.23% Apr 12, 2016 - Apr 15, 2016	-8.94% Mar 1, 2021 - Mar 19, 2021
#10	-0.93% Mar 4, 2016 - Mar 10, 2016	-8.56% Jul 2, 2021 - Jul 30, 2021
#11	-0.90% Feb 10, 2016 - Feb 16, 2016	-7.81% Feb 9, 2021 - Feb 19, 2021
#12	-0.49% Apr 15, 2016 - Apr 19, 2016	-7.77% Dec 8, 2021 - Dec 22, 2021
#13	-0.46% Mar 10, 2016 - Mar 14, 2016	-6.99% Feb 24, 2021 - Mar 1, 2021
#14	N/A	-6.76% Nov 15, 2021 - Dec 8, 2021
#15	N/A	-4.50% Nov 15, 2018 - Jun 17, 2019