GVA vs ESTC
Comparison between Granite Construction Inc (GVA, Company) and Elastic N.V (ESTC, Company).
GVA is from the Industrials sector, while ESTC is from the Technology sector.
5-Year PerformanceGVA has outperformed ESTC, delivering a return of +27.0% compared to -15.5%
GVA vs ESTC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GVA vs ESTC - Historical Returns
Returns include dividend reinvestment.
GVA vs ESTC - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GVA | ESTC |
|---|---|---|
| 2026 | +2.08% | -14.11% |
| 2025 | +31.91% | -23.87% |
| 2024 | +75.44% | -7.00% |
| 2023 | +47.00% | +124.68% |
| 2022 | -8.92% | -56.93% |
| 2021 | +47.29% | -12.99% |
| 2020 | -0.40% | +122.12% |
| 2019 | -30.47% | -3.12% |
| 2018 | -36.37% | +2.11% |
| 2017 | +16.08% | N/A |
| 2016 | +33.59% | N/A |
| 2015 | +17.09% | N/A |
| 2014 | +13.24% | N/A |
| 2013 | +2.04% | N/A |
| 2012 | +40.60% | N/A |
| 2011 | -13.98% | N/A |
| 2010 | -18.14% | N/A |
| 2009 | -23.70% | N/A |
| 2008 | +23.30% | N/A |
| 2007 | -27.78% | N/A |
| 2006 | +36.91% | N/A |
| 2005 | +39.27% | N/A |
| 2004 | +13.51% | N/A |
| 2003 | +43.24% | N/A |
| 2002 | -35.38% | N/A |
| 2001 | +26.31% | N/A |
| 2000 | +66.79% | N/A |
| 1999 | -5.36% | N/A |
GVA vs ESTC Drawdown Comparison
The maximum drawdown for GVA was -84.73%, occurring on Mar 17, 2020. Recovery took 1580 trading sessions.
The maximum drawdown for ESTC was -76.82%, occurring on Apr 10, 2026. This drawdown has not yet recovered.
The current GVA drawdown is -24.56%. The current ESTC drawdown is -66.63%.
| Rank | GVA | ESTC |
|---|---|---|
| #1 | -84.73% Jan 29, 2018 - May 9, 2024 | -76.82% Nov 16, 2021 - Apr 10, 2026 |
| #2 | -75.06% Jul 13, 2007 - Oct 27, 2017 | -56.99% Jul 26, 2019 - Aug 20, 2020 |
| #3 | -53.23% May 14, 2001 - Jul 1, 2005 | -39.87% Jan 21, 2021 - Sep 3, 2021 |
| #4 | -29.06% Dec 4, 2024 - Aug 7, 2025 | -26.69% Feb 27, 2019 - Jul 22, 2019 |
| #5 | -26.75% Apr 21, 2006 - Aug 22, 2006 | -23.74% Dec 3, 2018 - Jan 30, 2019 |
| #6 | -25.91% Jun 26, 2026 - Jul 13, 2026 | -21.02% Oct 13, 2020 - Dec 3, 2020 |
| #7 | -25.19% May 11, 2000 - Nov 17, 2000 | -17.01% Sep 3, 2021 - Oct 14, 2021 |
| #8 | -24.25% Oct 19, 2006 - Apr 27, 2007 | -13.92% Nov 8, 2018 - Dec 3, 2018 |
| #9 | -16.54% Nov 15, 1999 - Jan 7, 2000 | -13.54% Oct 5, 2018 - Nov 7, 2018 |
| #10 | -16.01% Oct 3, 2005 - Nov 22, 2005 | -11.68% Aug 26, 2020 - Oct 5, 2020 |
| #11 | -15.69% Mar 21, 2000 - May 11, 2000 | -11.08% Dec 22, 2020 - Jan 15, 2021 |
| #12 | -14.69% Feb 24, 2026 - Apr 30, 2026 | -5.59% Dec 8, 2020 - Dec 17, 2020 |
| #13 | -12.42% Mar 2, 2001 - Apr 10, 2001 | -5.39% Feb 5, 2019 - Feb 14, 2019 |
| #14 | -11.45% Jan 16, 2001 - Feb 9, 2001 | -5.24% Nov 9, 2021 - Nov 16, 2021 |
| #15 | -11.39% Aug 13, 2025 - Dec 10, 2025 | -3.39% Aug 20, 2020 - Aug 26, 2020 |
Correlation
Correlation between GVA and ESTC is -0.24 which considered as a very weak or no correlation - the stocks move independently of each other.
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