VATE vs CARL
Comparison between Innovate Corp (VATE, Company) and Carlsmed Inc (CARL, Company).
VATE is from the Industrials sector, while CARL is from the Healthcare sector.
VATE vs CARL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
VATE
$274M
Winner
CARL
$274M
Max Drawdown
VATE
98.14%
Winner
CARL
48.03%
Sharpe Ratio
Winner
VATE
1.97
CARL
-0.26
5Y Beta
Winner
VATE
1.27
CARL
1.44
Industry
VATE
Engineering & Construction
CARL
Health Information Services
P/E Ratio
VATE
-5.13
Winner
CARL
-9.04
Forward P/E
VATE
4.86
CARL
N/A
PEG Ratio
VATE
-0.21
CARL
N/A
Debt to Equity
Winner
VATE
-238.31%
CARL
16.66%
Free Cash Flow Yield
Winner
VATE
73.63%
CARL
-16.42%
VATE vs CARL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
VATE
+84.21%
CARL
-7.87%
3M
Winner
VATE
+404.02%
CARL
-8.29%
6M
Winner
VATE
+272.86%
CARL
-19.82%
1Y
Winner
VATE
+279.92%
CARL
-30.55%
5Y(CAGR)
VATE
-12.63%
CARL
N/A
10Y(CAGR)
VATE
-3.66%
CARL
N/A
Max(CAGR)
Winner
VATE
+6.60%
CARL
-33.20%
VATE vs CARL - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | VATE | CARL |
|---|---|---|
| 2026 | +285.77% | -13.41% |
| 2025 | -9.60% | -14.83% |
| 2024 | -57.04% | N/A |
| 2023 | -42.79% | N/A |
| 2022 | -52.17% | N/A |
| 2021 | +20.52% | N/A |
| 2020 | +47.51% | N/A |
| 2019 | -18.73% | N/A |
| 2018 | -56.36% | N/A |
| 2017 | +29.51% | N/A |
| 2016 | +16.05% | N/A |
| 2015 | -36.34% | N/A |
| 2014 | +195.79% | N/A |
| 2013 | -18.31% | N/A |
| 2012 | +16.22% | N/A |
| 2011 | +1.28% | N/A |
| 2010 | +100.00% | N/A |
| 2009 | +43.75% | N/A |
VATE vs CARL Drawdown Comparison
The maximum drawdown for VATE was -96.53%, occurring on Oct 3, 2024. This drawdown has not yet recovered.
The maximum drawdown for CARL was -48.03%, occurring on Apr 29, 2026. This drawdown has not yet recovered.
The current VATE drawdown is -78.75%. The current CARL drawdown is -40.73%.
| Rank | VATE | CARL |
|---|---|---|
| #1 | -96.53% Mar 26, 2015 - Oct 3, 2024 | -48.03% Dec 3, 2025 - Apr 29, 2026 |
| #2 | -39.74% May 9, 2013 - Sep 17, 2014 | -23.00% Sep 18, 2025 - Nov 26, 2025 |
| #3 | -39.37% Feb 1, 2011 - Mar 23, 2012 | -17.39% Jul 30, 2025 - Sep 12, 2025 |
| #4 | -27.23% Aug 28, 2009 - Oct 18, 2010 | -7.92% Nov 28, 2025 - Dec 3, 2025 |
| #5 | -26.24% Jul 3, 2012 - May 9, 2013 | -1.57% Sep 16, 2025 - Sep 18, 2025 |
| #6 | -18.89% May 2, 2012 - Jul 2, 2012 | -0.95% Sep 12, 2025 - Sep 16, 2025 |
| #7 | -17.50% Jul 13, 2009 - Aug 10, 2009 | -0.34% Jul 23, 2025 - Jul 30, 2025 |
| #8 | -15.38% Dec 31, 2014 - Mar 11, 2015 | N/A |
| #9 | -12.93% Nov 26, 2014 - Dec 24, 2014 | N/A |
| #10 | -10.09% Nov 17, 2010 - Dec 8, 2010 | N/A |
| #11 | -8.77% Oct 6, 2014 - Nov 5, 2014 | N/A |
| #12 | -8.50% Oct 26, 2010 - Nov 11, 2010 | N/A |
| #13 | -5.85% Dec 15, 2010 - Jan 4, 2011 | N/A |
| #14 | -3.71% Apr 4, 2012 - Apr 17, 2012 | N/A |
| #15 | -3.51% Apr 18, 2012 - Apr 27, 2012 | N/A |
Correlation
Correlation between VATE and CARL is -0.56 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.56
-101
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