DRS vs. NOC
DRS (Leonardo DRS Inc. Common Stock) and NOC (Northrop Grumman Corporation) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 3 years, DRS returned 42.71%/yr vs 7.76%/yr for NOC. At a 0.30 correlation, their price movements are largely independent.
Performance
DRS vs. NOC - Performance Comparison
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Returns By Period
In the year-to-date period, DRS achieves a 37.10% return, which is significantly higher than NOC's -4.43% return.
DRS
- 1D
- 0.87%
- 1M
- 12.79%
- YTD
- 37.10%
- 6M
- 37.79%
- 1Y
- 5.81%
- 3Y*
- 42.71%
- 5Y*
- —
- 10Y*
- —
NOC
- 1D
- -0.66%
- 1M
- -1.15%
- YTD
- -4.43%
- 6M
- -1.56%
- 1Y
- 12.23%
- 3Y*
- 7.76%
- 5Y*
- 9.49%
- 10Y*
- 11.31%
DRS vs. NOC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DRS Leonardo DRS Inc. Common Stock | 37.10% | 6.56% | 61.23% | 56.81% | 16.29% |
NOC Northrop Grumman Corporation | -4.43% | 23.61% | 1.93% | -12.79% | 3.27% |
Correlation
The correlation between DRS and NOC is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2022 | 0.30 |
Over the past year, DRS and NOC have become more correlated (0.54) than their long-term average of 0.30, meaning their price movements have been converging.
Fundamentals
DRS:
$1.44
NOC:
$31.95
DRS:
32.36
NOC:
16.93
DRS:
1.92
NOC:
2.50
DRS:
2.54
NOC:
1.83
DRS:
$3.70B
NOC:
$42.37B
DRS:
$894.00M
NOC:
$8.69B
DRS:
$433.00M
NOC:
$7.50B
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Return for Risk
DRS vs. NOC — Risk / Return Rank
DRS
NOC
DRS vs. NOC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leonardo DRS Inc. Common Stock (DRS) and Northrop Grumman Corporation (NOC). 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.
| DRS | NOC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.11 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 0.39 | -0.21 |
| Martin ratioReturn relative to average drawdown | 0.36 | 1.05 | -0.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRS | NOC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.47 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.38 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 0.46 | +0.89 |
Drawdowns
DRS vs. NOC - Drawdown Comparison
The maximum DRS drawdown since its inception was -32.48%, smaller than the maximum NOC drawdown of -71.12%. Use the drawdown chart below to compare losses from any high point for DRS and NOC.
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Drawdown Indicators
| DRS | NOC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.48% | -71.12% | +38.64% |
Max Drawdown (1Y)Largest decline over 1 year | -32.48% | -31.20% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -32.48% | -31.20% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.20% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.38% | — |
Current DrawdownCurrent decline from peak | -4.53% | -29.27% | +24.74% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -18.40% | +11.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.05% | 11.72% | +4.33% |
Volatility
DRS vs. NOC - Volatility Comparison
Leonardo DRS Inc. Common Stock (DRS) has a higher volatility of 11.11% compared to Northrop Grumman Corporation (NOC) at 7.22%. This indicates that DRS's price experiences larger fluctuations and is considered to be riskier than NOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRS | NOC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.11% | 7.22% | +3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 30.76% | 21.13% | +9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.89% | 26.48% | +13.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.47% | 25.27% | +13.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.47% | 25.42% | +13.05% |
Dividends
DRS vs. NOC - Dividend Comparison
DRS's dividend yield for the trailing twelve months is around 0.77%, less than NOC's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRS Leonardo DRS Inc. Common Stock | 0.77% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOC Northrop Grumman Corporation | 1.74% | 1.58% | 1.72% | 1.57% | 1.24% | 1.59% | 1.86% | 1.50% | 1.92% | 1.27% | 1.50% | 1.64% |
Financials
DRS vs. NOC - Financials Comparison
This section allows you to compare key financial metrics between Leonardo DRS Inc. Common Stock and Northrop Grumman Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DRS vs. NOC - Profitability Comparison
DRS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Leonardo DRS Inc. Common Stock reported a gross profit of 212.00M and revenue of 846.00M. Therefore, the gross margin over that period was 25.1%.
NOC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported a gross profit of 1.96B and revenue of 9.88B. Therefore, the gross margin over that period was 19.8%.
DRS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Leonardo DRS Inc. Common Stock reported an operating income of 77.00M and revenue of 846.00M, resulting in an operating margin of 9.1%.
NOC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported an operating income of 989.00M and revenue of 9.88B, resulting in an operating margin of 10.0%.
DRS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Leonardo DRS Inc. Common Stock reported a net income of 62.00M and revenue of 846.00M, resulting in a net margin of 7.3%.
NOC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported a net income of 875.00M and revenue of 9.88B, resulting in a net margin of 8.9%.
Frequently Asked Questions
DRS and NOC have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRS has higher volatility (11.11%) compared to NOC (7.22%). In terms of maximum drawdown, DRS dropped -32.48% vs NOC's -71.12%.
NOC currently has the higher Sharpe Ratio (0.47 vs 0.15), 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.
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