EBS vs. NVCR
EBS (Emergent BioSolutions Inc.) and NVCR (NovoCure Limited) are both stocks. Both are in the Healthcare sector — EBS in Drug Manufacturers - Specialty & Generic, NVCR in Medical Instruments & Supplies. Over the past 10 years, EBS returned -11.85%/yr vs 2.52%/yr for NVCR. At a 0.31 correlation, their price movements are largely independent.
Performance
EBS vs. NVCR - Performance Comparison
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Returns By Period
In the year-to-date period, EBS achieves a -36.49% return, which is significantly lower than NVCR's 5.26% return. Over the past 10 years, EBS has underperformed NVCR with an annualized return of -11.85%, while NVCR has yielded a comparatively higher 2.52% annualized return.
EBS
- 1D
- -1.88%
- 1M
- -7.10%
- YTD
- -36.49%
- 6M
- -38.72%
- 1Y
- 26.21%
- 3Y*
- -5.56%
- 5Y*
- -33.43%
- 10Y*
- -11.85%
NVCR
- 1D
- -4.69%
- 1M
- -24.22%
- YTD
- 5.26%
- 6M
- 1.26%
- 1Y
- -18.45%
- 3Y*
- -31.19%
- 5Y*
- -42.97%
- 10Y*
- 2.52%
EBS vs. NVCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EBS Emergent BioSolutions Inc. | -36.49% | 29.29% | 298.33% | -79.68% | -72.83% | -51.48% | 66.08% | -8.99% | 27.57% | 41.50% |
NVCR NovoCure Limited | 5.26% | -56.61% | 99.60% | -79.65% | -2.30% | -56.61% | 105.34% | 151.70% | 65.74% | 157.32% |
Correlation
The correlation between EBS and NVCR is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2015 | 0.31 |
Fundamentals
EBS:
-$0.37
NVCR:
-$1.54
EBS:
0.49
NVCR:
2.27
EBS:
$676.80M
NVCR:
$674.41M
EBS:
$292.40M
NVCR:
$507.13M
EBS:
$126.60M
NVCR:
-$164.04M
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Return for Risk
EBS vs. NVCR — Risk / Return Rank
EBS
NVCR
EBS vs. NVCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Emergent BioSolutions Inc. (EBS) and NovoCure Limited (NVCR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EBS | NVCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.02 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | -0.41 | +1.00 |
| Martin ratioReturn relative to average drawdown | 1.06 | -0.63 | +1.69 |
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Drawdowns
EBS vs. NVCR - Drawdown Comparison
The maximum EBS drawdown since its inception was -98.89%, roughly equal to the maximum NVCR drawdown of -95.55%. Use the drawdown chart below to compare losses from any high point for EBS and NVCR.
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Drawdown Indicators
| EBS | NVCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.89% | -95.55% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -44.24% | -45.67% | +1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -83.91% | -76.32% | -7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -97.73% | -95.52% | -2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -98.89% | -95.55% | -3.34% |
Current DrawdownCurrent decline from peak | -94.18% | -93.97% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -41.23% | -52.31% | +11.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.81% | 29.35% | -4.54% |
Volatility
EBS vs. NVCR - Volatility Comparison
The current volatility for Emergent BioSolutions Inc. (EBS) is 17.79%, while NovoCure Limited (NVCR) has a volatility of 28.68%. This indicates that EBS experiences smaller price fluctuations and is considered to be less risky than NVCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EBS | NVCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.79% | 28.68% | -10.89% |
Volatility (6M)Calculated over the trailing 6-month period | 48.07% | 61.98% | -13.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.47% | 76.71% | +5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 102.28% | 80.18% | +22.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.78% | 72.21% | +7.57% |
Dividends
EBS vs. NVCR - Dividend Comparison
Neither EBS nor NVCR has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EBS Emergent BioSolutions Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.65% |
NVCR NovoCure Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
EBS vs. NVCR - Financials Comparison
This section allows you to compare key financial metrics between Emergent BioSolutions Inc. and NovoCure Limited. 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
EBS vs. NVCR - Profitability Comparison
EBS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Emergent BioSolutions Inc. reported a gross profit of 61.20M and revenue of 156.10M. Therefore, the gross margin over that period was 39.2%.
NVCR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NovoCure Limited reported a gross profit of 135.13M and revenue of 174.06M. Therefore, the gross margin over that period was 77.6%.
EBS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Emergent BioSolutions Inc. reported an operating income of 0.00 and revenue of 156.10M, resulting in an operating margin of 0.0%.
NVCR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NovoCure Limited reported an operating income of -67.42M and revenue of 174.06M, resulting in an operating margin of -38.7%.
EBS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Emergent BioSolutions Inc. reported a net income of 0.00 and revenue of 156.10M, resulting in a net margin of 0.0%.
NVCR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NovoCure Limited reported a net income of -71.14M and revenue of 174.06M, resulting in a net margin of -40.9%.
Frequently Asked Questions
EBS and NVCR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVCR has higher volatility (28.68%) compared to EBS (17.79%). In terms of maximum drawdown, EBS dropped -98.89% vs NVCR's -95.55%.
EBS currently has the higher Sharpe Ratio (0.32 vs -0.24), 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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