ERIC vs. NOK
ERIC (Telefonaktiebolaget LM Ericsson (publ)) and NOK (Nokia Corporation) are both stocks. Both operate in the Communication Equipment industry within the Technology sector. Over the past 10 years, ERIC returned 5.47%/yr vs 8.18%/yr for NOK. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
ERIC vs. NOK - Performance Comparison
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Returns By Period
In the year-to-date period, ERIC achieves a 3.95% return, which is significantly lower than NOK's 62.01% return. Over the past 10 years, ERIC has underperformed NOK with an annualized return of 5.47%, while NOK has yielded a comparatively higher 8.18% annualized return.
ERIC
- 1D
- -1.79%
- 1M
- -15.83%
- 6M
- 5.59%
- YTD
- 3.95%
- 1Y
- 38.68%
- 3Y*
- 31.26%
- 5Y*
- 0.16%
- 10Y*
- 5.47%
NOK
- 1D
- -7.73%
- 1M
- -25.75%
- 6M
- 58.58%
- YTD
- 62.01%
- 1Y
- 124.34%
- 3Y*
- 43.76%
- 5Y*
- 15.61%
- 10Y*
- 8.18%
ERIC vs. NOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERIC Telefonaktiebolaget LM Ericsson (publ) | 3.95% | 24.14% | 33.36% | 13.40% | -44.43% | -7.26% | 38.51% | 0.17% | 35.45% | 16.57% |
NOK Nokia Corporation | 62.01% | 50.85% | 34.33% | -23.97% | -24.44% | 59.08% | 5.39% | -34.91% | 30.04% | -0.22% |
Correlation
The correlation between ERIC and NOK is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994 | 0.58 |
The correlation between ERIC and NOK has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
Fundamentals
ERIC:
$32.65B
NOK:
$56.03B
ERIC:
SEK 7.34
NOK:
€0.14
ERIC:
12.94
NOK:
63.32
ERIC:
0.00
NOK:
2.16
ERIC:
1.38
NOK:
2.52
ERIC:
3.04
NOK:
2.44
ERIC:
SEK 228.76B
NOK:
€20.00B
ERIC:
SEK 110.10B
NOK:
€8.82B
ERIC:
SEK 42.03B
NOK:
€2.24B
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Return for Risk
ERIC vs. NOK — Risk / Return Rank
ERIC
NOK
ERIC vs. NOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telefonaktiebolaget LM Ericsson (publ) (ERIC) and Nokia Corporation (NOK). 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.
| ERIC | NOK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 3.26 | -1.87 |
| Martin ratioReturn relative to average drawdown | 5.38 | 10.05 | -4.67 |
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Drawdowns
ERIC vs. NOK - Drawdown Comparison
The maximum ERIC drawdown since its inception was -98.59%, roughly equal to the maximum NOK drawdown of -95.99%. Use the drawdown chart below to compare losses from any high point for ERIC and NOK.
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Drawdown Indicators
| ERIC | NOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.59% | -95.99% | -2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -28.02% | -38.40% | +10.38% |
Max Drawdown (3Y)Largest decline over 3 years | -28.02% | -38.40% | +10.38% |
Max Drawdown (5Y)Largest decline over 5 years | -62.82% | -50.56% | -12.26% |
Max Drawdown (10Y)Largest decline over 10 years | -66.59% | -62.56% | -4.03% |
Current DrawdownCurrent decline from peak | -85.92% | -65.00% | -20.92% |
Average DrawdownAverage peak-to-trough decline | -67.81% | -64.83% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.21% | 12.42% | -5.21% |
Volatility
ERIC vs. NOK - Volatility Comparison
The current volatility for Telefonaktiebolaget LM Ericsson (publ) (ERIC) is 17.52%, while Nokia Corporation (NOK) has a volatility of 20.43%. This indicates that ERIC experiences smaller price fluctuations and is considered to be less risky than NOK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ERIC | NOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.52% | 20.43% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 29.70% | 46.26% | -16.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.71% | 57.36% | -18.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.06% | 37.96% | -2.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.46% | 40.84% | -5.38% |
Dividends
ERIC vs. NOK - Dividend Comparison
ERIC's dividend yield for the trailing twelve months is around 3.16%, more than NOK's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIC Telefonaktiebolaget LM Ericsson (publ) | 3.16% | 3.04% | 3.22% | 4.07% | 4.22% | 2.15% | 1.36% | 1.24% | 1.42% | 1.67% | 5.14% | 5.30% |
NOK Nokia Corporation | 1.58% | 2.45% | 3.17% | 3.51% | 1.32% | 0.00% | 0.00% | 3.01% | 4.06% | 4.07% | 6.02% | 2.22% |
Financials
ERIC vs. NOK - Financials Comparison
This section allows you to compare key financial metrics between Telefonaktiebolaget LM Ericsson (publ) and Nokia 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
ERIC vs. NOK - Profitability Comparison
ERIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Telefonaktiebolaget LM Ericsson (publ) reported a gross profit of 26.27B and revenue of 54.32B. Therefore, the gross margin over that period was 48.4%.
NOK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Nokia Corporation reported a gross profit of 1.99B and revenue of 4.50B. Therefore, the gross margin over that period was 44.2%.
ERIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Telefonaktiebolaget LM Ericsson (publ) reported an operating income of 6.69B and revenue of 54.32B, resulting in an operating margin of 12.3%.
NOK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Nokia Corporation reported an operating income of 63.00M and revenue of 4.50B, resulting in an operating margin of 1.4%.
ERIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Telefonaktiebolaget LM Ericsson (publ) reported a net income of 4.17B and revenue of 54.32B, resulting in a net margin of 7.7%.
NOK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Nokia Corporation reported a net income of 86.00M and revenue of 4.50B, resulting in a net margin of 1.9%.
Frequently Asked Questions
ERIC and NOK have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOK has higher volatility (20.43%) compared to ERIC (17.52%). In terms of maximum drawdown, ERIC dropped -98.59% vs NOK's -95.99%.
NOK currently has the higher Sharpe Ratio (2.18 vs 1.01), 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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