ESLOY vs. NVS

Last updated Jun 4, 2026

ESLOY (Essilor International SA) and NVS (Novartis AG) are both stocks. Both are in the Healthcare sector — ESLOY in Medical Instruments & Supplies, NVS in Drug Manufacturers - General. Over the past 10 years, ESLOY returned 5.92%/yr vs 9.84%/yr for NVS. At a 0.40 correlation, their price movements are largely independent.

Performance

ESLOY vs. NVS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Essilor International SA (ESLOY) and Novartis AG (NVS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESLOY achieves a -36.56% return, which is significantly lower than NVS's 7.37% return. Over the past 10 years, ESLOY has underperformed NVS with an annualized return of 5.92%, while NVS has yielded a comparatively higher 9.84% annualized return.

ESLOY

• 1D: -0.92%
• 1M: -1.41%
• YTD: -36.56%
• 6M: -44.28%
• 1Y: -27.89%
• 3Y*: 4.31%
• 5Y*: 4.22%
• 10Y*: 5.92%

NVS

• 1D: 0.13%
• 1M: -0.66%
• YTD: 7.37%
• 6M: 10.70%
• 1Y: 27.68%
• 3Y*: 17.23%
• 5Y*: 14.04%
• 10Y*: 9.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESLOY vs. NVS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ESLOY Essilor International SA	-36.56%	33.44%	22.45%	12.96%	-13.84%	38.51%	2.43%	23.58%	-7.18%	26.94%
NVS Novartis AG	7.37%	46.95%	0.02%	16.14%	8.06%	-3.65%	3.34%	13.92%	5.95%	19.42%

Correlation

The correlation between ESLOY and NVS is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007	0.40

Fundamentals

Market Cap ESLOY : $92.20B NVS : $275.25B
EPS ESLOY : $5.01 NVS : $6.99
PE Ratio ESLOY : 19.60 NVS : 20.55
PEG Ratio ESLOY : 1.65 NVS : 1.39
PS Ratio ESLOY : 1.67 NVS : 4.96
PB Ratio ESLOY : 2.37 NVS : 7.15
Total Revenue (TTM) ESLOY : $54.89B NVS : $56.05B
Gross Profit (TTM) ESLOY : $33.87B NVS : $42.19B
EBITDA (TTM) ESLOY : $12.51B NVS : $22.40B

Return for Risk

ESLOY vs. NVS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESLOY

ESLOY Risk / Return Rank: 11
ESLOY Sharpe Ratio Rank: 7
ESLOY Sortino Ratio Rank: 8
ESLOY Omega Ratio Rank: 9
ESLOY Calmar Ratio Rank: 19
ESLOY Martin Ratio Rank: 12

NVS

NVS Risk / Return Rank: 75
NVS Sharpe Ratio Rank: 79
NVS Sortino Ratio Rank: 73
NVS Omega Ratio Rank: 71
NVS Calmar Ratio Rank: 76
NVS Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESLOY vs. NVS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Essilor International SA (ESLOY) and Novartis AG (NVS). 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.

	ESLOY	NVS	Difference
Sharpe ratio Return per unit of total volatility	-0.86	1.37	-2.23
Sortino ratio Return per unit of downside risk	-1.26	1.94	-3.20
Omega ratio Gain probability vs. loss probability	0.85	1.24	-0.39
Calmar ratio Return relative to maximum drawdown	-0.61	2.20	-2.80
Martin ratio Return relative to average drawdown	-1.27	5.52	-6.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESLOY vs. NVS - Sharpe Ratio Comparison

The current ESLOY Sharpe Ratio is -0.86, which is lower than the NVS Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of ESLOY and NVS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ESLOY	NVS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.86	1.37	-2.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.75	-0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	0.50	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.42	-0.29

Drawdowns

ESLOY vs. NVS - Drawdown Comparison

The maximum ESLOY drawdown since its inception was -74.27%, which is greater than NVS's maximum drawdown of -42.10%. Use the drawdown chart below to compare losses from any high point for ESLOY and NVS.

Drawdown Indicators

	ESLOY	NVS	Difference
Max Drawdown Largest peak-to-trough decline	-74.27%	-42.10%	-32.17%
Max Drawdown (1Y) Largest decline over 1 year	-46.23%	-12.65%	-33.58%
Max Drawdown (3Y) Largest decline over 3 years	-46.23%	-19.95%	-26.28%
Max Drawdown (5Y) Largest decline over 5 years	-46.23%	-20.42%	-25.81%
Max Drawdown (10Y) Largest decline over 10 years	-46.23%	-26.03%	-20.20%
Current Drawdown Current decline from peak	-45.86%	-12.21%	-33.65%
Average Drawdown Average peak-to-trough decline	-21.00%	-10.93%	-10.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.04%	5.03%	+17.01%

Volatility

ESLOY vs. NVS - Volatility Comparison

Essilor International SA (ESLOY) has a higher volatility of 6.79% compared to Novartis AG (NVS) at 5.62%. This indicates that ESLOY's price experiences larger fluctuations and is considered to be riskier than NVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESLOY	NVS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.79%	5.62%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	25.90%	14.25%	+11.65%
Volatility (1Y) Calculated over the trailing 1-year period	32.55%	20.28%	+12.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.16%	18.78%	+9.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.16%	19.59%	+7.57%

Dividends

ESLOY vs. NVS - Dividend Comparison

ESLOY's dividend yield for the trailing twelve months is around 2.39%, less than NVS's 3.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESLOY Essilor International SA	2.39%	1.42%	1.75%	1.76%	1.46%	0.62%	0.90%	1.49%	1.49%	3.64%	2.21%	0.91%
NVS Novartis AG	3.32%	2.90%	3.84%	3.44%	3.70%	3.86%	3.22%	3.03%	3.47%	3.24%	3.73%	3.10%

Financials

ESLOY vs. NVS - Profitability Comparison

The chart below illustrates the profitability comparison between Essilor International SA and Novartis AG over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ESLOY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Essilor International SA reported a gross profit of 8.35B and revenue of 14.36B. Therefore, the gross margin over that period was 58.2%.

NVS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Novartis AG reported a gross profit of 10.07B and revenue of 13.52B. Therefore, the gross margin over that period was 74.4%.

ESLOY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Essilor International SA reported an operating income of 1.36B and revenue of 14.36B, resulting in an operating margin of 9.5%.

NVS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novartis AG reported an operating income of 4.24B and revenue of 13.52B, resulting in an operating margin of 31.3%.

ESLOY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Essilor International SA reported a net income of 921.13M and revenue of 14.36B, resulting in a net margin of 6.4%.

NVS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novartis AG reported a net income of 3.16B and revenue of 13.52B, resulting in a net margin of 23.3%.

Frequently Asked Questions

Can I hold both ESLOY and NVS in my portfolio?

ESLOY and NVS have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESLOY or NVS?

ESLOY has higher volatility (6.79%) compared to NVS (5.62%). In terms of maximum drawdown, ESLOY dropped -74.27% vs NVS's -42.10%.

Which has better risk-adjusted returns?

NVS currently has the higher Sharpe Ratio (1.37 vs -0.86), 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.