ISRG vs. NVMI
ISRG (Intuitive Surgical, Inc.) and NVMI (Nova Ltd) are both stocks. ISRG operates in Medical Instruments & Supplies (Healthcare), while NVMI operates in Semiconductor Equipment & Materials (Technology). Over the past 10 years, ISRG returned 19.09%/yr vs 47.99%/yr for NVMI. At a 0.26 correlation, their price movements are largely independent.
Performance
ISRG vs. NVMI - Performance Comparison
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Returns By Period
In the year-to-date period, ISRG achieves a -27.42% return, which is significantly lower than NVMI's 77.55% return. Over the past 10 years, ISRG has underperformed NVMI with an annualized return of 19.09%, while NVMI has yielded a comparatively higher 47.99% annualized return.
ISRG
- 1D
- -0.45%
- 1M
- -4.91%
- YTD
- -27.42%
- 6M
- -24.20%
- 1Y
- -19.87%
- 3Y*
- 9.23%
- 5Y*
- 7.37%
- 10Y*
- 19.09%
NVMI
- 1D
- 4.19%
- 1M
- 15.76%
- YTD
- 77.55%
- 6M
- 84.60%
- 1Y
- 155.07%
- 3Y*
- 70.07%
- 5Y*
- 41.92%
- 10Y*
- 47.99%
ISRG vs. NVMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISRG Intuitive Surgical, Inc. | -27.42% | 8.51% | 54.72% | 27.14% | -26.15% | 31.76% | 38.39% | 23.43% | 31.23% | 72.64% |
NVMI Nova Ltd | 77.55% | 66.74% | 43.35% | 68.21% | -44.25% | 107.51% | 86.62% | 66.07% | -12.08% | 96.88% |
Correlation
The correlation between ISRG and NVMI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2000 | 0.26 |
The correlation between ISRG and NVMI shifts across timeframes, from 0.26 (all time) to 0.45 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ISRG:
$147.90B
NVMI:
$20.08B
ISRG:
$8.24
NVMI:
$7.94
ISRG:
49.88
NVMI:
73.41
ISRG:
3.05
NVMI:
2.55
ISRG:
14.04
NVMI:
21.45
ISRG:
8.40
NVMI:
14.47
ISRG:
$10.58B
NVMI:
$902.53M
ISRG:
$7.02B
NVMI:
$518.59M
ISRG:
$3.76B
NVMI:
$293.89M
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Return for Risk
ISRG vs. NVMI — Risk / Return Rank
ISRG
NVMI
ISRG vs. NVMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intuitive Surgical, Inc. (ISRG) and Nova Ltd (NVMI). 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.
| ISRG | NVMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.88 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.39 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 7.24 | -7.86 |
| Martin ratioReturn relative to average drawdown | -1.24 | 19.34 | -20.58 |
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Drawdowns
ISRG vs. NVMI - Drawdown Comparison
The maximum ISRG drawdown since its inception was -82.26%, smaller than the maximum NVMI drawdown of -98.22%. Use the drawdown chart below to compare losses from any high point for ISRG and NVMI.
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Drawdown Indicators
| ISRG | NVMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.26% | -98.22% | +15.96% |
Max Drawdown (1Y)Largest decline over 1 year | -32.14% | -21.56% | -10.58% |
Max Drawdown (3Y)Largest decline over 3 years | -34.10% | -40.79% | +6.69% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | -52.76% | +2.86% |
Max Drawdown (10Y)Largest decline over 10 years | -49.90% | -52.76% | +2.86% |
Current DrawdownCurrent decline from peak | -32.66% | 0.00% | -32.66% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -51.75% | +30.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.00% | 8.05% | +7.95% |
Volatility
ISRG vs. NVMI - Volatility Comparison
The current volatility for Intuitive Surgical, Inc. (ISRG) is 9.70%, while Nova Ltd (NVMI) has a volatility of 24.56%. This indicates that ISRG experiences smaller price fluctuations and is considered to be less risky than NVMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISRG | NVMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 24.56% | -14.86% |
Volatility (6M)Calculated over the trailing 6-month period | 20.72% | 41.88% | -21.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.69% | 53.74% | -23.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.19% | 47.49% | -14.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.40% | 43.42% | -11.02% |
Dividends
ISRG vs. NVMI - Dividend Comparison
Neither ISRG nor NVMI has paid dividends to shareholders.
Financials
ISRG vs. NVMI - Financials Comparison
This section allows you to compare key financial metrics between Intuitive Surgical, Inc. and Nova Ltd. 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
ISRG vs. NVMI - Profitability Comparison
ISRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Intuitive Surgical, Inc. reported a gross profit of 1.83B and revenue of 2.77B. Therefore, the gross margin over that period was 66.1%.
NVMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nova Ltd reported a gross profit of 135.69M and revenue of 235.31M. Therefore, the gross margin over that period was 57.7%.
ISRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Intuitive Surgical, Inc. reported an operating income of 855.30M and revenue of 2.77B, resulting in an operating margin of 30.9%.
NVMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nova Ltd reported an operating income of 70.84M and revenue of 235.31M, resulting in an operating margin of 30.1%.
ISRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Intuitive Surgical, Inc. reported a net income of 821.50M and revenue of 2.77B, resulting in a net margin of 29.7%.
NVMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nova Ltd reported a net income of 69.26M and revenue of 235.31M, resulting in a net margin of 29.4%.
Frequently Asked Questions
ISRG and NVMI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVMI has higher volatility (24.56%) compared to ISRG (9.70%). In terms of maximum drawdown, ISRG dropped -82.26% vs NVMI's -98.22%.
NVMI currently has the higher Sharpe Ratio (2.91 vs -0.65), 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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