ITH.L vs. NWG.L
ITH.L (Ithaca Energy plc) and NWG.L (NatWest Group plc) are both stocks. ITH.L operates in Oil & Gas E&P (Energy), while NWG.L operates in Banks - Diversified (Financial Services). Over the past 3 years, ITH.L returned 35.69%/yr vs 40.80%/yr for NWG.L. At a 0.07 correlation, their price movements are largely independent.
Performance
ITH.L vs. NWG.L - Performance Comparison
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Returns By Period
In the year-to-date period, ITH.L achieves a 47.96% return, which is significantly higher than NWG.L's -3.92% return.
ITH.L
- 1D
- 0.25%
- 1M
- -6.49%
- YTD
- 47.96%
- 6M
- 42.14%
- 1Y
- 81.31%
- 3Y*
- 35.69%
- 5Y*
- —
- 10Y*
- —
NWG.L
- 1D
- 1.93%
- 1M
- 4.41%
- YTD
- -3.92%
- 6M
- 1.40%
- 1Y
- 22.18%
- 3Y*
- 40.80%
- 5Y*
- 30.65%
- 10Y*
- 14.60%
ITH.L vs. NWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ITH.L Ithaca Energy plc | 47.96% | 71.37% | -4.84% | -9.55% | -20.48% |
NWG.L NatWest Group plc | -3.92% | 71.03% | 95.51% | -11.95% | 11.90% |
Correlation
The correlation between ITH.L and NWG.L is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2022 | 0.07 |
The correlation between ITH.L and NWG.L shifts across timeframes, from -0.18 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ITH.L:
£3.93B
NWG.L:
£48.38B
ITH.L:
£0.14
NWG.L:
£0.74
ITH.L:
16.32
NWG.L:
8.16
ITH.L:
4.34
NWG.L:
0.31
ITH.L:
1.23
NWG.L:
1.64
ITH.L:
1.64
NWG.L:
1.11
ITH.L:
£3.20B
NWG.L:
£29.79B
ITH.L:
£1.23B
NWG.L:
£17.05B
ITH.L:
£1.94B
NWG.L:
£8.80B
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Return for Risk
ITH.L vs. NWG.L — Risk / Return Rank
ITH.L
NWG.L
ITH.L vs. NWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ithaca Energy plc (ITH.L) and NatWest Group plc (NWG.L). 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.
| ITH.L | NWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.14 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 0.92 | +1.62 |
| Martin ratioReturn relative to average drawdown | 5.51 | 2.35 | +3.16 |
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
| ITH.L | NWG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 0.68 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.08 | +0.31 |
Drawdowns
ITH.L vs. NWG.L - Drawdown Comparison
The maximum ITH.L drawdown since its inception was -46.25%, smaller than the maximum NWG.L drawdown of -98.15%. Use the drawdown chart below to compare losses from any high point for ITH.L and NWG.L.
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Drawdown Indicators
| ITH.L | NWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.25% | -98.15% | +51.90% |
Max Drawdown (1Y)Largest decline over 1 year | -33.11% | -22.06% | -11.05% |
Max Drawdown (3Y)Largest decline over 3 years | -40.23% | -32.06% | -8.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.08% | — |
Current DrawdownCurrent decline from peak | -17.23% | -83.67% | +66.44% |
Average DrawdownAverage peak-to-trough decline | -23.36% | -50.81% | +27.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.31% | 8.65% | +6.66% |
Volatility
ITH.L vs. NWG.L - Volatility Comparison
Ithaca Energy plc (ITH.L) has a higher volatility of 15.04% compared to NatWest Group plc (NWG.L) at 8.58%. This indicates that ITH.L's price experiences larger fluctuations and is considered to be riskier than NWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITH.L | NWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.04% | 8.58% | +6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 34.70% | 23.03% | +11.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.46% | 29.66% | +17.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.65% | 29.37% | +13.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.65% | 33.47% | +9.18% |
Dividends
ITH.L vs. NWG.L - Dividend Comparison
ITH.L's dividend yield for the trailing twelve months is around 9.56%, more than NWG.L's 5.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ITH.L Ithaca Energy plc | 9.56% | 13.85% | 24.95% | 14.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NWG.L NatWest Group plc | 5.40% | 3.84% | 4.35% | 7.06% | 10.35% | 2.66% | 0.00% | 10.40% | 0.92% |
Financials
ITH.L vs. NWG.L - Financials Comparison
This section allows you to compare key financial metrics between Ithaca Energy plc and NatWest Group plc. 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
ITH.L vs. NWG.L - Profitability Comparison
ITH.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ithaca Energy plc reported a gross profit of 439.32M and revenue of 949.88M. Therefore, the gross margin over that period was 46.3%.
NWG.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NatWest Group plc reported a gross profit of 4.36B and revenue of 7.39B. Therefore, the gross margin over that period was 59.0%.
ITH.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ithaca Energy plc reported an operating income of 426.89M and revenue of 949.88M, resulting in an operating margin of 44.9%.
NWG.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NatWest Group plc reported an operating income of 2.03B and revenue of 7.39B, resulting in an operating margin of 27.5%.
ITH.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ithaca Energy plc reported a net income of 65.96M and revenue of 949.88M, resulting in a net margin of 6.9%.
NWG.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NatWest Group plc reported a net income of 1.51B and revenue of 7.39B, resulting in a net margin of 20.4%.
Frequently Asked Questions
ITH.L and NWG.L have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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