MFG vs. NMR

Last updated Apr 2, 2026

Compare and contrast key facts about Mizuho Financial Group, Inc. (MFG) and Nomura Holdings, Inc. (NMR).

Performance

MFG vs. NMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mizuho Financial Group, Inc. (MFG) and Nomura Holdings, Inc. (NMR). The values are adjusted to include any dividend payments, if applicable.

MFG vs. NMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MFG Mizuho Financial Group, Inc.	14.48%	54.60%	47.85%	26.14%	17.09%	2.40%	-15.06%	3.00%	-17.58%	3.21%
NMR Nomura Holdings, Inc.	-2.86%	54.10%	34.05%	21.84%	-10.28%	-18.76%	4.39%	38.71%	-36.08%	0.16%

Fundamentals

Market Cap MFG : $103.94B NMR : $24.72B
EPS MFG : $84.66 NMR : $118.00
PE Ratio MFG : 0.10 NMR : 0.07
PEG Ratio MFG : 0.01 NMR : 0.00
PS Ratio MFG : 0.01 NMR : 0.01
PB Ratio MFG : 0.01 NMR : 0.01
Total Revenue (TTM) MFG : $8.35T NMR : $4.38T
Gross Profit (TTM) MFG : $2.86T NMR : $1.80T
EBITDA (TTM) MFG : $1.34T NMR : $529.89B

Returns By Period

In the year-to-date period, MFG achieves a 14.48% return, which is significantly higher than NMR's -2.86% return. Over the past 10 years, MFG has outperformed NMR with an annualized return of 14.11%, while NMR has yielded a comparatively lower 8.80% annualized return.

MFG

• 1D: 5.54%
• 1M: -3.34%
• YTD: 14.48%
• 6M: 28.73%
• 1Y: 56.20%
• 3Y*: 48.19%
• 5Y*: 28.15%
• 10Y*: 14.11%

NMR

• 1D: 3.30%
• 1M: -5.78%
• YTD: -2.86%
• 6M: 14.15%
• 1Y: 36.80%
• 3Y*: 34.12%
• 5Y*: 12.12%
• 10Y*: 8.80%

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

Return for Risk

MFG vs. NMR — Risk / Return Rank

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

MFG

MFG Risk / Return Rank: 81
MFG Sharpe Ratio Rank: 85
MFG Sortino Ratio Rank: 78
MFG Omega Ratio Rank: 82
MFG Calmar Ratio Rank: 79
MFG Martin Ratio Rank: 81

NMR

NMR Risk / Return Rank: 72
NMR Sharpe Ratio Rank: 76
NMR Sortino Ratio Rank: 68
NMR Omega Ratio Rank: 70
NMR Calmar Ratio Rank: 71
NMR 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.

MFG vs. NMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mizuho Financial Group, Inc. (MFG) and Nomura Holdings, Inc. (NMR). 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.

	MFG	NMR	Difference
Sharpe ratio Return per unit of total volatility	1.60	1.10	+0.49
Sortino ratio Return per unit of downside risk	2.02	1.57	+0.45
Omega ratio Gain probability vs. loss probability	1.31	1.22	+0.09
Calmar ratio Return relative to maximum drawdown	2.19	1.59	+0.60
Martin ratio Return relative to average drawdown	6.59	4.90	+1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MFG vs. NMR - Sharpe Ratio Comparison

The current MFG Sharpe Ratio is 1.60, which is higher than the NMR Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of MFG and NMR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MFG	NMR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	1.10	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.41	+0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.28	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	-0.01	+0.01

Correlation

The correlation between MFG and NMR is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MFG vs. NMR - Dividend Comparison

MFG's dividend yield for the trailing twelve months is around 1.11%, less than NMR's 2.13% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFG Mizuho Financial Group, Inc.	1.11%	2.68%	3.20%	3.73%	4.34%	2.76%	2.71%	0.00%	0.00%	1.86%	3.77%	3.10%
NMR Nomura Holdings, Inc.	2.13%	4.91%	4.29%	1.20%	3.86%	0.00%	0.86%	0.00%	0.00%	1.70%	1.79%	3.34%

Drawdowns

MFG vs. NMR - Drawdown Comparison

The maximum MFG drawdown since its inception was -80.57%, smaller than the maximum NMR drawdown of -89.27%. Use the drawdown chart below to compare losses from any high point for MFG and NMR.

Drawdown Indicators

	MFG	NMR	Difference
Max Drawdown Largest peak-to-trough decline	-80.57%	-89.27%	+8.70%
Max Drawdown (1Y) Largest decline over 1 year	-24.78%	-22.43%	-2.35%
Max Drawdown (5Y) Largest decline over 5 years	-29.53%	-44.70%	+15.17%
Max Drawdown (10Y) Largest decline over 10 years	-49.87%	-55.34%	+5.47%
Current Drawdown Current decline from peak	-16.95%	-59.96%	+43.01%
Average Drawdown Average peak-to-trough decline	-61.33%	-61.52%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.22%	7.28%	+0.94%

Volatility

MFG vs. NMR - Volatility Comparison

Mizuho Financial Group, Inc. (MFG) and Nomura Holdings, Inc. (NMR) have volatilities of 10.51% and 10.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MFG	NMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.51%	10.64%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	22.80%	22.42%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	35.41%	33.49%	+1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.09%	29.35%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.54%	31.01%	-4.47%

Financials

MFG vs. NMR - Profitability Comparison

The chart below illustrates the profitability comparison between Mizuho Financial Group, Inc. and Nomura Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MFG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Mizuho Financial Group, Inc. reported a gross profit of 0.00 and revenue of 2.25T. Therefore, the gross margin over that period was 0.0%.

NMR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Nomura Holdings, Inc. reported a gross profit of 497.76B and revenue of 1.17T. Therefore, the gross margin over that period was 42.4%.

MFG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Mizuho Financial Group, Inc. reported an operating income of 414.14B and revenue of 2.25T, resulting in an operating margin of 18.4%.

NMR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Nomura Holdings, Inc. reported an operating income of 135.22B and revenue of 1.17T, resulting in an operating margin of 11.5%.

MFG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Mizuho Financial Group, Inc. reported a net income of 335.90B and revenue of 2.25T, resulting in a net margin of 14.9%.

NMR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Nomura Holdings, Inc. reported a net income of 91.55B and revenue of 1.17T, resulting in a net margin of 7.8%.