MLNOV.PA vs. IBE.MC

Last updated Jun 5, 2026

MLNOV.PA (Novatech Industries) and IBE.MC (Iberdrola S.A.) are both stocks. MLNOV.PA operates in Electronic Components (Technology), while IBE.MC operates in Utilities - Diversified (Utilities). Over the past 3 years, MLNOV.PA returned 35.24%/yr vs 24.44%/yr for IBE.MC. At a correlation of -0.00, they often move in opposite directions.

Performance

MLNOV.PA vs. IBE.MC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Novatech Industries (MLNOV.PA) and Iberdrola S.A. (IBE.MC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MLNOV.PA achieves a -5.05% return, which is significantly lower than IBE.MC's 7.42% return.

MLNOV.PA

• 1D: 0.00%
• 1M: 5.62%
• YTD: -5.05%
• 6M: -1.05%
• 1Y: 67.86%
• 3Y*: 35.24%
• 5Y*: —
• 10Y*: —

IBE.MC

• 1D: 0.31%
• 1M: -0.96%
• YTD: 7.42%
• 6M: 10.38%
• 1Y: 27.39%
• 3Y*: 24.44%
• 5Y*: 18.00%
• 10Y*: 17.37%

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

MLNOV.PA vs. IBE.MC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MLNOV.PA Novatech Industries	-5.05%	88.57%	28.83%	63.00%
IBE.MC Iberdrola S.A.	7.42%	44.88%	17.42%	13.52%

Correlation

The correlation between MLNOV.PA and IBE.MC is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Jan 2, 2023	-0.00

Return for Risk

MLNOV.PA vs. IBE.MC — Risk / Return Rank

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

MLNOV.PA

MLNOV.PA Risk / Return Rank: 77
MLNOV.PA Sharpe Ratio Rank: 66
MLNOV.PA Sortino Ratio Rank: 69
MLNOV.PA Omega Ratio Rank: 80
MLNOV.PA Calmar Ratio Rank: 83
MLNOV.PA Martin Ratio Rank: 86

IBE.MC

IBE.MC Risk / Return Rank: 85
IBE.MC Sharpe Ratio Rank: 86
IBE.MC Sortino Ratio Rank: 83
IBE.MC Omega Ratio Rank: 84
IBE.MC Calmar Ratio Rank: 87
IBE.MC Martin Ratio Rank: 85

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.

MLNOV.PA vs. IBE.MC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Novatech Industries (MLNOV.PA) and Iberdrola S.A. (IBE.MC). 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.

	MLNOV.PA	IBE.MC	Difference
Sharpe ratio: Return per unit of total volatility	0.80	1.87	-1.07
Sortino ratio: Return per unit of downside risk	1.68	2.51	-0.83
Omega ratio: Gain probability vs. loss probability	1.31	1.35	-0.04
Calmar ratio: Return relative to maximum drawdown	3.06	3.92	-0.86
Martin ratio: Return relative to average drawdown	9.44	8.65	+0.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MLNOV.PA vs. IBE.MC - Sharpe Ratio Comparison

The current MLNOV.PA Sharpe Ratio is 0.80, which is lower than the IBE.MC Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of MLNOV.PA and IBE.MC, 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

	MLNOV.PA	IBE.MC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.87	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.52	+0.28

Drawdowns

MLNOV.PA vs. IBE.MC - Drawdown Comparison

The maximum MLNOV.PA drawdown since its inception was -49.59%, smaller than the maximum IBE.MC drawdown of -71.21%. Use the drawdown chart below to compare losses from any high point for MLNOV.PA and IBE.MC.

Drawdown Indicators

	MLNOV.PA	IBE.MC	Difference
Max Drawdown Largest peak-to-trough decline	-49.59%	-71.21%	+21.62%
Max Drawdown (1Y) Largest decline over 1 year	-21.83%	-6.98%	-14.85%
Max Drawdown (3Y) Largest decline over 3 years	-43.75%	-16.42%	-27.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.27%	—
Current Drawdown Current decline from peak	-5.05%	-4.44%	-0.61%
Average Drawdown Average peak-to-trough decline	-12.34%	-16.76%	+4.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.12%	3.18%	+3.94%

Volatility

MLNOV.PA vs. IBE.MC - Volatility Comparison

Novatech Industries (MLNOV.PA) has a higher volatility of 11.17% compared to Iberdrola S.A. (IBE.MC) at 3.86%. This indicates that MLNOV.PA's price experiences larger fluctuations and is considered to be riskier than IBE.MC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MLNOV.PA	IBE.MC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.17%	3.86%	+7.31%
Volatility (6M) Calculated over the trailing 6-month period	40.36%	11.12%	+29.24%
Volatility (1Y) Calculated over the trailing 1-year period	83.60%	14.67%	+68.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	137.42%	18.57%	+118.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	137.42%	19.98%	+117.44%

Dividends

MLNOV.PA vs. IBE.MC - Dividend Comparison

MLNOV.PA has not paid dividends to shareholders, while IBE.MC's dividend yield for the trailing twelve months is around 3.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBE.MC Iberdrola S.A.	3.45%	3.49%	4.23%	4.22%	4.11%	4.05%	3.42%	3.82%	4.65%	4.83%	2.52%	2.20%
MLNOV.PA Novatech Industries	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both MLNOV.PA and IBE.MC in my portfolio?

MLNOV.PA and IBE.MC have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.