MUFG vs. NMR
MUFG (Mitsubishi UFJ Financial Group, Inc.) and NMR (Nomura Holdings, Inc.) are both stocks. Both are in the Financial Services sector — MUFG in Banks - Diversified, NMR in Capital Markets. Over the past 10 years, MUFG returned 18.71%/yr vs 10.79%/yr for NMR. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
MUFG vs. NMR - Performance Comparison
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Returns By Period
In the year-to-date period, MUFG achieves a 32.91% return, which is significantly higher than NMR's 6.91% return. Over the past 10 years, MUFG has outperformed NMR with an annualized return of 18.71%, while NMR has yielded a comparatively lower 10.79% annualized return.
MUFG
- 1D
- 1.59%
- 1M
- 7.55%
- YTD
- 32.91%
- 6M
- 33.93%
- 1Y
- 58.27%
- 3Y*
- 48.74%
- 5Y*
- 35.61%
- 10Y*
- 18.71%
NMR
- 1D
- -1.43%
- 1M
- 10.06%
- YTD
- 6.91%
- 6M
- 8.86%
- 1Y
- 46.72%
- 3Y*
- 36.59%
- 5Y*
- 15.34%
- 10Y*
- 10.79%
MUFG vs. NMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUFG Mitsubishi UFJ Financial Group, Inc. | 32.91% | 39.96% | 40.10% | 33.50% | 27.37% | 25.70% | -15.99% | 11.50% | -33.01% | 20.99% |
NMR Nomura Holdings, Inc. | 6.91% | 54.10% | 34.05% | 21.84% | -10.28% | -18.76% | 4.39% | 38.71% | -36.08% | 0.16% |
Correlation
The correlation between MUFG and NMR is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2001 | 0.63 |
The correlation between MUFG and NMR has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
Fundamentals
MUFG:
$235.79B
NMR:
$27.30B
MUFG:
¥214.15
NMR:
¥118.76
MUFG:
15.86
NMR:
12.18
MUFG:
0.58
NMR:
0.30
MUFG:
2.93
NMR:
0.93
MUFG:
1.70
NMR:
1.19
MUFG:
¥13.21T
NMR:
¥4.76T
MUFG:
¥7.24T
NMR:
¥2.17T
MUFG:
¥3.34T
NMR:
¥608.09B
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Return for Risk
MUFG vs. NMR — Risk / Return Rank
MUFG
NMR
MUFG vs. NMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mitsubishi UFJ Financial Group, Inc. (MUFG) 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.
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.
| MUFG | NMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.28 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 2.09 | +1.30 |
| Martin ratioReturn relative to average drawdown | 9.50 | 5.28 | +4.23 |
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Drawdowns
MUFG vs. NMR - Drawdown Comparison
The maximum MUFG drawdown since its inception was -76.75%, smaller than the maximum NMR drawdown of -89.27%. Use the drawdown chart below to compare losses from any high point for MUFG and NMR.
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Drawdown Indicators
| MUFG | NMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.75% | -89.27% | +12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -17.28% | -22.43% | +5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -26.56% | -26.34% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -32.81% | -40.69% | +7.88% |
Max Drawdown (10Y)Largest decline over 10 years | -57.62% | -55.34% | -2.28% |
Current DrawdownCurrent decline from peak | 0.00% | -55.93% | +55.93% |
Average DrawdownAverage peak-to-trough decline | -43.50% | -61.49% | +17.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 8.88% | -2.73% |
Volatility
MUFG vs. NMR - Volatility Comparison
The current volatility for Mitsubishi UFJ Financial Group, Inc. (MUFG) is 5.72%, while Nomura Holdings, Inc. (NMR) has a volatility of 7.42%. This indicates that MUFG experiences smaller price fluctuations and is considered to be less risky than NMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUFG | NMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 7.42% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 22.36% | -3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.80% | 29.70% | -3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.03% | 29.69% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.86% | 30.69% | -2.83% |
Dividends
MUFG vs. NMR - Dividend Comparison
MUFG's dividend yield for the trailing twelve months is around 1.07%, less than NMR's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUFG Mitsubishi UFJ Financial Group, Inc. | 1.07% | 3.12% | 2.50% | 2.90% | 3.36% | 2.18% | 2.62% | 0.00% | 0.00% | 2.20% | 2.70% | 2.34% |
NMR Nomura Holdings, Inc. | 1.94% | 4.91% | 4.29% | 1.20% | 3.86% | 0.00% | 0.86% | 0.00% | 0.00% | 1.70% | 1.79% | 3.34% |
Financials
MUFG vs. NMR - Financials Comparison
This section allows you to compare key financial metrics between Mitsubishi UFJ Financial Group, Inc. and Nomura Holdings, Inc.. 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
MUFG vs. NMR - Profitability Comparison
MUFG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mitsubishi UFJ Financial Group, Inc. reported a gross profit of 2.09T and revenue of 3.59T. Therefore, the gross margin over that period was 58.3%.
NMR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nomura Holdings, Inc. reported a gross profit of 723.15B and revenue of 1.36T. Therefore, the gross margin over that period was 53.2%.
MUFG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mitsubishi UFJ Financial Group, Inc. reported an operating income of 841.39B and revenue of 3.59T, resulting in an operating margin of 23.4%.
NMR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nomura Holdings, Inc. reported an operating income of 107.67B and revenue of 1.36T, resulting in an operating margin of 7.9%.
MUFG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mitsubishi UFJ Financial Group, Inc. reported a net income of 624.99B and revenue of 3.59T, resulting in a net margin of 17.4%.
NMR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nomura Holdings, Inc. reported a net income of 73.93B and revenue of 1.36T, resulting in a net margin of 5.4%.
Frequently Asked Questions
MUFG and NMR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMR has higher volatility (7.42%) compared to MUFG (5.72%). In terms of maximum drawdown, MUFG dropped -76.75% vs NMR's -89.27%.
MUFG currently has the higher Sharpe Ratio (2.27 vs 1.59), 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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