NGG vs. IX
NGG (National Grid plc) and IX (ORIX Corporation) are both stocks. NGG operates in Utilities - Regulated Electric (Utilities), while IX operates in Credit Services (Financial Services). Over the past 10 years, NGG returned 7.62%/yr vs 13.56%/yr for IX. At a 0.22 correlation, their price movements are largely independent.
Performance
NGG vs. IX - Performance Comparison
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Returns By Period
In the year-to-date period, NGG achieves a 8.59% return, which is significantly lower than IX's 32.34% return. Over the past 10 years, NGG has underperformed IX with an annualized return of 7.62%, while IX has yielded a comparatively higher 13.56% annualized return.
NGG
- 1D
- 0.39%
- 1M
- 4.16%
- YTD
- 8.59%
- 6M
- 12.09%
- 1Y
- 17.16%
- 3Y*
- 15.06%
- 5Y*
- 11.19%
- 10Y*
- 7.62%
IX
- 1D
- -0.10%
- 1M
- 5.51%
- YTD
- 32.34%
- 6M
- 34.13%
- 1Y
- 82.91%
- 3Y*
- 33.19%
- 5Y*
- 19.80%
- 10Y*
- 13.56%
NGG vs. IX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGG National Grid plc | 8.59% | 35.88% | -1.26% | 18.82% | -12.68% | 29.02% | -0.75% | 38.53% | -13.76% | 4.94% |
IX ORIX Corporation | 32.34% | 43.44% | 17.66% | 19.98% | -19.17% | 31.62% | -4.86% | 16.58% | -15.61% | 10.64% |
Correlation
The correlation between NGG and IX 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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.22 |
Fundamentals
NGG:
$81.45B
IX:
$42.01B
NGG:
£6.16
IX:
¥401.75
NGG:
9.92
IX:
15.42
NGG:
0.26
IX:
1.04
NGG:
1.70
IX:
2.07
NGG:
1.55
IX:
1.49
NGG:
£35.68B
IX:
¥3.34T
NGG:
£10.47B
IX:
¥1.17T
NGG:
£15.03B
IX:
¥1.27T
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Return for Risk
NGG vs. IX — Risk / Return Rank
NGG
IX
NGG vs. IX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Grid plc (NGG) and ORIX Corporation (IX). 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.
| NGG | IX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.51 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 4.00 | -2.79 |
| Martin ratioReturn relative to average drawdown | 3.27 | 11.49 | -8.22 |
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Drawdowns
NGG vs. IX - Drawdown Comparison
The maximum NGG drawdown since its inception was -54.85%, smaller than the maximum IX drawdown of -93.82%. Use the drawdown chart below to compare losses from any high point for NGG and IX.
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Drawdown Indicators
| NGG | IX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.85% | -93.82% | +38.97% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -20.33% | +6.18% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -24.34% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -39.20% | -37.67% | -1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -39.20% | -47.23% | +8.03% |
Current DrawdownCurrent decline from peak | -10.58% | -3.13% | -7.45% |
Average DrawdownAverage peak-to-trough decline | -13.40% | -44.93% | +31.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 7.07% | -1.87% |
Volatility
NGG vs. IX - Volatility Comparison
National Grid plc (NGG) has a higher volatility of 10.73% compared to ORIX Corporation (IX) at 9.27%. This indicates that NGG's price experiences larger fluctuations and is considered to be riskier than IX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NGG | IX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.73% | 9.27% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 17.38% | 22.55% | -5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.64% | 26.73% | -5.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.11% | 25.07% | -2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.11% | 25.70% | -2.59% |
Dividends
NGG vs. IX - Dividend Comparison
NGG's dividend yield for the trailing twelve months is around 3.96%, more than IX's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IX ORIX Corporation | 1.55% | 3.43% | 3.63% | 3.22% | 1.94% | 0.00% | 2.17% | 0.00% | 0.00% | 1.41% | 2.40% | 0.00% |
NGG National Grid plc | 3.96% | 4.03% | 11.81% | 5.20% | 5.18% | 4.75% | 5.32% | 4.94% | 6.51% | 14.95% | 5.07% | 4.73% |
Financials
NGG vs. IX - Financials Comparison
This section allows you to compare key financial metrics between National Grid plc and ORIX Corporation. 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
NGG vs. IX - Profitability Comparison
NGG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Grid plc reported a gross profit of 4.21B and revenue of 10.78B. Therefore, the gross margin over that period was 39.0%.
IX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ORIX Corporation reported a gross profit of 326.61B and revenue of 938.86B. Therefore, the gross margin over that period was 34.8%.
NGG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Grid plc reported an operating income of 4.21B and revenue of 10.78B, resulting in an operating margin of 39.0%.
IX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ORIX Corporation reported an operating income of 415.02B and revenue of 938.86B, resulting in an operating margin of 44.2%.
NGG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Grid plc reported a net income of 2.66B and revenue of 10.78B, resulting in a net margin of 24.7%.
IX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ORIX Corporation reported a net income of 58.65B and revenue of 938.86B, resulting in a net margin of 6.3%.
Frequently Asked Questions
NGG and IX 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.
NGG has higher volatility (10.73%) compared to IX (9.27%). In terms of maximum drawdown, NGG dropped -54.85% vs IX's -93.82%.
IX currently has the higher Sharpe Ratio (3.04 vs 0.79), 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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