NMR vs. BAC

Last updated Apr 1, 2026

Compare and contrast key facts about Nomura Holdings, Inc. (NMR) and Bank of America Corporation (BAC).

Performance

NMR vs. BAC - Performance Comparison

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

NMR vs. BAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NMR Nomura Holdings, Inc.	-5.96%	54.10%	34.05%	21.84%	-10.28%	-18.76%	4.39%	38.71%	-36.08%	0.16%
BAC Bank of America Corporation	-10.86%	28.04%	33.85%	4.83%	-23.82%	49.61%	-11.63%	46.19%	-15.00%	35.69%

Fundamentals

Market Cap NMR : $23.93B BAC : $367.91B
EPS NMR : $118.00 BAC : $4.03
PE Ratio NMR : 0.07 BAC : 12.11
PEG Ratio NMR : 0.00 BAC : 0.59
PS Ratio NMR : 0.01 BAC : 1.97
PB Ratio NMR : 0.01 BAC : 1.33
Total Revenue (TTM) NMR : $4.38T BAC : $188.75B
Gross Profit (TTM) NMR : $1.80T BAC : $104.61B
EBITDA (TTM) NMR : $529.89B BAC : $36.61B

Returns By Period

In the year-to-date period, NMR achieves a -5.96% return, which is significantly higher than BAC's -10.86% return. Over the past 10 years, NMR has underperformed BAC with an annualized return of 8.44%, while BAC has yielded a comparatively higher 16.19% annualized return.

NMR

• 1D: 3.54%
• 1M: -12.33%
• YTD: -5.96%
• 6M: 8.53%
• 1Y: 31.36%
• 3Y*: 32.68%
• 5Y*: 11.40%
• 10Y*: 8.44%

BAC

• 1D: 3.22%
• 1M: -1.61%
• YTD: -10.86%
• 6M: -4.48%
• 1Y: 19.45%
• 3Y*: 22.60%
• 5Y*: 6.87%
• 10Y*: 16.19%

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

Return for Risk

NMR vs. BAC — Risk / Return Rank

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

NMR

NMR Risk / Return Rank: 70
NMR Sharpe Ratio Rank: 73
NMR Sortino Ratio Rank: 66
NMR Omega Ratio Rank: 67
NMR Calmar Ratio Rank: 70
NMR Martin Ratio Rank: 74

BAC

BAC Risk / Return Rank: 65
BAC Sharpe Ratio Rank: 68
BAC Sortino Ratio Rank: 58
BAC Omega Ratio Rank: 61
BAC Calmar Ratio Rank: 67
BAC Martin Ratio Rank: 69

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.

NMR vs. BAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Holdings, Inc. (NMR) and Bank of America Corporation (BAC). 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.

	NMR	BAC	Difference
Sharpe ratio Return per unit of total volatility	0.94	0.73	+0.22
Sortino ratio Return per unit of downside risk	1.40	1.06	+0.34
Omega ratio Gain probability vs. loss probability	1.20	1.16	+0.03
Calmar ratio Return relative to maximum drawdown	1.40	1.16	+0.23
Martin ratio Return relative to average drawdown	4.33	3.17	+1.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NMR vs. BAC - Sharpe Ratio Comparison

The current NMR Sharpe Ratio is 0.94, which is comparable to the BAC Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of NMR and BAC, 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

	NMR	BAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.94	0.73	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.26	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.53	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.20	-0.21

Correlation

The correlation between NMR and BAC is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NMR vs. BAC - Dividend Comparison

NMR's dividend yield for the trailing twelve months is around 2.20%, less than BAC's 2.26% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NMR Nomura Holdings, Inc.	2.20%	4.91%	4.29%	1.20%	3.86%	0.00%	0.86%	0.00%	0.00%	1.70%	1.79%	3.34%
BAC Bank of America Corporation	2.26%	1.96%	2.28%	2.73%	2.60%	1.75%	2.38%	1.87%	2.19%	1.32%	1.13%	1.19%

Drawdowns

NMR vs. BAC - Drawdown Comparison

The maximum NMR drawdown since its inception was -89.27%, roughly equal to the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for NMR and BAC.

Drawdown Indicators

	NMR	BAC	Difference
Max Drawdown Largest peak-to-trough decline	-89.27%	-93.10%	+3.83%
Max Drawdown (1Y) Largest decline over 1 year	-22.43%	-17.93%	-4.50%
Max Drawdown (5Y) Largest decline over 5 years	-44.70%	-46.64%	+1.94%
Max Drawdown (10Y) Largest decline over 10 years	-55.34%	-48.95%	-6.39%
Current Drawdown Current decline from peak	-61.24%	-14.37%	-46.87%
Average Drawdown Average peak-to-trough decline	-61.52%	-28.40%	-33.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.23%	6.57%	+0.66%

Volatility

NMR vs. BAC - Volatility Comparison

Nomura Holdings, Inc. (NMR) has a higher volatility of 11.62% compared to Bank of America Corporation (BAC) at 6.67%. This indicates that NMR's price experiences larger fluctuations and is considered to be riskier than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMR	BAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.62%	6.67%	+4.95%
Volatility (6M) Calculated over the trailing 6-month period	22.19%	16.72%	+5.47%
Volatility (1Y) Calculated over the trailing 1-year period	33.34%	26.82%	+6.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.32%	26.84%	+2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.00%	30.80%	+0.20%

Financials

NMR vs. BAC - Profitability Comparison

The chart below illustrates the profitability comparison between Nomura Holdings, Inc. and Bank of America Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

BAC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Bank of America Corporation reported a gross profit of 27.06B and revenue of 46.88B. Therefore, the gross margin over that period was 57.7%.

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%.

BAC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Bank of America Corporation reported an operating income of 9.62B and revenue of 46.88B, resulting in an operating margin of 20.5%.

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%.

BAC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Bank of America Corporation reported a net income of 7.65B and revenue of 46.88B, resulting in a net margin of 16.3%.