NMR vs. BAC
NMR (Nomura Holdings, Inc.) and BAC (Bank of America Corporation) are both stocks. Both are in the Financial Services sector — NMR in Capital Markets, BAC in Banks - Diversified. Over the past 10 years, NMR returned 9.49%/yr vs 16.28%/yr for BAC. At a 0.33 correlation, their price movements are largely independent.
Performance
NMR vs. BAC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NMR achieves a -0.36% return, which is significantly higher than BAC's -4.19% return. Over the past 10 years, NMR has underperformed BAC with an annualized return of 9.49%, while BAC has yielded a comparatively higher 16.28% annualized return.
NMR
- 1D
- 0.12%
- 1M
- 7.59%
- YTD
- -0.36%
- 6M
- 7.87%
- 1Y
- 39.41%
- 3Y*
- 36.85%
- 5Y*
- 11.95%
- 10Y*
- 9.49%
BAC
- 1D
- -0.15%
- 1M
- 0.40%
- YTD
- -4.19%
- 6M
- -2.07%
- 1Y
- 20.00%
- 3Y*
- 25.09%
- 5Y*
- 6.37%
- 10Y*
- 16.28%
NMR vs. BAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMR Nomura Holdings, Inc. | -0.36% | 54.10% | 34.05% | 21.84% | -10.28% | -18.76% | 4.39% | 38.71% | -36.08% | 0.16% |
BAC Bank of America Corporation | -4.19% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
Correlation
The correlation between NMR and BAC is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 17, 1995 | 0.33 |
The correlation between NMR and BAC shifts across timeframes, from 0.33 (all time) to 0.43 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NMR:
$25.44B
BAC:
$388.68B
NMR:
$118.76
BAC:
$4.19
NMR:
0.07
BAC:
12.50
NMR:
0.00
BAC:
5.02
NMR:
0.01
BAC:
2.27
NMR:
0.01
BAC:
1.41
NMR:
$4.76T
BAC:
$174.85B
NMR:
$2.17T
BAC:
$110.47B
NMR:
$608.09B
BAC:
$41.74B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NMR vs. BAC — Risk / Return Rank
NMR
BAC
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 ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.17 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.12 | +0.65 |
| Martin ratioReturn relative to average drawdown | 4.55 | 2.89 | +1.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NMR | BAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.94 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.24 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.53 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.20 | -0.20 |
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.
Loading charts...
Drawdown Indicators
| NMR | BAC | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 (3Y)Largest decline over 3 years | -26.34% | -27.51% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -44.21% | -46.64% | +2.43% |
Max Drawdown (10Y)Largest decline over 10 years | -55.34% | -48.95% | -6.39% |
Current DrawdownCurrent decline from peak | -58.93% | -7.95% | -50.98% |
Average DrawdownAverage peak-to-trough decline | -61.51% | -28.32% | -33.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.69% | 6.93% | +1.76% |
Volatility
NMR vs. BAC - Volatility Comparison
Nomura Holdings, Inc. (NMR) has a higher volatility of 6.82% compared to Bank of America Corporation (BAC) at 6.22%. 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.
Loading charts...
Volatility by Period
| NMR | BAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 6.22% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 22.19% | 16.10% | +6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.15% | 21.33% | +7.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 26.85% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.67% | 30.68% | -0.01% |
Dividends
NMR vs. BAC - Dividend Comparison
NMR's dividend yield for the trailing twelve months is around 2.08%, which matches BAC's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.10% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
NMR Nomura Holdings, Inc. | 2.08% | 4.91% | 4.29% | 1.20% | 3.86% | 0.00% | 0.86% | 0.00% | 0.00% | 1.70% | 1.79% | 3.34% |
Financials
NMR vs. BAC - Financials Comparison
This section allows you to compare key financial metrics between Nomura Holdings, Inc. and Bank of America 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
NMR vs. BAC - Profitability Comparison
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%.
BAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported a gross profit of 28.94B and revenue of 30.27B. Therefore, the gross margin over that period was 95.6%.
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%.
BAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported an operating income of 10.40B and revenue of 30.27B, resulting in an operating margin of 34.4%.
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%.
BAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported a net income of 8.58B and revenue of 30.27B, resulting in a net margin of 28.4%.
Frequently Asked Questions
NMR and BAC have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMR has higher volatility (6.82%) compared to BAC (6.22%). In terms of maximum drawdown, NMR dropped -89.27% vs BAC's -93.10%.
NMR currently has the higher Sharpe Ratio (1.36 vs 0.94), 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.
Find the right allocation for NMR and BAC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer