NMR vs. MFG

Last updated Apr 2, 2026

Compare and contrast key facts about Nomura Holdings, Inc. (NMR) and Mizuho Financial Group, Inc. (MFG).

Performance

NMR vs. MFG - Performance Comparison

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

NMR vs. MFG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NMR Nomura Holdings, Inc.	-2.86%	54.10%	34.05%	21.84%	-10.28%	-18.76%	4.39%	38.71%	-36.08%	0.16%
MFG Mizuho Financial Group, Inc.	14.48%	54.60%	47.85%	26.14%	17.09%	2.40%	-15.06%	3.00%	-17.58%	3.21%

Fundamentals

Market Cap NMR : $24.72B MFG : $103.94B
EPS NMR : $118.00 MFG : $84.66
PE Ratio NMR : 0.07 MFG : 0.10
PEG Ratio NMR : 0.00 MFG : 0.01
PS Ratio NMR : 0.01 MFG : 0.01
PB Ratio NMR : 0.01 MFG : 0.01
Total Revenue (TTM) NMR : $4.38T MFG : $8.35T
Gross Profit (TTM) NMR : $1.80T MFG : $2.86T
EBITDA (TTM) NMR : $529.89B MFG : $1.34T

Returns By Period

In the year-to-date period, NMR achieves a -2.86% return, which is significantly lower than MFG's 14.48% return. Over the past 10 years, NMR has underperformed MFG with an annualized return of 8.80%, while MFG has yielded a comparatively higher 14.11% annualized return.

NMR

• 1D: 3.30%
• 1M: -5.78%
• YTD: -2.86%
• 6M: 14.15%
• 1Y: 36.80%
• 3Y*: 34.12%
• 5Y*: 12.12%
• 10Y*: 8.80%

MFG

• 1D: 5.54%
• 1M: -3.34%
• YTD: 14.48%
• 6M: 28.73%
• 1Y: 56.20%
• 3Y*: 48.19%
• 5Y*: 28.15%
• 10Y*: 14.11%

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

Return for Risk

NMR vs. MFG — Risk / Return Rank

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

NMR

NMR Risk / Return Rank: 72
NMR Sharpe Ratio Rank: 76
NMR Sortino Ratio Rank: 68
NMR Omega Ratio Rank: 70
NMR Calmar Ratio Rank: 71
NMR Martin Ratio Rank: 76

MFG

MFG Risk / Return Rank: 81
MFG Sharpe Ratio Rank: 85
MFG Sortino Ratio Rank: 78
MFG Omega Ratio Rank: 82
MFG Calmar Ratio Rank: 79
MFG Martin Ratio Rank: 81

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. MFG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Holdings, Inc. (NMR) and Mizuho Financial Group, Inc. (MFG). 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	MFG	Difference
Sharpe ratio Return per unit of total volatility	1.10	1.60	-0.49
Sortino ratio Return per unit of downside risk	1.57	2.02	-0.45
Omega ratio Gain probability vs. loss probability	1.22	1.31	-0.09
Calmar ratio Return relative to maximum drawdown	1.59	2.19	-0.60
Martin ratio Return relative to average drawdown	4.90	6.59	-1.69
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. MFG - Sharpe Ratio Comparison

The current NMR Sharpe Ratio is 1.10, which is lower than the MFG Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of NMR and MFG, 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	MFG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	1.60	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.97	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.53	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.00	-0.01

Correlation

The correlation between NMR and MFG is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NMR vs. MFG - Dividend Comparison

NMR's dividend yield for the trailing twelve months is around 2.13%, more than MFG's 1.11% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NMR Nomura Holdings, Inc.	2.13%	4.91%	4.29%	1.20%	3.86%	0.00%	0.86%	0.00%	0.00%	1.70%	1.79%	3.34%
MFG Mizuho Financial Group, Inc.	1.11%	2.68%	3.20%	3.73%	4.34%	2.76%	2.71%	0.00%	0.00%	1.86%	3.77%	3.10%

Drawdowns

NMR vs. MFG - Drawdown Comparison

The maximum NMR drawdown since its inception was -89.27%, which is greater than MFG's maximum drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for NMR and MFG.

Drawdown Indicators

	NMR	MFG	Difference
Max Drawdown Largest peak-to-trough decline	-89.27%	-80.57%	-8.70%
Max Drawdown (1Y) Largest decline over 1 year	-22.43%	-24.78%	+2.35%
Max Drawdown (5Y) Largest decline over 5 years	-44.70%	-29.53%	-15.17%
Max Drawdown (10Y) Largest decline over 10 years	-55.34%	-49.87%	-5.47%
Current Drawdown Current decline from peak	-59.96%	-16.95%	-43.01%
Average Drawdown Average peak-to-trough decline	-61.52%	-61.33%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.28%	8.22%	-0.94%

Volatility

NMR vs. MFG - Volatility Comparison

Nomura Holdings, Inc. (NMR) and Mizuho Financial Group, Inc. (MFG) have volatilities of 10.64% and 10.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMR	MFG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.64%	10.51%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	22.42%	22.80%	-0.38%
Volatility (1Y) Calculated over the trailing 1-year period	33.49%	35.41%	-1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.35%	29.09%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.01%	26.54%	+4.47%

Financials

NMR vs. MFG - Profitability Comparison

The chart below illustrates the profitability comparison between Nomura Holdings, Inc. and Mizuho Financial Group, Inc. 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%.

MFG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Mizuho Financial Group, Inc. reported a gross profit of 0.00 and revenue of 2.25T. Therefore, the gross margin over that period was 0.0%.

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%.

MFG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Mizuho Financial Group, Inc. reported an operating income of 414.14B and revenue of 2.25T, resulting in an operating margin of 18.4%.

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%.

MFG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Mizuho Financial Group, Inc. reported a net income of 335.90B and revenue of 2.25T, resulting in a net margin of 14.9%.