NOC vs. DEF
Compare and contrast key facts about Northrop Grumman Corporation (NOC) and Invesco Defensive Equity ETF (DEF).
DEF is a passively managed fund by Invesco that tracks the performance of the Invesco Defensive Equity Index. It was launched on Dec 15, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOC or DEF.
Correlation
The correlation between NOC and DEF is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NOC vs. DEF - Performance Comparison
Key characteristics
Returns By Period
NOC
1.29%
-6.69%
-8.09%
-1.38%
8.68%
13.28%
DEF
N/A
N/A
N/A
N/A
N/A
N/A
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Risk-Adjusted Performance
NOC vs. DEF — Risk-Adjusted Performance Rank
NOC
DEF
NOC vs. DEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northrop Grumman Corporation (NOC) and Invesco Defensive Equity ETF (DEF). 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.
Dividends
NOC vs. DEF - Dividend Comparison
NOC's dividend yield for the trailing twelve months is around 1.74%, while DEF has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOC Northrop Grumman Corporation | 1.74% | 1.72% | 1.57% | 1.24% | 1.59% | 1.86% | 1.50% | 1.92% | 1.27% | 1.50% | 1.64% | 1.84% |
DEF Invesco Defensive Equity ETF | 0.00% | 0.00% | 1.60% | 1.48% | 1.06% | 1.34% | 1.16% | 1.39% | 0.16% | 0.34% | 0.31% | 2.55% |
Drawdowns
NOC vs. DEF - Drawdown Comparison
Volatility
NOC vs. DEF - Volatility Comparison
Northrop Grumman Corporation (NOC) has a higher volatility of 16.88% compared to Invesco Defensive Equity ETF (DEF) at 0.00%. This indicates that NOC's price experiences larger fluctuations and is considered to be riskier than DEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.