NOC vs. GEV

Last updated Jun 13, 2026

NOC (Northrop Grumman Corporation) and GEV (GE Vernova Inc.) are both stocks. Both are in the Industrials sector — NOC in Aerospace & Defense, GEV in Specialty Industrial Machinery. Over the past year, NOC returned 12.44% vs 93.31% for GEV. At a 0.04 correlation, their price movements are largely independent.

Performance

NOC vs. GEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northrop Grumman Corporation (NOC) and GE Vernova Inc. (GEV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NOC achieves a -2.75% return, which is significantly lower than GEV's 44.12% return.

NOC

• 1D: -0.40%
• 1M: 0.17%
• YTD: -2.75%
• 6M: -2.67%
• 1Y: 12.44%
• 3Y*: 8.64%
• 5Y*: 9.73%
• 10Y*: 11.53%

GEV

• 1D: 3.74%
• 1M: -11.47%
• YTD: 44.12%
• 6M: 40.23%
• 1Y: 93.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NOC vs. GEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NOC Northrop Grumman Corporation	-2.75%	23.61%	1.13%
GEV GE Vernova Inc.	44.12%	99.02%	186.24%

Correlation

The correlation between NOC and GEV is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024	0.04

Fundamentals

Market Cap NOC : $78.42B GEV : $255.86B
EPS NOC : $31.95 GEV : $34.12
PE Ratio NOC : 17.22 GEV : 27.57
PEG Ratio NOC : 2.54 GEV : 0.13
PS Ratio NOC : 1.86 GEV : 6.56
PB Ratio NOC : 4.58 GEV : 18.38
Total Revenue (TTM) NOC : $42.37B GEV : $39.38B
Gross Profit (TTM) NOC : $8.69B GEV : $7.85B
EBITDA (TTM) NOC : $7.50B GEV : $3.32B

Return for Risk

NOC vs. GEV — Risk / Return Rank

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

NOC

NOC Risk / Return Rank: 54
NOC Sharpe Ratio Rank: 59
NOC Sortino Ratio Rank: 53
NOC Omega Ratio Rank: 52
NOC Calmar Ratio Rank: 52
NOC Martin Ratio Rank: 54

GEV

GEV Risk / Return Rank: 88
GEV Sharpe Ratio Rank: 89
GEV Sortino Ratio Rank: 87
GEV Omega Ratio Rank: 84
GEV Calmar Ratio Rank: 89
GEV Martin Ratio Rank: 90

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.

NOC vs. GEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northrop Grumman Corporation (NOC) and GE Vernova Inc. (GEV). 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.

	NOC	GEV	Difference
Sharpe ratio: Return per unit of total volatility	0.47	1.91	-1.44
Sortino ratio: Return per unit of downside risk	0.87	2.68	-1.80
Omega ratio: Gain probability vs. loss probability	1.11	1.33	-0.22
Calmar ratio: Return relative to maximum drawdown	0.40	3.82	-3.42
Martin ratio: Return relative to average drawdown	1.02	11.27	-10.25

NOC vs. GEV - Sharpe Ratio Comparison

The current NOC Sharpe Ratio is 0.47, which is lower than the GEV Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of NOC and GEV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NOC vs. GEV - Drawdown Comparison

The maximum NOC drawdown since its inception was -71.12%, which is greater than GEV's maximum drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for NOC and GEV.

Drawdown Indicators

	NOC	GEV	Difference
Max Drawdown Largest peak-to-trough decline	-71.12%	-38.29%	-32.83%
Max Drawdown (1Y) Largest decline over 1 year	-31.20%	-24.57%	-6.63%
Max Drawdown (3Y) Largest decline over 3 years	-31.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.20%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.38%	—	—
Current Drawdown Current decline from peak	-28.03%	-18.17%	-9.86%
Average Drawdown Average peak-to-trough decline	-18.40%	-6.99%	-11.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.25%	8.31%	+3.94%

Volatility

NOC vs. GEV - Volatility Comparison

The current volatility for Northrop Grumman Corporation (NOC) is 7.39%, while GE Vernova Inc. (GEV) has a volatility of 13.17%. This indicates that NOC experiences smaller price fluctuations and is considered to be less risky than GEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NOC	GEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.39%	13.17%	-5.78%
Volatility (6M) Calculated over the trailing 6-month period	21.25%	34.45%	-13.20%
Volatility (1Y) Calculated over the trailing 1-year period	26.55%	49.09%	-22.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.28%	53.62%	-28.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.42%	53.62%	-28.20%

Dividends

NOC vs. GEV - Dividend Comparison

NOC's dividend yield for the trailing twelve months is around 1.71%, more than GEV's 0.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GEV GE Vernova Inc.	0.16%	0.11%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOC Northrop Grumman Corporation	1.71%	1.58%	1.72%	1.57%	1.24%	1.59%	1.86%	1.50%	1.92%	1.27%	1.50%	1.64%

Financials

NOC vs. GEV - Profitability Comparison

The chart below illustrates the profitability comparison between Northrop Grumman Corporation and GE Vernova Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NOC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported a gross profit of 1.96B and revenue of 9.88B. Therefore, the gross margin over that period was 19.8%.

GEV - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, GE Vernova Inc. reported a gross profit of 1.78B and revenue of 9.34B. Therefore, the gross margin over that period was 19.1%.

NOC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported an operating income of 989.00M and revenue of 9.88B, resulting in an operating margin of 10.0%.

GEV - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, GE Vernova Inc. reported an operating income of 179.00M and revenue of 9.34B, resulting in an operating margin of 1.9%.

NOC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported a net income of 875.00M and revenue of 9.88B, resulting in a net margin of 8.9%.

GEV - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, GE Vernova Inc. reported a net income of 4.75B and revenue of 9.34B, resulting in a net margin of 50.8%.

Frequently Asked Questions

Can I hold both NOC and GEV in my portfolio?

NOC and GEV have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NOC or GEV?

GEV has higher volatility (13.17%) compared to NOC (7.39%). In terms of maximum drawdown, NOC dropped -71.12% vs GEV's -38.29%.

Which has better risk-adjusted returns?

GEV currently has the higher Sharpe Ratio (1.91 vs 0.47), 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.