NOC vs. UNH
NOC (Northrop Grumman Corporation) and UNH (UnitedHealth Group Incorporated) are both stocks. NOC operates in Aerospace & Defense (Industrials), while UNH operates in Healthcare Plans (Healthcare). Over the past 10 years, NOC returned 11.53%/yr vs 13.32%/yr for UNH. At a 0.23 correlation, their price movements are largely independent.
Performance
NOC vs. UNH - Performance Comparison
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Returns By Period
In the year-to-date period, NOC achieves a -2.75% return, which is significantly lower than UNH's 24.71% return. Over the past 10 years, NOC has underperformed UNH with an annualized return of 11.53%, while UNH has yielded a comparatively higher 13.32% annualized 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%
UNH
- 1D
- 0.73%
- 1M
- 1.83%
- YTD
- 24.71%
- 6M
- 20.44%
- 1Y
- 31.88%
- 3Y*
- -4.10%
- 5Y*
- 2.27%
- 10Y*
- 13.32%
NOC vs. UNH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOC Northrop Grumman Corporation | -2.75% | 23.61% | 1.93% | -12.79% | 43.02% | 29.29% | -9.92% | 42.69% | -18.95% | 33.88% |
UNH UnitedHealth Group Incorporated | 24.71% | -33.14% | -2.41% | 0.80% | 6.94% | 45.20% | 21.25% | 20.00% | 14.52% | 39.83% |
Correlation
The correlation between NOC and UNH is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.23 |
The correlation between NOC and UNH shifts across timeframes, from 0.14 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NOC:
$78.42B
UNH:
$371.75B
NOC:
$31.95
UNH:
$13.23
NOC:
17.22
UNH:
30.88
NOC:
1.86
UNH:
0.83
NOC:
4.58
UNH:
3.58
NOC:
$42.37B
UNH:
$449.71B
NOC:
$8.69B
UNH:
$84.55B
NOC:
$7.50B
UNH:
$22.99B
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Return for Risk
NOC vs. UNH — Risk / Return Rank
NOC
UNH
NOC vs. UNH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northrop Grumman Corporation (NOC) and UnitedHealth Group Incorporated (UNH). 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 | UNH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.11 | -0.71 |
| Martin ratioReturn relative to average drawdown | 1.02 | 2.43 | -1.41 |
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Drawdowns
NOC vs. UNH - Drawdown Comparison
The maximum NOC drawdown since its inception was -71.12%, roughly equal to the maximum UNH drawdown of -74.37%. Use the drawdown chart below to compare losses from any high point for NOC and UNH.
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Drawdown Indicators
| NOC | UNH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.12% | -74.37% | +3.25% |
Max Drawdown (1Y)Largest decline over 1 year | -31.20% | -28.96% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -31.20% | -61.39% | +30.19% |
Max Drawdown (5Y)Largest decline over 5 years | -31.20% | -61.39% | +30.19% |
Max Drawdown (10Y)Largest decline over 10 years | -36.38% | -61.39% | +25.01% |
Current DrawdownCurrent decline from peak | -28.03% | -32.27% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -18.40% | -14.77% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.25% | 13.19% | -0.94% |
Volatility
NOC vs. UNH - Volatility Comparison
Northrop Grumman Corporation (NOC) and UnitedHealth Group Incorporated (UNH) have volatilities of 7.39% and 7.60%, 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.
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Volatility by Period
| NOC | UNH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 7.60% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 21.25% | 30.86% | -9.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.55% | 40.10% | -13.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.28% | 31.87% | -6.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 30.18% | -4.76% |
Dividends
NOC vs. UNH - Dividend Comparison
NOC's dividend yield for the trailing twelve months is around 1.71%, less than UNH's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UNH UnitedHealth Group Incorporated | 2.16% | 2.64% | 1.62% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% |
Financials
NOC vs. UNH - Financials Comparison
This section allows you to compare key financial metrics between Northrop Grumman Corporation and UnitedHealth Group Incorporated. 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
NOC vs. UNH - Profitability Comparison
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%.
UNH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported a gross profit of 25.41B and revenue of 111.72B. Therefore, the gross margin over that period was 22.7%.
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%.
UNH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported an operating income of 8.99B and revenue of 111.72B, resulting in an operating margin of 8.1%.
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%.
UNH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported a net income of 6.28B and revenue of 111.72B, resulting in a net margin of 5.6%.
Frequently Asked Questions
NOC and UNH have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNH has higher volatility (7.60%) compared to NOC (7.39%). In terms of maximum drawdown, NOC dropped -71.12% vs UNH's -74.37%.
UNH currently has the higher Sharpe Ratio (0.80 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.
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