NOC vs. USD
NOC (Northrop Grumman Corporation) is a stock, while USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 10 years, NOC returned 11.12%/yr vs 62.16%/yr for USD. At a 0.27 correlation, their price movements are largely independent.
Performance
NOC vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, NOC achieves a -7.04% return, which is significantly lower than USD's 114.00% return. Over the past 10 years, NOC has underperformed USD with an annualized return of 11.12%, while USD has yielded a comparatively higher 62.16% annualized return.
NOC
- 1D
- -1.96%
- 1M
- -6.81%
- YTD
- -7.04%
- 6M
- -4.20%
- 1Y
- 9.44%
- 3Y*
- 7.60%
- 5Y*
- 8.60%
- 10Y*
- 11.12%
USD
- 1D
- -1.14%
- 1M
- 44.53%
- YTD
- 114.00%
- 6M
- 111.06%
- 1Y
- 274.62%
- 3Y*
- 127.67%
- 5Y*
- 69.52%
- 10Y*
- 62.16%
NOC vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOC Northrop Grumman Corporation | -7.04% | 23.61% | 1.93% | -12.79% | 43.02% | 29.29% | -9.92% | 42.69% | -18.95% | 33.88% |
USD ProShares Ultra Semiconductors | 114.00% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between NOC and USD is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.27 |
The correlation between NOC and USD shifts across timeframes, from -0.16 (3 years) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NOC vs. USD — Risk / Return Rank
NOC
USD
NOC vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northrop Grumman Corporation (NOC) and ProShares Ultra Semiconductors (USD). 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.
| NOC | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.17 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.51 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 8.70 | -8.39 |
| Martin ratioReturn relative to average drawdown | 0.84 | 25.16 | -24.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NOC | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 4.53 | -4.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.91 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.90 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.49 | -0.04 |
Drawdowns
NOC vs. USD - Drawdown Comparison
The maximum NOC drawdown since its inception was -71.12%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for NOC and USD.
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Drawdown Indicators
| NOC | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.12% | -88.63% | +17.51% |
Max Drawdown (1Y)Largest decline over 1 year | -31.20% | -31.80% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -31.20% | -64.46% | +33.26% |
Max Drawdown (5Y)Largest decline over 5 years | -31.20% | -77.85% | +46.65% |
Max Drawdown (10Y)Largest decline over 10 years | -36.38% | -77.85% | +41.47% |
Current DrawdownCurrent decline from peak | -31.20% | -1.14% | -30.06% |
Average DrawdownAverage peak-to-trough decline | -18.40% | -32.35% | +13.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.28% | 10.97% | +0.31% |
Volatility
NOC vs. USD - Volatility Comparison
The current volatility for Northrop Grumman Corporation (NOC) is 6.34%, while ProShares Ultra Semiconductors (USD) has a volatility of 20.36%. This indicates that NOC experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOC | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.34% | 20.36% | -14.02% |
Volatility (6M)Calculated over the trailing 6-month period | 20.85% | 46.39% | -25.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.20% | 61.22% | -35.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.26% | 76.55% | -51.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.39% | 69.23% | -43.84% |
Dividends
NOC vs. USD - Dividend Comparison
NOC's dividend yield for the trailing twelve months is around 1.79%, more than USD's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOC Northrop Grumman Corporation | 1.79% | 1.58% | 1.72% | 1.57% | 1.24% | 1.59% | 1.86% | 1.50% | 1.92% | 1.27% | 1.50% | 1.64% |
USD ProShares Ultra Semiconductors | 0.21% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
NOC and USD 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.
USD has higher volatility (20.36%) compared to NOC (6.34%). In terms of maximum drawdown, NOC dropped -71.12% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (4.53 vs 0.36), 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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