NOC vs. V

Last updated Jun 9, 2026

NOC (Northrop Grumman Corporation) and V (Visa Inc.) are both stocks. NOC operates in Aerospace & Defense (Industrials), while V operates in Credit Services (Financial Services). Over the past 10 years, NOC returned 11.31%/yr vs 15.64%/yr for V. At a 0.34 correlation, their price movements are largely independent.

Performance

NOC vs. V - Performance Comparison

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

Returns By Period

In the year-to-date period, NOC achieves a -4.43% return, which is significantly higher than V's -8.47% return. Over the past 10 years, NOC has underperformed V with an annualized return of 11.31%, while V has yielded a comparatively higher 15.64% annualized return.

NOC

• 1D: -0.66%
• 1M: -1.15%
• YTD: -4.43%
• 6M: -1.56%
• 1Y: 12.23%
• 3Y*: 7.76%
• 5Y*: 9.49%
• 10Y*: 11.31%

V

• 1D: -1.21%
• 1M: 0.48%
• YTD: -8.47%
• 6M: -1.79%
• 1Y: -12.97%
• 3Y*: 13.52%
• 5Y*: 7.39%
• 10Y*: 15.64%

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

NOC vs. V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NOC Northrop Grumman Corporation	-4.43%	23.61%	1.93%	-12.79%	43.02%	29.29%	-9.92%	42.69%	-18.95%	33.88%
V Visa Inc.	-8.47%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%

Correlation

The correlation between NOC and V is 0.06, 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	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Mar 19, 2008	0.34

Over the past year, the correlation between NOC and V has dropped to 0.06 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

Fundamentals

EPS NOC : $31.95 V : $15.24
PE Ratio NOC : 16.93 V : 20.98
PEG Ratio NOC : 2.50 V : 1.29
PS Ratio NOC : 1.83 V : 10.84
Total Revenue (TTM) NOC : $42.37B V : $43.03B
Gross Profit (TTM) NOC : $8.69B V : $16.94B
EBITDA (TTM) NOC : $7.50B V : $27.63B

Return for Risk

NOC vs. V — Risk / Return Rank

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

NOC

NOC Risk / Return Rank: 53
NOC Sharpe Ratio Rank: 58
NOC Sortino Ratio Rank: 52
NOC Omega Ratio Rank: 51
NOC Calmar Ratio Rank: 51
NOC Martin Ratio Rank: 53

V

V Risk / Return Rank: 17
V Sharpe Ratio Rank: 16
V Sortino Ratio Rank: 16
V Omega Ratio Rank: 17
V Calmar Ratio Rank: 18
V Martin Ratio Rank: 16

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. V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northrop Grumman Corporation (NOC) and Visa Inc. (V). 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	V	Difference
Sharpe ratio: Return per unit of total volatility	0.47	-0.58	+1.05
Sortino ratio: Return per unit of downside risk	0.86	-0.72	+1.58
Omega ratio: Gain probability vs. loss probability	1.11	0.91	+0.20
Calmar ratio: Return relative to maximum drawdown	0.39	-0.64	+1.03
Martin ratio: Return relative to average drawdown	1.05	-1.18	+2.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NOC vs. V - Sharpe Ratio Comparison

The current NOC Sharpe Ratio is 0.47, which is higher than the V Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of NOC and V, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NOC	V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	-0.58	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.33	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.64	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.69	-0.23

Drawdowns

NOC vs. V - Drawdown Comparison

The maximum NOC drawdown since its inception was -71.12%, which is greater than V's maximum drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for NOC and V.

Drawdown Indicators

	NOC	V	Difference
Max Drawdown Largest peak-to-trough decline	-71.12%	-51.90%	-19.22%
Max Drawdown (1Y) Largest decline over 1 year	-31.20%	-20.38%	-10.82%
Max Drawdown (3Y) Largest decline over 3 years	-31.20%	-20.38%	-10.82%
Max Drawdown (5Y) Largest decline over 5 years	-31.20%	-28.60%	-2.60%
Max Drawdown (10Y) Largest decline over 10 years	-36.38%	-36.36%	-0.02%
Current Drawdown Current decline from peak	-29.27%	-13.69%	-15.58%
Average Drawdown Average peak-to-trough decline	-18.40%	-8.26%	-10.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.72%	11.03%	+0.69%

Volatility

NOC vs. V - Volatility Comparison

Northrop Grumman Corporation (NOC) has a higher volatility of 7.22% compared to Visa Inc. (V) at 5.74%. This indicates that NOC's price experiences larger fluctuations and is considered to be riskier than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NOC	V	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.22%	5.74%	+1.48%
Volatility (6M) Calculated over the trailing 6-month period	21.13%	17.50%	+3.63%
Volatility (1Y) Calculated over the trailing 1-year period	26.48%	22.32%	+4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.27%	22.80%	+2.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.42%	24.47%	+0.95%

Dividends

NOC vs. V - Dividend Comparison

NOC's dividend yield for the trailing twelve months is around 1.74%, more than V's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOC Northrop Grumman Corporation	1.74%	1.58%	1.72%	1.57%	1.24%	1.59%	1.86%	1.50%	1.92%	1.27%	1.50%	1.64%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Financials

NOC vs. V - Profitability Comparison

The chart below illustrates the profitability comparison between Northrop Grumman Corporation and Visa 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%.

V - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported a gross profit of -8.90B and revenue of 11.23B. Therefore, the gross margin over that period was -79.3%.

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%.

V - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported an operating income of 7.23B and revenue of 11.23B, resulting in an operating margin of 64.4%.

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%.

V - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported a net income of 6.02B and revenue of 11.23B, resulting in a net margin of 53.6%.

Frequently Asked Questions

Can I hold both NOC and V in my portfolio?

NOC and V have a correlation of 0.06, 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 V?

NOC has higher volatility (7.22%) compared to V (5.74%). In terms of maximum drawdown, NOC dropped -71.12% vs V's -51.90%.

Which has better risk-adjusted returns?

NOC currently has the higher Sharpe Ratio (0.47 vs -0.58), 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.