NOK vs. ERIC
NOK (Nokia Corporation) and ERIC (Telefonaktiebolaget LM Ericsson (publ)) are both stocks. Both operate in the Communication Equipment industry within the Technology sector. Over the past 10 years, NOK returned 7.32%/yr vs 5.79%/yr for ERIC. Their 0.58 correlation means they have sometimes moved together and sometimes differently.
Performance
NOK vs. ERIC - Performance Comparison
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Returns By Period
In the year-to-date period, NOK achieves a 43.36% return, which is significantly higher than ERIC's 3.11% return. Over the past 10 years, NOK has outperformed ERIC with an annualized return of 7.32%, while ERIC has yielded a comparatively lower 5.79% annualized return.
NOK
- 1D
- 0.55%
- 1M
- -23.90%
- 6M
- 44.25%
- YTD
- 43.36%
- 1Y
- 130.28%
- 3Y*
- 36.45%
- 5Y*
- 11.29%
- 10Y*
- 7.32%
- ALL TIME*
- 6.93%
ERIC
- 1D
- 0.41%
- 1M
- -9.08%
- 6M
- -7.87%
- YTD
- 3.11%
- 1Y
- 39.83%
- 3Y*
- 29.69%
- 5Y*
- 0.49%
- 10Y*
- 5.79%
- ALL TIME*
- 4.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $143.89M | $174.55M | $138.11M | |
| $1.02B | $1.02B | $1.45B |
NOK vs. ERIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOK Nokia Corporation | 43.36% | 50.85% | 34.33% | -23.97% | -24.44% | 59.08% | 5.39% | -34.91% | 30.04% | -0.22% |
ERIC Telefonaktiebolaget LM Ericsson (publ) | 3.11% | 24.14% | 33.36% | 13.40% | -44.43% | -7.26% | 38.51% | 0.17% | 35.45% | 16.57% |
Correlation
The correlation between NOK and ERIC is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994 | 0.58 |
The correlation between NOK and ERIC has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.
Fundamentals
NOK:
$49.15B
ERIC:
$32.21B
NOK:
€0.13
ERIC:
SEK 7.34
NOK:
63.09
ERIC:
12.76
NOK:
2.15
ERIC:
0.00
NOK:
2.20
ERIC:
1.36
NOK:
2.17
ERIC:
3.00
NOK:
€20.27B
ERIC:
SEK 228.76B
NOK:
€9.00B
ERIC:
SEK 110.10B
NOK:
€2.15B
ERIC:
SEK 42.03B
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Return for Risk
NOK vs. ERIC — Risk / Return Rank
NOK
ERIC
NOK vs. ERIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nokia Corporation (NOK) and Telefonaktiebolaget LM Ericsson (publ) (ERIC). 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.
| NOK | ERIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 1.26 | +1.34 |
| Martin ratioReturn relative to average drawdown | 8.67 | 4.27 | +4.40 |
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Drawdowns
NOK vs. ERIC - Drawdown Comparison
The maximum NOK drawdown since its inception was -95.99%, roughly equal to the maximum ERIC drawdown of -98.59%. Use the drawdown chart below to compare losses from any high point for NOK and ERIC.
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Drawdown Indicators
| NOK | ERIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.99% | -98.59% | +2.60% |
Max Drawdown (1Y)Largest decline over 1 year | -49.84% | -32.24% | -17.60% |
Max Drawdown (3Y)Largest decline over 3 years | -49.84% | -32.24% | -17.60% |
Max Drawdown (5Y)Largest decline over 5 years | -50.56% | -62.82% | +12.26% |
Max Drawdown (10Y)Largest decline over 10 years | -62.56% | -66.59% | +4.03% |
Current DrawdownCurrent decline from peak | -69.03% | -86.03% | +17.00% |
Average DrawdownAverage peak-to-trough decline | -64.83% | -67.83% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.89% | 9.49% | +5.40% |
Volatility
NOK vs. ERIC - Volatility Comparison
Nokia Corporation (NOK) has a higher volatility of 21.89% compared to Telefonaktiebolaget LM Ericsson (publ) (ERIC) at 17.37%. This indicates that NOK's price experiences larger fluctuations and is considered to be riskier than ERIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOK | ERIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.89% | 17.37% | +4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 47.57% | 28.56% | +19.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.81% | 38.91% | +19.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.46% | 35.12% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.10% | 35.43% | +5.67% |
Dividends
NOK vs. ERIC - Dividend Comparison
NOK's dividend yield for the trailing twelve months is around 1.78%, less than ERIC's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIC Telefonaktiebolaget LM Ericsson (publ) | 3.19% | 3.04% | 3.22% | 4.07% | 4.22% | 2.15% | 1.36% | 1.24% | 1.42% | 1.67% | 5.14% | 5.30% |
NOK Nokia Corporation | 1.78% | 2.45% | 3.17% | 3.51% | 1.32% | 0.00% | 0.00% | 3.01% | 4.06% | 4.07% | 6.02% | 2.22% |
Financials
NOK vs. ERIC - Financials Comparison
This section allows you to compare key financial metrics between Nokia Corporation and Telefonaktiebolaget LM Ericsson (publ). 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
NOK vs. ERIC - Profitability Comparison
NOK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Nokia Corporation reported a gross profit of 2.15B and revenue of 4.82B. Therefore, the gross margin over that period was 44.6%.
ERIC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Telefonaktiebolaget LM Ericsson (publ) reported a gross profit of 26.27B and revenue of 54.32B. Therefore, the gross margin over that period was 48.4%.
NOK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Nokia Corporation reported an operating income of -50.00M and revenue of 4.82B, resulting in an operating margin of -1.0%.
ERIC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Telefonaktiebolaget LM Ericsson (publ) reported an operating income of 6.69B and revenue of 54.32B, resulting in an operating margin of 12.3%.
NOK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Nokia Corporation reported a net income of 2.00M and revenue of 4.82B, resulting in a net margin of 0.0%.
ERIC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Telefonaktiebolaget LM Ericsson (publ) reported a net income of 4.17B and revenue of 54.32B, resulting in a net margin of 7.7%.
Frequently Asked Questions
NOK and ERIC have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOK has higher volatility (21.89%) compared to ERIC (17.37%). In terms of maximum drawdown, NOK dropped -95.99% vs ERIC's -98.59%.
NOK currently has the higher Sharpe Ratio (2.20 vs 1.04), 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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