NOK vs. MSFT

Last updated Jun 3, 2026

NOK (Nokia Corporation) and MSFT (Microsoft Corporation) are both stocks. Both are in the Technology sector — NOK in Communication Equipment, MSFT in Software - Infrastructure. Over the past 10 years, NOK returned 14.47%/yr vs 25.43%/yr for MSFT. At a 0.39 correlation, their price movements are largely independent.

Performance

NOK vs. MSFT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nokia Corporation (NOK) and Microsoft Corporation (MSFT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NOK achieves a 162.99% return, which is significantly higher than MSFT's -8.34% return. Over the past 10 years, NOK has underperformed MSFT with an annualized return of 14.47%, while MSFT has yielded a comparatively higher 25.43% annualized return.

NOK

• 1D: 3.69%
• 1M: 26.69%
• YTD: 162.99%
• 6M: 174.88%
• 1Y: 225.76%
• 3Y*: 65.99%
• 5Y*: 28.29%
• 10Y*: 14.47%

MSFT

• 1D: -4.17%
• 1M: 6.71%
• YTD: -8.34%
• 6M: -9.54%
• 1Y: -3.71%
• 3Y*: 10.44%
• 5Y*: 13.35%
• 10Y*: 25.43%

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

NOK vs. MSFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NOK Nokia Corporation	162.99%	50.85%	34.33%	-23.97%	-24.44%	59.08%	5.39%	-34.91%	30.04%	-0.22%
MSFT Microsoft Corporation	-8.34%	15.58%	12.93%	58.19%	-28.02%	52.48%	42.53%	57.56%	20.80%	40.73%

Correlation

The correlation between NOK and MSFT 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	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jan 4, 1994	0.39

Over the past year, the correlation between NOK and MSFT has dropped to 0.06 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

Fundamentals

Market Cap NOK : $96.43B MSFT : $3.29T
EPS NOK : $0.14 MSFT : $16.79
PE Ratio NOK : 117.52 MSFT : 26.28
PEG Ratio NOK : 4.01 MSFT : 1.84
PS Ratio NOK : 4.68 MSFT : 10.34
PB Ratio NOK : 4.55 MSFT : 7.93
Total Revenue (TTM) NOK : $20.00B MSFT : $318.27B
Gross Profit (TTM) NOK : $8.82B MSFT : $217.41B
EBITDA (TTM) NOK : $2.24B MSFT : $200.96B

Return for Risk

NOK vs. MSFT — Risk / Return Rank

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

NOK

NOK Risk / Return Rank: 97
NOK Sharpe Ratio Rank: 98
NOK Sortino Ratio Rank: 97
NOK Omega Ratio Rank: 96
NOK Calmar Ratio Rank: 97
NOK Martin Ratio Rank: 94

MSFT

MSFT Risk / Return Rank: 33
MSFT Sharpe Ratio Rank: 34
MSFT Sortino Ratio Rank: 28
MSFT Omega Ratio Rank: 29
MSFT Calmar Ratio Rank: 36
MSFT Martin Ratio Rank: 37

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.

NOK vs. MSFT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nokia Corporation (NOK) and Microsoft Corporation (MSFT). 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.

	NOK	MSFT	Difference
Sharpe ratio Return per unit of total volatility	4.47	-0.15	+4.62
Sortino ratio Return per unit of downside risk	5.03	-0.04	+5.06
Omega ratio Gain probability vs. loss probability	1.66	1.00	+0.66
Calmar ratio Return relative to maximum drawdown	9.41	-0.10	+9.51
Martin ratio Return relative to average drawdown	18.43	-0.21	+18.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NOK vs. MSFT - Sharpe Ratio Comparison

The current NOK Sharpe Ratio is 4.47, which is higher than the MSFT Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of NOK and MSFT, 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

	NOK	MSFT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.47	-0.15	+4.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.50	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.94	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.75	-0.55

Drawdowns

NOK vs. MSFT - Drawdown Comparison

The maximum NOK drawdown since its inception was -95.99%, which is greater than MSFT's maximum drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for NOK and MSFT.

Drawdown Indicators

	NOK	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-95.99%	-69.38%	-26.61%
Max Drawdown (1Y) Largest decline over 1 year	-24.59%	-33.91%	+9.32%
Max Drawdown (3Y) Largest decline over 3 years	-29.74%	-33.91%	+4.17%
Max Drawdown (5Y) Largest decline over 5 years	-50.56%	-37.15%	-13.41%
Max Drawdown (10Y) Largest decline over 10 years	-62.56%	-37.15%	-25.41%
Current Drawdown Current decline from peak	-43.18%	-18.07%	-25.11%
Average Drawdown Average peak-to-trough decline	-64.87%	-21.78%	-43.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.55%	15.90%	-3.35%

Volatility

NOK vs. MSFT - Volatility Comparison

Nokia Corporation (NOK) has a higher volatility of 23.89% compared to Microsoft Corporation (MSFT) at 9.31%. This indicates that NOK's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NOK	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.89%	9.31%	+14.58%
Volatility (6M) Calculated over the trailing 6-month period	37.32%	22.14%	+15.18%
Volatility (1Y) Calculated over the trailing 1-year period	50.83%	24.92%	+25.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.43%	26.59%	+9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.22%	27.03%	+13.19%

Dividends

NOK vs. MSFT - Dividend Comparison

NOK's dividend yield for the trailing twelve months is around 0.97%, more than MSFT's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSFT Microsoft Corporation	0.81%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
NOK Nokia Corporation	0.97%	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. MSFT - Profitability Comparison

The chart below illustrates the profitability comparison between Nokia Corporation and Microsoft Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NOK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nokia Corporation reported a gross profit of 1.99B and revenue of 4.50B. Therefore, the gross margin over that period was 44.2%.

MSFT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported a gross profit of 56.06B and revenue of 82.89B. Therefore, the gross margin over that period was 67.6%.

NOK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nokia Corporation reported an operating income of 63.00M and revenue of 4.50B, resulting in an operating margin of 1.4%.

MSFT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported an operating income of 38.40B and revenue of 82.89B, resulting in an operating margin of 46.3%.

NOK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nokia Corporation reported a net income of 86.00M and revenue of 4.50B, resulting in a net margin of 1.9%.

MSFT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported a net income of 31.78B and revenue of 82.89B, resulting in a net margin of 38.3%.

Frequently Asked Questions

Can I hold both NOK and MSFT in my portfolio?

NOK and MSFT 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, NOK or MSFT?

NOK has higher volatility (23.89%) compared to MSFT (9.31%). In terms of maximum drawdown, NOK dropped -95.99% vs MSFT's -69.38%.

Which has better risk-adjusted returns?

NOK currently has the higher Sharpe Ratio (4.47 vs -0.15), 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.