NOK vs. SID
NOK (Nokia Corporation) and SID (Companhia Siderúrgica Nacional) are both stocks. NOK operates in Communication Equipment (Technology), while SID operates in Steel (Basic Materials). Over the past 10 years, NOK returned 14.37%/yr vs 0.09%/yr for SID. At a 0.31 correlation, their price movements are largely independent.
Performance
NOK vs. SID - Performance Comparison
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Returns By Period
In the year-to-date period, NOK achieves a 159.40% return, which is significantly higher than SID's -18.75% return. Over the past 10 years, NOK has outperformed SID with an annualized return of 14.37%, while SID has yielded a comparatively lower 0.09% annualized return.
NOK
- 1D
- -0.66%
- 1M
- 23.85%
- YTD
- 159.40%
- 6M
- 172.45%
- 1Y
- 215.38%
- 3Y*
- 65.50%
- 5Y*
- 27.94%
- 10Y*
- 14.37%
SID
- 1D
- -0.76%
- 1M
- -0.00%
- YTD
- -18.75%
- 6M
- -26.97%
- 1Y
- -12.16%
- 3Y*
- -17.45%
- 5Y*
- -26.13%
- 10Y*
- 0.09%
NOK vs. SID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOK Nokia Corporation | 159.40% | 50.85% | 34.33% | -23.97% | -24.44% | 59.08% | 5.39% | -34.91% | 30.04% | -0.22% |
SID Companhia Siderúrgica Nacional | -18.75% | 11.11% | -59.60% | 69.73% | -29.68% | -22.18% | 72.67% | 68.56% | -10.61% | -24.15% |
Correlation
The correlation between NOK and SID is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 1997 | 0.31 |
The correlation between NOK and SID shifts across timeframes, from 0.19 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NOK:
$95.11B
SID:
$1.72B
NOK:
$0.14
SID:
-$1.51
NOK:
4.61
SID:
0.04
NOK:
4.49
SID:
0.14
NOK:
$20.00B
SID:
$44.47B
NOK:
$8.82B
SID:
$12.14B
NOK:
$2.24B
SID:
$7.32B
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Return for Risk
NOK vs. SID — Risk / Return Rank
NOK
SID
NOK vs. SID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nokia Corporation (NOK) and Companhia Siderúrgica Nacional (SID). 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 | SID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.48 | ||
| Sortino ratioReturn per unit of downside risk | +4.83 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.01 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 8.82 | -0.26 | +9.07 |
| Martin ratioReturn relative to average drawdown | 17.24 | -0.56 | +17.80 |
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
| NOK | SID | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.26 | -0.22 | +4.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | -0.49 | +1.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.00 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.18 | +0.02 |
Drawdowns
NOK vs. SID - Drawdown Comparison
The maximum NOK drawdown since its inception was -95.99%, roughly equal to the maximum SID drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for NOK and SID.
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Drawdown Indicators
| NOK | SID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.99% | -95.79% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -24.59% | -47.64% | +23.05% |
Max Drawdown (3Y)Largest decline over 3 years | -29.74% | -69.41% | +39.67% |
Max Drawdown (5Y)Largest decline over 5 years | -50.56% | -82.09% | +31.53% |
Max Drawdown (10Y)Largest decline over 10 years | -62.56% | -82.86% | +20.30% |
Current DrawdownCurrent decline from peak | -43.96% | -87.56% | +43.60% |
Average DrawdownAverage peak-to-trough decline | -64.87% | -51.64% | -13.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.55% | 21.71% | -9.16% |
Volatility
NOK vs. SID - Volatility Comparison
Nokia Corporation (NOK) has a higher volatility of 23.89% compared to Companhia Siderúrgica Nacional (SID) at 21.94%. This indicates that NOK's price experiences larger fluctuations and is considered to be riskier than SID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOK | SID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.89% | 21.94% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 37.38% | 46.70% | -9.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.85% | 56.32% | -5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.43% | 53.36% | -16.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.20% | 59.63% | -19.43% |
Dividends
NOK vs. SID - Dividend Comparison
NOK's dividend yield for the trailing twelve months is around 0.99%, while SID has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOK Nokia Corporation | 0.99% | 2.45% | 3.17% | 3.51% | 1.32% | 0.00% | 0.00% | 3.01% | 4.06% | 4.07% | 6.02% | 2.22% |
SID Companhia Siderúrgica Nacional | 0.00% | 0.00% | 15.93% | 12.83% | 14.31% | 8.41% | 0.03% | 6.89% | 0.00% | 0.00% | 0.00% | 14.30% |
Financials
NOK vs. SID - Financials Comparison
This section allows you to compare key financial metrics between Nokia Corporation and Companhia Siderúrgica Nacional. 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. SID - Profitability Comparison
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%.
SID - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Companhia Siderúrgica Nacional reported a gross profit of 2.41B and revenue of 10.41B. Therefore, the gross margin over that period was 23.1%.
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%.
SID - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Companhia Siderúrgica Nacional reported an operating income of 803.82M and revenue of 10.41B, resulting in an operating margin of 7.7%.
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%.
SID - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Companhia Siderúrgica Nacional reported a net income of -604.01M and revenue of 10.41B, resulting in a net margin of -5.8%.
Frequently Asked Questions
NOK and SID have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOK has higher volatility (23.89%) compared to SID (21.94%). In terms of maximum drawdown, NOK dropped -95.99% vs SID's -95.79%.
NOK currently has the higher Sharpe Ratio (4.26 vs -0.22), 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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