NOK vs. UAA

Last updated Apr 1, 2026

Compare and contrast key facts about Nokia Corporation (NOK) and Under Armour, Inc. (UAA).

Performance

NOK vs. UAA - Performance Comparison

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

NOK vs. UAA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NOK Nokia Corporation	24.94%	50.85%	34.33%	-23.97%	-24.44%	59.08%	5.39%	-34.91%	30.04%	-0.22%
UAA Under Armour, Inc.	18.91%	-39.98%	-5.80%	-13.48%	-52.05%	23.41%	-20.51%	22.24%	22.45%	-50.33%

Fundamentals

Market Cap NOK : $44.24B UAA : $2.51B
EPS NOK : $0.11 UAA : -$1.22
PS Ratio NOK : 2.31 UAA : 0.51
PB Ratio NOK : 2.11 UAA : 1.75
Total Revenue (TTM) NOK : $19.10B UAA : $4.98B
Gross Profit (TTM) NOK : $8.04B UAA : $2.32B
EBITDA (TTM) NOK : $1.94B UAA : -$45.77M

Returns By Period

In the year-to-date period, NOK achieves a 24.94% return, which is significantly higher than UAA's 18.91% return. Over the past 10 years, NOK has outperformed UAA with an annualized return of 6.06%, while UAA has yielded a comparatively lower -17.88% annualized return.

NOK

• 1D: 1.01%
• 1M: 4.15%
• YTD: 24.94%
• 6M: 68.98%
• 1Y: 57.36%
• 3Y*: 21.88%
• 5Y*: 17.73%
• 10Y*: 6.06%

UAA

• 1D: 4.42%
• 1M: -20.35%
• YTD: 18.91%
• 6M: 18.44%
• 1Y: -5.44%
• 3Y*: -14.60%
• 5Y*: -23.10%
• 10Y*: -17.88%

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

Return for Risk

NOK vs. UAA — Risk / Return Rank

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

NOK

NOK Risk / Return Rank: 80
NOK Sharpe Ratio Rank: 82
NOK Sortino Ratio Rank: 81
NOK Omega Ratio Rank: 81
NOK Calmar Ratio Rank: 82
NOK Martin Ratio Rank: 76

UAA

UAA Risk / Return Rank: 38
UAA Sharpe Ratio Rank: 37
UAA Sortino Ratio Rank: 37
UAA Omega Ratio Rank: 37
UAA Calmar Ratio Rank: 38
UAA Martin Ratio Rank: 38

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. UAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nokia Corporation (NOK) and Under Armour, Inc. (UAA). 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	UAA	Difference
Sharpe ratio Return per unit of total volatility	1.34	-0.10	+1.43
Sortino ratio Return per unit of downside risk	2.11	0.28	+1.83
Omega ratio Gain probability vs. loss probability	1.29	1.04	+0.25
Calmar ratio Return relative to maximum drawdown	2.41	-0.14	+2.55
Martin ratio Return relative to average drawdown	4.67	-0.25	+4.91
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. UAA - Sharpe Ratio Comparison

The current NOK Sharpe Ratio is 1.34, which is higher than the UAA Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of NOK and UAA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NOK	UAA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	-0.10	+1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	-0.45	+0.96
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	-0.35	+0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.06	+0.08

Correlation

The correlation between NOK and UAA is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NOK vs. UAA - Dividend Comparison

NOK's dividend yield for the trailing twelve months is around 2.03%, while UAA has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOK Nokia Corporation	2.03%	2.45%	3.17%	3.51%	1.32%	0.00%	0.00%	3.01%	4.06%	4.07%	6.02%	2.22%
UAA Under Armour, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NOK vs. UAA - Drawdown Comparison

The maximum NOK drawdown since its inception was -95.99%, roughly equal to the maximum UAA drawdown of -91.99%. Use the drawdown chart below to compare losses from any high point for NOK and UAA.

Drawdown Indicators

	NOK	UAA	Difference
Max Drawdown Largest peak-to-trough decline	-95.99%	-91.99%	-4.00%
Max Drawdown (1Y) Largest decline over 1 year	-24.59%	-43.42%	+18.83%
Max Drawdown (5Y) Largest decline over 5 years	-50.56%	-84.53%	+33.97%
Max Drawdown (10Y) Largest decline over 10 years	-62.56%	-91.13%	+28.57%
Current Drawdown Current decline from peak	-73.01%	-88.65%	+15.64%
Average Drawdown Average peak-to-trough decline	-64.91%	-45.34%	-19.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.68%	24.88%	-12.20%

Volatility

NOK vs. UAA - Volatility Comparison

Nokia Corporation (NOK) and Under Armour, Inc. (UAA) have volatilities of 10.86% and 11.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NOK	UAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.86%	11.02%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	35.86%	37.26%	-1.40%
Volatility (1Y) Calculated over the trailing 1-year period	43.08%	57.35%	-14.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.38%	52.04%	-17.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.11%	51.75%	-12.64%

Financials

NOK vs. UAA - Profitability Comparison

The chart below illustrates the profitability comparison between Nokia Corporation and Under Armour, Inc. 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 Apr 2026, Nokia Corporation reported a gross profit of 2.13B and revenue of 5.34B. Therefore, the gross margin over that period was 40.0%.

UAA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Under Armour, Inc. reported a gross profit of 589.74M and revenue of 1.33B. Therefore, the gross margin over that period was 44.4%.

NOK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Nokia Corporation reported an operating income of 1.31B and revenue of 5.34B, resulting in an operating margin of 24.5%.

UAA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Under Armour, Inc. reported an operating income of -149.78M and revenue of 1.33B, resulting in an operating margin of -11.3%.

NOK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Nokia Corporation reported a net income of 495.18M and revenue of 5.34B, resulting in a net margin of 9.3%.

UAA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Under Armour, Inc. reported a net income of -430.83M and revenue of 1.33B, resulting in a net margin of -32.5%.