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NOVN.SW vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NOVN.SW vs. DGRO

Last updated Jun 5, 2026

NOVN.SW (Novartis AG) is a stock, while DGRO (iShares Core Dividend Growth ETF) is Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 10 years, NOVN.SW returned 9.98%/yr vs 11.14%/yr for DGRO. At a 0.33 correlation, their price movements are largely independent.

Performance

NOVN.SW vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in Novartis AG (NOVN.SW) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

NOVN.SW is traded in CHF, while DGRO is traded in USD. To make them comparable, the DGRO values have been converted to CHF using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with NOVN.SW having a 8.91% return and DGRO slightly higher at 9.11%. Over the past 10 years, NOVN.SW has underperformed DGRO with an annualized return of 9.98%, while DGRO has yielded a comparatively higher 11.14% annualized return.

NOVN.SW

1D
2.04%
1M
2.19%
YTD
8.91%
6M
11.93%
1Y
22.96%
3Y*
14.41%
5Y*
12.76%
10Y*
9.98%

DGRO

1D
0.01%
1M
5.61%
YTD
9.11%
6M
8.07%
1Y
18.37%
3Y*
11.92%
5Y*
8.11%
10Y*
11.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NOVN.SW vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NOVN.SW
Novartis AG		8.91%27.98%8.44%11.93%8.75%-0.11%-5.39%28.50%6.51%16.04%
DGRO
iShares Core Dividend Growth ETF		9.11%1.09%25.81%0.58%-6.65%30.38%0.26%27.66%-1.43%17.78%

Correlation

The correlation between NOVN.SW and DGRO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2014

0.33

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Novartis AG

iShares Core Dividend Growth ETF

Often compared with NOVN.SW:
NOVN.SW vs. NvoNOVN.SW vs. RHHBYNOVN.SW vs. NOVNOVN.SW vs. FLSWNOVN.SW vs. NESN.SWNOVN.SW vs. LLYNOVN.SW vs. VOO
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

NOVN.SW vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NOVN.SW
NOVN.SW Risk / Return Rank: 7575
Overall Rank
NOVN.SW Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
NOVN.SW Sortino Ratio Rank: 7272
Sortino Ratio Rank
NOVN.SW Omega Ratio Rank: 7272
Omega Ratio Rank
NOVN.SW Calmar Ratio Rank: 7777
Calmar Ratio Rank
NOVN.SW Martin Ratio Rank: 7777
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 7878
Overall Rank
DGRO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 8484
Sortino Ratio Rank
DGRO Omega Ratio Rank: 7878
Omega Ratio Rank
DGRO Calmar Ratio Rank: 7474
Calmar Ratio Rank
DGRO Martin Ratio Rank: 7676
Martin Ratio Rank
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.

NOVN.SW vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Novartis AG (NOVN.SW) and iShares Core Dividend Growth ETF (DGRO). 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.

NOVN.SWDGRODifference
Sharpe ratioReturn per unit of total volatility
1.34
1.69

-0.35

Sortino ratioReturn per unit of downside risk
1.80
2.27

-0.47

Omega ratioGain probability vs. loss probability

1.24

1.31

-0.07

Calmar ratioReturn relative to maximum drawdown

2.29

3.59

-1.29

Martin ratioReturn relative to average drawdown

5.53

12.46

-6.93

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NOVN.SW vs. DGRO - Sharpe Ratio Comparison

The current NOVN.SW Sharpe Ratio is 1.34, which is comparable to the DGRO Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of NOVN.SW and DGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

NOVN.SWDGRODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.34

1.69

-0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.54

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.61

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.59

-0.10

Drawdowns

NOVN.SW vs. DGRO - Drawdown Comparison

The maximum NOVN.SW drawdown since its inception was -42.25%, which is greater than DGRO's maximum drawdown of -34.81%. Use the drawdown chart below to compare losses from any high point for NOVN.SW and DGRO.

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Drawdown Indicators

NOVN.SWDGRODifference

Max Drawdown

Largest peak-to-trough decline

-42.25%

-34.81%

-7.44%

Max Drawdown (1Y)

Largest decline over 1 year

-10.78%

-5.15%

-5.63%

Max Drawdown (3Y)

Largest decline over 3 years

-16.86%

-20.39%

+3.53%

Max Drawdown (5Y)

Largest decline over 5 years

-16.86%

-20.39%

+3.53%

Max Drawdown (10Y)

Largest decline over 10 years

-24.11%

-34.81%

+10.70%

Current Drawdown

Current decline from peak

-8.53%

-0.04%

-8.49%

Average Drawdown

Average peak-to-trough decline

-11.40%

-4.56%

-6.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.43%

1.48%

+2.95%

Volatility

NOVN.SW vs. DGRO - Volatility Comparison

Novartis AG (NOVN.SW) has a higher volatility of 6.01% compared to iShares Core Dividend Growth ETF (DGRO) at 1.95%. This indicates that NOVN.SW's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NOVN.SWDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.01%

1.95%

+4.06%

Volatility (6M)

Calculated over the trailing 6-month period

13.12%

8.11%

+5.01%

Volatility (1Y)

Calculated over the trailing 1-year period

18.53%

10.95%

+7.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.81%

15.22%

+2.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.23%

18.22%

+0.01%

Dividends

NOVN.SW vs. DGRO - Dividend Comparison

NOVN.SW's dividend yield for the trailing twelve months is around 3.19%, more than DGRO's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRO
iShares Core Dividend Growth ETF		1.96%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%
NOVN.SW
Novartis AG		3.19%3.19%3.72%3.77%3.91%3.94%3.72%3.27%3.98%3.98%4.35%3.58%

Frequently Asked Questions

NOVN.SW and DGRO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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