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

NOVN.SW vs. IWM

Last updated Jun 5, 2026

NOVN.SW (Novartis AG) is a stock, while IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past 10 years, NOVN.SW returned 9.98%/yr vs 8.70%/yr for IWM. At a 0.27 correlation, their price movements are largely independent.

Performance

NOVN.SW vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in Novartis AG (NOVN.SW) and iShares Russell 2000 ETF (IWM). 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 IWM is traded in USD. To make them comparable, the IWM values have been converted to CHF using the latest available exchange rates.

Returns By Period

In the year-to-date period, NOVN.SW achieves a 8.91% return, which is significantly lower than IWM's 16.30% return. Over the past 10 years, NOVN.SW has outperformed IWM with an annualized return of 9.98%, while IWM has yielded a comparatively lower 8.70% 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%

IWM

1D
1.18%
1M
2.84%
YTD
16.30%
6M
12.58%
1Y
31.59%
3Y*
11.92%
5Y*
3.07%
10Y*
8.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NOVN.SW vs. IWM - 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%
IWM
iShares Russell 2000 ETF		16.30%-1.56%20.17%6.37%-19.40%17.91%9.91%23.26%-10.26%9.72%

Correlation

The correlation between NOVN.SW and IWM is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.13

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

0.11

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

0.13

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

0.21

Correlation (All Time)
Calculated using the full available price history since Sep 3, 2007

0.27

The correlation between NOVN.SW and IWM shifts across timeframes, from 0.11 (3 years) to 0.27 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Novartis AG

iShares Russell 2000 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 IWM:
IWM vs. SPYIWM vs. VTWOIWM vs. IJRIWM vs. AVUVIWM vs. IWNIWM vs. VOOIWM vs. IWO

Return for Risk

NOVN.SW vs. IWM — 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
IWM
IWM Risk / Return Rank: 6363
Overall Rank
IWM Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
IWM Sortino Ratio Rank: 6060
Sortino Ratio Rank
IWM Omega Ratio Rank: 5454
Omega Ratio Rank
IWM Calmar Ratio Rank: 7171
Calmar Ratio Rank
IWM Martin Ratio Rank: 6868
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. IWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Novartis AG (NOVN.SW) and iShares Russell 2000 ETF (IWM). 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.SWIWMDifference
Sharpe ratioReturn per unit of total volatility
1.34
1.61

-0.28

Sortino ratioReturn per unit of downside risk
1.80
2.21

-0.40

Omega ratioGain probability vs. loss probability

1.24

1.28

-0.04

Calmar ratioReturn relative to maximum drawdown

2.29

3.06

-0.76

Martin ratioReturn relative to average drawdown

5.53

9.46

-3.93

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. IWM - Sharpe Ratio Comparison

The current NOVN.SW Sharpe Ratio is 1.34, which is comparable to the IWM Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of NOVN.SW and IWM, 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.SWIWMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.34

1.61

-0.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.13

+0.59

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.36

+0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.23

+0.26

Drawdowns

NOVN.SW vs. IWM - Drawdown Comparison

The maximum NOVN.SW drawdown since its inception was -42.25%, smaller than the maximum IWM drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for NOVN.SW and IWM.

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Drawdown Indicators

NOVN.SWIWMDifference

Max Drawdown

Largest peak-to-trough decline

-42.25%

-59.27%

+17.02%

Max Drawdown (1Y)

Largest decline over 1 year

-10.78%

-10.39%

-0.39%

Max Drawdown (3Y)

Largest decline over 3 years

-16.86%

-30.83%

+13.97%

Max Drawdown (5Y)

Largest decline over 5 years

-16.86%

-32.20%

+15.34%

Max Drawdown (10Y)

Largest decline over 10 years

-24.11%

-41.77%

+17.66%

Current Drawdown

Current decline from peak

-8.53%

-1.69%

-6.84%

Average Drawdown

Average peak-to-trough decline

-11.40%

-14.73%

+3.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.43%

3.35%

+1.08%

Volatility

NOVN.SW vs. IWM - Volatility Comparison

Novartis AG (NOVN.SW) has a higher volatility of 6.01% compared to iShares Russell 2000 ETF (IWM) at 5.68%. This indicates that NOVN.SW's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NOVN.SWIWMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.01%

5.68%

+0.33%

Volatility (6M)

Calculated over the trailing 6-month period

13.12%

13.84%

-0.72%

Volatility (1Y)

Calculated over the trailing 1-year period

18.53%

19.73%

-1.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.81%

23.20%

-5.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.23%

24.15%

-5.92%

Dividends

NOVN.SW vs. IWM - Dividend Comparison

NOVN.SW's dividend yield for the trailing twelve months is around 3.19%, more than IWM's 0.89% yield.

PositionTTM20252024202320222021202020192018201720162015
IWM
iShares Russell 2000 ETF		0.89%1.04%1.15%1.35%1.48%0.94%1.04%1.26%1.40%1.26%1.38%1.54%
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 IWM have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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