NOVN.SW vs. V

Last updated Jun 13, 2026

NOVN.SW (Novartis AG) and V (Visa Inc.) are both stocks. NOVN.SW operates in Drug Manufacturers - General (Healthcare), while V operates in Credit Services (Financial Services). Over the past 10 years, NOVN.SW returned 12.72%/yr vs 13.79%/yr for V. At a 0.26 correlation, their price movements are largely independent.

Performance

NOVN.SW vs. V - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in Novartis AG (NOVN.SW) and Visa Inc. (V). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NOVN.SW is traded in CHF, while V is traded in USD. To make them comparable, the V 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 14.78% return, which is significantly higher than V's -7.31% return. Over the past 10 years, NOVN.SW has underperformed V with an annualized return of 12.72%, while V has yielded a comparatively higher 13.79% annualized return.

NOVN.SW

• 1D: 0.44%
• 1M: 4.52%
• YTD: 14.78%
• 6M: 19.24%
• 1Y: 28.27%
• 3Y*: 21.71%
• 5Y*: 16.36%
• 10Y*: 12.72%

V

• 1D: 1.25%
• 1M: 2.54%
• YTD: -7.31%
• 6M: -6.83%
• 1Y: -13.99%
• 3Y*: 9.12%
• 5Y*: 4.79%
• 10Y*: 13.79%

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

NOVN.SW vs. V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NOVN.SW Novartis AG	14.78%	27.98%	8.44%	28.10%	8.50%	-0.33%	-5.58%	28.24%	6.26%	15.78%
V Visa Inc.	-7.31%	-2.35%	31.96%	15.00%	-2.08%	2.62%	7.25%	40.89%	17.62%	40.93%

Correlation

The correlation between NOVN.SW and V is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Mar 19, 2008	0.26

The correlation between NOVN.SW and V shifts across timeframes, from 0.15 (3 years) to 0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NOVN.SW vs. V — 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: 80
NOVN.SW Sharpe Ratio Rank: 84
NOVN.SW Sortino Ratio Rank: 78
NOVN.SW Omega Ratio Rank: 78
NOVN.SW Calmar Ratio Rank: 82
NOVN.SW Martin Ratio Rank: 81

V

V Risk / Return Rank: 15
V Sharpe Ratio Rank: 18
V Sortino Ratio Rank: 17
V Omega Ratio Rank: 18
V Calmar Ratio Rank: 15
V Martin Ratio Rank: 5

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. V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Novartis AG (NOVN.SW) and Visa Inc. (V). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NOVN.SW	V	Difference
Sharpe ratio: Return per unit of total volatility	1.54	-0.61	+2.14
Sortino ratio: Return per unit of downside risk	2.05	-0.74	+2.79
Omega ratio: Gain probability vs. loss probability	1.27	0.91	+0.36
Calmar ratio: Return relative to maximum drawdown	2.66	-0.75	+3.41
Martin ratio: Return relative to average drawdown	6.32	-1.36	+7.68

NOVN.SW vs. V - Sharpe Ratio Comparison

The current NOVN.SW Sharpe Ratio is 1.54, which is higher than the V Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of NOVN.SW and V, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NOVN.SW vs. V - Drawdown Comparison

The maximum NOVN.SW drawdown since its inception was -42.59%, smaller than the maximum V drawdown of -47.96%. Use the drawdown chart below to compare losses from any high point for NOVN.SW and V.

Drawdown Indicators

	NOVN.SW	V	Difference
Max Drawdown Largest peak-to-trough decline	-42.59%	-47.96%	+5.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.78%	-18.78%	+8.00%
Max Drawdown (3Y) Largest decline over 3 years	-16.86%	-27.37%	+10.51%
Max Drawdown (5Y) Largest decline over 5 years	-16.86%	-27.37%	+10.51%
Max Drawdown (10Y) Largest decline over 10 years	-24.26%	-36.32%	+12.06%
Current Drawdown Current decline from peak	-3.61%	-20.77%	+17.16%
Average Drawdown Average peak-to-trough decline	-11.45%	-10.01%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	12.68%	-8.15%

Volatility

NOVN.SW vs. V - Volatility Comparison

Novartis AG (NOVN.SW) and Visa Inc. (V) have volatilities of 5.72% and 5.54%, 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

	NOVN.SW	V	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.72%	5.54%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	13.24%	18.28%	-5.04%
Volatility (1Y) Calculated over the trailing 1-year period	18.68%	23.21%	-4.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.91%	23.85%	-4.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.77%	25.68%	-6.91%

Dividends

NOVN.SW vs. V - Dividend Comparison

NOVN.SW's dividend yield for the trailing twelve months is around 3.03%, more than V's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOVN.SW Novartis AG	3.03%	3.19%	3.72%	3.77%	3.71%	3.74%	3.53%	3.10%	3.77%	3.78%	4.12%	3.39%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Financials

Frequently Asked Questions

Can I hold both NOVN.SW and V in my portfolio?

NOVN.SW and V have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.