NOVN.SW vs. ^GSPC
Compare and contrast key facts about Novartis AG (NOVN.SW) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOVN.SW or ^GSPC.
Correlation
The correlation between NOVN.SW and ^GSPC is 0.22, 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.
Performance
NOVN.SW vs. ^GSPC - Performance Comparison
Key characteristics
NOVN.SW:
0.22
^GSPC:
0.48
NOVN.SW:
0.58
^GSPC:
0.80
NOVN.SW:
1.09
^GSPC:
1.12
NOVN.SW:
0.43
^GSPC:
0.49
NOVN.SW:
1.05
^GSPC:
1.90
NOVN.SW:
6.89%
^GSPC:
4.90%
NOVN.SW:
19.88%
^GSPC:
19.37%
NOVN.SW:
-42.25%
^GSPC:
-56.78%
NOVN.SW:
-8.69%
^GSPC:
-7.82%
Returns By Period
In the year-to-date period, NOVN.SW achieves a 6.39% return, which is significantly higher than ^GSPC's -3.70% return. Over the past 10 years, NOVN.SW has underperformed ^GSPC with an annualized return of 5.51%, while ^GSPC has yielded a comparatively higher 10.43% annualized return.
NOVN.SW
6.39%
2.79%
1.47%
4.23%
7.25%
5.51%
^GSPC
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
NOVN.SW vs. ^GSPC — Risk-Adjusted Performance Rank
NOVN.SW
^GSPC
NOVN.SW vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Novartis AG (NOVN.SW) and S&P 500 (^GSPC). 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.
Drawdowns
NOVN.SW vs. ^GSPC - Drawdown Comparison
The maximum NOVN.SW drawdown since its inception was -42.25%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for NOVN.SW and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
NOVN.SW vs. ^GSPC - Volatility Comparison
Novartis AG (NOVN.SW) has a higher volatility of 11.85% compared to S&P 500 (^GSPC) at 11.21%. This indicates that NOVN.SW's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.