NOW vs. MSFT.NEO
NOW (ServiceNow, Inc) and MSFT.NEO (Microsoft Corp CDR) are both stocks. Both are in the Technology sector — NOW in Software - Application, MSFT.NEO in Software - Infrastructure. Over the past 3 years, NOW returned -2.71%/yr vs 2.25%/yr for MSFT.NEO. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
NOW vs. MSFT.NEO - Performance Comparison
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Different Trading Currencies
NOW is traded in USD, while MSFT.NEO is traded in CAD. To make them comparable, the MSFT.NEO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NOW achieves a -32.01% return, which is significantly lower than MSFT.NEO's -19.49% return.
NOW
- 1D
- 1.96%
- 1M
- 9.55%
- YTD
- -32.01%
- 6M
- -31.95%
- 1Y
- -47.33%
- 3Y*
- -2.71%
- 5Y*
- 0.41%
- 10Y*
- 21.87%
MSFT.NEO
- 1D
- 2.32%
- 1M
- -6.65%
- YTD
- -19.49%
- 6M
- -17.72%
- 1Y
- -19.35%
- 3Y*
- 2.25%
- 5Y*
- —
- 10Y*
- —
NOW vs. MSFT.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NOW ServiceNow, Inc | -32.01% | -27.75% | 50.05% | 81.96% | -40.18% | 5.04% |
MSFT.NEO Microsoft Corp CDR | -19.49% | 17.99% | 2.58% | 60.15% | -33.47% | 15.43% |
Correlation
The correlation between NOW and MSFT.NEO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.57 |
The correlation between NOW and MSFT.NEO shifts across timeframes, from 0.42 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NOW:
$108.32B
MSFT.NEO:
CA$209.09B
NOW:
$1.68
MSFT.NEO:
$14.11
NOW:
62.00
MSFT.NEO:
1.43
NOW:
7.80
MSFT.NEO:
0.51
NOW:
7.98
MSFT.NEO:
0.41
NOW:
$13.96B
MSFT.NEO:
$293.81B
NOW:
$10.69B
MSFT.NEO:
$202.04B
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Return for Risk
NOW vs. MSFT.NEO — Risk / Return Rank
NOW
MSFT.NEO
NOW vs. MSFT.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ServiceNow, Inc (NOW) and Microsoft Corp CDR (MSFT.NEO). 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.
| NOW | MSFT.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.89 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.57 | -0.22 |
| Martin ratioReturn relative to average drawdown | -1.39 | -1.18 | -0.21 |
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Drawdowns
NOW vs. MSFT.NEO - Drawdown Comparison
The maximum NOW drawdown since its inception was -64.54%, which is greater than MSFT.NEO's maximum drawdown of -42.98%. Use the drawdown chart below to compare losses from any high point for NOW and MSFT.NEO.
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Drawdown Indicators
| NOW | MSFT.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.54% | -42.98% | -21.56% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -34.13% | -26.15% |
Max Drawdown (3Y)Largest decline over 3 years | -64.54% | -34.13% | -30.41% |
Max Drawdown (5Y)Largest decline over 5 years | -64.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.54% | — | — |
Current DrawdownCurrent decline from peak | -55.51% | -27.17% | -28.34% |
Average DrawdownAverage peak-to-trough decline | -13.80% | -14.17% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.16% | 16.49% | +17.67% |
Volatility
NOW vs. MSFT.NEO - Volatility Comparison
ServiceNow, Inc (NOW) has a higher volatility of 25.39% compared to Microsoft Corp CDR (MSFT.NEO) at 10.98%. This indicates that NOW's price experiences larger fluctuations and is considered to be riskier than MSFT.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOW | MSFT.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.39% | 10.98% | +14.41% |
Volatility (6M)Calculated over the trailing 6-month period | 47.03% | 22.91% | +24.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.24% | 26.13% | +24.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.45% | 27.83% | +15.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.87% | 27.83% | +13.04% |
Dividends
NOW vs. MSFT.NEO - Dividend Comparison
NOW has not paid dividends to shareholders, while MSFT.NEO's dividend yield for the trailing twelve months is around 0.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MSFT.NEO Microsoft Corp CDR | 0.89% | 0.70% | 0.73% | 0.75% | 1.07% | 0.19% |
NOW ServiceNow, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NOW vs. MSFT.NEO - Financials Comparison
This section allows you to compare key financial metrics between ServiceNow, Inc and Microsoft Corp CDR. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
NOW vs. MSFT.NEO - Profitability Comparison
NOW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported a gross profit of 2.83B and revenue of 3.77B. Therefore, the gross margin over that period was 75.1%.
MSFT.NEO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microsoft Corp CDR reported a gross profit of 53.63B and revenue of 77.67B. Therefore, the gross margin over that period was 69.1%.
NOW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported an operating income of 503.00M and revenue of 3.77B, resulting in an operating margin of 13.3%.
MSFT.NEO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microsoft Corp CDR reported an operating income of 37.96B and revenue of 77.67B, resulting in an operating margin of 48.9%.
NOW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ServiceNow, Inc reported a net income of 469.00M and revenue of 3.77B, resulting in a net margin of 12.4%.
MSFT.NEO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microsoft Corp CDR reported a net income of 27.75B and revenue of 77.67B, resulting in a net margin of 35.7%.
Frequently Asked Questions
NOW and MSFT.NEO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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