NUVL vs. NVDA

Last updated Jun 4, 2026

NUVL (Nuvalent, Inc.) and NVDA (NVIDIA Corporation) are both stocks. NUVL operates in Biotechnology (Healthcare), while NVDA operates in Semiconductors (Technology). Over the past 3 years, NUVL returned 26.46%/yr vs 76.15%/yr for NVDA. At a 0.26 correlation, their price movements are largely independent.

Performance

NUVL vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuvalent, Inc. (NUVL) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NUVL achieves a -10.35% return, which is significantly lower than NVDA's 15.15% return.

NUVL

• 1D: -1.28%
• 1M: -12.12%
• YTD: -10.35%
• 6M: -15.64%
• 1Y: 15.35%
• 3Y*: 26.46%
• 5Y*: —
• 10Y*: —

NVDA

• 1D: -3.62%
• 1M: 8.20%
• YTD: 15.15%
• 6M: 19.59%
• 1Y: 52.10%
• 3Y*: 76.15%
• 5Y*: 65.05%
• 10Y*: 68.84%

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

NUVL vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NUVL Nuvalent, Inc.	-10.35%	28.50%	6.37%	147.11%	56.41%	1.55%
NVDA NVIDIA Corporation	15.15%	38.92%	171.25%	239.02%	-50.26%	49.63%

Correlation

The correlation between NUVL and NVDA is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jul 30, 2021	0.26

Fundamentals

Market Cap NUVL : $7.09B NVDA : $5.24T
EPS NUVL : -$6.05 NVDA : $6.53
PB Ratio NUVL : 6.04 NVDA : 26.80
Total Revenue (TTM) NUVL : $0.00 NVDA : $253.49B
Gross Profit (TTM) NUVL : $0.00 NVDA : $187.95B
EBITDA (TTM) NUVL : -$362.61M NVDA : $192.76B

Return for Risk

NUVL vs. NVDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NUVL

NUVL Risk / Return Rank: 54
NUVL Sharpe Ratio Rank: 53
NUVL Sortino Ratio Rank: 49
NUVL Omega Ratio Rank: 48
NUVL Calmar Ratio Rank: 58
NUVL Martin Ratio Rank: 60

NVDA

NVDA Risk / Return Rank: 78
NVDA Sharpe Ratio Rank: 81
NVDA Sortino Ratio Rank: 77
NVDA Omega Ratio Rank: 73
NVDA Calmar Ratio Rank: 79
NVDA Martin Ratio Rank: 79

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.

NUVL vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuvalent, Inc. (NUVL) and NVIDIA Corporation (NVDA). 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.

	NUVL	NVDA	Difference
Sharpe ratio Return per unit of total volatility	0.35	1.53	-1.18
Sortino ratio Return per unit of downside risk	0.78	2.15	-1.36
Omega ratio Gain probability vs. loss probability	1.10	1.26	-0.16
Calmar ratio Return relative to maximum drawdown	0.79	2.59	-1.80
Martin ratio Return relative to average drawdown	2.02	6.36	-4.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUVL vs. NVDA - Sharpe Ratio Comparison

The current NUVL Sharpe Ratio is 0.35, which is lower than the NVDA Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of NUVL and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NUVL	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	1.53	-1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.63	-0.11

Drawdowns

NUVL vs. NVDA - Drawdown Comparison

The maximum NUVL drawdown since its inception was -80.70%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for NUVL and NVDA.

Drawdown Indicators

	NUVL	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-80.70%	-89.72%	+9.02%
Max Drawdown (1Y) Largest decline over 1 year	-19.47%	-20.21%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	-47.12%	-36.88%	-10.24%
Max Drawdown (5Y) Largest decline over 5 years	—	-66.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-19.60%	-8.90%	-10.70%
Average Drawdown Average peak-to-trough decline	-25.23%	-36.21%	+10.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.62%	8.21%	-0.59%

Volatility

NUVL vs. NVDA - Volatility Comparison

Nuvalent, Inc. (NUVL) has a higher volatility of 19.25% compared to NVIDIA Corporation (NVDA) at 12.53%. This indicates that NUVL's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NUVL	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.25%	12.53%	+6.72%
Volatility (6M) Calculated over the trailing 6-month period	30.71%	25.54%	+5.17%
Volatility (1Y) Calculated over the trailing 1-year period	43.49%	34.22%	+9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.82%	51.69%	+22.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.82%	49.80%	+24.02%

Dividends

NUVL vs. NVDA - Dividend Comparison

NUVL has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.02%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NUVL Nuvalent, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Financials

Frequently Asked Questions

Can I hold both NUVL and NVDA in my portfolio?

NUVL and NVDA have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUVL or NVDA?

NUVL has higher volatility (19.25%) compared to NVDA (12.53%). In terms of maximum drawdown, NUVL dropped -80.70% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (1.53 vs 0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.