NVCR vs. GSGDX
NVCR (NovoCure Limited) is a stock, while GSGDX (Goldman Sachs Investment Grade Credit Fund) is Corporate Bonds fund managed by Goldman Sachs. Over the past 10 years, NVCR returned 4.08%/yr vs 2.80%/yr for GSGDX. At a 0.08 correlation, their price movements are largely independent.
Performance
NVCR vs. GSGDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NVCR achieves a 24.90% return, which is significantly higher than GSGDX's 0.65% return. Over the past 10 years, NVCR has outperformed GSGDX with an annualized return of 4.08%, while GSGDX has yielded a comparatively lower 2.80% annualized return.
NVCR
- 1D
- 2.09%
- 1M
- -4.61%
- YTD
- 24.90%
- 6M
- 36.75%
- 1Y
- -5.22%
- 3Y*
- -41.22%
- 5Y*
- -39.88%
- 10Y*
- 4.08%
GSGDX
- 1D
- 0.12%
- 1M
- 1.03%
- YTD
- 0.65%
- 6M
- 0.56%
- 1Y
- 6.49%
- 3Y*
- 5.18%
- 5Y*
- 0.47%
- 10Y*
- 2.80%
NVCR vs. GSGDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVCR NovoCure Limited | 24.90% | -56.61% | 99.60% | -79.65% | -2.30% | -56.61% | 105.34% | 151.70% | 65.74% | 157.32% |
GSGDX Goldman Sachs Investment Grade Credit Fund | 0.65% | 8.23% | 1.93% | 8.81% | -17.33% | -0.97% | 10.12% | 16.83% | -2.55% | 6.49% |
Correlation
The correlation between NVCR and GSGDX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2015 | 0.08 |
The correlation between NVCR and GSGDX shifts across timeframes, from 0.08 (all time) to 0.24 (1 year), 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.
Return for Risk
NVCR vs. GSGDX — Risk / Return Rank
NVCR
GSGDX
NVCR vs. GSGDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NovoCure Limited (NVCR) and Goldman Sachs Investment Grade Credit Fund (GSGDX). 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.
| NVCR | GSGDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.26 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 1.90 | -2.01 |
| Martin ratioReturn relative to average drawdown | -0.18 | 6.45 | -6.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NVCR | GSGDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 1.49 | -1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | 0.07 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | 0.44 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.66 | -0.68 |
Drawdowns
NVCR vs. GSGDX - Drawdown Comparison
The maximum NVCR drawdown since its inception was -95.55%, which is greater than GSGDX's maximum drawdown of -23.48%. Use the drawdown chart below to compare losses from any high point for NVCR and GSGDX.
Loading charts...
Drawdown Indicators
| NVCR | GSGDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.55% | -23.48% | -72.07% |
Max Drawdown (1Y)Largest decline over 1 year | -45.67% | -3.52% | -42.15% |
Max Drawdown (3Y)Largest decline over 3 years | -87.84% | -6.98% | -80.86% |
Max Drawdown (5Y)Largest decline over 5 years | -95.55% | -23.48% | -72.07% |
Max Drawdown (10Y)Largest decline over 10 years | -95.55% | -23.48% | -72.07% |
Current DrawdownCurrent decline from peak | -92.84% | -1.36% | -91.48% |
Average DrawdownAverage peak-to-trough decline | -52.14% | -3.87% | -48.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.28% | 1.03% | +28.25% |
Volatility
NVCR vs. GSGDX - Volatility Comparison
NovoCure Limited (NVCR) has a higher volatility of 15.37% compared to Goldman Sachs Investment Grade Credit Fund (GSGDX) at 1.58%. This indicates that NVCR's price experiences larger fluctuations and is considered to be riskier than GSGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NVCR | GSGDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.37% | 1.58% | +13.79% |
Volatility (6M)Calculated over the trailing 6-month period | 57.54% | 3.37% | +54.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.51% | 4.50% | +69.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.38% | 6.85% | +72.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.18% | 6.40% | +65.78% |
Dividends
NVCR vs. GSGDX - Dividend Comparison
NVCR has not paid dividends to shareholders, while GSGDX's dividend yield for the trailing twelve months is around 4.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSGDX Goldman Sachs Investment Grade Credit Fund | 4.82% | 4.75% | 3.94% | 3.52% | 2.74% | 5.10% | 4.18% | 5.89% | 3.56% | 3.19% | 3.38% | 3.76% |
NVCR NovoCure Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVCR and GSGDX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVCR has higher volatility (15.37%) compared to GSGDX (1.58%). In terms of maximum drawdown, NVCR dropped -95.55% vs GSGDX's -23.48%.
GSGDX currently has the higher Sharpe Ratio (1.49 vs -0.07), 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.
Find the right allocation for NVCR and GSGDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer