NVDA vs. SPGI

Last updated Jun 6, 2026

NVDA (NVIDIA Corporation) and SPGI (S&P Global Inc.) are both stocks. NVDA operates in Semiconductors (Technology), while SPGI operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, NVDA returned 68.14%/yr vs 15.56%/yr for SPGI. At a 0.36 correlation, their price movements are largely independent.

Performance

NVDA vs. SPGI - Performance Comparison

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

Returns By Period

In the year-to-date period, NVDA achieves a 10.11% return, which is significantly higher than SPGI's -18.40% return. Over the past 10 years, NVDA has outperformed SPGI with an annualized return of 68.14%, while SPGI has yielded a comparatively lower 15.56% annualized return.

NVDA

• 1D: -6.20%
• 1M: -1.20%
• YTD: 10.11%
• 6M: 12.58%
• 1Y: 46.72%
• 3Y*: 74.54%
• 5Y*: 63.58%
• 10Y*: 68.14%

SPGI

• 1D: 1.03%
• 1M: 0.44%
• YTD: -18.40%
• 6M: -14.46%
• 1Y: -17.02%
• 3Y*: 4.67%
• 5Y*: 2.85%
• 10Y*: 15.56%

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

NVDA vs. SPGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NVDA NVIDIA Corporation	10.11%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%
SPGI S&P Global Inc.	-18.40%	5.71%	13.94%	32.79%	-28.38%	44.68%	21.40%	62.27%	1.37%	59.32%

Correlation

The correlation between NVDA and SPGI is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jan 3, 2001	0.36

The correlation between NVDA and SPGI shifts across timeframes, from -0.03 (1 year) to 0.39 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NVDA : $5.00T SPGI : $126.31B
EPS NVDA : $6.53 SPGI : $15.79
PE Ratio NVDA : 31.43 SPGI : 26.88
PEG Ratio NVDA : 0.17 SPGI : 3.51
PS Ratio NVDA : 19.79 SPGI : 8.16
PB Ratio NVDA : 25.59 SPGI : 4.04
Total Revenue (TTM) NVDA : $253.49B SPGI : $15.73B
Gross Profit (TTM) NVDA : $187.95B SPGI : $8.15B
EBITDA (TTM) NVDA : $192.76B SPGI : $7.83B

Return for Risk

NVDA vs. SPGI — Risk / Return Rank

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

NVDA

NVDA Risk / Return Rank: 76
NVDA Sharpe Ratio Rank: 79
NVDA Sortino Ratio Rank: 73
NVDA Omega Ratio Rank: 70
NVDA Calmar Ratio Rank: 77
NVDA Martin Ratio Rank: 78

SPGI

SPGI Risk / Return Rank: 17
SPGI Sharpe Ratio Rank: 15
SPGI Sortino Ratio Rank: 17
SPGI Omega Ratio Rank: 15
SPGI Calmar Ratio Rank: 22
SPGI Martin Ratio Rank: 19

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.

NVDA vs. SPGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NVIDIA Corporation (NVDA) and S&P Global Inc. (SPGI). 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.

	NVDA	SPGI	Difference
Sharpe ratio: Return per unit of total volatility	1.35	-0.62	+1.98
Sortino ratio: Return per unit of downside risk	1.92	-0.67	+2.59
Omega ratio: Gain probability vs. loss probability	1.23	0.90	+0.33
Calmar ratio: Return relative to maximum drawdown	2.32	-0.56	+2.88
Martin ratio: Return relative to average drawdown	5.67	-1.09	+6.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDA vs. SPGI - Sharpe Ratio Comparison

The current NVDA Sharpe Ratio is 1.35, which is higher than the SPGI Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of NVDA and SPGI, 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

	NVDA	SPGI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	-0.62	+1.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.23	0.12	+1.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.37	0.60	+0.77
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.45	+0.17

Drawdowns

NVDA vs. SPGI - Drawdown Comparison

The maximum NVDA drawdown since its inception was -89.72%, which is greater than SPGI's maximum drawdown of -74.67%. Use the drawdown chart below to compare losses from any high point for NVDA and SPGI.

Drawdown Indicators

	NVDA	SPGI	Difference
Max Drawdown Largest peak-to-trough decline	-89.72%	-74.67%	-15.05%
Max Drawdown (1Y) Largest decline over 1 year	-20.21%	-30.48%	+10.27%
Max Drawdown (3Y) Largest decline over 3 years	-36.88%	-30.48%	-6.40%
Max Drawdown (5Y) Largest decline over 5 years	-66.34%	-39.76%	-26.58%
Max Drawdown (10Y) Largest decline over 10 years	-66.34%	-39.76%	-26.58%
Current Drawdown Current decline from peak	-12.90%	-24.13%	+11.23%
Average Drawdown Average peak-to-trough decline	-36.20%	-15.22%	-20.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.27%	15.69%	-7.42%

Volatility

NVDA vs. SPGI - Volatility Comparison

NVIDIA Corporation (NVDA) has a higher volatility of 13.15% compared to S&P Global Inc. (SPGI) at 8.06%. This indicates that NVDA's price experiences larger fluctuations and is considered to be riskier than SPGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDA	SPGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.15%	8.06%	+5.09%
Volatility (6M) Calculated over the trailing 6-month period	26.39%	23.80%	+2.59%
Volatility (1Y) Calculated over the trailing 1-year period	34.76%	27.33%	+7.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.73%	24.45%	+27.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.84%	26.01%	+23.83%

Dividends

NVDA vs. SPGI - Dividend Comparison

NVDA's dividend yield for the trailing twelve months is around 0.14%, less than SPGI's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
SPGI S&P Global Inc.	0.91%	0.73%	0.73%	0.82%	0.99%	0.65%	0.82%	0.84%	1.18%	0.97%	1.34%	1.34%

Financials

NVDA vs. SPGI - Profitability Comparison

The chart below illustrates the profitability comparison between NVIDIA Corporation and S&P Global Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NVDA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a gross profit of 61.16B and revenue of 81.62B. Therefore, the gross margin over that period was 74.9%.

SPGI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.17B. Therefore, the gross margin over that period was 0.0%.

NVDA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported an operating income of 53.54B and revenue of 81.62B, resulting in an operating margin of 65.6%.

SPGI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported an operating income of 2.00B and revenue of 4.17B, resulting in an operating margin of 48.0%.

NVDA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a net income of 58.32B and revenue of 81.62B, resulting in a net margin of 71.5%.

SPGI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a net income of 1.40B and revenue of 4.17B, resulting in a net margin of 33.5%.

Frequently Asked Questions

Can I hold both NVDA and SPGI in my portfolio?

NVDA and SPGI have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDA or SPGI?

NVDA has higher volatility (13.15%) compared to SPGI (8.06%). In terms of maximum drawdown, NVDA dropped -89.72% vs SPGI's -74.67%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (1.35 vs -0.62), 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.