NVMI vs. ASML
NVMI (Nova Ltd) and ASML (ASML Holding N.V.) are both stocks. Both operate in the Semiconductor Equipment & Materials industry within the Technology sector. Over the past 10 years, NVMI returned 42.36%/yr vs 32.27%/yr for ASML. Their 0.37 correlation means their historical movements had little consistent relationship.
Performance
NVMI vs. ASML - Performance Comparison
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Returns By Period
In the year-to-date period, NVMI achieves a 19.03% return, which is significantly lower than ASML's 53.00% return. Over the past 10 years, NVMI has outperformed ASML with an annualized return of 42.36%, while ASML has yielded a comparatively lower 32.27% annualized return.
NVMI
- 1D
- -0.81%
- 1M
- -22.23%
- 6M
- -14.63%
- YTD
- 19.03%
- 1Y
- 48.85%
- 3Y*
- 45.70%
- 5Y*
- 31.93%
- 10Y*
- 42.36%
- ALL TIME*
- 12.41%
ASML
- 1D
- -1.36%
- 1M
- -11.50%
- 6M
- 15.03%
- YTD
- 53.00%
- 1Y
- 136.03%
- 3Y*
- 33.26%
- 5Y*
- 17.48%
- 10Y*
- 32.27%
- ALL TIME*
- 26.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.24B | $3.55B | $3.45B | |
NVMI Nova Ltd | $244.73M | $256.96M | $251.18M |
NVMI vs. ASML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVMI Nova Ltd | 19.03% | 66.74% | 43.35% | 68.21% | -44.25% | 107.51% | 86.62% | 66.07% | -12.08% | 96.88% |
ASML ASML Holding N.V. | 53.00% | 56.51% | -7.70% | 39.91% | -30.49% | 64.13% | 66.06% | 93.56% | -9.80% | 56.23% |
Correlation
The correlation between NVMI and ASML is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2000 | 0.37 |
Over the past year, NVMI and ASML have become more correlated (0.76) than their long-term average of 0.37, meaning their price movements have been converging.
Fundamentals
NVMI:
$12.42B
ASML:
$627.85B
NVMI:
$7.85
ASML:
€27.54
NVMI:
49.78
ASML:
51.36
NVMI:
1.73
ASML:
3.38
NVMI:
14.54
ASML:
15.47
NVMI:
9.70
ASML:
24.94
NVMI:
$902.53M
ASML:
€35.33B
NVMI:
$518.59M
ASML:
€18.63B
NVMI:
$293.89M
ASML:
€13.77B
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Return for Risk
NVMI vs. ASML — Risk / Return Rank
NVMI
ASML
NVMI vs. ASML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nova Ltd (NVMI) and ASML Holding N.V. (ASML). 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.
| NVMI | ASML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 6.23 | -4.99 |
| Martin ratioReturn relative to average drawdown | 4.35 | 21.34 | -16.98 |
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Drawdowns
NVMI vs. ASML - Drawdown Comparison
The maximum NVMI drawdown since its inception was -98.22%, which is greater than ASML's maximum drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for NVMI and ASML.
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Drawdown Indicators
| NVMI | ASML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.22% | -90.00% | -8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -39.42% | -21.95% | -17.47% |
Max Drawdown (3Y)Largest decline over 3 years | -40.79% | -45.38% | +4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -52.76% | -56.84% | +4.08% |
Max Drawdown (10Y)Largest decline over 10 years | -52.76% | -56.84% | +4.08% |
Current DrawdownCurrent decline from peak | -35.46% | -18.01% | -17.45% |
Average DrawdownAverage peak-to-trough decline | -51.60% | -28.04% | -23.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.25% | 6.40% | +4.85% |
Volatility
NVMI vs. ASML - Volatility Comparison
Nova Ltd (NVMI) has a higher volatility of 19.26% compared to ASML Holding N.V. (ASML) at 14.49%. This indicates that NVMI's price experiences larger fluctuations and is considered to be riskier than ASML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVMI | ASML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.26% | 14.49% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 47.21% | 37.32% | +9.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.08% | 46.08% | +13.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.96% | 43.25% | +5.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.23% | 39.13% | +5.10% |
Dividends
NVMI vs. ASML - Dividend Comparison
NVMI has not paid dividends to shareholders, while ASML's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASML ASML Holding N.V. | 0.56% | 0.97% | 0.97% | 0.86% | 1.27% | 0.50% | 0.50% | 1.40% | 0.94% | 0.64% | 0.92% | 0.73% |
NVMI Nova Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NVMI vs. ASML - Financials Comparison
This section allows you to compare key financial metrics between Nova Ltd and ASML Holding N.V.. 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
NVMI vs. ASML - Profitability Comparison
NVMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Nova Ltd reported a gross profit of 135.69M and revenue of 235.31M. Therefore, the gross margin over that period was 57.7%.
ASML - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, ASML Holding N.V. reported a gross profit of 5.04B and revenue of 9.33B. Therefore, the gross margin over that period was 54.0%.
NVMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Nova Ltd reported an operating income of 70.84M and revenue of 235.31M, resulting in an operating margin of 30.1%.
ASML - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, ASML Holding N.V. reported an operating income of 3.46B and revenue of 9.33B, resulting in an operating margin of 37.1%.
NVMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Nova Ltd reported a net income of 69.26M and revenue of 235.31M, resulting in a net margin of 29.4%.
ASML - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, ASML Holding N.V. reported a net income of 2.92B and revenue of 9.33B, resulting in a net margin of 31.3%.
Frequently Asked Questions
NVMI and ASML have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVMI has higher volatility (19.26%) compared to ASML (14.49%). In terms of maximum drawdown, NVMI dropped -98.22% vs ASML's -90.00%.
ASML currently has the higher Sharpe Ratio (2.98 vs 0.83), 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.
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