NVS vs. FLOT
NVS (Novartis AG) is a stock, while FLOT (iShares Floating Rate Bond ETF) is Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes (<5 Y). Over the past 10 years, NVS returned 9.84%/yr vs 3.03%/yr for FLOT. At a 0.06 correlation, their price movements are largely independent.
Performance
NVS vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, NVS achieves a 7.37% return, which is significantly higher than FLOT's 1.89% return. Over the past 10 years, NVS has outperformed FLOT with an annualized return of 9.84%, while FLOT has yielded a comparatively lower 3.03% annualized return.
NVS
- 1D
- 0.13%
- 1M
- -0.66%
- YTD
- 7.37%
- 6M
- 10.70%
- 1Y
- 27.68%
- 3Y*
- 17.23%
- 5Y*
- 14.04%
- 10Y*
- 9.84%
FLOT
- 1D
- 0.04%
- 1M
- 0.51%
- YTD
- 1.89%
- 6M
- 2.21%
- 1Y
- 4.91%
- 3Y*
- 5.65%
- 5Y*
- 4.20%
- 10Y*
- 3.03%
NVS vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVS Novartis AG | 7.37% | 46.95% | 0.02% | 16.14% | 8.06% | -3.65% | 3.34% | 13.92% | 5.95% | 19.42% |
FLOT iShares Floating Rate Bond ETF | 1.89% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
Correlation
The correlation between NVS and FLOT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2011 | 0.06 |
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Return for Risk
NVS vs. FLOT — Risk / Return Rank
NVS
FLOT
NVS vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novartis AG (NVS) and iShares Floating Rate Bond ETF (FLOT). 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.
| NVS | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.31 | ||
| Sortino ratioReturn per unit of downside risk | -10.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 3.31 | -2.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 11.42 | -9.22 |
| Martin ratioReturn relative to average drawdown | 5.52 | 106.82 | -101.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVS | FLOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 6.68 | -5.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 2.38 | -1.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.73 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.66 | -0.25 |
Drawdowns
NVS vs. FLOT - Drawdown Comparison
The maximum NVS drawdown since its inception was -42.10%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for NVS and FLOT.
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Drawdown Indicators
| NVS | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.10% | -13.54% | -28.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -0.43% | -12.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -1.57% | -18.38% |
Max Drawdown (5Y)Largest decline over 5 years | -20.42% | -2.36% | -18.06% |
Max Drawdown (10Y)Largest decline over 10 years | -26.03% | -13.54% | -12.49% |
Current DrawdownCurrent decline from peak | -12.21% | 0.00% | -12.21% |
Average DrawdownAverage peak-to-trough decline | -10.93% | -0.21% | -10.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 0.05% | +4.98% |
Volatility
NVS vs. FLOT - Volatility Comparison
Novartis AG (NVS) has a higher volatility of 5.62% compared to iShares Floating Rate Bond ETF (FLOT) at 0.18%. This indicates that NVS's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVS | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 0.18% | +5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 0.62% | +13.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.28% | 0.74% | +19.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.78% | 1.77% | +17.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.59% | 4.15% | +15.44% |
Dividends
NVS vs. FLOT - Dividend Comparison
NVS's dividend yield for the trailing twelve months is around 3.32%, less than FLOT's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
NVS Novartis AG | 3.32% | 2.90% | 3.84% | 3.44% | 3.70% | 3.86% | 3.22% | 3.03% | 3.47% | 3.24% | 3.73% | 3.10% |
Frequently Asked Questions
NVS and FLOT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVS has higher volatility (5.62%) compared to FLOT (0.18%). In terms of maximum drawdown, NVS dropped -42.10% vs FLOT's -13.54%.
FLOT currently has the higher Sharpe Ratio (6.68 vs 1.37), 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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