NVS vs. LMT
NVS (Novartis AG) and LMT (Lockheed Martin Corporation) are both stocks. NVS operates in Drug Manufacturers - General (Healthcare), while LMT operates in Aerospace & Defense (Industrials). Over the past 10 years, NVS returned 10.33%/yr vs 10.91%/yr for LMT. At a 0.25 correlation, their price movements are largely independent.
Performance
NVS vs. LMT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NVS achieves a 9.43% return, which is significantly higher than LMT's 8.80% return. Over the past 10 years, NVS has underperformed LMT with an annualized return of 10.33%, while LMT has yielded a comparatively higher 10.91% annualized return.
NVS
- 1D
- -1.84%
- 1M
- 0.27%
- YTD
- 9.43%
- 6M
- 15.91%
- 1Y
- 27.84%
- 3Y*
- 17.18%
- 5Y*
- 13.87%
- 10Y*
- 10.33%
LMT
- 1D
- -0.70%
- 1M
- 3.35%
- YTD
- 8.80%
- 6M
- 13.08%
- 1Y
- 10.88%
- 3Y*
- 6.80%
- 5Y*
- 9.00%
- 10Y*
- 10.91%
NVS vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVS Novartis AG | 9.43% | 46.95% | 0.02% | 16.14% | 8.06% | -3.65% | 3.34% | 13.92% | 5.95% | 19.42% |
LMT Lockheed Martin Corporation | 8.80% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between NVS and LMT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 1996 | 0.25 |
Fundamentals
NVS:
$280.54B
LMT:
$120.19B
NVS:
$6.99
LMT:
$20.61
NVS:
20.95
LMT:
25.23
NVS:
5.06
LMT:
1.61
NVS:
7.28
LMT:
16.05
NVS:
$56.05B
LMT:
$75.12B
NVS:
$42.19B
LMT:
$7.37B
NVS:
$22.40B
LMT:
$8.09B
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
NVS vs. LMT — Risk / Return Rank
NVS
LMT
NVS vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novartis AG (NVS) and Lockheed Martin Corporation (LMT). 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 | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.10 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 0.43 | +1.78 |
| Martin ratioReturn relative to average drawdown | 5.43 | 1.04 | +4.40 |
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
| NVS | LMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.41 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.40 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.46 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.38 | +0.04 |
Drawdowns
NVS vs. LMT - Drawdown Comparison
The maximum NVS drawdown since its inception was -42.10%, smaller than the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for NVS and LMT.
Loading charts...
Drawdown Indicators
| NVS | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.10% | -79.29% | +37.19% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -25.15% | +12.50% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -31.79% | +11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -20.42% | -31.79% | +11.37% |
Max Drawdown (10Y)Largest decline over 10 years | -26.03% | -36.67% | +10.64% |
Current DrawdownCurrent decline from peak | -10.52% | -22.64% | +12.12% |
Average DrawdownAverage peak-to-trough decline | -10.93% | -26.84% | +15.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 10.51% | -5.37% |
Volatility
NVS vs. LMT - Volatility Comparison
Novartis AG (NVS) has a higher volatility of 6.16% compared to Lockheed Martin Corporation (LMT) at 5.31%. This indicates that NVS's price experiences larger fluctuations and is considered to be riskier than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NVS | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 5.31% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 19.60% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 26.62% | -5.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.85% | 22.88% | -4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.62% | 23.72% | -4.10% |
Dividends
NVS vs. LMT - Dividend Comparison
NVS's dividend yield for the trailing twelve months is around 3.26%, more than LMT's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMT Lockheed Martin Corporation | 2.62% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
NVS Novartis AG | 3.26% | 2.90% | 3.84% | 3.44% | 3.70% | 3.86% | 3.22% | 3.03% | 3.47% | 3.24% | 3.73% | 3.10% |
Financials
NVS vs. LMT - Financials Comparison
This section allows you to compare key financial metrics between Novartis AG and Lockheed Martin Corporation. 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
NVS vs. LMT - Profitability Comparison
NVS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Novartis AG reported a gross profit of 10.07B and revenue of 13.52B. Therefore, the gross margin over that period was 74.4%.
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a gross profit of 2.08B and revenue of 18.02B. Therefore, the gross margin over that period was 11.5%.
NVS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novartis AG reported an operating income of 4.24B and revenue of 13.52B, resulting in an operating margin of 31.3%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported an operating income of 2.06B and revenue of 18.02B, resulting in an operating margin of 11.5%.
NVS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novartis AG reported a net income of 3.16B and revenue of 13.52B, resulting in a net margin of 23.3%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a net income of 1.49B and revenue of 18.02B, resulting in a net margin of 8.3%.
Frequently Asked Questions
NVS and LMT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVS has higher volatility (6.16%) compared to LMT (5.31%). In terms of maximum drawdown, NVS dropped -42.10% vs LMT's -79.29%.
NVS currently has the higher Sharpe Ratio (1.36 vs 0.41), 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 NVS and LMT
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