NVS vs. OMAB
NVS (Novartis AG) and OMAB (Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.) are both stocks. NVS operates in Drug Manufacturers - General (Healthcare), while OMAB operates in Airports & Air Services (Industrials). Over the past 10 years, NVS returned 11.14%/yr vs 13.30%/yr for OMAB. At a 0.23 correlation, their price movements are largely independent.
Performance
NVS vs. OMAB - Performance Comparison
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Returns By Period
In the year-to-date period, NVS achieves a 14.40% return, which is significantly higher than OMAB's -3.71% return. Over the past 10 years, NVS has underperformed OMAB with an annualized return of 11.14%, while OMAB has yielded a comparatively higher 13.30% annualized return.
NVS
- 1D
- -0.55%
- 1M
- 2.22%
- YTD
- 14.40%
- 6M
- 18.98%
- 1Y
- 30.60%
- 3Y*
- 19.57%
- 5Y*
- 14.77%
- 10Y*
- 11.14%
OMAB
- 1D
- 2.59%
- 1M
- -1.07%
- YTD
- -3.71%
- 6M
- -4.20%
- 1Y
- 1.82%
- 3Y*
- 11.21%
- 5Y*
- 22.34%
- 10Y*
- 13.30%
NVS vs. OMAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVS Novartis AG | 14.40% | 46.95% | 0.02% | 16.14% | 8.06% | -3.65% | 3.34% | 13.92% | 5.95% | 19.42% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | -3.71% | 66.22% | -13.57% | 43.53% | 30.18% | 7.98% | -13.78% | 62.40% | -4.90% | 20.53% |
Correlation
The correlation between NVS and OMAB is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2006 | 0.23 |
The correlation between NVS and OMAB shifts across timeframes, from 0.11 (3 years) to 0.23 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NVS:
$293.28B
OMAB:
$4.91B
NVS:
$6.99
OMAB:
MX$109.59
NVS:
21.90
OMAB:
16.01
NVS:
1.48
OMAB:
0.88
NVS:
5.29
OMAB:
5.23
NVS:
7.62
OMAB:
6.78
NVS:
$56.05B
OMAB:
MX$16.21B
NVS:
$42.19B
OMAB:
MX$12.07B
NVS:
$22.40B
OMAB:
MX$9.83B
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Return for Risk
NVS vs. OMAB — Risk / Return Rank
NVS
OMAB
NVS vs. OMAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novartis AG (NVS) and Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB). 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.
| NVS | OMAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.04 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 0.07 | +2.36 |
| Martin ratioReturn relative to average drawdown | 5.88 | 0.15 | +5.73 |
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Drawdowns
NVS vs. OMAB - Drawdown Comparison
The maximum NVS drawdown since its inception was -42.10%, smaller than the maximum OMAB drawdown of -77.75%. Use the drawdown chart below to compare losses from any high point for NVS and OMAB.
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Drawdown Indicators
| NVS | OMAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.10% | -77.75% | +35.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -26.87% | +14.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -41.78% | +21.83% |
Max Drawdown (5Y)Largest decline over 5 years | -20.42% | -41.78% | +21.36% |
Max Drawdown (10Y)Largest decline over 10 years | -26.03% | -68.88% | +42.85% |
Current DrawdownCurrent decline from peak | -6.46% | -22.41% | +15.95% |
Average DrawdownAverage peak-to-trough decline | -10.92% | -22.70% | +11.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 11.82% | -6.59% |
Volatility
NVS vs. OMAB - Volatility Comparison
The current volatility for Novartis AG (NVS) is 7.18%, while Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) has a volatility of 8.11%. This indicates that NVS experiences smaller price fluctuations and is considered to be less risky than OMAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVS | OMAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 8.11% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 22.71% | -7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.02% | 29.68% | -8.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.89% | 35.78% | -16.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.64% | 38.28% | -18.64% |
Dividends
NVS vs. OMAB - Dividend Comparison
NVS's dividend yield for the trailing twelve months is around 3.12%, less than OMAB's 5.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVS Novartis AG | 3.12% | 2.90% | 3.84% | 3.44% | 3.70% | 3.86% | 3.22% | 3.03% | 3.47% | 3.24% | 3.73% | 3.10% |
OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 5.34% | 4.52% | 6.97% | 4.80% | 10.87% | 3.55% | 0.00% | 2.45% | 3.74% | 0.40% | 3.11% | 3.89% |
Financials
NVS vs. OMAB - Financials Comparison
This section allows you to compare key financial metrics between Novartis AG and Grupo Aeroportuario del Centro Norte, S.A.B. de C.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
NVS vs. OMAB - 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%.
OMAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported a gross profit of 2.64B and revenue of 3.82B. Therefore, the gross margin over that period was 69.2%.
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%.
OMAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported an operating income of 2.08B and revenue of 3.82B, resulting in an operating margin of 54.5%.
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%.
OMAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. reported a net income of 1.23B and revenue of 3.82B, resulting in a net margin of 32.3%.
Frequently Asked Questions
NVS and OMAB have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OMAB has higher volatility (8.11%) compared to NVS (7.18%). In terms of maximum drawdown, NVS dropped -42.10% vs OMAB's -77.75%.
NVS currently has the higher Sharpe Ratio (1.47 vs 0.06), 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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