NVS vs. TRV
NVS (Novartis AG) and TRV (The Travelers Companies, Inc.) are both stocks. NVS operates in Drug Manufacturers - General (Healthcare), while TRV operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, NVS returned 10.33%/yr vs 12.41%/yr for TRV. At a 0.28 correlation, their price movements are largely independent.
Performance
NVS vs. TRV - Performance Comparison
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Returns By Period
In the year-to-date period, NVS achieves a 9.43% return, which is significantly higher than TRV's 2.67% return. Over the past 10 years, NVS has underperformed TRV with an annualized return of 10.33%, while TRV has yielded a comparatively higher 12.41% 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%
TRV
- 1D
- -2.15%
- 1M
- -0.44%
- YTD
- 2.67%
- 6M
- 6.83%
- 1Y
- 10.14%
- 3Y*
- 21.09%
- 5Y*
- 16.05%
- 10Y*
- 12.41%
NVS vs. TRV - 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% |
TRV The Travelers Companies, Inc. | 2.67% | 22.38% | 28.76% | 3.93% | 22.42% | 13.96% | 5.31% | 17.00% | -9.64% | 13.36% |
Correlation
The correlation between NVS and TRV is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 1996 | 0.28 |
Fundamentals
NVS:
$280.54B
TRV:
$64.81B
NVS:
$6.99
TRV:
$33.83
NVS:
20.95
TRV:
8.77
NVS:
1.42
TRV:
0.41
NVS:
5.06
TRV:
1.36
NVS:
7.28
TRV:
2.03
NVS:
$56.05B
TRV:
$48.94B
NVS:
$42.19B
TRV:
$16.00B
NVS:
$22.40B
TRV:
$8.15B
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Return for Risk
NVS vs. TRV — Risk / Return Rank
NVS
TRV
NVS vs. TRV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novartis AG (NVS) and The Travelers Companies, Inc. (TRV). 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 | TRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.11 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.22 | +0.99 |
| Martin ratioReturn relative to average drawdown | 5.43 | 3.01 | +2.43 |
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 | TRV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 0.54 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.74 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.51 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.39 | +0.03 |
Drawdowns
NVS vs. TRV - Drawdown Comparison
The maximum NVS drawdown since its inception was -42.10%, smaller than the maximum TRV drawdown of -55.11%. Use the drawdown chart below to compare losses from any high point for NVS and TRV.
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Drawdown Indicators
| NVS | TRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.10% | -55.11% | +13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -8.31% | -4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -12.47% | -7.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.42% | -18.90% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -26.03% | -46.28% | +20.25% |
Current DrawdownCurrent decline from peak | -10.52% | -4.56% | -5.96% |
Average DrawdownAverage peak-to-trough decline | -10.93% | -11.12% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 3.66% | +1.48% |
Volatility
NVS vs. TRV - Volatility Comparison
Novartis AG (NVS) and The Travelers Companies, Inc. (TRV) have volatilities of 6.16% and 5.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVS | TRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 5.99% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 12.64% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 18.78% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.85% | 21.87% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.62% | 24.40% | -4.78% |
Dividends
NVS vs. TRV - Dividend Comparison
NVS's dividend yield for the trailing twelve months is around 3.26%, more than TRV's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TRV The Travelers Companies, Inc. | 1.48% | 1.50% | 1.72% | 2.06% | 1.96% | 2.23% | 2.40% | 2.36% | 2.53% | 2.09% | 2.14% | 2.11% |
Financials
NVS vs. TRV - Financials Comparison
This section allows you to compare key financial metrics between Novartis AG and The Travelers Companies, Inc.. 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. TRV - 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%.
TRV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported a gross profit of 0.00 and revenue of 11.92B. Therefore, the gross margin over that period was 0.0%.
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%.
TRV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported an operating income of 0.00 and revenue of 11.92B, resulting in an operating margin of 0.0%.
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%.
TRV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Travelers Companies, Inc. reported a net income of 1.71B and revenue of 11.92B, resulting in a net margin of 14.4%.
Frequently Asked Questions
NVS and TRV have a correlation of 0.23, 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 TRV (5.99%). In terms of maximum drawdown, NVS dropped -42.10% vs TRV's -55.11%.
NVS currently has the higher Sharpe Ratio (1.36 vs 0.54), 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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