NVT vs. GMED
NVT (nVent Electric plc) and GMED (Globus Medical, Inc.) are both stocks. NVT operates in Electrical Equipment & Parts (Industrials), while GMED operates in Medical Devices (Healthcare). Over the past 5 years, NVT returned 39.10%/yr vs -1.08%/yr for GMED. Their 0.36 correlation means their historical movements had little consistent relationship.
Performance
NVT vs. GMED - Performance Comparison
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Returns By Period
In the year-to-date period, NVT achieves a 51.57% return, which is significantly higher than GMED's -9.76% return.
NVT
- 1D
- 6.24%
- 1M
- -3.72%
- 6M
- 37.41%
- YTD
- 51.57%
- 1Y
- 97.47%
- 3Y*
- 42.62%
- 5Y*
- 39.10%
- 10Y*
- —
- ALL TIME*
- 29.74%
GMED
- 1D
- -1.83%
- 1M
- 3.73%
- 6M
- -13.11%
- YTD
- -9.76%
- 1Y
- 49.71%
- 3Y*
- 10.13%
- 5Y*
- -1.08%
- 10Y*
- 12.86%
- ALL TIME*
- 13.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $96.46M | $126.87M | $149.45M | |
| $373.02M | $340.45M | $350.68M |
NVT vs. GMED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NVT nVent Electric plc | 51.57% | 51.27% | 16.63% | 55.98% | 3.32% | 67.15% | -5.68% | 17.24% | 7.52% |
GMED Globus Medical, Inc. | -9.76% | 5.56% | 55.21% | -28.25% | 2.87% | 10.70% | 10.77% | 36.04% | -15.45% |
Correlation
The correlation between NVT and GMED is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 1, 2018 | 0.36 |
Over the past year, the correlation between NVT and GMED has dropped to 0.12 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
Fundamentals
NVT:
$24.88B
GMED:
$10.63B
NVT:
$3.63
GMED:
$4.28
NVT:
42.34
GMED:
18.39
NVT:
1.02
GMED:
0.19
NVT:
5.23
GMED:
3.48
NVT:
6.33
GMED:
2.30
NVT:
$4.83B
GMED:
$3.10B
NVT:
$1.79B
GMED:
$1.58B
NVT:
$1.01B
GMED:
$803.34M
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Return for Risk
NVT vs. GMED — Risk / Return Rank
NVT
GMED
NVT vs. GMED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for nVent Electric plc (NVT) and Globus Medical, Inc. (GMED). 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.
| NVT | GMED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 2.26 | +1.31 |
| Martin ratioReturn relative to average drawdown | 13.66 | 4.92 | +8.74 |
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Drawdowns
NVT vs. GMED - Drawdown Comparison
The maximum NVT drawdown since its inception was -56.18%, which is greater than GMED's maximum drawdown of -47.91%. Use the drawdown chart below to compare losses from any high point for NVT and GMED.
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Drawdown Indicators
| NVT | GMED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.18% | -47.91% | -8.27% |
Max Drawdown (1Y)Largest decline over 1 year | -27.42% | -22.10% | -5.32% |
Max Drawdown (3Y)Largest decline over 3 years | -46.67% | -44.40% | -2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -46.67% | -47.91% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.91% | — |
Current DrawdownCurrent decline from peak | -16.44% | -18.62% | +2.18% |
Average DrawdownAverage peak-to-trough decline | -11.83% | -15.35% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 10.13% | -2.97% |
Volatility
NVT vs. GMED - Volatility Comparison
nVent Electric plc (NVT) has a higher volatility of 16.96% compared to Globus Medical, Inc. (GMED) at 12.47%. This indicates that NVT's price experiences larger fluctuations and is considered to be riskier than GMED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVT | GMED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.96% | 12.47% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 36.03% | 26.28% | +9.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.95% | 49.44% | -3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.09% | 38.45% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.93% | 35.41% | +3.52% |
Dividends
NVT vs. GMED - Dividend Comparison
NVT's dividend yield for the trailing twelve months is around 0.54%, while GMED has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GMED Globus Medical, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVT nVent Electric plc | 0.54% | 0.78% | 1.12% | 1.18% | 1.82% | 1.84% | 3.01% | 2.74% | 1.56% |
Financials
NVT vs. GMED - Financials Comparison
This section allows you to compare key financial metrics between nVent Electric plc and Globus Medical, 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
NVT vs. GMED - Profitability Comparison
NVT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, nVent Electric plc reported a gross profit of 558.00M and revenue of 1.47B. Therefore, the gross margin over that period was 37.9%.
GMED - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Globus Medical, Inc. reported a gross profit of 0.00 and revenue of 759.85M. Therefore, the gross margin over that period was 0.0%.
NVT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, nVent Electric plc reported an operating income of 300.70M and revenue of 1.47B, resulting in an operating margin of 20.4%.
GMED - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Globus Medical, Inc. reported an operating income of 150.39M and revenue of 759.85M, resulting in an operating margin of 19.8%.
NVT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, nVent Electric plc reported a net income of 215.90M and revenue of 1.47B, resulting in a net margin of 14.7%.
GMED - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Globus Medical, Inc. reported a net income of 124.30M and revenue of 759.85M, resulting in a net margin of 16.4%.
Frequently Asked Questions
NVT and GMED have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVT has higher volatility (16.96%) compared to GMED (12.47%). In terms of maximum drawdown, NVT dropped -56.18% vs GMED's -47.91%.
NVT currently has the higher Sharpe Ratio (2.13 vs 1.01), 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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