NWG vs. DB
NWG (NatWest Group plc) and DB (Deutsche Bank Aktiengesellschaft) are both stocks. Both are in the Financial Services sector — NWG in Banks - Diversified, DB in Banks - Regional. Over the past 10 years, NWG returned 15.97%/yr vs 10.35%/yr for DB. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
NWG vs. DB - Performance Comparison
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Returns By Period
In the year-to-date period, NWG achieves a -5.18% return, which is significantly higher than DB's -15.73% return. Over the past 10 years, NWG has outperformed DB with an annualized return of 15.97%, while DB has yielded a comparatively lower 10.35% annualized return.
NWG
- 1D
- 0.76%
- 1M
- 0.51%
- YTD
- -5.18%
- 6M
- 0.44%
- 1Y
- 17.10%
- 3Y*
- 43.71%
- 5Y*
- 30.30%
- 10Y*
- 15.97%
DB
- 1D
- -0.51%
- 1M
- 1.32%
- YTD
- -15.73%
- 6M
- -11.29%
- 1Y
- 15.51%
- 3Y*
- 47.97%
- 5Y*
- 19.93%
- 10Y*
- 10.35%
NWG vs. DB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWG NatWest Group plc | -5.18% | 81.29% | 92.31% | -4.69% | 11.23% | 39.24% | -24.92% | 29.18% | -26.25% | 38.16% |
DB Deutsche Bank Aktiengesellschaft | -15.73% | 132.42% | 29.52% | 21.34% | -5.86% | 14.68% | 40.10% | -2.89% | -56.72% | 18.96% |
Correlation
The correlation between NWG and DB is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2007 | 0.64 |
The correlation between NWG and DB has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.
Fundamentals
NWG:
$2.95
DB:
$4.47
NWG:
5.39
DB:
7.02
NWG:
0.20
DB:
0.12
NWG:
1.09
DB:
0.94
NWG:
$29.58B
DB:
$53.12B
NWG:
$16.97B
DB:
$30.48B
NWG:
$9.10B
DB:
$9.93B
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Return for Risk
NWG vs. DB — Risk / Return Rank
NWG
DB
NWG vs. DB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NatWest Group plc (NWG) and Deutsche Bank Aktiengesellschaft (DB). 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.
| NWG | DB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.11 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.53 | +0.19 |
| Martin ratioReturn relative to average drawdown | 1.80 | 1.25 | +0.55 |
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
| NWG | DB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.47 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.54 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.26 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.03 | -0.14 |
Drawdowns
NWG vs. DB - Drawdown Comparison
The maximum NWG drawdown since its inception was -96.96%, roughly equal to the maximum DB drawdown of -94.73%. Use the drawdown chart below to compare losses from any high point for NWG and DB.
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Drawdown Indicators
| NWG | DB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.96% | -94.73% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -24.03% | -29.66% | +5.63% |
Max Drawdown (3Y)Largest decline over 3 years | -34.62% | -29.66% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -40.56% | -54.19% | +13.63% |
Max Drawdown (10Y)Largest decline over 10 years | -67.34% | -71.97% | +4.63% |
Current DrawdownCurrent decline from peak | -71.45% | -65.16% | -6.29% |
Average DrawdownAverage peak-to-trough decline | -86.22% | -53.67% | -32.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.60% | 12.43% | -2.83% |
Volatility
NWG vs. DB - Volatility Comparison
The current volatility for NatWest Group plc (NWG) is 8.65%, while Deutsche Bank Aktiengesellschaft (DB) has a volatility of 9.71%. This indicates that NWG experiences smaller price fluctuations and is considered to be less risky than DB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWG | DB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 9.71% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 23.92% | 25.20% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.41% | 32.88% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.53% | 37.43% | -3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.32% | 40.26% | -1.94% |
Dividends
NWG vs. DB - Dividend Comparison
NWG's dividend yield for the trailing twelve months is around 5.51%, more than DB's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DB Deutsche Bank Aktiengesellschaft | 3.72% | 1.99% | 2.87% | 2.40% | 1.84% | 0.00% | 0.00% | 1.58% | 1.58% | 1.00% | 0.00% | 3.11% |
NWG NatWest Group plc | 5.51% | 3.69% | 4.36% | 9.42% | 11.57% | 2.74% | 4.59% | 9.75% | 0.91% | 0.00% | 0.00% | 0.00% |
Financials
NWG vs. DB - Financials Comparison
This section allows you to compare key financial metrics between NatWest Group plc and Deutsche Bank Aktiengesellschaft. 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
NWG vs. DB - Profitability Comparison
NWG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NatWest Group plc reported a gross profit of 4.36B and revenue of 7.39B. Therefore, the gross margin over that period was 59.0%.
DB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Deutsche Bank Aktiengesellschaft reported a gross profit of 8.15B and revenue of 15.29B. Therefore, the gross margin over that period was 53.3%.
NWG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NatWest Group plc reported an operating income of 2.03B and revenue of 7.39B, resulting in an operating margin of 27.5%.
DB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Deutsche Bank Aktiengesellschaft reported an operating income of 3.04B and revenue of 15.29B, resulting in an operating margin of 19.9%.
NWG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NatWest Group plc reported a net income of 1.51B and revenue of 7.39B, resulting in a net margin of 20.4%.
DB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Deutsche Bank Aktiengesellschaft reported a net income of 2.12B and revenue of 15.29B, resulting in a net margin of 13.9%.
Frequently Asked Questions
NWG and DB have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DB has higher volatility (9.71%) compared to NWG (8.65%). In terms of maximum drawdown, NWG dropped -96.96% vs DB's -94.73%.
NWG currently has the higher Sharpe Ratio (0.55 vs 0.47), 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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