NWG vs. NU
NWG (NatWest Group plc) and NU (Nu Holdings Ltd.) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 3 years, NWG returned 42.89%/yr vs 18.64%/yr for NU. At a 0.31 correlation, their price movements are largely independent.
Performance
NWG vs. NU - Performance Comparison
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Returns By Period
In the year-to-date period, NWG achieves a -5.66% return, which is significantly higher than NU's -30.47% return.
NWG
- 1D
- -1.98%
- 1M
- 4.97%
- YTD
- -5.66%
- 6M
- -0.96%
- 1Y
- 16.03%
- 3Y*
- 42.89%
- 5Y*
- 29.37%
- 10Y*
- 14.32%
NU
- 1D
- -2.43%
- 1M
- -17.80%
- YTD
- -30.47%
- 6M
- -33.26%
- 1Y
- -2.92%
- 3Y*
- 18.64%
- 5Y*
- —
- 10Y*
- —
NWG vs. NU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NWG NatWest Group plc | -5.66% | 81.29% | 92.31% | -4.69% | 11.23% | 5.71% |
NU Nu Holdings Ltd. | -30.47% | 61.58% | 24.37% | 104.67% | -56.61% | -9.20% |
Correlation
The correlation between NWG and NU is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.31 |
Fundamentals
NWG:
$31.84B
NU:
$57.16B
NWG:
$2.95
NU:
$0.65
NWG:
5.36
NU:
17.94
NWG:
0.20
NU:
0.28
NWG:
1.09
NU:
3.25
NWG:
0.73
NU:
4.54
NWG:
$29.58B
NU:
$17.54B
NWG:
$16.97B
NU:
$7.67B
NWG:
$9.10B
NU:
$4.14B
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Return for Risk
NWG vs. NU — Risk / Return Rank
NWG
NU
NWG vs. NU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NatWest Group plc (NWG) and Nu Holdings Ltd. (NU). 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 | NU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | -0.08 | +0.59 |
Sortino ratioReturn per unit of downside risk | 0.93 | 0.16 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.02 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.67 | -0.08 | +0.75 |
Martin ratioReturn relative to average drawdown | 1.69 | -0.21 | +1.90 |
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 | NU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | -0.08 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.05 | -0.16 |
Drawdowns
NWG vs. NU - Drawdown Comparison
The maximum NWG drawdown since its inception was -96.96%, which is greater than NU's maximum drawdown of -72.07%. Use the drawdown chart below to compare losses from any high point for NWG and NU.
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Drawdown Indicators
| NWG | NU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.96% | -72.07% | -24.89% |
Max Drawdown (1Y)Largest decline over 1 year | -24.03% | -37.95% | +13.92% |
Max Drawdown (3Y)Largest decline over 3 years | -34.62% | -39.58% | +4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -40.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -67.34% | — | — |
Current DrawdownCurrent decline from peak | -71.59% | -37.95% | -33.64% |
Average DrawdownAverage peak-to-trough decline | -86.23% | -29.75% | -56.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.53% | 14.13% | -4.60% |
Volatility
NWG vs. NU - Volatility Comparison
The current volatility for NatWest Group plc (NWG) is 9.69%, while Nu Holdings Ltd. (NU) has a volatility of 13.46%. This indicates that NWG experiences smaller price fluctuations and is considered to be less risky than NU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWG | NU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.69% | 13.46% | -3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 23.75% | 28.45% | -4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.20% | 38.69% | -7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.51% | 58.45% | -24.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.31% | 58.45% | -20.14% |
Dividends
NWG vs. NU - Dividend Comparison
NWG's dividend yield for the trailing twelve months is around 5.53%, while NU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NU Nu Holdings Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NWG NatWest Group plc | 5.53% | 3.69% | 4.36% | 9.42% | 11.57% | 2.74% | 4.59% | 9.75% | 0.91% |
Financials
NWG vs. NU - Financials Comparison
This section allows you to compare key financial metrics between NatWest Group plc and Nu Holdings Ltd.. 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. NU - 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%.
NU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nu Holdings Ltd. reported a gross profit of 2.00B and revenue of 4.98B. Therefore, the gross margin over that period was 40.2%.
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%.
NU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nu Holdings Ltd. reported an operating income of 954.31M and revenue of 4.98B, resulting in an operating margin of 19.2%.
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%.
NU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nu Holdings Ltd. reported a net income of 872.06M and revenue of 4.98B, resulting in a net margin of 17.5%.
Frequently Asked Questions
NWG and NU have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NU has higher volatility (13.46%) compared to NWG (9.69%). In terms of maximum drawdown, NWG dropped -96.96% vs NU's -72.07%.
NWG currently has the higher Sharpe Ratio (0.52 vs -0.08), 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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