NWN vs. WMT
NWN (Northwest Natural Holding Company) and WMT (Walmart Inc.) are both stocks. NWN operates in Utilities - Regulated Gas (Utilities), while WMT operates in Discount Stores (Consumer Defensive). Over the past 10 years, NWN returned 2.01%/yr vs 19.77%/yr for WMT. At a 0.21 correlation, their price movements are largely independent.
Performance
NWN vs. WMT - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with NWN having a 8.81% return and WMT slightly higher at 9.07%. Over the past 10 years, NWN has underperformed WMT with an annualized return of 2.01%, while WMT has yielded a comparatively higher 19.77% annualized return.
NWN
- 1D
- 1.18%
- 1M
- 0.30%
- YTD
- 8.81%
- 6M
- 8.72%
- 1Y
- 29.18%
- 3Y*
- 9.60%
- 5Y*
- 2.37%
- 10Y*
- 2.01%
WMT
- 1D
- 0.45%
- 1M
- -7.93%
- YTD
- 9.07%
- 6M
- 4.13%
- 1Y
- 28.71%
- 3Y*
- 34.18%
- 5Y*
- 22.42%
- 10Y*
- 19.77%
NWN vs. WMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWN Northwest Natural Holding Company | 8.81% | 23.75% | 6.77% | -14.45% | 1.49% | 10.26% | -35.52% | 25.46% | 4.48% | 2.82% |
WMT Walmart Inc. | 9.07% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
Correlation
The correlation between NWN and WMT is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.21 |
Fundamentals
NWN:
$4.01
WMT:
$2.88
NWN:
12.44
WMT:
42.04
NWN:
3.27
WMT:
2.75
NWN:
1.19
WMT:
1.34
NWN:
$1.29B
WMT:
$725.31B
NWN:
$288.00M
WMT:
$181.16B
NWN:
$426.96M
WMT:
$44.32B
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Return for Risk
NWN vs. WMT — Risk / Return Rank
NWN
WMT
NWN vs. WMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northwest Natural Holding Company (NWN) and Walmart Inc. (WMT). 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.
| NWN | WMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.83 | +0.35 |
| Martin ratioReturn relative to average drawdown | 6.44 | 5.82 | +0.62 |
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Drawdowns
NWN vs. WMT - Drawdown Comparison
The maximum NWN drawdown since its inception was -46.27%, smaller than the maximum WMT drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for NWN and WMT.
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Drawdown Indicators
| NWN | WMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.27% | -77.14% | +30.87% |
Max Drawdown (1Y)Largest decline over 1 year | -13.46% | -15.75% | +2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -21.93% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -32.09% | -25.74% | -6.35% |
Max Drawdown (10Y)Largest decline over 10 years | -46.27% | -25.74% | -20.53% |
Current DrawdownCurrent decline from peak | -15.45% | -9.81% | -5.64% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -14.63% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 4.94% | -0.39% |
Volatility
NWN vs. WMT - Volatility Comparison
The current volatility for Northwest Natural Holding Company (NWN) is 6.76%, while Walmart Inc. (WMT) has a volatility of 9.86%. This indicates that NWN experiences smaller price fluctuations and is considered to be less risky than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NWN | WMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 9.86% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 18.49% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 23.67% | -3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.88% | 21.68% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.15% | 21.73% | +6.42% |
Dividends
NWN vs. WMT - Dividend Comparison
NWN's dividend yield for the trailing twelve months is around 3.95%, more than WMT's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWN Northwest Natural Holding Company | 3.95% | 4.20% | 4.94% | 4.99% | 4.06% | 3.94% | 4.16% | 2.58% | 3.13% | 3.16% | 3.13% | 3.68% |
WMT Walmart Inc. | 0.80% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Financials
NWN vs. WMT - Financials Comparison
This section allows you to compare key financial metrics between Northwest Natural Holding Company and Walmart 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
NWN vs. WMT - Profitability Comparison
NWN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northwest Natural Holding Company reported a gross profit of 0.00 and revenue of 490.40M. Therefore, the gross margin over that period was 0.0%.
WMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a gross profit of 44.69B and revenue of 177.75B. Therefore, the gross margin over that period was 25.1%.
NWN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northwest Natural Holding Company reported an operating income of 162.87M and revenue of 490.40M, resulting in an operating margin of 33.2%.
WMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported an operating income of 7.49B and revenue of 177.75B, resulting in an operating margin of 4.2%.
NWN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northwest Natural Holding Company reported a net income of 97.49M and revenue of 490.40M, resulting in a net margin of 19.9%.
WMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a net income of 5.65B and revenue of 177.75B, resulting in a net margin of 3.2%.
Frequently Asked Questions
NWN and WMT have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WMT has higher volatility (9.86%) compared to NWN (6.76%). In terms of maximum drawdown, NWN dropped -46.27% vs WMT's -77.14%.
NWN currently has the higher Sharpe Ratio (1.46 vs 1.22), 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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