OGN vs. MRK
OGN (Organon & Co.) and MRK (Merck & Co., Inc.) are both stocks. Both operate in the Drug Manufacturers - General industry within the Healthcare sector. Over the past 5 years, OGN returned -13.60%/yr vs 12.62%/yr for MRK. At a 0.26 correlation, their price movements are largely independent.
Performance
OGN vs. MRK - Performance Comparison
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Returns By Period
In the year-to-date period, OGN achieves a 87.63% return, which is significantly higher than MRK's 9.78% return.
OGN
- 1D
- 0.15%
- 1M
- 1.21%
- YTD
- 87.63%
- 6M
- 85.05%
- 1Y
- 43.20%
- 3Y*
- -8.35%
- 5Y*
- -13.60%
- 10Y*
- —
MRK
- 1D
- -0.82%
- 1M
- 1.41%
- YTD
- 9.78%
- 6M
- 13.95%
- 1Y
- 54.09%
- 3Y*
- 3.77%
- 5Y*
- 12.62%
- 10Y*
- 11.18%
OGN vs. MRK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OGN Organon & Co. | 87.63% | -50.71% | 9.92% | -45.12% | -4.86% | -12.15% |
MRK Merck & Co., Inc. | 9.78% | 9.79% | -6.26% | 1.01% | 49.42% | 8.75% |
Correlation
The correlation between OGN and MRK is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2021 | 0.26 |
Fundamentals
OGN:
$3.52B
MRK:
$283.54B
OGN:
$0.94
MRK:
$3.58
OGN:
14.22
MRK:
32.00
OGN:
0.57
MRK:
4.36
OGN:
3.90K
MRK:
6.18
OGN:
$6.16B
MRK:
$65.59B
OGN:
$3.27B
MRK:
$49.79B
OGN:
$1.33B
MRK:
$22.69B
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Return for Risk
OGN vs. MRK — Risk / Return Rank
OGN
MRK
OGN vs. MRK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Organon & Co. (OGN) and Merck & Co., Inc. (MRK). 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.
| OGN | MRK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.35 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 4.78 | -3.88 |
| Martin ratioReturn relative to average drawdown | 1.82 | 12.00 | -10.18 |
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
| OGN | MRK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 2.02 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | 0.54 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | 0.48 | -0.77 |
Drawdowns
OGN vs. MRK - Drawdown Comparison
The maximum OGN drawdown since its inception was -82.69%, which is greater than MRK's maximum drawdown of -68.61%. Use the drawdown chart below to compare losses from any high point for OGN and MRK.
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Drawdown Indicators
| OGN | MRK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.69% | -68.61% | -14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -47.96% | -11.37% | -36.59% |
Max Drawdown (3Y)Largest decline over 3 years | -74.10% | -43.44% | -30.66% |
Max Drawdown (5Y)Largest decline over 5 years | -82.69% | -43.44% | -39.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.44% | — |
Current DrawdownCurrent decline from peak | -59.26% | -8.50% | -50.76% |
Average DrawdownAverage peak-to-trough decline | -43.15% | -18.84% | -24.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.81% | 4.52% | +19.29% |
Volatility
OGN vs. MRK - Volatility Comparison
The current volatility for Organon & Co. (OGN) is 1.33%, while Merck & Co., Inc. (MRK) has a volatility of 8.21%. This indicates that OGN experiences smaller price fluctuations and is considered to be less risky than MRK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OGN | MRK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 8.21% | -6.88% |
Volatility (6M)Calculated over the trailing 6-month period | 52.85% | 17.62% | +35.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.68% | 26.92% | +42.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.81% | 23.62% | +25.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.84% | 22.91% | +25.93% |
Dividends
OGN vs. MRK - Dividend Comparison
OGN's dividend yield for the trailing twelve months is around 0.60%, less than MRK's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRK Merck & Co., Inc. | 2.89% | 3.12% | 3.14% | 2.72% | 2.52% | 3.41% | 3.03% | 2.48% | 2.60% | 3.36% | 3.14% | 3.43% |
OGN Organon & Co. | 0.60% | 4.74% | 7.51% | 7.77% | 4.01% | 1.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
OGN vs. MRK - Financials Comparison
This section allows you to compare key financial metrics between Organon & Co. and Merck & Co., 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
OGN vs. MRK - Profitability Comparison
OGN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Organon & Co. reported a gross profit of 783.00M and revenue of 1.46B. Therefore, the gross margin over that period was 53.6%.
MRK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Merck & Co., Inc. reported a gross profit of 13.34B and revenue of 16.29B. Therefore, the gross margin over that period was 81.9%.
OGN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Organon & Co. reported an operating income of 266.00M and revenue of 1.46B, resulting in an operating margin of 18.2%.
MRK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Merck & Co., Inc. reported an operating income of -1.88B and revenue of 16.29B, resulting in an operating margin of -11.6%.
OGN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Organon & Co. reported a net income of 146.00M and revenue of 1.46B, resulting in a net margin of 10.0%.
MRK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Merck & Co., Inc. reported a net income of -4.24B and revenue of 16.29B, resulting in a net margin of -26.0%.
Frequently Asked Questions
OGN and MRK have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRK has higher volatility (8.21%) compared to OGN (1.33%). In terms of maximum drawdown, OGN dropped -82.69% vs MRK's -68.61%.
MRK currently has the higher Sharpe Ratio (2.02 vs 0.62), 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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