SNDK vs. NVS

Last updated Jun 9, 2026

SNDK (Sandisk Corporation) and NVS (Novartis AG) are both stocks. SNDK operates in Computer Hardware (Technology), while NVS operates in Drug Manufacturers - General (Healthcare). Over the past year, SNDK returned 4094.13% vs 27.84% for NVS. At a correlation of -0.00, they often move in opposite directions.

Performance

SNDK vs. NVS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sandisk Corporation (SNDK) and Novartis AG (NVS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNDK achieves a 591.72% return, which is significantly higher than NVS's 9.43% return.

SNDK

• 1D: 5.30%
• 1M: 5.10%
• YTD: 591.72%
• 6M: 628.26%
• 1Y: 4,094.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVS

• 1D: -1.84%
• 1M: 0.27%
• YTD: 9.43%
• 6M: 15.91%
• 1Y: 27.84%
• 3Y*: 17.18%
• 5Y*: 13.87%
• 10Y*: 10.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SNDK vs. NVS - Yearly Performance Comparison

	2026 (YTD)	2025
SNDK Sandisk Corporation	591.72%	388.44%
NVS Novartis AG	9.43%	30.93%

Correlation

The correlation between SNDK and NVS is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.00

Fundamentals

Market Cap SNDK : $257.79B NVS : $280.54B
EPS SNDK : $29.70 NVS : $6.99
PE Ratio SNDK : 55.29 NVS : 20.95
PS Ratio SNDK : 18.90 NVS : 5.06
PB Ratio SNDK : 18.71 NVS : 7.28
Total Revenue (TTM) SNDK : $13.18B NVS : $56.05B
Gross Profit (TTM) SNDK : $7.39B NVS : $42.19B
EBITDA (TTM) SNDK : $5.37B NVS : $22.40B

Return for Risk

SNDK vs. NVS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SNDK

SNDK Risk / Return Rank: 100
SNDK Sharpe Ratio Rank: 100
SNDK Sortino Ratio Rank: 99
SNDK Omega Ratio Rank: 99
SNDK Calmar Ratio Rank: 100
SNDK Martin Ratio Rank: 100

NVS

NVS Risk / Return Rank: 77
NVS Sharpe Ratio Rank: 80
NVS Sortino Ratio Rank: 75
NVS Omega Ratio Rank: 73
NVS Calmar Ratio Rank: 77
NVS Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SNDK vs. NVS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sandisk Corporation (SNDK) and Novartis AG (NVS). 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.

	SNDK	NVS	Difference
Sharpe ratio: Return per unit of total volatility	42.05	1.36	+40.70
Sortino ratio: Return per unit of downside risk	8.07	1.94	+6.13
Omega ratio: Gain probability vs. loss probability	2.12	1.24	+0.88
Calmar ratio: Return relative to maximum drawdown	132.65	2.21	+130.44
Martin ratio: Return relative to average drawdown	403.29	5.43	+397.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNDK vs. NVS - Sharpe Ratio Comparison

The current SNDK Sharpe Ratio is 42.05, which is higher than the NVS Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of SNDK and NVS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SNDK	NVS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	42.05	1.36	+40.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	15.00	0.42	+14.58

Drawdowns

SNDK vs. NVS - Drawdown Comparison

The maximum SNDK drawdown since its inception was -47.50%, which is greater than NVS's maximum drawdown of -42.10%. Use the drawdown chart below to compare losses from any high point for SNDK and NVS.

Drawdown Indicators

	SNDK	NVS	Difference
Max Drawdown Largest peak-to-trough decline	-47.50%	-42.10%	-5.40%
Max Drawdown (1Y) Largest decline over 1 year	-31.34%	-12.65%	-18.69%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.03%	—
Current Drawdown Current decline from peak	-10.35%	-10.52%	+0.17%
Average Drawdown Average peak-to-trough decline	-13.75%	-10.93%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.29%	5.14%	+5.15%

Volatility

SNDK vs. NVS - Volatility Comparison

Sandisk Corporation (SNDK) has a higher volatility of 28.48% compared to Novartis AG (NVS) at 6.16%. This indicates that SNDK's price experiences larger fluctuations and is considered to be riskier than NVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNDK	NVS	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.48%	6.16%	+22.32%
Volatility (6M) Calculated over the trailing 6-month period	71.36%	14.45%	+56.91%
Volatility (1Y) Calculated over the trailing 1-year period	99.05%	20.63%	+78.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.38%	18.85%	+78.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.38%	19.62%	+77.76%

Dividends

SNDK vs. NVS - Dividend Comparison

SNDK has not paid dividends to shareholders, while NVS's dividend yield for the trailing twelve months is around 3.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVS Novartis AG	3.26%	2.90%	3.84%	3.44%	3.70%	3.86%	3.22%	3.03%	3.47%	3.24%	3.73%	3.10%
SNDK Sandisk Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

SNDK vs. NVS - Profitability Comparison

The chart below illustrates the profitability comparison between Sandisk Corporation and Novartis AG over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SNDK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sandisk Corporation reported a gross profit of 4.66B and revenue of 5.95B. Therefore, the gross margin over that period was 78.4%.

NVS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Novartis AG reported a gross profit of 10.07B and revenue of 13.52B. Therefore, the gross margin over that period was 74.4%.

SNDK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sandisk Corporation reported an operating income of 4.11B and revenue of 5.95B, resulting in an operating margin of 69.1%.

NVS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novartis AG reported an operating income of 4.24B and revenue of 13.52B, resulting in an operating margin of 31.3%.

SNDK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sandisk Corporation reported a net income of 3.62B and revenue of 5.95B, resulting in a net margin of 60.8%.

NVS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novartis AG reported a net income of 3.16B and revenue of 13.52B, resulting in a net margin of 23.3%.

Frequently Asked Questions

Can I hold both SNDK and NVS in my portfolio?

SNDK and NVS have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNDK or NVS?

SNDK has higher volatility (28.48%) compared to NVS (6.16%). In terms of maximum drawdown, SNDK dropped -47.50% vs NVS's -42.10%.

Which has better risk-adjusted returns?

SNDK currently has the higher Sharpe Ratio (42.05 vs 1.36), 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.