SNOW vs. V

Last updated Jun 9, 2026

SNOW (Snowflake Inc.) and V (Visa Inc.) are both stocks. SNOW operates in Software - Application (Technology), while V operates in Credit Services (Financial Services). Over the past 5 years, SNOW returned -0.54%/yr vs 7.39%/yr for V. At a 0.26 correlation, their price movements are largely independent.

Performance

SNOW vs. V - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Snowflake Inc. (SNOW) and Visa Inc. (V). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNOW achieves a 9.61% return, which is significantly higher than V's -8.47% return.

SNOW

• 1D: 0.92%
• 1M: 57.72%
• YTD: 9.61%
• 6M: 6.72%
• 1Y: 14.04%
• 3Y*: 12.11%
• 5Y*: -0.54%
• 10Y*: —

V

• 1D: -1.21%
• 1M: 0.48%
• YTD: -8.47%
• 6M: -1.79%
• 1Y: -12.97%
• 3Y*: 13.52%
• 5Y*: 7.39%
• 10Y*: 15.64%

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

SNOW vs. V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SNOW Snowflake Inc.	9.61%	42.06%	-22.41%	38.64%	-57.63%	20.38%	14.86%
V Visa Inc.	-8.47%	11.76%	22.32%	26.31%	-3.40%	-0.31%	6.66%

Correlation

The correlation between SNOW and V is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Sep 16, 2020	0.26

The correlation between SNOW and V shifts across timeframes, from 0.17 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS SNOW : -$3.53 V : $15.24
PS Ratio SNOW : 16.21 V : 10.84
Total Revenue (TTM) SNOW : $5.03B V : $43.03B
Gross Profit (TTM) SNOW : $3.38B V : $16.94B
EBITDA (TTM) SNOW : -$1.21B V : $27.63B

Return for Risk

SNOW vs. V — Risk / Return Rank

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

SNOW

SNOW Risk / Return Rank: 50
SNOW Sharpe Ratio Rank: 50
SNOW Sortino Ratio Rank: 52
SNOW Omega Ratio Rank: 52
SNOW Calmar Ratio Rank: 48
SNOW Martin Ratio Rank: 49

V

V Risk / Return Rank: 17
V Sharpe Ratio Rank: 16
V Sortino Ratio Rank: 16
V Omega Ratio Rank: 17
V Calmar Ratio Rank: 18
V Martin Ratio Rank: 16

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.

SNOW vs. V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Snowflake Inc. (SNOW) and Visa Inc. (V). 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.

	SNOW	V	Difference
Sharpe ratio: Return per unit of total volatility	0.22	-0.58	+0.80
Sortino ratio: Return per unit of downside risk	0.88	-0.72	+1.60
Omega ratio: Gain probability vs. loss probability	1.11	0.91	+0.20
Calmar ratio: Return relative to maximum drawdown	0.25	-0.64	+0.89
Martin ratio: Return relative to average drawdown	0.54	-1.18	+1.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNOW vs. V - Sharpe Ratio Comparison

The current SNOW Sharpe Ratio is 0.22, which is higher than the V Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of SNOW and V, 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

	SNOW	V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	-0.58	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.33	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.69	-0.70

Drawdowns

SNOW vs. V - Drawdown Comparison

The maximum SNOW drawdown since its inception was -72.99%, which is greater than V's maximum drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for SNOW and V.

Drawdown Indicators

	SNOW	V	Difference
Max Drawdown Largest peak-to-trough decline	-72.99%	-51.90%	-21.09%
Max Drawdown (1Y) Largest decline over 1 year	-56.30%	-20.38%	-35.92%
Max Drawdown (3Y) Largest decline over 3 years	-56.30%	-20.38%	-35.92%
Max Drawdown (5Y) Largest decline over 5 years	-72.99%	-28.60%	-44.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.36%	—
Current Drawdown Current decline from peak	-40.17%	-13.69%	-26.48%
Average Drawdown Average peak-to-trough decline	-49.08%	-8.26%	-40.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.86%	11.03%	+14.83%

Volatility

SNOW vs. V - Volatility Comparison

Snowflake Inc. (SNOW) has a higher volatility of 35.49% compared to Visa Inc. (V) at 5.74%. This indicates that SNOW's price experiences larger fluctuations and is considered to be riskier than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNOW	V	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.49%	5.74%	+29.75%
Volatility (6M) Calculated over the trailing 6-month period	52.71%	17.50%	+35.21%
Volatility (1Y) Calculated over the trailing 1-year period	65.40%	22.32%	+43.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.91%	22.80%	+39.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.75%	24.47%	+38.28%

Dividends

SNOW vs. V - Dividend Comparison

SNOW has not paid dividends to shareholders, while V's dividend yield for the trailing twelve months is around 0.81%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SNOW Snowflake Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Financials

SNOW vs. V - Profitability Comparison

The chart below illustrates the profitability comparison between Snowflake Inc. and Visa Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SNOW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Snowflake Inc. reported a gross profit of 926.45M and revenue of 1.39B. Therefore, the gross margin over that period was 66.6%.

V - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported a gross profit of -8.90B and revenue of 11.23B. Therefore, the gross margin over that period was -79.3%.

SNOW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Snowflake Inc. reported an operating income of -326.15M and revenue of 1.39B, resulting in an operating margin of -23.5%.

V - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported an operating income of 7.23B and revenue of 11.23B, resulting in an operating margin of 64.4%.

SNOW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Snowflake Inc. reported a net income of -295.57M and revenue of 1.39B, resulting in a net margin of -21.3%.

V - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported a net income of 6.02B and revenue of 11.23B, resulting in a net margin of 53.6%.

Frequently Asked Questions

Can I hold both SNOW and V in my portfolio?

SNOW and V have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNOW or V?

SNOW has higher volatility (35.49%) compared to V (5.74%). In terms of maximum drawdown, SNOW dropped -72.99% vs V's -51.90%.

Which has better risk-adjusted returns?

SNOW currently has the higher Sharpe Ratio (0.22 vs -0.58), 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.