SNY vs. NVS
SNY (Sanofi) and NVS (Novartis AG) are both stocks. Both operate in the Drug Manufacturers - General industry within the Healthcare sector. Over the past 10 years, SNY returned 4.59%/yr vs 10.49%/yr for NVS. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
SNY vs. NVS - Performance Comparison
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Returns By Period
In the year-to-date period, SNY achieves a -6.17% return, which is significantly lower than NVS's 16.71% return. Over the past 10 years, SNY has underperformed NVS with an annualized return of 4.59%, while NVS has yielded a comparatively higher 10.49% annualized return.
SNY
- 1D
- 0.44%
- 1M
- -0.19%
- 6M
- -3.34%
- YTD
- -6.17%
- 1Y
- -2.74%
- 3Y*
- -2.29%
- 5Y*
- 0.72%
- 10Y*
- 4.59%
- ALL TIME*
- 5.30%
NVS
- 1D
- -1.45%
- 1M
- -2.35%
- 6M
- 8.22%
- YTD
- 16.71%
- 1Y
- 39.55%
- 3Y*
- 18.79%
- 5Y*
- 15.30%
- 10Y*
- 10.49%
- ALL TIME*
- 9.10%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
NVS Novartis AG | $287.25M | $275.96M | $277.92M |
SNY Sanofi | $172.97M | $151.05M | $146.29M |
SNY vs. NVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNY Sanofi | -6.17% | 4.93% | 1.09% | 6.55% | 0.57% | 7.00% | 0.39% | 20.47% | 6.06% | 9.96% |
NVS Novartis AG | 16.71% | 46.95% | 0.02% | 16.14% | 8.06% | -3.65% | 3.34% | 13.92% | 5.95% | 19.42% |
Correlation
The correlation between SNY and NVS is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2002 | 0.55 |
The correlation between SNY and NVS has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.
Fundamentals
SNY:
$103.44B
NVS:
$296.80B
SNY:
€1.63
NVS:
$6.63
SNY:
22.94
NVS:
23.56
SNY:
2.11
NVS:
1.59
SNY:
1.86
NVS:
5.40
SNY:
1.29
NVS:
7.19
SNY:
€48.92B
NVS:
$55.63B
SNY:
€35.72B
NVS:
$41.41B
SNY:
€12.41B
NVS:
$22.26B
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Return for Risk
SNY vs. NVS — Risk / Return Rank
SNY
NVS
SNY vs. NVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sanofi (SNY) 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.
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.
| SNY | NVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.33 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.29 | -3.32 |
| Martin ratioReturn relative to average drawdown | -0.04 | 7.73 | -7.77 |
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Drawdowns
SNY vs. NVS - Drawdown Comparison
The maximum SNY drawdown since its inception was -46.46%, which is greater than NVS's maximum drawdown of -42.10%. Use the drawdown chart below to compare losses from any high point for SNY and NVS.
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Drawdown Indicators
| SNY | NVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.46% | -42.10% | -4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -12.65% | -4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -19.95% | -3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -33.52% | -20.42% | -13.10% |
Max Drawdown (10Y)Largest decline over 10 years | -33.52% | -26.03% | -7.49% |
Current DrawdownCurrent decline from peak | -20.08% | -4.58% | -15.50% |
Average DrawdownAverage peak-to-trough decline | -12.24% | -10.90% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.59% | 5.38% | +4.21% |
Volatility
SNY vs. NVS - Volatility Comparison
Sanofi (SNY) has a higher volatility of 8.66% compared to Novartis AG (NVS) at 7.89%. This indicates that SNY'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.
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Volatility by Period
| SNY | NVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 7.89% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 17.58% | 16.05% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.74% | 21.74% | +5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.17% | 19.28% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.49% | 19.73% | +3.76% |
Dividends
SNY vs. NVS - Dividend Comparison
SNY's dividend yield for the trailing twelve months is around 5.62%, more than NVS's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVS Novartis AG | 3.06% | 2.90% | 3.84% | 3.44% | 3.70% | 3.86% | 3.22% | 3.03% | 3.47% | 3.24% | 3.73% | 3.10% |
SNY Sanofi | 5.62% | 4.56% | 4.22% | 3.83% | 4.32% | 3.80% | 3.61% | 3.47% | 4.29% | 3.82% | 4.11% | 3.77% |
Financials
SNY vs. NVS - Financials Comparison
This section allows you to compare key financial metrics between Sanofi and Novartis AG. 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
SNY vs. NVS - Profitability Comparison
SNY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Sanofi reported a gross profit of 9.28B and revenue of 12.30B. Therefore, the gross margin over that period was 75.5%.
NVS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Novartis AG reported a gross profit of 10.74B and revenue of 14.42B. Therefore, the gross margin over that period was 74.5%.
SNY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Sanofi reported an operating income of 2.38B and revenue of 12.30B, resulting in an operating margin of 19.4%.
NVS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Novartis AG reported an operating income of 4.74B and revenue of 14.42B, resulting in an operating margin of 32.8%.
SNY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Sanofi reported a net income of 343.00M and revenue of 12.30B, resulting in a net margin of 2.8%.
NVS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Novartis AG reported a net income of 3.27B and revenue of 14.42B, resulting in a net margin of 22.7%.
Frequently Asked Questions
SNY and NVS have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNY has higher volatility (8.66%) compared to NVS (7.89%). In terms of maximum drawdown, SNY dropped -46.46% vs NVS's -42.10%.
NVS currently has the higher Sharpe Ratio (1.93 vs -0.01), 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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