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 4.63%/yr vs 9.83%/yr for NVS. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
SNY vs. NVS - Performance Comparison
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Returns By Period
In the year-to-date period, SNY achieves a -6.78% return, which is significantly lower than NVS's 7.24% return. Over the past 10 years, SNY has underperformed NVS with an annualized return of 4.63%, while NVS has yielded a comparatively higher 9.83% annualized return.
SNY
- 1D
- -0.37%
- 1M
- -1.96%
- YTD
- -6.78%
- 6M
- -9.38%
- 1Y
- -8.16%
- 3Y*
- -1.21%
- 5Y*
- 0.44%
- 10Y*
- 4.63%
NVS
- 1D
- -1.51%
- 1M
- -2.11%
- YTD
- 7.24%
- 6M
- 11.77%
- 1Y
- 26.69%
- 3Y*
- 17.18%
- 5Y*
- 14.14%
- 10Y*
- 9.83%
SNY vs. NVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SNY Sanofi | -6.78% | 4.93% | 1.09% | 6.55% | 0.57% | 7.00% | 0.39% | 20.47% | 6.06% | 9.96% |
NVS Novartis AG | 7.24% | 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 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 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:
$103.08B
NVS:
$274.91B
SNY:
$3.09
NVS:
$6.99
SNY:
13.86
NVS:
20.53
SNY:
2.21
NVS:
4.96
SNY:
1.42
NVS:
7.14
SNY:
$47.35B
NVS:
$56.05B
SNY:
$34.18B
NVS:
$42.19B
SNY:
$12.63B
NVS:
$22.40B
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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.
| SNY | NVS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.33 | 1.32 | -1.65 |
Sortino ratioReturn per unit of downside risk | -0.28 | 1.88 | -2.17 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.23 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | -0.51 | 2.19 | -2.70 |
Martin ratioReturn relative to average drawdown | -1.01 | 5.58 | -6.59 |
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
| SNY | NVS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.33 | 1.32 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.76 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.50 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.42 | -0.21 |
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 | -20.60% | -12.32% | -8.28% |
Average DrawdownAverage peak-to-trough decline | -12.19% | -10.93% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.39% | 4.97% | +3.42% |
Volatility
SNY vs. NVS - Volatility Comparison
The current volatility for Sanofi (SNY) is 5.39%, while Novartis AG (NVS) has a volatility of 5.77%. This indicates that SNY experiences smaller price fluctuations and is considered to be less risky 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 | 5.39% | 5.77% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.94% | 14.30% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.93% | 20.29% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.68% | 18.78% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.42% | 19.59% | +3.83% |
Dividends
SNY vs. NVS - Dividend Comparison
SNY's dividend yield for the trailing twelve months is around 5.66%, more than NVS's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVS Novartis AG | 3.33% | 2.90% | 3.84% | 3.44% | 3.70% | 3.86% | 3.22% | 3.03% | 3.47% | 3.24% | 3.73% | 3.10% |
SNY Sanofi | 5.66% | 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 Jun 2026, Sanofi reported a gross profit of 8.11B and revenue of 11.24B. Therefore, the gross margin over that period was 72.1%.
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%.
SNY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sanofi reported an operating income of 2.27B and revenue of 11.24B, resulting in an operating margin of 20.2%.
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%.
SNY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sanofi reported a net income of 1.61B and revenue of 11.24B, resulting in a net margin of 14.4%.
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
SNY and NVS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVS has higher volatility (5.77%) compared to SNY (5.39%). In terms of maximum drawdown, SNY dropped -46.46% vs NVS's -42.10%.
NVS currently has the higher Sharpe Ratio (1.32 vs -0.33), 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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