SOLV vs. NLOP

Last updated Jun 4, 2026

SOLV (Solventum Corp) and NLOP (Net Lease Office Properties) are both stocks. SOLV operates in Medical Instruments & Supplies (Healthcare), while NLOP operates in REIT - Office (Real Estate). Over the past year, SOLV returned 5.52% vs 18.16% for NLOP. At a 0.23 correlation, their price movements are largely independent.

Performance

SOLV vs. NLOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solventum Corp (SOLV) and Net Lease Office Properties (NLOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOLV achieves a -1.11% return, which is significantly lower than NLOP's 11.81% return.

SOLV

• 1D: 2.53%
• 1M: 16.19%
• YTD: -1.11%
• 6M: -8.08%
• 1Y: 5.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NLOP

• 1D: -1.98%
• 1M: -11.29%
• YTD: 11.81%
• 6M: 13.44%
• 1Y: 18.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLV vs. NLOP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOLV Solventum Corp	-1.11%	19.95%	-17.43%
NLOP Net Lease Office Properties	11.81%	5.88%	36.71%

Correlation

The correlation between SOLV and NLOP is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024	0.23

Fundamentals

Market Cap SOLV : $13.75B NLOP : $175.69M
EPS SOLV : $8.17 NLOP : -$8.15
PS Ratio SOLV : 1.66 NLOP : 1.94
PB Ratio SOLV : 2.77 NLOP : 1.03
Total Revenue (TTM) SOLV : $8.26B NLOP : $90.78M
Gross Profit (TTM) SOLV : $4.43B NLOP : -$8.77M
EBITDA (TTM) SOLV : $2.62B NLOP : -$563.00K

Return for Risk

SOLV vs. NLOP — Risk / Return Rank

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

SOLV

SOLV Risk / Return Rank: 44
SOLV Sharpe Ratio Rank: 49
SOLV Sortino Ratio Rank: 42
SOLV Omega Ratio Rank: 40
SOLV Calmar Ratio Rank: 45
SOLV Martin Ratio Rank: 47

NLOP

NLOP Risk / Return Rank: 63
NLOP Sharpe Ratio Rank: 67
NLOP Sortino Ratio Rank: 59
NLOP Omega Ratio Rank: 59
NLOP Calmar Ratio Rank: 65
NLOP Martin Ratio Rank: 69

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.

SOLV vs. NLOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solventum Corp (SOLV) and Net Lease Office Properties (NLOP). 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.

	SOLV	NLOP	Difference
Sharpe ratio: Return per unit of total volatility	0.21	0.80	-0.59
Sortino ratio: Return per unit of downside risk	0.49	1.19	-0.71
Omega ratio: Gain probability vs. loss probability	1.06	1.16	-0.10
Calmar ratio: Return relative to maximum drawdown	0.20	1.21	-1.01
Martin ratio: Return relative to average drawdown	0.46	3.48	-3.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOLV vs. NLOP - Sharpe Ratio Comparison

The current SOLV Sharpe Ratio is 0.21, which is lower than the NLOP Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of SOLV and NLOP, 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

	SOLV	NLOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	0.80	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	1.68	-1.71

Drawdowns

SOLV vs. NLOP - Drawdown Comparison

The maximum SOLV drawdown since its inception was -39.97%, which is greater than NLOP's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for SOLV and NLOP.

Drawdown Indicators

	SOLV	NLOP	Difference
Max Drawdown Largest peak-to-trough decline	-39.97%	-19.23%	-20.74%
Max Drawdown (1Y) Largest decline over 1 year	-27.46%	-15.03%	-12.43%
Current Drawdown Current decline from peak	-9.03%	-11.29%	+2.26%
Average Drawdown Average peak-to-trough decline	-15.48%	-5.73%	-9.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.97%	5.23%	+6.74%

Volatility

SOLV vs. NLOP - Volatility Comparison

The current volatility for Solventum Corp (SOLV) is 6.25%, while Net Lease Office Properties (NLOP) has a volatility of 11.33%. This indicates that SOLV experiences smaller price fluctuations and is considered to be less risky than NLOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOLV	NLOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.25%	11.33%	-5.08%
Volatility (6M) Calculated over the trailing 6-month period	20.13%	20.00%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	26.77%	22.78%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.79%	38.55%	-6.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.79%	38.55%	-6.76%

Dividends

SOLV vs. NLOP - Dividend Comparison

SOLV has not paid dividends to shareholders, while NLOP's dividend yield for the trailing twelve months is around 188.45%.

Position	TTM	2025	2024	2023
NLOP Net Lease Office Properties	188.45%	27.92%	0.00%	1.84%
SOLV Solventum Corp	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both SOLV and NLOP in my portfolio?

SOLV and NLOP have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOLV or NLOP?

NLOP has higher volatility (11.33%) compared to SOLV (6.25%). In terms of maximum drawdown, SOLV dropped -39.97% vs NLOP's -19.23%.

Which has better risk-adjusted returns?

NLOP currently has the higher Sharpe Ratio (0.80 vs 0.21), 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.