TRV vs. NVS
TRV (The Travelers Companies, Inc.) and NVS (Novartis AG) are both stocks. TRV operates in Insurance - Property & Casualty (Financial Services), while NVS operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, TRV returned 14.59%/yr vs 9.95%/yr for NVS. At a 0.28 correlation, their price movements are largely independent.
Performance
TRV vs. NVS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRV achieves a 28.04% return, which is significantly higher than NVS's 11.78% return. Over the past 10 years, TRV has outperformed NVS with an annualized return of 14.59%, while NVS has yielded a comparatively lower 9.95% annualized return.
TRV
- 1D
- -0.13%
- 1M
- 19.72%
- 6M
- 37.85%
- YTD
- 28.04%
- 1Y
- 40.75%
- 3Y*
- 31.04%
- 5Y*
- 21.74%
- 10Y*
- 14.59%
- ALL TIME*
- 11.80%
NVS
- 1D
- -2.73%
- 1M
- 1.69%
- 6M
- 6.77%
- YTD
- 11.78%
- 1Y
- 34.89%
- 3Y*
- 16.47%
- 5Y*
- 14.79%
- 10Y*
- 9.95%
- ALL TIME*
- 8.95%
TRV vs. NVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRV The Travelers Companies, Inc. | 28.04% | 22.38% | 28.76% | 3.93% | 22.42% | 13.96% | 5.31% | 17.00% | -9.64% | 13.36% |
NVS Novartis AG | 11.78% | 46.95% | 0.02% | 16.14% | 8.06% | -3.65% | 3.34% | 13.92% | 5.95% | 19.42% |
Correlation
The correlation between TRV and NVS is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 1996 | 0.28 |
Fundamentals
TRV:
$78.36B
NVS:
$285.37B
TRV:
$37.59
NVS:
$7.02
TRV:
9.80
NVS:
21.31
TRV:
0.45
NVS:
1.44
TRV:
1.66
NVS:
5.15
TRV:
2.38
NVS:
7.44
TRV:
$48.98B
NVS:
$56.05B
TRV:
$17.01B
NVS:
$42.19B
TRV:
$11.31B
NVS:
$22.40B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRV vs. NVS — Risk / Return Rank
TRV
NVS
TRV vs. NVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Travelers Companies, Inc. (TRV) 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.
| TRV | NVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.28 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.93 | 2.77 | +2.16 |
| Martin ratioReturn relative to average drawdown | 12.51 | 6.58 | +5.93 |
Loading charts...
Drawdowns
TRV vs. NVS - Drawdown Comparison
The maximum TRV drawdown since its inception was -55.11%, which is greater than NVS's maximum drawdown of -42.10%. Use the drawdown chart below to compare losses from any high point for TRV and NVS.
Loading charts...
Drawdown Indicators
| TRV | NVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.11% | -42.10% | -13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -12.65% | +4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -12.47% | -19.95% | +7.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.90% | -20.42% | +1.52% |
Max Drawdown (10Y)Largest decline over 10 years | -46.28% | -26.03% | -20.25% |
Current DrawdownCurrent decline from peak | -0.13% | -8.60% | +8.47% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -10.91% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 5.31% | -2.04% |
Volatility
TRV vs. NVS - Volatility Comparison
The Travelers Companies, Inc. (TRV) has a higher volatility of 10.55% compared to Novartis AG (NVS) at 8.03%. This indicates that TRV'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.
Loading charts...
Volatility by Period
| TRV | NVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 8.03% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 15.87% | 15.98% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.40% | 21.51% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.18% | 19.18% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.60% | 19.69% | +4.91% |
Dividends
TRV vs. NVS - Dividend Comparison
TRV's dividend yield for the trailing twelve months is around 1.23%, less than NVS's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVS Novartis AG | 3.19% | 2.90% | 3.84% | 3.44% | 3.70% | 3.86% | 3.22% | 3.03% | 3.47% | 3.24% | 3.73% | 3.10% |
TRV The Travelers Companies, Inc. | 1.23% | 1.50% | 1.72% | 2.06% | 1.96% | 2.23% | 2.40% | 2.36% | 2.53% | 2.09% | 2.14% | 2.11% |
Financials
TRV vs. NVS - Financials Comparison
This section allows you to compare key financial metrics between The Travelers Companies, Inc. 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
TRV vs. NVS - Profitability Comparison
TRV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, The Travelers Companies, Inc. reported a gross profit of 4.45B and revenue of 12.15B. Therefore, the gross margin over that period was 36.6%.
NVS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
TRV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, The Travelers Companies, Inc. reported an operating income of 2.88B and revenue of 12.15B, resulting in an operating margin of 23.7%.
NVS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Novartis AG reported an operating income of 4.24B and revenue of 13.52B, resulting in an operating margin of 31.3%.
TRV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, The Travelers Companies, Inc. reported a net income of 2.21B and revenue of 12.15B, resulting in a net margin of 18.2%.
NVS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
TRV and NVS have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRV has higher volatility (10.55%) compared to NVS (8.03%). In terms of maximum drawdown, TRV dropped -55.11% vs NVS's -42.10%.
TRV currently has the higher Sharpe Ratio (2.01 vs 1.63), 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.
Find the right allocation for TRV and NVS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer