TYGO vs. NVS
TYGO (Tigo Energy Inc.) and NVS (Novartis AG) are both stocks. TYGO operates in Solar (Technology), while NVS operates in Drug Manufacturers - General (Healthcare). Over the past 3 years, TYGO returned -43.32%/yr vs 19.57%/yr for NVS. At a 0.03 correlation, their price movements are largely independent.
Performance
TYGO vs. NVS - Performance Comparison
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Returns By Period
In the year-to-date period, TYGO achieves a 107.97% return, which is significantly higher than NVS's 14.40% return.
TYGO
- 1D
- -2.05%
- 1M
- -25.84%
- YTD
- 107.97%
- 6M
- 81.65%
- 1Y
- 133.33%
- 3Y*
- -43.32%
- 5Y*
- —
- 10Y*
- —
NVS
- 1D
- -0.55%
- 1M
- 2.22%
- YTD
- 14.40%
- 6M
- 18.98%
- 1Y
- 30.60%
- 3Y*
- 19.57%
- 5Y*
- 14.77%
- 10Y*
- 11.14%
TYGO vs. NVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TYGO Tigo Energy Inc. | 107.97% | 40.12% | -52.88% | -79.51% | 3.03% | 3.02% |
NVS Novartis AG | 14.40% | 46.95% | 0.02% | 16.14% | 8.06% | -5.08% |
Correlation
The correlation between TYGO and NVS is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2021 | 0.03 |
Fundamentals
TYGO:
$208.30M
NVS:
$293.28B
TYGO:
$0.05
NVS:
$6.99
TYGO:
57.20
NVS:
21.90
TYGO:
1.75
NVS:
5.29
TYGO:
5.10
NVS:
7.62
TYGO:
$109.89M
NVS:
$56.05B
TYGO:
$47.97M
NVS:
$42.19B
TYGO:
$12.07M
NVS:
$22.40B
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Return for Risk
TYGO vs. NVS — Risk / Return Rank
TYGO
NVS
TYGO vs. NVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tigo Energy Inc. (TYGO) 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.
| TYGO | NVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.43 | +0.27 |
| Martin ratioReturn relative to average drawdown | 6.25 | 5.88 | +0.37 |
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Drawdowns
TYGO vs. NVS - Drawdown Comparison
The maximum TYGO drawdown since its inception was -97.45%, which is greater than NVS's maximum drawdown of -42.10%. Use the drawdown chart below to compare losses from any high point for TYGO and NVS.
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Drawdown Indicators
| TYGO | NVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.45% | -42.10% | -55.35% |
Max Drawdown (1Y)Largest decline over 1 year | -49.64% | -12.65% | -36.99% |
Max Drawdown (3Y)Largest decline over 3 years | -97.45% | -19.95% | -77.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.03% | — |
Current DrawdownCurrent decline from peak | -89.07% | -6.46% | -82.61% |
Average DrawdownAverage peak-to-trough decline | -55.49% | -10.92% | -44.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.42% | 5.23% | +16.19% |
Volatility
TYGO vs. NVS - Volatility Comparison
Tigo Energy Inc. (TYGO) has a higher volatility of 17.85% compared to Novartis AG (NVS) at 7.18%. This indicates that TYGO'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
| TYGO | NVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.85% | 7.18% | +10.67% |
Volatility (6M)Calculated over the trailing 6-month period | 77.62% | 14.96% | +62.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.13% | 21.02% | +80.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.03% | 18.89% | +73.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.03% | 19.64% | +72.39% |
Dividends
TYGO vs. NVS - Dividend Comparison
TYGO has not paid dividends to shareholders, while NVS's dividend yield for the trailing twelve months is around 3.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVS Novartis AG | 3.12% | 2.90% | 3.84% | 3.44% | 3.70% | 3.86% | 3.22% | 3.03% | 3.47% | 3.24% | 3.73% | 3.10% |
TYGO Tigo Energy 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% |
Financials
TYGO vs. NVS - Financials Comparison
This section allows you to compare key financial metrics between Tigo Energy 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
TYGO vs. NVS - Profitability Comparison
TYGO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tigo Energy Inc. reported a gross profit of 10.79M and revenue of 25.20M. Therefore, the gross margin over that period was 42.8%.
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%.
TYGO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tigo Energy Inc. reported an operating income of -2.41M and revenue of 25.20M, resulting in an operating margin of -9.6%.
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%.
TYGO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tigo Energy Inc. reported a net income of -1.75M and revenue of 25.20M, resulting in a net margin of -7.0%.
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
TYGO and NVS have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYGO has higher volatility (17.85%) compared to NVS (7.18%). In terms of maximum drawdown, TYGO dropped -97.45% vs NVS's -42.10%.
NVS currently has the higher Sharpe Ratio (1.47 vs 1.33), 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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