V vs. NVS

Last updated Jun 13, 2026

V (Visa Inc.) and NVS (Novartis AG) are both stocks. V operates in Credit Services (Financial Services), while NVS operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, V returned 15.98%/yr vs 11.14%/yr for NVS. At a 0.36 correlation, their price movements are largely independent.

Performance

V vs. NVS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Visa Inc. (V) and Novartis AG (NVS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, V achieves a -7.69% return, which is significantly lower than NVS's 14.40% return. Over the past 10 years, V has outperformed NVS with an annualized return of 15.98%, while NVS has yielded a comparatively lower 11.14% annualized return.

V

• 1D: 1.05%
• 1M: 0.65%
• YTD: -7.69%
• 6M: -6.93%
• 1Y: -12.51%
• 3Y*: 13.87%
• 5Y*: 7.33%
• 10Y*: 15.98%

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%

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

V vs. NVS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
V Visa Inc.	-7.69%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%
NVS Novartis AG	14.40%	46.95%	0.02%	16.14%	8.06%	-3.65%	3.34%	13.92%	5.95%	19.42%

Correlation

The correlation between V 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	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Mar 19, 2008	0.36

Fundamentals

EPS V : $15.24 NVS : $6.99
PE Ratio V : 21.16 NVS : 21.90
PEG Ratio V : 1.30 NVS : 1.48
PS Ratio V : 10.93 NVS : 5.29
Total Revenue (TTM) V : $43.03B NVS : $56.05B
Gross Profit (TTM) V : $16.94B NVS : $42.19B
EBITDA (TTM) V : $27.63B NVS : $22.40B

Return for Risk

V vs. NVS — Risk / Return Rank

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

V

V Risk / Return Rank: 15
V Sharpe Ratio Rank: 18
V Sortino Ratio Rank: 17
V Omega Ratio Rank: 18
V Calmar Ratio Rank: 15
V Martin Ratio Rank: 5

NVS

NVS Risk / Return Rank: 80
NVS Sharpe Ratio Rank: 82
NVS Sortino Ratio Rank: 79
NVS Omega Ratio Rank: 77
NVS Calmar Ratio Rank: 80
NVS Martin Ratio Rank: 80

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.

V vs. NVS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) 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.

	V	NVS	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	1.47	-2.03
Sortino ratio: Return per unit of downside risk	-0.68	2.10	-2.78
Omega ratio: Gain probability vs. loss probability	0.92	1.26	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.73	2.43	-3.16
Martin ratio: Return relative to average drawdown	-1.57	5.88	-7.45

V vs. NVS - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.56, which is lower than the NVS Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of V and NVS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

V vs. NVS - Drawdown Comparison

The maximum V drawdown since its inception was -51.90%, which is greater than NVS's maximum drawdown of -42.10%. Use the drawdown chart below to compare losses from any high point for V and NVS.

Drawdown Indicators

	V	NVS	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-42.10%	-9.80%
Max Drawdown (1Y) Largest decline over 1 year	-17.18%	-12.65%	-4.53%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-19.95%	-0.43%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	-20.42%	-8.18%
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	-26.03%	-10.33%
Current Drawdown Current decline from peak	-12.96%	-6.46%	-6.50%
Average Drawdown Average peak-to-trough decline	-8.26%	-10.92%	+2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.73%	5.23%	+5.50%

Volatility

V vs. NVS - Volatility Comparison

The current volatility for Visa Inc. (V) is 5.57%, while Novartis AG (NVS) has a volatility of 7.18%. This indicates that V 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.

Volatility by Period

	V	NVS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	7.18%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	14.96%	+2.61%
Volatility (1Y) Calculated over the trailing 1-year period	22.35%	21.02%	+1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.82%	18.89%	+3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.45%	19.64%	+4.81%

Dividends

V vs. NVS - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.81%, less than NVS's 3.12% yield.

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%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Financials

V vs. NVS - Profitability Comparison

The chart below illustrates the profitability comparison between Visa Inc. and Novartis AG over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

V - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported a gross profit of -8.90B and revenue of 11.23B. Therefore, the gross margin over that period was -79.3%.

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%.

V - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported an operating income of 7.23B and revenue of 11.23B, resulting in an operating margin of 64.4%.

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%.

V - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Visa Inc. reported a net income of 6.02B and revenue of 11.23B, resulting in a net margin of 53.6%.

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

Can I hold both V and NVS in my portfolio?

V 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.

Which is riskier, V or NVS?

NVS has higher volatility (7.18%) compared to V (5.57%). In terms of maximum drawdown, V dropped -51.90% vs NVS's -42.10%.

Which has better risk-adjusted returns?

NVS currently has the higher Sharpe Ratio (1.47 vs -0.56), 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.