VPU vs. NOVN.SW

Last updated Jun 9, 2026

VPU (Vanguard Utilities ETF) is Utilities Equities fund tracking the MSCI US Investable Market Utilities 25/50 Index, while NOVN.SW (Novartis AG) is a stock. Over the past 10 years, VPU returned 8.85%/yr vs 12.27%/yr for NOVN.SW. At a 0.22 correlation, their price movements are largely independent.

Performance

VPU vs. NOVN.SW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Utilities ETF (VPU) and Novartis AG (NOVN.SW). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VPU is traded in USD, while NOVN.SW is traded in CHF. To make them comparable, the NOVN.SW values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VPU achieves a 2.68% return, which is significantly lower than NOVN.SW's 9.27% return. Over the past 10 years, VPU has underperformed NOVN.SW with an annualized return of 8.85%, while NOVN.SW has yielded a comparatively higher 12.27% annualized return.

VPU

• 1D: -1.87%
• 1M: -2.65%
• YTD: 2.68%
• 6M: 3.11%
• 1Y: 10.68%
• 3Y*: 12.74%
• 5Y*: 8.91%
• 10Y*: 8.85%

NOVN.SW

• 1D: 2.41%
• 1M: 0.52%
• YTD: 9.27%
• 6M: 14.43%
• 1Y: 28.10%
• 3Y*: 19.80%
• 5Y*: 15.74%
• 10Y*: 12.27%

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

VPU vs. NOVN.SW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VPU Vanguard Utilities ETF	2.68%	16.46%	23.04%	-7.45%	1.06%	17.40%	-0.74%	24.89%	4.38%	12.44%
NOVN.SW Novartis AG	9.27%	46.11%	0.96%	22.94%	7.48%	-3.63%	4.07%	30.55%	5.39%	21.32%

Correlation

The correlation between VPU and NOVN.SW is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Sep 3, 2007	0.22

Return for Risk

VPU vs. NOVN.SW — Risk / Return Rank

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

VPU

VPU Risk / Return Rank: 23
VPU Sharpe Ratio Rank: 23
VPU Sortino Ratio Rank: 22
VPU Omega Ratio Rank: 22
VPU Calmar Ratio Rank: 27
VPU Martin Ratio Rank: 22

NOVN.SW

NOVN.SW Risk / Return Rank: 75
NOVN.SW Sharpe Ratio Rank: 79
NOVN.SW Sortino Ratio Rank: 72
NOVN.SW Omega Ratio Rank: 72
NOVN.SW Calmar Ratio Rank: 77
NOVN.SW Martin Ratio Rank: 77

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.

VPU vs. NOVN.SW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Utilities ETF (VPU) and Novartis AG (NOVN.SW). 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.

	VPU	NOVN.SW	Difference
Sharpe ratio: Return per unit of total volatility	0.75	1.45	-0.70
Sortino ratio: Return per unit of downside risk	1.09	1.95	-0.86
Omega ratio: Gain probability vs. loss probability	1.14	1.25	-0.11
Calmar ratio: Return relative to maximum drawdown	1.20	2.28	-1.07
Martin ratio: Return relative to average drawdown	2.66	5.55	-2.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VPU vs. NOVN.SW - Sharpe Ratio Comparison

The current VPU Sharpe Ratio is 0.75, which is lower than the NOVN.SW Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of VPU and NOVN.SW, 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

	VPU	NOVN.SW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	1.45	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.81	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.65	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.55	-0.02

Drawdowns

VPU vs. NOVN.SW - Drawdown Comparison

The maximum VPU drawdown since its inception was -46.31%, which is greater than NOVN.SW's maximum drawdown of -40.85%. Use the drawdown chart below to compare losses from any high point for VPU and NOVN.SW.

Drawdown Indicators

	VPU	NOVN.SW	Difference
Max Drawdown Largest peak-to-trough decline	-46.31%	-40.85%	-5.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-13.01%	+4.11%
Max Drawdown (3Y) Largest decline over 3 years	-17.34%	-19.68%	+2.34%
Max Drawdown (5Y) Largest decline over 5 years	-25.15%	-21.10%	-4.05%
Max Drawdown (10Y) Largest decline over 10 years	-36.42%	-24.72%	-11.70%
Current Drawdown Current decline from peak	-7.71%	-10.88%	+3.17%
Average Drawdown Average peak-to-trough decline	-7.78%	-9.01%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	5.30%	-1.28%

Volatility

VPU vs. NOVN.SW - Volatility Comparison

The current volatility for Vanguard Utilities ETF (VPU) is 5.56%, while Novartis AG (NOVN.SW) has a volatility of 6.66%. This indicates that VPU experiences smaller price fluctuations and is considered to be less risky than NOVN.SW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPU	NOVN.SW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	6.66%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	11.53%	15.00%	-3.47%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	20.53%	-6.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	19.42%	-2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.14%	18.99%	+0.15%

Dividends

VPU vs. NOVN.SW - Dividend Comparison

VPU's dividend yield for the trailing twelve months is around 2.70%, less than NOVN.SW's 3.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOVN.SW Novartis AG	3.19%	3.19%	3.72%	3.77%	3.91%	3.94%	3.72%	3.27%	3.98%	3.98%	4.35%	3.58%
VPU Vanguard Utilities ETF	2.70%	2.73%	3.02%	3.49%	2.98%	2.70%	3.17%	2.83%	3.23%	3.18%	3.19%	3.63%

Frequently Asked Questions

Can I hold both VPU and NOVN.SW in my portfolio?

VPU and NOVN.SW have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.