WAR vs. NOC

Last updated Jun 4, 2026

WAR (U.S. Global Technology and Aerospace & Defense ETF) is Aerospace & Defense fund actively managed by US Global, while NOC (Northrop Grumman Corporation) is a stock. A 0.77 correlation means they provide meaningful diversification when combined.

Performance

WAR vs. NOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Technology and Aerospace & Defense ETF (WAR) and Northrop Grumman Corporation (NOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAR

• 1D: -1.92%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NOC

• 1D: -1.96%
• 1M: -6.81%
• YTD: -7.04%
• 6M: -4.20%
• 1Y: 9.44%
• 3Y*: 7.60%
• 5Y*: 8.60%
• 10Y*: 11.12%

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

WAR vs. NOC - Yearly Performance Comparison

	2026 (YTD)
WAR U.S. Global Technology and Aerospace & Defense ETF	2.67%
NOC Northrop Grumman Corporation	-5.11%

Correlation

The correlation between WAR and NOC is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.77

Return for Risk

WAR vs. NOC — Risk / Return Rank

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

NOC

NOC Risk / Return Rank: 48
NOC Sharpe Ratio Rank: 53
NOC Sortino Ratio Rank: 47
NOC Omega Ratio Rank: 46
NOC Calmar Ratio Rank: 47
NOC Martin Ratio Rank: 49

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.

WAR vs. NOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Technology and Aerospace & Defense ETF (WAR) and Northrop Grumman Corporation (NOC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WAR	NOC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.36	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.18	0.45	+4.73

Drawdowns

WAR vs. NOC - Drawdown Comparison

The maximum WAR drawdown since its inception was -1.92%, smaller than the maximum NOC drawdown of -71.12%. Use the drawdown chart below to compare losses from any high point for WAR and NOC.

Drawdown Indicators

	WAR	NOC	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-71.12%	+69.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-31.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.20%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.38%	—
Current Drawdown Current decline from peak	-1.92%	-31.20%	+29.28%
Average Drawdown Average peak-to-trough decline	-0.88%	-18.40%	+17.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.28%	—

Volatility

Volatility by Period

	WAR	NOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.90%	26.20%	+16.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.90%	25.26%	+17.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.90%	25.39%	+17.51%

Dividends

WAR vs. NOC - Dividend Comparison

WAR has not paid dividends to shareholders, while NOC's dividend yield for the trailing twelve months is around 1.79%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOC Northrop Grumman Corporation	1.79%	1.58%	1.72%	1.57%	1.24%	1.59%	1.86%	1.50%	1.92%	1.27%	1.50%	1.64%
WAR U.S. Global Technology and Aerospace & Defense ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAR and NOC in my portfolio?

WAR and NOC have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.