WAR vs. NOC

Last updated Jun 24, 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. At a correlation of -0.04, they often move in opposite directions.

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: -4.72%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NOC

• 1D: 1.16%
• 1M: -7.22%
• YTD: -9.31%
• 6M: -10.85%
• 1Y: 4.32%
• 3Y*: 5.91%
• 5Y*: 8.52%
• 10Y*: 10.97%

*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	-4.38%
NOC Northrop Grumman Corporation	-7.22%

Correlation

The correlation between WAR and NOC is -0.04, 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 (All Time) Calculated using the full available price history since May 26, 2026	-0.04

Return for Risk

WAR vs. NOC — Risk / Return Rank

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

WAR

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

NOC

NOC Risk / Return Rank: 45
NOC Sharpe Ratio Rank: 49
NOC Sortino Ratio Rank: 42
NOC Omega Ratio Rank: 42
NOC Calmar Ratio Rank: 45
NOC Martin Ratio Rank: 47

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.

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.

	WAR	NOC	Difference
Sharpe ratio: Return per unit of total volatility	—	0.16	—
Sortino ratio: Return per unit of downside risk	—	0.43	—
Omega ratio: Gain probability vs. loss probability	—	1.05	—
Calmar ratio: Return relative to maximum drawdown	—	0.13	—
Martin ratio: Return relative to average drawdown	—	0.33	—

Drawdowns

WAR vs. NOC - Drawdown Comparison

The maximum WAR drawdown since its inception was -13.13%, 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	-13.13%	-71.12%	+57.99%
Max Drawdown (1Y) Largest decline over 1 year	—	-33.65%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.38%	—
Current Drawdown Current decline from peak	-10.38%	-32.88%	+22.50%
Average Drawdown Average peak-to-trough decline	-5.48%	-18.41%	+12.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.09%	—

Volatility

Volatility by Period

	WAR	NOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	52.90%	26.58%	+26.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.90%	25.43%	+27.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.90%	25.51%	+27.39%

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 1.83%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOC Northrop Grumman Corporation	1.83%	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 -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.