WFC vs. NOC
WFC (Wells Fargo & Company) and NOC (Northrop Grumman Corporation) are both stocks. WFC operates in Banks - Diversified (Financial Services), while NOC operates in Aerospace & Defense (Industrials). Over the past 10 years, WFC returned 8.95%/yr vs 11.53%/yr for NOC. At a 0.26 correlation, their price movements are largely independent.
Performance
WFC vs. NOC - Performance Comparison
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Returns By Period
In the year-to-date period, WFC achieves a -9.20% return, which is significantly lower than NOC's -2.75% return. Over the past 10 years, WFC has underperformed NOC with an annualized return of 8.95%, while NOC has yielded a comparatively higher 11.53% annualized return.
WFC
- 1D
- 1.61%
- 1M
- 13.47%
- YTD
- -9.20%
- 6M
- -8.77%
- 1Y
- 18.25%
- 3Y*
- 28.38%
- 5Y*
- 15.64%
- 10Y*
- 8.95%
NOC
- 1D
- -0.40%
- 1M
- 0.75%
- YTD
- -2.75%
- 6M
- -2.67%
- 1Y
- 8.17%
- 3Y*
- 8.64%
- 5Y*
- 9.73%
- 10Y*
- 11.53%
WFC vs. NOC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFC Wells Fargo & Company | -9.20% | 35.57% | 46.48% | 22.94% | -11.92% | 61.15% | -41.65% | 21.44% | -21.83% | 13.21% |
NOC Northrop Grumman Corporation | -2.75% | 23.61% | 1.93% | -12.79% | 43.02% | 29.29% | -9.92% | 42.69% | -18.95% | 33.88% |
Correlation
The correlation between WFC and NOC is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1981 | 0.26 |
The correlation between WFC and NOC shifts across timeframes, from 0.11 (3 years) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
WFC:
$269.39B
NOC:
$78.42B
WFC:
$6.73
NOC:
$31.95
WFC:
12.44
NOC:
17.22
WFC:
1.07
NOC:
2.54
WFC:
2.15
NOC:
1.86
WFC:
1.65
NOC:
4.58
WFC:
$125.70B
NOC:
$42.37B
WFC:
$81.14B
NOC:
$8.69B
WFC:
$31.58B
NOC:
$7.50B
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Return for Risk
WFC vs. NOC — Risk / Return Rank
WFC
NOC
WFC vs. NOC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wells Fargo & Company (WFC) 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.
| WFC | NOC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.11 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 0.40 | +0.28 |
| Martin ratioReturn relative to average drawdown | 1.54 | 1.02 | +0.52 |
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Drawdowns
WFC vs. NOC - Drawdown Comparison
The maximum WFC drawdown since its inception was -79.01%, which is greater than NOC's maximum drawdown of -71.12%. Use the drawdown chart below to compare losses from any high point for WFC and NOC.
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Drawdown Indicators
| WFC | NOC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.01% | -71.12% | -7.89% |
Max Drawdown (1Y)Largest decline over 1 year | -23.02% | -31.20% | +8.18% |
Max Drawdown (3Y)Largest decline over 3 years | -24.73% | -31.20% | +6.47% |
Max Drawdown (5Y)Largest decline over 5 years | -37.10% | -31.20% | -5.90% |
Max Drawdown (10Y)Largest decline over 10 years | -64.46% | -36.38% | -28.08% |
Current DrawdownCurrent decline from peak | -12.21% | -28.03% | +15.82% |
Average DrawdownAverage peak-to-trough decline | -15.35% | -18.40% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.18% | 12.25% | -2.07% |
Volatility
WFC vs. NOC - Volatility Comparison
The current volatility for Wells Fargo & Company (WFC) is 5.95%, while Northrop Grumman Corporation (NOC) has a volatility of 7.39%. This indicates that WFC experiences smaller price fluctuations and is considered to be less risky than NOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WFC | NOC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 7.39% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 19.95% | 21.25% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.75% | 26.55% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.23% | 25.28% | +4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.28% | 25.42% | +6.86% |
Dividends
WFC vs. NOC - Dividend Comparison
WFC's dividend yield for the trailing twelve months is around 2.15%, more than NOC's 1.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOC Northrop Grumman Corporation | 1.71% | 1.58% | 1.72% | 1.57% | 1.24% | 1.59% | 1.86% | 1.50% | 1.92% | 1.27% | 1.50% | 1.64% |
WFC Wells Fargo & Company | 2.15% | 1.82% | 2.14% | 2.64% | 2.66% | 1.25% | 4.04% | 3.57% | 3.56% | 2.54% | 2.75% | 2.71% |
Financials
WFC vs. NOC - Financials Comparison
This section allows you to compare key financial metrics between Wells Fargo & Company and Northrop Grumman Corporation. 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
WFC vs. NOC - Profitability Comparison
WFC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wells Fargo & Company reported a gross profit of 20.31B and revenue of 31.80B. Therefore, the gross margin over that period was 63.9%.
NOC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported a gross profit of 1.96B and revenue of 9.88B. Therefore, the gross margin over that period was 19.8%.
WFC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wells Fargo & Company reported an operating income of 5.85B and revenue of 31.80B, resulting in an operating margin of 18.4%.
NOC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported an operating income of 989.00M and revenue of 9.88B, resulting in an operating margin of 10.0%.
WFC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wells Fargo & Company reported a net income of 5.29B and revenue of 31.80B, resulting in a net margin of 16.6%.
NOC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northrop Grumman Corporation reported a net income of 875.00M and revenue of 9.88B, resulting in a net margin of 8.9%.
Frequently Asked Questions
WFC and NOC have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOC has higher volatility (7.39%) compared to WFC (5.95%). In terms of maximum drawdown, WFC dropped -79.01% vs NOC's -71.12%.
WFC currently has the higher Sharpe Ratio (0.59 vs 0.47), 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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