What is Nvidia's risk, return, and volatility like?
Nvidia returned +104.8% over the 1Y window. On the 5Y lens, Sharpe ratio is 1.18, annualized volatility is 51.6%, and max drawdown is -66.3%.
Cite This Comparison
"Nvidia (NVDA): Returns, Risk & Drawdowns." Gale Finance, April 22, 2026. https://www.gale.finance/assets/nvidia/ Free to use with attribution. Please link back to this page or gale.finance.
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Price history
Nvidia price over the past 5Y
Track Nvidia's standalone price path with macro and asset-specific events enabled by default.
Nvidia price over the past 5Y
Key takeaways
- Total Return: NVDA returned +104.8% over the 1Y window and +1229.8% over the 5Y window ; annualized return over 5Y was +67.8%.
- Risk-adjusted return: Sharpe was 1.18 and Sortino was 1.84 over 5Y. Sharpe counts total volatility; Sortino focuses on downside volatility.
- Volatility & drawdown: Annualized volatility was 33.7% over 1Y and 51.6% over 5Y ; max drawdown was -20.2% over 1Y and -66.3% over 5Y .
- Tail risk (Expected Shortfall): Over 5Y, daily VaR (5%) was -4.9% and Expected Shortfall was -6.9%. VaR is the cutoff; Expected Shortfall is the average move inside the worst 5% of daily returns.
- Skew & kurtosis: Over 5Y, skew was 0.25 and excess kurtosis was 3.88. Skew shows return asymmetry; excess kurtosis shows how fat the tails were versus a Normal distribution.
- Risk ratios: Sortino Ratio: 1.84 , Calmar Ratio: 1.02 , Sterling Ratio: 2.76 , Treynor Ratio: 0.29 , Ulcer Index: 24.06% .
Nvidia Drawdown
Max drawdown shows the deepest peak-to-trough decline Nvidia suffered in each research window. 1Y: -20.2%; 5Y: -66.3%.
Nvidia is currently -2.2% below its prior peak, with the high-water mark at $207.03. 5Y low is $11.21.
5Y drawdown episodes
Nvidia Volatility
Volatility Nvidia's annualized volatility shows how widely daily closes moved over 1Y and 5Y. Higher values mean a noisier path, not automatically a better or worse investment. 1Y: 33.7%; 5Y: 51.6%.
Benchmark context
Where NVDA fits relative to other lenses
Benchmark links are secondary on this page. Use them when you want to place the asset against a specific market, factor, or historical counterpart.
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Risk-adjusted ratios
These ratios compare return against different definitions of risk: total volatility, downside volatility, drawdowns, benchmark beta, and time spent underwater.
Nvidia Sharpe Ratio
NVDA Sharpe Ratio (5Y)
Return per total volatilityThe dot sits at (Nvidia's annualized volatility, its excess annualized return). The slope from the origin to the dot is the Sharpe ratio — steeper means the asset converted risk into return more efficiently.
Sharpe ratio Nvidia's Sharpe ratio measures excess return per unit of total volatility. Higher readings mean the asset converted risk into return more efficiently over the same window. 1Y: 2.18; 5Y: 1.18.
A Sharpe above 1.0 is generally considered good, above 2.0 is excellent. Negative Sharpe means the asset underperformed the risk-free rate. Calculated on each asset's full 365-day lookback of available prices and annualized using the asset calendar (365 for crypto, 252 trading days for equities/ETFs/metals).
Nvidia Sortino Ratio
NVDA Sortino Ratio (5Y)
Return per downside volatilityNvidia's daily-return distribution over the long window. Days left of the target line are the only ones Sortino penalizes in the denominator — so a distribution with a fat left tail produces a smaller Sortino even at the same mean return.
Sortino ratio Nvidia's Sortino ratio isolates downside volatility instead of all volatility. It is the cleaner lens when you care more about bad downside moves than upside noise. 1Y: 3.47; 5Y: 1.84.
A higher Sortino is better. It's useful when upside volatility is common (crypto is the obvious example). Calculated on each asset's full 365-day lookback of available prices, using the daily risk-free rate as the target return, and annualized using the asset calendar (365 for crypto, 252 trading days for equities/ETFs/metals).
Nvidia Calmar Ratio
NVDA Calmar Ratio (5Y)
CAGR per worst drawdownNvidia's CAGR bar sits above zero, the max drawdown bar sits below. Calmar is the ratio of those two magnitudes — a shallow drawdown bar with a tall CAGR bar produces a strong Calmar.
Calmar ratio Nvidia's Calmar ratio measures return per unit of max drawdown. It is useful when the path of losses matters as much as the final return. 1Y: 5.19; 5Y: 1.02.
Calmar is computed on each asset's full 365-day lookback and uses the max drawdown over that same window.
Nvidia Sterling Ratio
NVDA Sterling Ratio (5Y)
Return per average drawdownThe underwater curve shows Nvidia's drawdowns over the long window. Sterling averages every event deeper than the 10% threshold instead of taking only the worst one — so an asset with many mid-size drawdowns scores worse here than on Calmar.
Sterling ratio Nvidia's Sterling ratio compares return against deep drawdown pressure. It gives a harsher read on assets that compound well but suffer ugly declines along the way. 1Y: 4.98; 5Y: 2.76.
Sterling uses average drawdown events deeper than 10% and subtracts the risk-free rate to report excess return.
Nvidia Ulcer Index
NVDA Ulcer Index (5Y)
Drawdown painThe underwater curve shows how deep and how long Nvidia's drawdowns were. Ulcer is the root-mean-square of that curve — both depth and persistence count, so lower is better.
Ulcer Index Nvidia's Ulcer Index measures both the depth and persistence of drawdowns. Lower is better because it means fewer and shallower underwater periods. 1Y: 7.96; 5Y: 24.06.
Ulcer Index is computed from each asset's drawdown series over the full lookback window.
Nvidia Treynor Ratio
NVDA Treynor Ratio (5Y)
Excess return per beta vs SPYThe line's slope is Nvidia's beta to SPY — steeper means more market-sensitive. Treynor divides excess return by that slope, so an asset can look efficient with a shallow beta and a small return, or inefficient with a steep beta and a big return.
Treynor ratio measures excess return per unit of market beta versus SPY. A high Treynor means the asset compensated its market exposure well over this window. A low or negative Treynor means the asset's market risk wasn't rewarded.
Treynor uses beta vs the S&P 500 (SPY) on shared dates and the average 3-month Treasury rate as the risk-free rate.
Nvidia Tail Risk
Tail-risk stats use daily return distributions rather than simple end-point returns. They show how ugly the left tail has been, how severe the worst 5% of days were, and whether returns were skewed toward outsized upside or downside shocks.
The histogram shows the shape of Nvidia's daily log returns over the 5Y window. Bars left of the 5% VaR marker are the worst 5% of days; the ES marker is the average loss inside that tail. Skew and excess kurtosis describe whether the distribution is symmetric around zero and whether extreme days are more common than a Normal distribution predicts.
NVDA daily return distribution (5Y)
NVDA daily return distribution (5Y)Log-return histogram with Value-at-Risk and Expected Shortfall markers at the 5% left tail.
| Metric | 1Y | 5Y |
|---|---|---|
| VaR (5%) | -3.4% Historical daily threshold | -4.9% Historical daily threshold |
| Expected shortfall (5%) | -4.1% Beyond the VaR threshold | -6.9% Beyond the VaR threshold |
| Skew | 0.03 | 0.25 |
| Excess kurtosis | 0.41 | 3.88 |
Less negative daily VaR and Expected Shortfall values mean the left tail was less violent. Skew and excess kurtosis help distinguish between steady compounding and a path dominated by occasional extreme moves.
Full stats table
Every window-consistent research metric
Each column keeps the same horizon across returns, ratios, drawdowns, and tail-risk metrics.
| Metric | 1Y Recent window | 5Y Deeper research window |
|---|---|---|
| Total return | +104.8% | +1229.8% |
| Annualized return | +104.9% | +67.8% |
| Volatility | 33.7% Annualized daily closes | 51.6% Annualized daily closes |
| Sharpe ratio | 2.18 | 1.18 |
| Sortino ratio | 3.47 | 1.84 |
| Calmar ratio | 5.19 | 1.02 |
| Sterling ratio | 4.98 | 2.76 |
| Ulcer Index | 7.96 | 24.06 |
| Max drawdown | -20.2% 2025-10-29 to 2026-03-30 | -66.3% 2021-11-29 to 2022-10-14 |
| VaR (5%) | -3.4% Historical daily threshold | -4.9% Historical daily threshold |
| Expected shortfall (5%) | -4.1% Beyond the VaR threshold | -6.9% Beyond the VaR threshold |
| Skew | 0.03 | 0.25 |
| Excess kurtosis | 0.41 | 3.88 |
What viewers usually ask next
What is Nvidia's 5Y CAGR?
Nvidia's 5y cagr is +67.8% on Gale using the past 5 years.
What is Nvidia's 1-year volatility?
Annualized volatility is 33.7% over the past year.
What is Nvidia's 5-year Sharpe ratio?
Nvidia's Sharpe ratio is 1.18 using the past 5 years.
What is Nvidia's 5-year Sortino ratio?
Nvidia's Sortino ratio is 1.84 using the past 5 years.
What is Nvidia's 5-year Calmar ratio?
Nvidia's Calmar ratio is 1.02 using the past 5 years.
What is Nvidia's 5-year Sterling ratio?
Nvidia's Sterling ratio is 2.76 using the past 5 years.
What is Nvidia's 5-year Ulcer Index?
Nvidia's Ulcer Index is 24.06 using the past 5 years. Lower is better because it means shallower and less persistent drawdowns.
What is Nvidia's 5-year max drawdown?
Max drawdown is -66.3% over the past 5 years from 2021-11-29 to 2022-10-14.
What is Nvidia's 5-year daily Value at Risk?
Using historical daily returns, Gale estimates a 5% Value at Risk of -4.92% over the past 5 years.
What is Nvidia's 5-year Expected Shortfall?
Expected Shortfall is -6.91% over the past 5 years, which captures the average outcome inside the worst 5% of daily returns.
Is Nvidia still below its all-time high?
Current drawdown is -2.2% versus the all-time high of $207.03 reached on 2025-10-29.
Which benchmark should viewers open first for Nvidia?
Nasdaq 100 is the default benchmark lens on Gale because it gives the cleanest context for Nvidia's recent behavior.