^NDX vs. NOVO-B.CO
^NDX (NASDAQ 100 Index) is an index, while NOVO-B.CO (Novo Nordisk A/S) is a stock. Over the past 10 years, ^NDX returned 20.95%/yr vs 17.63%/yr for NOVO-B.CO. At a 0.22 correlation, their price movements are largely independent.
Performance
^NDX vs. NOVO-B.CO - Performance Comparison
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Different Trading Currencies
^NDX is traded in USD, while NOVO-B.CO is traded in DKK. To make them comparable, the NOVO-B.CO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^NDX achieves a 17.37% return, which is significantly higher than NOVO-B.CO's -10.15% return. Over the past 10 years, ^NDX has outperformed NOVO-B.CO with an annualized return of 20.95%, while NOVO-B.CO has yielded a comparatively lower 17.63% annualized return.
^NDX
- 1D
- 0.64%
- 1M
- 0.19%
- YTD
- 17.37%
- 6M
- 17.62%
- 1Y
- 37.01%
- 3Y*
- 25.76%
- 5Y*
- 16.18%
- 10Y*
- 20.95%
NOVO-B.CO
- 1D
- 1.53%
- 1M
- -5.28%
- YTD
- -10.15%
- 6M
- -8.95%
- 1Y
- -41.84%
- 3Y*
- 6.83%
- 5Y*
- 19.41%
- 10Y*
- 17.63%
^NDX vs. NOVO-B.CO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^NDX NASDAQ 100 Index | 17.37% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -1.04% | 31.52% |
NOVO-B.CO Novo Nordisk A/S | -10.15% | -39.54% | -15.04% | 214.95% | 23.90% | 65.39% | 27.16% | 32.88% | -10.64% | 58.82% |
Correlation
The correlation between ^NDX and NOVO-B.CO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2007 | 0.22 |
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Return for Risk
^NDX vs. NOVO-B.CO — Risk / Return Rank
^NDX
NOVO-B.CO
^NDX vs. NOVO-B.CO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 Index (^NDX) and Novo Nordisk A/S (NOVO-B.CO). 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.
| ^NDX | NOVO-B.CO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.82 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.88 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | -0.79 | +3.71 |
| Martin ratioReturn relative to average drawdown | 10.85 | -1.17 | +12.02 |
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Drawdowns
^NDX vs. NOVO-B.CO - Drawdown Comparison
The maximum ^NDX drawdown since its inception was -82.90%, which is greater than NOVO-B.CO's maximum drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for ^NDX and NOVO-B.CO.
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Drawdown Indicators
| ^NDX | NOVO-B.CO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.90% | -74.86% | -8.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -54.48% | +42.36% |
Max Drawdown (3Y)Largest decline over 3 years | -22.93% | -74.86% | +51.93% |
Max Drawdown (5Y)Largest decline over 5 years | -35.56% | -74.86% | +39.30% |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | -74.86% | +39.30% |
Current DrawdownCurrent decline from peak | -3.34% | -67.88% | +64.54% |
Average DrawdownAverage peak-to-trough decline | -24.61% | -12.38% | -12.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 36.72% | -33.46% |
Volatility
^NDX vs. NOVO-B.CO - Volatility Comparison
The current volatility for NASDAQ 100 Index (^NDX) is 7.51%, while Novo Nordisk A/S (NOVO-B.CO) has a volatility of 12.08%. This indicates that ^NDX experiences smaller price fluctuations and is considered to be less risky than NOVO-B.CO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^NDX | NOVO-B.CO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 12.08% | -4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 13.84% | 40.71% | -26.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 55.70% | -38.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.76% | 58.93% | -36.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.61% | 45.48% | -22.87% |
Frequently Asked Questions
^NDX and NOVO-B.CO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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