04Q.DE vs. UCG.MI
04Q.DE (Nordea Bank Abp) and UCG.MI (UniCredit S.p.A.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 3 years, 04Q.DE returned 28.76%/yr vs 67.41%/yr for UCG.MI. At a 0.37 correlation, their price movements are largely independent.
Performance
04Q.DE vs. UCG.MI - Performance Comparison
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Returns By Period
In the year-to-date period, 04Q.DE achieves a 7.59% return, which is significantly higher than UCG.MI's 7.15% return.
04Q.DE
- 1D
- 0.34%
- 1M
- 2.86%
- YTD
- 7.59%
- 6M
- 12.41%
- 1Y
- 35.50%
- 3Y*
- 28.76%
- 5Y*
- —
- 10Y*
- —
UCG.MI
- 1D
- 0.91%
- 1M
- 9.36%
- YTD
- 7.15%
- 6M
- 15.65%
- 1Y
- 37.50%
- 3Y*
- 67.41%
- 5Y*
- 55.82%
- 10Y*
- 24.07%
04Q.DE vs. UCG.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
04Q.DE Nordea Bank Abp | 7.59% | 64.85% | 1.64% | 20.34% | 0.43% | 0.54% |
UCG.MI UniCredit S.p.A. | 7.15% | 94.11% | 69.12% | 94.94% | 3.81% | 22.55% |
Correlation
The correlation between 04Q.DE and UCG.MI is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2021 | 0.37 |
Over the past year, 04Q.DE and UCG.MI have become more correlated (0.60) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
04Q.DE vs. UCG.MI — Risk / Return Rank
04Q.DE
UCG.MI
04Q.DE vs. UCG.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordea Bank Abp (04Q.DE) and UniCredit S.p.A. (UCG.MI). 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.
| 04Q.DE | UCG.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 1.55 | +1.37 |
| Martin ratioReturn relative to average drawdown | 9.74 | 4.35 | +5.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 04Q.DE | UCG.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.21 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.09 | +0.73 |
Drawdowns
04Q.DE vs. UCG.MI - Drawdown Comparison
The maximum 04Q.DE drawdown since its inception was -28.60%, smaller than the maximum UCG.MI drawdown of -96.01%. Use the drawdown chart below to compare losses from any high point for 04Q.DE and UCG.MI.
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Drawdown Indicators
| 04Q.DE | UCG.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.60% | -96.01% | +67.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -24.17% | +12.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.00% | -24.17% | +7.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.31% | — |
Current DrawdownCurrent decline from peak | -3.63% | -34.27% | +30.64% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -52.51% | +46.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 8.61% | -4.98% |
Volatility
04Q.DE vs. UCG.MI - Volatility Comparison
The current volatility for Nordea Bank Abp (04Q.DE) is 5.47%, while UniCredit S.p.A. (UCG.MI) has a volatility of 6.95%. This indicates that 04Q.DE experiences smaller price fluctuations and is considered to be less risky than UCG.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 04Q.DE | UCG.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 6.95% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 15.95% | 24.38% | -8.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.18% | 31.01% | -9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.40% | 35.80% | -8.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.40% | 40.07% | -12.67% |
Dividends
04Q.DE vs. UCG.MI - Dividend Comparison
04Q.DE's dividend yield for the trailing twelve months is around 5.93%, more than UCG.MI's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
04Q.DE Nordea Bank Abp | 5.93% | 5.85% | 8.75% | 7.10% | 6.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UCG.MI UniCredit S.p.A. | 4.25% | 4.10% | 7.08% | 4.02% | 4.05% | 0.89% | 8.24% | 2.07% | 3.23% | 0.00% | 4.39% | 2.34% |
Financials
04Q.DE vs. UCG.MI - Financials Comparison
This section allows you to compare key financial metrics between Nordea Bank Abp and UniCredit S.p.A.. 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
Frequently Asked Questions
04Q.DE and UCG.MI have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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