0OFM.L vs. NVO
0OFM.L (Compagnie Generale des Etablissements Michelin SCA) and NVO (Novo Nordisk A/S) are both stocks. 0OFM.L operates in Auto Parts (Consumer Cyclical), while NVO operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, 0OFM.L returned 6.78%/yr vs 6.17%/yr for NVO. At a 0.12 correlation, their price movements are largely independent.
Performance
0OFM.L vs. NVO - Performance Comparison
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Different Trading Currencies
0OFM.L is traded in EUR, while NVO is traded in USD. To make them comparable, the NVO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0OFM.L achieves a 18.38% return, which is significantly higher than NVO's -10.90% return. Over the past 10 years, 0OFM.L has outperformed NVO with an annualized return of 6.78%, while NVO has yielded a comparatively lower 6.17% annualized return.
0OFM.L
- 1D
- 0.08%
- 1M
- 2.85%
- YTD
- 18.38%
- 6M
- 18.46%
- 1Y
- 1.60%
- 3Y*
- 9.63%
- 5Y*
- 3.64%
- 10Y*
- 6.78%
NVO
- 1D
- -1.02%
- 1M
- -4.27%
- YTD
- -10.90%
- 6M
- -6.13%
- 1Y
- -38.52%
- 3Y*
- -18.77%
- 5Y*
- 4.49%
- 10Y*
- 6.17%
0OFM.L vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
0OFM.L Compagnie Generale des Etablissements Michelin SCA | 18.38% | -8.21% | 1.98% | 27.99% | -23.64% | 39.34% | -0.97% | 30.40% | -25.79% | 17.13% |
NVO Novo Nordisk A/S | -10.90% | -46.43% | -10.38% | 50.20% | 30.26% | 75.75% | 13.17% | 31.61% | -8.89% | 34.13% |
Correlation
The correlation between 0OFM.L and NVO is 0.10, 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 (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2007 | 0.12 |
Fundamentals
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Return for Risk
0OFM.L vs. NVO — Risk / Return Rank
0OFM.L
NVO
0OFM.L vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Compagnie Generale des Etablissements Michelin SCA (0OFM.L) and Novo Nordisk A/S (NVO). 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.
| 0OFM.L | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.87 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | -0.71 | +0.84 |
| Martin ratioReturn relative to average drawdown | 0.28 | -1.03 | +1.31 |
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
| 0OFM.L | NVO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | -0.76 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.12 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.19 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.48 | -0.32 |
Drawdowns
0OFM.L vs. NVO - Drawdown Comparison
The maximum 0OFM.L drawdown since its inception was -73.51%, roughly equal to the maximum NVO drawdown of -76.45%. Use the drawdown chart below to compare losses from any high point for 0OFM.L and NVO.
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Drawdown Indicators
| 0OFM.L | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.51% | -76.45% | +2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -20.78% | -54.72% | +33.94% |
Max Drawdown (3Y)Largest decline over 3 years | -28.69% | -76.45% | +47.76% |
Max Drawdown (5Y)Largest decline over 5 years | -40.00% | -76.45% | +36.45% |
Max Drawdown (10Y)Largest decline over 10 years | -42.07% | -76.45% | +34.38% |
Current DrawdownCurrent decline from peak | -9.29% | -70.97% | +61.68% |
Average DrawdownAverage peak-to-trough decline | -18.01% | -13.75% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.93% | 37.49% | -27.56% |
Volatility
0OFM.L vs. NVO - Volatility Comparison
The current volatility for Compagnie Generale des Etablissements Michelin SCA (0OFM.L) is 5.86%, while Novo Nordisk A/S (NVO) has a volatility of 8.36%. This indicates that 0OFM.L experiences smaller price fluctuations and is considered to be less risky than NVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0OFM.L | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 8.36% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 37.34% | -20.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.57% | 50.90% | -28.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.30% | 37.93% | -13.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.35% | 32.43% | -7.08% |
Dividends
0OFM.L vs. NVO - Dividend Comparison
0OFM.L's dividend yield for the trailing twelve months is around 4.33%, more than NVO's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
0OFM.L Compagnie Generale des Etablissements Michelin SCA | 4.33% | 4.91% | 4.23% | 3.85% | 4.25% | 1.59% | 1.90% | 3.40% | 4.11% | 2.71% | 2.70% | 2.83% |
NVO Novo Nordisk A/S | 4.20% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Financials
0OFM.L vs. NVO - Financials Comparison
This section allows you to compare key financial metrics between Compagnie Generale des Etablissements Michelin SCA and Novo Nordisk A/S. 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
0OFM.L and NVO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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