ADA-USD vs. NOVO-B.CO
ADA-USD (Cardano) is a cryptocurrency, while NOVO-B.CO (Novo Nordisk A/S) is a stock. Over the past 5 years, ADA-USD returned -35.83%/yr vs 19.41%/yr for NOVO-B.CO. At a 0.07 correlation, their price movements are largely independent.
Performance
ADA-USD vs. NOVO-B.CO - Performance Comparison
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Different Trading Currencies
ADA-USD 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, ADA-USD achieves a -48.46% return, which is significantly lower than NOVO-B.CO's -10.15% return.
ADA-USD
- 1D
- 0.57%
- 1M
- -36.57%
- YTD
- -48.46%
- 6M
- -58.23%
- 1Y
- -73.29%
- 3Y*
- -13.30%
- 5Y*
- -35.83%
- 10Y*
- —
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%
ADA-USD vs. NOVO-B.CO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADA-USD Cardano | -48.46% | -60.53% | 42.06% | 141.64% | -81.22% | 621.17% | 452.29% | -20.01% | -94.29% | 2,760.49% |
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% | 8.06% |
Correlation
The correlation between ADA-USD and NOVO-B.CO is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.07 |
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Return for Risk
ADA-USD vs. NOVO-B.CO — Risk / Return Rank
ADA-USD
NOVO-B.CO
ADA-USD vs. NOVO-B.CO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cardano (ADA-USD) 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.
| ADA-USD | NOVO-B.CO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.88 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.79 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.36 | -1.17 | -0.19 |
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Drawdowns
ADA-USD vs. NOVO-B.CO - Drawdown Comparison
The maximum ADA-USD drawdown since its inception was -97.85%, 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 ADA-USD and NOVO-B.CO.
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Drawdown Indicators
| ADA-USD | NOVO-B.CO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.85% | -74.86% | -22.99% |
Max Drawdown (1Y)Largest decline over 1 year | -83.69% | -54.48% | -29.21% |
Max Drawdown (3Y)Largest decline over 3 years | -87.24% | -74.86% | -12.38% |
Max Drawdown (5Y)Largest decline over 5 years | -94.72% | -74.86% | -19.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.86% | — |
Current DrawdownCurrent decline from peak | -94.22% | -67.88% | -26.34% |
Average DrawdownAverage peak-to-trough decline | -77.55% | -12.38% | -65.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.12% | 36.72% | +24.40% |
Volatility
ADA-USD vs. NOVO-B.CO - Volatility Comparison
Cardano (ADA-USD) has a higher volatility of 22.15% compared to Novo Nordisk A/S (NOVO-B.CO) at 12.08%. This indicates that ADA-USD's price experiences larger fluctuations and is considered to be riskier 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
| ADA-USD | NOVO-B.CO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.15% | 12.08% | +10.07% |
Volatility (6M)Calculated over the trailing 6-month period | 52.67% | 40.71% | +11.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.06% | 55.70% | +8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.90% | 58.93% | +15.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.19% | 45.48% | +57.71% |
Frequently Asked Questions
ADA-USD and NOVO-B.CO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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