CALM vs. NVO
CALM (Cal-Maine Foods, Inc.) and NVO (Novo Nordisk A/S) are both stocks. CALM operates in Farm Products (Consumer Defensive), while NVO operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, CALM returned 9.86%/yr vs 7.56%/yr for NVO. At a 0.12 correlation, their price movements are largely independent.
Performance
CALM vs. NVO - Performance Comparison
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Returns By Period
In the year-to-date period, CALM achieves a -0.54% return, which is significantly higher than NVO's -10.74% return. Over the past 10 years, CALM has outperformed NVO with an annualized return of 9.86%, while NVO has yielded a comparatively lower 7.56% annualized return.
CALM
- 1D
- -2.22%
- 1M
- -1.77%
- YTD
- -0.54%
- 6M
- -8.91%
- 1Y
- -13.33%
- 3Y*
- 23.34%
- 5Y*
- 22.16%
- 10Y*
- 9.86%
NVO
- 1D
- -0.18%
- 1M
- -6.80%
- YTD
- -10.74%
- 6M
- -9.50%
- 1Y
- -43.34%
- 3Y*
- -15.59%
- 5Y*
- 2.92%
- 10Y*
- 7.56%
CALM vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | -0.54% | -15.61% | 87.00% | 14.48% | 51.87% | -1.38% | -12.19% | 2.09% | -3.90% | 0.62% |
NVO Novo Nordisk A/S | -10.74% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
Correlation
The correlation between CALM and NVO is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 1996 | 0.12 |
The correlation between CALM and NVO shifts across timeframes, from -0.03 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CALM:
$3.70B
NVO:
$195.21B
CALM:
$14.48
NVO:
DKK 27.42
CALM:
5.39
NVO:
10.34
CALM:
0.00
NVO:
0.44
CALM:
1.08
NVO:
3.85
CALM:
1.37
NVO:
6.21
CALM:
$3.46B
NVO:
DKK 327.80B
CALM:
$1.17B
NVO:
DKK 268.30B
CALM:
$1.05B
NVO:
DKK 181.54B
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Return for Risk
CALM vs. NVO — Risk / Return Rank
CALM
NVO
CALM vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cal-Maine Foods, Inc. (CALM) 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.
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.
| CALM | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.85 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | -0.80 | +0.44 |
| Martin ratioReturn relative to average drawdown | -0.56 | -1.18 | +0.62 |
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Drawdowns
CALM vs. NVO - Drawdown Comparison
The maximum CALM drawdown since its inception was -74.08%, roughly equal to the maximum NVO drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for CALM and NVO.
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Drawdown Indicators
| CALM | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.08% | -74.70% | +0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -37.00% | -54.34% | +17.34% |
Max Drawdown (3Y)Largest decline over 3 years | -37.00% | -74.70% | +37.70% |
Max Drawdown (5Y)Largest decline over 5 years | -37.00% | -74.70% | +37.70% |
Max Drawdown (10Y)Largest decline over 10 years | -39.12% | -74.70% | +35.58% |
Current DrawdownCurrent decline from peak | -31.17% | -68.11% | +36.94% |
Average DrawdownAverage peak-to-trough decline | -30.31% | -17.79% | -12.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.95% | 37.62% | -13.67% |
Volatility
CALM vs. NVO - Volatility Comparison
The current volatility for Cal-Maine Foods, Inc. (CALM) is 6.31%, while Novo Nordisk A/S (NVO) has a volatility of 10.68%. This indicates that CALM 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
| CALM | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 10.68% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 20.43% | 38.04% | -17.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.03% | 51.88% | -18.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.61% | 38.33% | -5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.13% | 32.56% | -1.43% |
Dividends
CALM vs. NVO - Dividend Comparison
CALM's dividend yield for the trailing twelve months is around 6.15%, more than NVO's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CALM Cal-Maine Foods, Inc. | 6.15% | 10.90% | 2.82% | 7.51% | 3.17% | 0.09% | 0.00% | 0.98% | 1.03% | 0.00% | 2.70% | 4.10% |
NVO Novo Nordisk A/S | 4.11% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Financials
CALM vs. NVO - Financials Comparison
This section allows you to compare key financial metrics between Cal-Maine Foods, Inc. 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
CALM vs. NVO - Profitability Comparison
CALM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a gross profit of 119.28M and revenue of 666.95M. Therefore, the gross margin over that period was 17.9%.
NVO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported a gross profit of 83.23B and revenue of 96.82B. Therefore, the gross margin over that period was 86.0%.
CALM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported an operating income of 35.98M and revenue of 666.95M, resulting in an operating margin of 5.4%.
NVO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported an operating income of 59.62B and revenue of 96.82B, resulting in an operating margin of 61.6%.
CALM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cal-Maine Foods, Inc. reported a net income of 50.46M and revenue of 666.95M, resulting in a net margin of 7.6%.
NVO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported a net income of 48.56B and revenue of 96.82B, resulting in a net margin of 50.2%.
Frequently Asked Questions
CALM and NVO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (10.68%) compared to CALM (6.31%). In terms of maximum drawdown, CALM dropped -74.08% vs NVO's -74.70%.
CALM currently has the higher Sharpe Ratio (-0.41 vs -0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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