EGLN.L vs. NVO
EGLN.L (iShares Physical Gold ETC) is Gold fund tracking the LBMA Gold Price, while NVO (Novo Nordisk A/S) is a stock. Over the past 10 years, EGLN.L returned 11.21%/yr vs 5.93%/yr for NVO. At a 0.01 correlation, their price movements are largely independent.
Performance
EGLN.L vs. NVO - Performance Comparison
Loading charts...
Different Trading Currencies
EGLN.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, EGLN.L achieves a 2.32% return, which is significantly higher than NVO's -15.02% return. Over the past 10 years, EGLN.L has outperformed NVO with an annualized return of 11.21%, while NVO has yielded a comparatively lower 5.93% annualized return.
EGLN.L
- 1D
- -0.30%
- 1M
- -6.16%
- YTD
- 2.32%
- 6M
- 3.98%
- 1Y
- 28.23%
- 3Y*
- 27.04%
- 5Y*
- 19.18%
- 10Y*
- 11.21%
NVO
- 1D
- -4.63%
- 1M
- -9.02%
- YTD
- -15.02%
- 6M
- -8.41%
- 1Y
- -43.17%
- 3Y*
- -19.44%
- 5Y*
- 2.89%
- 10Y*
- 5.93%
EGLN.L vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | 2.32% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 20.59% | 3.38% | -0.47% |
NVO Novo Nordisk A/S | -15.02% | -46.43% | -10.38% | 50.20% | 30.26% | 75.75% | 13.17% | 31.61% | -8.89% | 34.13% |
Correlation
The correlation between EGLN.L and NVO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.01 |
The correlation between EGLN.L and NVO shifts across timeframes, from 0.01 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EGLN.L vs. NVO — Risk / Return Rank
EGLN.L
NVO
EGLN.L vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Physical Gold ETC (EGLN.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.
| EGLN.L | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.06 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.85 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | -0.79 | +2.42 |
| Martin ratioReturn relative to average drawdown | 4.17 | -1.15 | +5.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EGLN.L | NVO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | -0.85 | +2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.08 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.18 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.47 | -0.10 |
Drawdowns
EGLN.L vs. NVO - Drawdown Comparison
The maximum EGLN.L drawdown since its inception was -47.44%, smaller than the maximum NVO drawdown of -76.45%. Use the drawdown chart below to compare losses from any high point for EGLN.L and NVO.
Loading charts...
Drawdown Indicators
| EGLN.L | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -76.45% | +29.01% |
Max Drawdown (1Y)Largest decline over 1 year | -17.24% | -54.72% | +37.48% |
Max Drawdown (3Y)Largest decline over 3 years | -17.24% | -76.45% | +59.21% |
Max Drawdown (5Y)Largest decline over 5 years | -17.24% | -76.45% | +59.21% |
Max Drawdown (10Y)Largest decline over 10 years | -26.21% | -76.45% | +50.24% |
Current DrawdownCurrent decline from peak | -17.24% | -72.31% | +55.07% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -13.76% | -8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 37.61% | -30.86% |
Volatility
EGLN.L vs. NVO - Volatility Comparison
The current volatility for iShares Physical Gold ETC (EGLN.L) is 5.12%, while Novo Nordisk A/S (NVO) has a volatility of 9.49%. This indicates that EGLN.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.
Loading charts...
Volatility by Period
| EGLN.L | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 9.49% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 20.24% | 37.62% | -17.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.28% | 51.08% | -27.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 38.00% | -20.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 32.48% | -16.54% |
Dividends
EGLN.L vs. NVO - Dividend Comparison
EGLN.L has not paid dividends to shareholders, while NVO's dividend yield for the trailing twelve months is around 4.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EGLN.L iShares Physical Gold ETC | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVO Novo Nordisk A/S | 4.39% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Frequently Asked Questions
EGLN.L and NVO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for EGLN.L and NVO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer