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ENR.DE vs. NOVO-B.CO
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

ENR.DE vs. NOVO-B.CO

Last updated Jun 9, 2026

ENR.DE (Siemens Energy AG) and NOVO-B.CO (Novo Nordisk A/S) are both stocks. ENR.DE operates in Specialty Industrial Machinery (Industrials), while NOVO-B.CO operates in Biotechnology (Healthcare). Over the past 5 years, ENR.DE returned 45.23%/yr vs 19.35%/yr for NOVO-B.CO. At a 0.11 correlation, their price movements are largely independent.

Performance

ENR.DE vs. NOVO-B.CO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Siemens Energy AG (ENR.DE) and Novo Nordisk A/S (NOVO-B.CO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ENR.DE is traded in EUR, while NOVO-B.CO is traded in DKK. To make them comparable, the NOVO-B.CO values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ENR.DE achieves a 32.01% return, which is significantly higher than NOVO-B.CO's -13.29% return.

ENR.DE

1D
0.39%
1M
-11.16%
YTD
32.01%
6M
35.38%
1Y
79.22%
3Y*
88.52%
5Y*
45.23%
10Y*
—

NOVO-B.CO

1D
0.00%
1M
-6.02%
YTD
-13.29%
6M
-5.65%
1Y
-41.90%
3Y*
2.71%
5Y*
19.35%
10Y*
15.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ENR.DE vs. NOVO-B.CO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
ENR.DE
Siemens Energy AG		32.01%138.98%319.83%-31.74%-21.43%-25.03%36.30%
NOVO-B.CO
Novo Nordisk A/S		-13.29%-46.44%-9.91%205.51%31.09%79.61%-2.81%

Correlation

The correlation between ENR.DE and NOVO-B.CO 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

0.10

Correlation (5Y)
Calculated over the trailing 5-year period

0.10

Correlation (All Time)
Calculated using the full available price history since Sep 28, 2020

0.11

Compare stocks, funds, or ETFs

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Siemens Energy AG

Novo Nordisk A/S

Often compared with ENR.DE:
ENR.DE vs. SMNEYENR.DE vs. GEENR.DE vs. SIEMENS.NSENR.DE vs. WGSENR.DE vs. TEP.PAENR.DE vs. SHL.DEENR.DE vs. ^GSPC
Often compared with NOVO-B.CO:
NOVO-B.CO vs. SPYNOVO-B.CO vs. LLYNOVO-B.CO vs. QQQNOVO-B.CO vs. NOV.DENOVO-B.CO vs. SAABYNOVO-B.CO vs. LLY.DENOVO-B.CO vs. MONC.MI

Return for Risk

ENR.DE vs. NOVO-B.CO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ENR.DE
ENR.DE Risk / Return Rank: 8686
Overall Rank
ENR.DE Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
ENR.DE Sortino Ratio Rank: 8282
Sortino Ratio Rank
ENR.DE Omega Ratio Rank: 7979
Omega Ratio Rank
ENR.DE Calmar Ratio Rank: 9191
Calmar Ratio Rank
ENR.DE Martin Ratio Rank: 9191
Martin Ratio Rank
NOVO-B.CO
NOVO-B.CO Risk / Return Rank: 1313
Overall Rank
NOVO-B.CO Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
NOVO-B.CO Sortino Ratio Rank: 1313
Sortino Ratio Rank
NOVO-B.CO Omega Ratio Rank: 1212
Omega Ratio Rank
NOVO-B.CO Calmar Ratio Rank: 1212
Calmar Ratio Rank
NOVO-B.CO Martin Ratio Rank: 1717
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENR.DE vs. NOVO-B.CO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Siemens Energy AG (ENR.DE) 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.

ENR.DENOVO-B.CODifference
Sharpe ratioReturn per unit of total volatility
1.76
-0.78

+2.54

Sortino ratioReturn per unit of downside risk
2.37
-0.90

+3.27

Omega ratioGain probability vs. loss probability

1.28

0.87

+0.41

Calmar ratioReturn relative to maximum drawdown

4.52

-0.77

+5.29

Martin ratioReturn relative to average drawdown

12.23

-1.14

+13.37

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENR.DE vs. NOVO-B.CO - Sharpe Ratio Comparison

The current ENR.DE Sharpe Ratio is 1.76, which is higher than the NOVO-B.CO Sharpe Ratio of -0.78. The chart below compares the historical Sharpe Ratios of ENR.DE and NOVO-B.CO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ENR.DENOVO-B.CODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

-0.78

+2.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

0.33

+0.53

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.36

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.70

+0.12

Drawdowns

ENR.DE vs. NOVO-B.CO - Drawdown Comparison

The maximum ENR.DE drawdown since its inception was -79.51%, roughly equal to the maximum NOVO-B.CO drawdown of -76.81%. Use the drawdown chart below to compare losses from any high point for ENR.DE and NOVO-B.CO.

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Drawdown Indicators

ENR.DENOVO-B.CODifference

Max Drawdown

Largest peak-to-trough decline

-79.51%

-76.81%

-2.70%

Max Drawdown (1Y)

Largest decline over 1 year

-18.61%

-55.04%

+36.43%

Max Drawdown (3Y)

Largest decline over 3 years

-71.24%

-76.81%

+5.57%

Max Drawdown (5Y)

Largest decline over 5 years

-74.46%

-76.81%

+2.35%

Max Drawdown (10Y)

Largest decline over 10 years

—

-76.81%

—

Current Drawdown

Current decline from peak

-15.65%

-71.73%

+56.08%

Average Drawdown

Average peak-to-trough decline

-28.42%

-11.86%

-16.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.89%

36.90%

-30.01%

Volatility

ENR.DE vs. NOVO-B.CO - Volatility Comparison

Siemens Energy AG (ENR.DE) has a higher volatility of 11.87% compared to Novo Nordisk A/S (NOVO-B.CO) at 10.46%. This indicates that ENR.DE'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

ENR.DENOVO-B.CODifference

Volatility (1M)

Calculated over the trailing 1-month period

11.87%

10.46%

+1.41%

Volatility (6M)

Calculated over the trailing 6-month period

34.35%

39.25%

-4.90%

Volatility (1Y)

Calculated over the trailing 1-year period

47.79%

54.60%

-6.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

51.86%

58.59%

-6.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

50.30%

45.18%

+5.12%

Dividends

ENR.DE vs. NOVO-B.CO - Dividend Comparison

ENR.DE's dividend yield for the trailing twelve months is around 0.44%, less than NOVO-B.CO's 4.35% yield.

PositionTTM20252024202320222021202020192018201720162015
ENR.DE
Siemens Energy AG		0.44%0.00%0.00%0.00%0.57%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NOVO-B.CO
Novo Nordisk A/S		4.35%3.58%1.59%1.01%2.38%2.54%4.03%4.22%5.27%4.54%7.38%2.50%

Financials

ENR.DE vs. NOVO-B.CO - Financials Comparison

This section allows you to compare key financial metrics between Siemens Energy AG 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

Please note, different currencies. ENR.DE values in EUR, NOVO-B.CO values in DKK

Frequently Asked Questions

ENR.DE and NOVO-B.CO 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.

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