ETH-USD vs. NOVO-B.CO
ETH-USD (Ethereum) is a cryptocurrency, while NOVO-B.CO (Novo Nordisk A/S) is a stock. Over the past 10 years, ETH-USD returned 57.05%/yr vs 17.63%/yr for NOVO-B.CO. At a 0.06 correlation, their price movements are largely independent.
Performance
ETH-USD vs. NOVO-B.CO - Performance Comparison
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Different Trading Currencies
ETH-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, ETH-USD achieves a -43.34% return, which is significantly lower than NOVO-B.CO's -10.15% return. Over the past 10 years, ETH-USD has outperformed NOVO-B.CO with an annualized return of 57.05%, while NOVO-B.CO has yielded a comparatively lower 17.63% annualized return.
ETH-USD
- 1D
- 0.93%
- 1M
- -26.37%
- YTD
- -43.34%
- 6M
- -46.03%
- 1Y
- -34.85%
- 3Y*
- 0.61%
- 5Y*
- -8.23%
- 10Y*
- 57.05%
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%
ETH-USD vs. NOVO-B.CO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETH-USD Ethereum | -43.34% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
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% | 58.82% |
Correlation
The correlation between ETH-USD and NOVO-B.CO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.06 |
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Return for Risk
ETH-USD vs. NOVO-B.CO — Risk / Return Rank
ETH-USD
NOVO-B.CO
ETH-USD vs. NOVO-B.CO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-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.
| ETH-USD | NOVO-B.CO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.88 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.79 | +0.27 |
| Martin ratioReturn relative to average drawdown | -0.89 | -1.17 | +0.29 |
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Drawdowns
ETH-USD vs. NOVO-B.CO - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, 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 ETH-USD and NOVO-B.CO.
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Drawdown Indicators
| ETH-USD | NOVO-B.CO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -74.86% | -19.15% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -54.48% | -13.05% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | -74.86% | +7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -74.86% | -4.49% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | -74.86% | -19.15% |
Current DrawdownCurrent decline from peak | -65.20% | -67.88% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -50.89% | -12.38% | -38.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.49% | 36.72% | +8.77% |
Volatility
ETH-USD vs. NOVO-B.CO - Volatility Comparison
Ethereum (ETH-USD) has a higher volatility of 17.20% compared to Novo Nordisk A/S (NOVO-B.CO) at 12.08%. This indicates that ETH-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
| ETH-USD | NOVO-B.CO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.20% | 12.08% | +5.12% |
Volatility (6M)Calculated over the trailing 6-month period | 46.29% | 40.71% | +5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.08% | 55.70% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.55% | 58.93% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.88% | 45.48% | +32.40% |
Frequently Asked Questions
ETH-USD and NOVO-B.CO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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