EURUSD=X vs. NOVO-B.CO
EURUSD=X (Euro / U.S. Dollar) is a currency, while NOVO-B.CO (Novo Nordisk A/S) is a stock. Over the past 10 years, EURUSD=X returned 0.32%/yr vs 17.63%/yr for NOVO-B.CO. At a 0.24 correlation, their price movements are largely independent.
Performance
EURUSD=X vs. NOVO-B.CO - Performance Comparison
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Different Trading Currencies
EURUSD=X 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, EURUSD=X achieves a -1.52% return, which is significantly higher than NOVO-B.CO's -10.15% return. Over the past 10 years, EURUSD=X has underperformed NOVO-B.CO with an annualized return of 0.32%, while NOVO-B.CO has yielded a comparatively higher 17.63% annualized return.
EURUSD=X
- 1D
- -0.11%
- 1M
- -0.88%
- YTD
- -1.52%
- 6M
- -1.48%
- 1Y
- 0.14%
- 3Y*
- 2.34%
- 5Y*
- -0.91%
- 10Y*
- 0.32%
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%
EURUSD=X vs. NOVO-B.CO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EURUSD=X Euro / U.S. Dollar | -1.52% | 13.43% | -6.18% | 3.16% | -6.01% | -6.81% | 8.85% | -1.94% | -4.66% | 14.14% |
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 EURUSD=X and NOVO-B.CO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2007 | 0.24 |
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Return for Risk
EURUSD=X vs. NOVO-B.CO — Risk / Return Rank
EURUSD=X
NOVO-B.CO
EURUSD=X vs. NOVO-B.CO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Euro / U.S. Dollar (EURUSD=X) 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.
| EURUSD=X | NOVO-B.CO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.88 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.79 | +0.77 |
| Martin ratioReturn relative to average drawdown | -0.04 | -1.17 | +1.13 |
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Drawdowns
EURUSD=X vs. NOVO-B.CO - Drawdown Comparison
The maximum EURUSD=X drawdown since its inception was -40.01%, smaller than the maximum NOVO-B.CO drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and NOVO-B.CO.
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Drawdown Indicators
| EURUSD=X | NOVO-B.CO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.01% | -74.86% | +34.85% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -54.48% | +49.29% |
Max Drawdown (3Y)Largest decline over 3 years | -8.83% | -74.86% | +66.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.89% | -74.86% | +53.97% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -74.86% | +51.55% |
Current DrawdownCurrent decline from peak | -27.67% | -67.88% | +40.21% |
Average DrawdownAverage peak-to-trough decline | -23.44% | -12.38% | -11.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 36.72% | -34.23% |
Volatility
EURUSD=X vs. NOVO-B.CO - Volatility Comparison
The current volatility for Euro / U.S. Dollar (EURUSD=X) is 1.07%, while Novo Nordisk A/S (NOVO-B.CO) has a volatility of 12.08%. This indicates that EURUSD=X experiences smaller price fluctuations and is considered to be less risky 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
| EURUSD=X | NOVO-B.CO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 12.08% | -11.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 40.71% | -36.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 55.70% | -49.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 58.93% | -51.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 45.48% | -38.33% |
Frequently Asked Questions
EURUSD=X and NOVO-B.CO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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