FLIN vs. NOVO-B.CO
FLIN (Franklin FTSE India ETF) is Asia Pacific Equities fund tracking the FTSE India RIC Capped Index, while NOVO-B.CO (Novo Nordisk A/S) is a stock. Over the past 5 years, FLIN returned 3.89%/yr vs 19.41%/yr for NOVO-B.CO. At a 0.18 correlation, their price movements are largely independent.
Performance
FLIN vs. NOVO-B.CO - Performance Comparison
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Different Trading Currencies
FLIN 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
The year-to-date returns for both investments are quite close, with FLIN having a -10.29% return and NOVO-B.CO slightly higher at -10.15%.
FLIN
- 1D
- 1.11%
- 1M
- -0.40%
- YTD
- -10.29%
- 6M
- -8.41%
- 1Y
- -10.13%
- 3Y*
- 5.77%
- 5Y*
- 3.89%
- 10Y*
- —
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%
FLIN vs. NOVO-B.CO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | -10.29% | 2.40% | 10.33% | 20.58% | -7.96% | 24.96% | 14.50% | 4.77% | -7.13% |
NOVO-B.CO Novo Nordisk A/S | -10.15% | -39.54% | -15.04% | 214.95% | 23.90% | 65.39% | 27.16% | 32.88% | -4.57% |
Correlation
The correlation between FLIN 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 | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018 | 0.18 |
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Return for Risk
FLIN vs. NOVO-B.CO — Risk / Return Rank
FLIN
NOVO-B.CO
FLIN vs. NOVO-B.CO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE India ETF (FLIN) 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.
| FLIN | NOVO-B.CO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.88 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | -0.79 | +0.18 |
| Martin ratioReturn relative to average drawdown | -1.44 | -1.17 | -0.27 |
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Drawdowns
FLIN vs. NOVO-B.CO - Drawdown Comparison
The maximum FLIN drawdown since its inception was -41.90%, smaller than the maximum NOVO-B.CO drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for FLIN and NOVO-B.CO.
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Drawdown Indicators
| FLIN | NOVO-B.CO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.90% | -74.86% | +32.96% |
Max Drawdown (1Y)Largest decline over 1 year | -18.79% | -54.48% | +35.69% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -74.86% | +52.01% |
Max Drawdown (5Y)Largest decline over 5 years | -22.85% | -74.86% | +52.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.86% | — |
Current DrawdownCurrent decline from peak | -17.41% | -67.88% | +50.47% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -12.38% | +4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.93% | 36.72% | -28.79% |
Volatility
FLIN vs. NOVO-B.CO - Volatility Comparison
The current volatility for Franklin FTSE India ETF (FLIN) is 4.11%, while Novo Nordisk A/S (NOVO-B.CO) has a volatility of 12.08%. This indicates that FLIN 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
| FLIN | NOVO-B.CO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 12.08% | -7.97% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 40.71% | -27.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 55.70% | -40.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 58.93% | -43.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.43% | 45.48% | -25.05% |
Dividends
FLIN vs. NOVO-B.CO - Dividend Comparison
FLIN's dividend yield for the trailing twelve months is around 0.62%, less than NOVO-B.CO's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | 0.62% | 0.56% | 1.58% | 0.73% | 0.73% | 2.26% | 0.68% | 0.90% | 0.92% | 0.00% | 0.00% | 0.00% |
NOVO-B.CO Novo Nordisk A/S | 4.07% | 3.58% | 1.59% | 1.01% | 2.38% | 2.54% | 4.03% | 4.22% | 5.27% | 4.54% | 7.38% | 2.50% |
Frequently Asked Questions
FLIN 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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