GMAB vs. COLO

Last updated Jun 4, 2026

GMAB (Genmab A/S) is a stock, while COLO (Global X MSCI Colombia ETF) is Latin America Equities fund tracking the MSCI All Colombia Select 25/50 Index. Over the past 10 years, GMAB returned 2.42%/yr vs 6.37%/yr for COLO. At a 0.15 correlation, their price movements are largely independent.

Performance

GMAB vs. COLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Genmab A/S (GMAB) and Global X MSCI Colombia ETF (COLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMAB achieves a -22.47% return, which is significantly lower than COLO's 14.14% return. Over the past 10 years, GMAB has underperformed COLO with an annualized return of 2.42%, while COLO has yielded a comparatively higher 6.37% annualized return.

GMAB

• 1D: 0.13%
• 1M: -11.69%
• YTD: -22.47%
• 6M: -24.62%
• 1Y: 11.85%
• 3Y*: -15.49%
• 5Y*: -10.22%
• 10Y*: 2.42%

COLO

• 1D: -2.42%
• 1M: 8.62%
• YTD: 14.14%
• 6M: 13.91%
• 1Y: 48.73%
• 3Y*: 34.47%
• 5Y*: 14.34%
• 10Y*: 6.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GMAB vs. COLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMAB Genmab A/S	-22.47%	47.58%	-34.45%	-24.87%	7.13%	-2.71%	82.09%	35.54%	-0.61%	-0.04%
COLO Global X MSCI Colombia ETF	14.14%	68.88%	4.68%	24.92%	-21.32%	-11.50%	-14.60%	30.42%	-19.88%	11.88%

Correlation

The correlation between GMAB and COLO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jun 2, 2009	0.15

The correlation between GMAB and COLO shifts across timeframes, from 0.15 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GMAB vs. COLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GMAB

GMAB Risk / Return Rank: 49
GMAB Sharpe Ratio Rank: 53
GMAB Sortino Ratio Rank: 47
GMAB Omega Ratio Rank: 45
GMAB Calmar Ratio Rank: 49
GMAB Martin Ratio Rank: 50

COLO

COLO Risk / Return Rank: 60
COLO Sharpe Ratio Rank: 67
COLO Sortino Ratio Rank: 66
COLO Omega Ratio Rank: 64
COLO Calmar Ratio Rank: 56
COLO Martin Ratio Rank: 45

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.

GMAB vs. COLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Genmab A/S (GMAB) and Global X MSCI Colombia ETF (COLO). 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.

	GMAB	COLO	Difference
Sharpe ratio: Return per unit of total volatility	0.35	2.21	-1.86
Sortino ratio: Return per unit of downside risk	0.71	3.02	-2.31
Omega ratio: Gain probability vs. loss probability	1.09	1.39	-0.30
Calmar ratio: Return relative to maximum drawdown	0.37	2.75	-2.39
Martin ratio: Return relative to average drawdown	0.85	7.53	-6.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMAB vs. COLO - Sharpe Ratio Comparison

The current GMAB Sharpe Ratio is 0.35, which is lower than the COLO Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of GMAB and COLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GMAB	COLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	2.21	-1.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	0.62	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.25	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.22	+0.04

Drawdowns

GMAB vs. COLO - Drawdown Comparison

The maximum GMAB drawdown since its inception was -84.20%, which is greater than COLO's maximum drawdown of -78.91%. Use the drawdown chart below to compare losses from any high point for GMAB and COLO.

Drawdown Indicators

	GMAB	COLO	Difference
Max Drawdown Largest peak-to-trough decline	-84.20%	-78.91%	-5.29%
Max Drawdown (1Y) Largest decline over 1 year	-32.51%	-17.79%	-14.72%
Max Drawdown (3Y) Largest decline over 3 years	-57.44%	-18.35%	-39.09%
Max Drawdown (5Y) Largest decline over 5 years	-63.10%	-43.86%	-19.24%
Max Drawdown (10Y) Largest decline over 10 years	-63.10%	-62.75%	-0.35%
Current Drawdown Current decline from peak	-50.99%	-22.51%	-28.48%
Average Drawdown Average peak-to-trough decline	-31.07%	-40.32%	+9.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.03%	6.49%	+7.54%

Volatility

GMAB vs. COLO - Volatility Comparison

Genmab A/S (GMAB) has a higher volatility of 11.99% compared to Global X MSCI Colombia ETF (COLO) at 10.70%. This indicates that GMAB's price experiences larger fluctuations and is considered to be riskier than COLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMAB	COLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.99%	10.70%	+1.29%
Volatility (6M) Calculated over the trailing 6-month period	25.15%	19.42%	+5.73%
Volatility (1Y) Calculated over the trailing 1-year period	34.23%	22.28%	+11.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.42%	23.21%	+10.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.23%	25.44%	+9.79%

Dividends

GMAB vs. COLO - Dividend Comparison

GMAB has not paid dividends to shareholders, while COLO's dividend yield for the trailing twelve months is around 6.58%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLO Global X MSCI Colombia ETF	6.58%	7.51%	6.08%	6.99%	12.55%	2.32%	3.23%	3.04%	3.03%	1.83%	1.48%	1.58%
GMAB Genmab A/S	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GMAB and COLO in my portfolio?

GMAB and COLO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMAB or COLO?

GMAB has higher volatility (11.99%) compared to COLO (10.70%). In terms of maximum drawdown, GMAB dropped -84.20% vs COLO's -78.91%.

Which has better risk-adjusted returns?

COLO currently has the higher Sharpe Ratio (2.21 vs 0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.