GMAB vs. FUN

Last updated Jun 13, 2026

GMAB (Genmab A/S) and FUN (Cedar Fair, L.P.) are both stocks. GMAB operates in Biotechnology (Healthcare), while FUN operates in Leisure (Consumer Cyclical). Over the past 10 years, GMAB returned 4.28%/yr vs -5.82%/yr for FUN. At a 0.12 correlation, their price movements are largely independent.

Performance

GMAB vs. FUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Genmab A/S (GMAB) and Cedar Fair, L.P. (FUN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMAB achieves a -18.57% return, which is significantly lower than FUN's 52.80% return. Over the past 10 years, GMAB has outperformed FUN with an annualized return of 4.28%, while FUN has yielded a comparatively lower -5.82% annualized return.

GMAB

• 1D: -0.63%
• 1M: -5.50%
• YTD: -18.57%
• 6M: -19.90%
• 1Y: 9.90%
• 3Y*: -13.28%
• 5Y*: -10.53%
• 10Y*: 4.28%

FUN

• 1D: -3.90%
• 1M: 9.94%
• YTD: 52.80%
• 6M: 57.21%
• 1Y: -21.53%
• 3Y*: -16.99%
• 5Y*: -11.16%
• 10Y*: -5.82%

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

GMAB vs. FUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMAB Genmab A/S	-18.57%	47.58%	-34.45%	-24.87%	7.13%	-2.71%	82.09%	35.54%	-0.61%	-0.04%
FUN Cedar Fair, L.P.	52.80%	-68.17%	26.39%	-0.96%	-16.23%	27.25%	-27.49%	25.65%	-22.66%	6.45%

Correlation

The correlation between GMAB and FUN is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jun 1, 2009	0.12

Fundamentals

Market Cap GMAB : $16.01B FUN : $2.38B
EPS GMAB : $4.10 FUN : -$16.06
PS Ratio GMAB : 1.81 FUN : 0.82
PB Ratio GMAB : 2.82 FUN : 0.26
Total Revenue (TTM) GMAB : $8.84B FUN : $2.90B
Gross Profit (TTM) GMAB : $8.27B FUN : $1.59B
EBITDA (TTM) GMAB : $3.81B FUN : -$733.45M

Return for Risk

GMAB vs. FUN — Risk / Return Rank

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

GMAB

GMAB Risk / Return Rank: 48
GMAB Sharpe Ratio Rank: 52
GMAB Sortino Ratio Rank: 46
GMAB Omega Ratio Rank: 45
GMAB Calmar Ratio Rank: 49
GMAB Martin Ratio Rank: 50

FUN

FUN Risk / Return Rank: 28
FUN Sharpe Ratio Rank: 26
FUN Sortino Ratio Rank: 28
FUN Omega Ratio Rank: 28
FUN Calmar Ratio Rank: 28
FUN Martin Ratio Rank: 31

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. FUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Genmab A/S (GMAB) and Cedar Fair, L.P. (FUN). 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.

	GMAB	FUN	Difference
Sharpe ratio: Return per unit of total volatility	0.25	-0.39	+0.64
Sortino ratio: Return per unit of downside risk	0.59	-0.17	+0.75
Omega ratio: Gain probability vs. loss probability	1.07	0.98	+0.09
Calmar ratio: Return relative to maximum drawdown	0.27	-0.43	+0.70
Martin ratio: Return relative to average drawdown	0.58	-0.66	+1.24

GMAB vs. FUN - Sharpe Ratio Comparison

The current GMAB Sharpe Ratio is 0.25, which is higher than the FUN Sharpe Ratio of -0.39. The chart below compares the historical Sharpe Ratios of GMAB and FUN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GMAB vs. FUN - Drawdown Comparison

The maximum GMAB drawdown since its inception was -84.20%, which is greater than FUN's maximum drawdown of -77.75%. Use the drawdown chart below to compare losses from any high point for GMAB and FUN.

Drawdown Indicators

	GMAB	FUN	Difference
Max Drawdown Largest peak-to-trough decline	-84.20%	-77.75%	-6.45%
Max Drawdown (1Y) Largest decline over 1 year	-32.51%	-61.05%	+28.54%
Max Drawdown (3Y) Largest decline over 3 years	-57.44%	-77.74%	+20.30%
Max Drawdown (5Y) Largest decline over 5 years	-63.10%	-77.74%	+14.64%
Max Drawdown (10Y) Largest decline over 10 years	-63.10%	-77.75%	+14.65%
Current Drawdown Current decline from peak	-48.52%	-59.33%	+10.81%
Average Drawdown Average peak-to-trough decline	-31.09%	-19.87%	-11.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.86%	39.79%	-24.93%

Volatility

GMAB vs. FUN - Volatility Comparison

The current volatility for Genmab A/S (GMAB) is 12.15%, while Cedar Fair, L.P. (FUN) has a volatility of 15.26%. This indicates that GMAB experiences smaller price fluctuations and is considered to be less risky than FUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMAB	FUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.15%	15.26%	-3.11%
Volatility (6M) Calculated over the trailing 6-month period	25.57%	44.94%	-19.37%
Volatility (1Y) Calculated over the trailing 1-year period	34.45%	66.85%	-32.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.47%	44.02%	-10.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.19%	45.15%	-9.96%

Dividends

GMAB vs. FUN - Dividend Comparison

Neither GMAB nor FUN has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FUN Cedar Fair, L.P.	0.00%	0.00%	4.42%	3.02%	1.45%	0.00%	2.38%	6.69%	7.60%	5.32%	5.19%	5.51%
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%

Financials

Frequently Asked Questions

Can I hold both GMAB and FUN in my portfolio?

GMAB and FUN have a correlation of 0.17, 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 FUN?

FUN has higher volatility (15.26%) compared to GMAB (12.15%). In terms of maximum drawdown, GMAB dropped -84.20% vs FUN's -77.75%.

Which has better risk-adjusted returns?

GMAB currently has the higher Sharpe Ratio (0.25 vs -0.39), 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.