GOOGL vs. NVO
GOOGL (Alphabet Inc. Class A) and NVO (Novo Nordisk A/S) are both stocks. GOOGL operates in Internet Content & Information (Communication Services), while NVO operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, GOOGL returned 25.76%/yr vs 7.56%/yr for NVO. At a 0.28 correlation, their price movements are largely independent.
Performance
GOOGL vs. NVO - Performance Comparison
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Returns By Period
In the year-to-date period, GOOGL achieves a 15.06% return, which is significantly higher than NVO's -10.74% return. Over the past 10 years, GOOGL has outperformed NVO with an annualized return of 25.76%, while NVO has yielded a comparatively lower 7.56% annualized return.
GOOGL
- 1D
- 0.53%
- 1M
- -10.61%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 105.30%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
NVO
- 1D
- -0.18%
- 1M
- -6.80%
- YTD
- -10.74%
- 6M
- -9.50%
- 1Y
- -43.34%
- 3Y*
- -15.59%
- 5Y*
- 2.92%
- 10Y*
- 7.56%
GOOGL vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
NVO Novo Nordisk A/S | -10.74% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
Correlation
The correlation between GOOGL and NVO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2004 | 0.28 |
Fundamentals
GOOGL:
$4.40T
NVO:
$195.21B
GOOGL:
$13.11
NVO:
DKK 27.42
GOOGL:
27.43
NVO:
10.34
GOOGL:
1.35
NVO:
0.44
GOOGL:
10.40
NVO:
3.85
GOOGL:
9.19
NVO:
6.21
GOOGL:
$422.57B
NVO:
DKK 327.80B
GOOGL:
$255.12B
NVO:
DKK 268.30B
GOOGL:
$174.08B
NVO:
DKK 181.54B
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Return for Risk
GOOGL vs. NVO — Risk / Return Rank
GOOGL
NVO
GOOGL vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc. Class A (GOOGL) and Novo Nordisk A/S (NVO). 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.
| GOOGL | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.46 | ||
| Sortino ratioReturn per unit of downside risk | +5.96 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 0.85 | +0.74 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | -0.80 | +6.00 |
| Martin ratioReturn relative to average drawdown | 18.48 | -1.18 | +19.66 |
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Drawdowns
GOOGL vs. NVO - Drawdown Comparison
The maximum GOOGL drawdown since its inception was -65.29%, smaller than the maximum NVO drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for GOOGL and NVO.
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Drawdown Indicators
| GOOGL | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.29% | -74.70% | +9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -20.37% | -54.34% | +33.97% |
Max Drawdown (3Y)Largest decline over 3 years | -29.81% | -74.70% | +44.89% |
Max Drawdown (5Y)Largest decline over 5 years | -44.32% | -74.70% | +30.38% |
Max Drawdown (10Y)Largest decline over 10 years | -44.32% | -74.70% | +30.38% |
Current DrawdownCurrent decline from peak | -10.61% | -68.11% | +57.50% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -17.79% | +4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.72% | 37.62% | -31.90% |
Volatility
GOOGL vs. NVO - Volatility Comparison
The current volatility for Alphabet Inc. Class A (GOOGL) is 7.24%, while Novo Nordisk A/S (NVO) has a volatility of 10.68%. This indicates that GOOGL experiences smaller price fluctuations and is considered to be less risky than NVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOOGL | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 10.68% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 20.82% | 38.04% | -17.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.31% | 51.88% | -22.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.33% | 38.33% | -7.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.13% | 32.56% | -3.43% |
Dividends
GOOGL vs. NVO - Dividend Comparison
GOOGL's dividend yield for the trailing twelve months is around 0.24%, less than NVO's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVO Novo Nordisk A/S | 4.11% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Financials
GOOGL vs. NVO - Financials Comparison
This section allows you to compare key financial metrics between Alphabet Inc. Class A and Novo Nordisk A/S. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GOOGL vs. NVO - Profitability Comparison
GOOGL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a gross profit of 68.63B and revenue of 109.90B. Therefore, the gross margin over that period was 62.5%.
NVO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported a gross profit of 83.23B and revenue of 96.82B. Therefore, the gross margin over that period was 86.0%.
GOOGL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported an operating income of 39.70B and revenue of 109.90B, resulting in an operating margin of 36.1%.
NVO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported an operating income of 59.62B and revenue of 96.82B, resulting in an operating margin of 61.6%.
GOOGL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alphabet Inc. Class A reported a net income of 62.58B and revenue of 109.90B, resulting in a net margin of 56.9%.
NVO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported a net income of 48.56B and revenue of 96.82B, resulting in a net margin of 50.2%.
Frequently Asked Questions
GOOGL and NVO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (10.68%) compared to GOOGL (7.24%). In terms of maximum drawdown, GOOGL dropped -65.29% vs NVO's -74.70%.
GOOGL currently has the higher Sharpe Ratio (3.62 vs -0.84), 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.
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