HBAR-USD vs. NOVO-B.CO
HBAR-USD (HederaHashgraph) is a cryptocurrency, while NOVO-B.CO (Novo Nordisk A/S) is a stock. Over the past 5 years, HBAR-USD returned -16.92%/yr vs 19.41%/yr for NOVO-B.CO. At a 0.08 correlation, their price movements are largely independent.
Performance
HBAR-USD vs. NOVO-B.CO - Performance Comparison
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Different Trading Currencies
HBAR-USD 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, HBAR-USD achieves a -26.14% return, which is significantly lower than NOVO-B.CO's -10.15% return.
HBAR-USD
- 1D
- 0.30%
- 1M
- -17.44%
- YTD
- -26.14%
- 6M
- -36.26%
- 1Y
- -50.71%
- 3Y*
- 20.01%
- 5Y*
- -16.92%
- 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%
HBAR-USD vs. NOVO-B.CO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HBAR-USD HederaHashgraph | -26.14% | -60.44% | 212.23% | 135.51% | -87.44% | 812.76% | 211.49% | -97.54% |
NOVO-B.CO Novo Nordisk A/S | -10.15% | -39.54% | -15.04% | 214.95% | 23.90% | 65.39% | 27.16% | 17.81% |
Correlation
The correlation between HBAR-USD and NOVO-B.CO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2019 | 0.08 |
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Return for Risk
HBAR-USD vs. NOVO-B.CO — Risk / Return Rank
HBAR-USD
NOVO-B.CO
HBAR-USD vs. NOVO-B.CO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HederaHashgraph (HBAR-USD) 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.
| HBAR-USD | NOVO-B.CO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.88 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.79 | +0.10 |
| Martin ratioReturn relative to average drawdown | -0.98 | -1.17 | +0.19 |
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Drawdowns
HBAR-USD vs. NOVO-B.CO - Drawdown Comparison
The maximum HBAR-USD drawdown since its inception was -97.58%, which is greater than NOVO-B.CO's maximum drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for HBAR-USD and NOVO-B.CO.
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Drawdown Indicators
| HBAR-USD | NOVO-B.CO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.58% | -74.86% | -22.72% |
Max Drawdown (1Y)Largest decline over 1 year | -73.39% | -54.48% | -18.91% |
Max Drawdown (3Y)Largest decline over 3 years | -79.29% | -74.86% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -92.79% | -74.86% | -17.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.86% | — |
Current DrawdownCurrent decline from peak | -84.50% | -67.88% | -16.62% |
Average DrawdownAverage peak-to-trough decline | -74.51% | -12.38% | -62.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.80% | 36.72% | +15.08% |
Volatility
HBAR-USD vs. NOVO-B.CO - Volatility Comparison
HederaHashgraph (HBAR-USD) has a higher volatility of 16.33% compared to Novo Nordisk A/S (NOVO-B.CO) at 12.08%. This indicates that HBAR-USD's price experiences larger fluctuations and is considered to be riskier 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
| HBAR-USD | NOVO-B.CO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.33% | 12.08% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 43.30% | 40.71% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.06% | 55.70% | +9.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.17% | 58.93% | +26.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.57% | 45.48% | +63.09% |
Frequently Asked Questions
HBAR-USD and NOVO-B.CO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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