KBGGY vs. NVO
KBGGY (Kongsberg Gruppen ASA) and NVO (Novo Nordisk A/S) are both stocks. KBGGY operates in Aerospace & Defense (Industrials), while NVO operates in Drug Manufacturers - General (Healthcare). Over the past 3 years, KBGGY returned 61.43%/yr vs -12.72%/yr for NVO. At a 0.12 correlation, their price movements are largely independent.
Performance
KBGGY vs. NVO - Performance Comparison
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Returns By Period
In the year-to-date period, KBGGY achieves a 33.60% return, which is significantly higher than NVO's 0.24% return.
KBGGY
- 1D
- -7.66%
- 1M
- -8.34%
- 6M
- 12.05%
- YTD
- 33.60%
- 1Y
- 8.51%
- 3Y*
- 61.43%
- 5Y*
- —
- 10Y*
- —
NVO
- 1D
- -0.40%
- 1M
- 12.31%
- 6M
- -14.80%
- YTD
- 0.24%
- 1Y
- -25.17%
- 3Y*
- -12.72%
- 5Y*
- 4.73%
- 10Y*
- 8.21%
KBGGY vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KBGGY Kongsberg Gruppen ASA | 33.60% | 19.00% | 164.60% | -2.54% |
NVO Novo Nordisk A/S | 0.24% | -39.22% | -15.93% | 23.34% |
Correlation
The correlation between KBGGY and NVO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.12 |
Fundamentals
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Return for Risk
KBGGY vs. NVO — Risk / Return Rank
KBGGY
NVO
KBGGY vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kongsberg Gruppen ASA (KBGGY) 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.
| KBGGY | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.94 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.51 | +0.79 |
| Martin ratioReturn relative to average drawdown | 0.63 | -0.80 | +1.43 |
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Drawdowns
KBGGY vs. NVO - Drawdown Comparison
The maximum KBGGY drawdown since its inception was -68.35%, smaller than the maximum NVO drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for KBGGY and NVO.
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Drawdown Indicators
| KBGGY | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.35% | -74.70% | +6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -31.28% | -49.17% | +17.89% |
Max Drawdown (3Y)Largest decline over 3 years | -68.35% | -74.70% | +6.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.70% | — |
Current DrawdownCurrent decline from peak | -52.12% | -64.19% | +12.07% |
Average DrawdownAverage peak-to-trough decline | -20.91% | -17.87% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.71% | 31.54% | -17.83% |
Volatility
KBGGY vs. NVO - Volatility Comparison
Kongsberg Gruppen ASA (KBGGY) has a higher volatility of 15.87% compared to Novo Nordisk A/S (NVO) at 8.73%. This indicates that KBGGY's price experiences larger fluctuations and is considered to be riskier 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
| KBGGY | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.87% | 8.73% | +7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 39.05% | 37.44% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.39% | 51.74% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.38% | 38.53% | +22.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.38% | 32.60% | +28.78% |
Dividends
KBGGY vs. NVO - Dividend Comparison
KBGGY's dividend yield for the trailing twelve months is around 28.45%, more than NVO's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBGGY Kongsberg Gruppen ASA | 28.45% | 5.82% | 1.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVO Novo Nordisk A/S | 3.66% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Financials
KBGGY vs. NVO - Financials Comparison
This section allows you to compare key financial metrics between Kongsberg Gruppen ASA 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
Frequently Asked Questions
KBGGY and NVO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBGGY has higher volatility (15.87%) compared to NVO (8.73%). In terms of maximum drawdown, KBGGY dropped -68.35% vs NVO's -74.70%.
KBGGY currently has the higher Sharpe Ratio (0.17 vs -0.49), 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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