KESKOB.HE vs. NDA-FI.HE

Last updated Jun 5, 2026

KESKOB.HE (Kesko Oyj) and NDA-FI.HE (Nordea Bank Abp) are both stocks. KESKOB.HE operates in Grocery Stores (Consumer Defensive), while NDA-FI.HE operates in Banks - Regional (Financial Services). Over the past 10 years, KESKOB.HE returned 13.71%/yr vs 14.16%/yr for NDA-FI.HE. At a 0.31 correlation, their price movements are largely independent.

Performance

KESKOB.HE vs. NDA-FI.HE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Kesko Oyj (KESKOB.HE) and Nordea Bank Abp (NDA-FI.HE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KESKOB.HE achieves a 9.54% return, which is significantly higher than NDA-FI.HE's 7.47% return. Both investments have delivered pretty close results over the past 10 years, with KESKOB.HE having a 13.71% annualized return and NDA-FI.HE not far ahead at 14.16%.

KESKOB.HE

• 1D: 0.00%
• 1M: -0.39%
• YTD: 9.54%
• 6M: 15.16%
• 1Y: 3.47%
• 3Y*: 10.67%
• 5Y*: -2.22%
• 10Y*: 13.71%

NDA-FI.HE

• 1D: 0.50%
• 1M: 1.79%
• YTD: 7.47%
• 6M: 12.18%
• 1Y: 35.90%
• 3Y*: 28.86%
• 5Y*: 22.51%
• 10Y*: 14.16%

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

KESKOB.HE vs. NDA-FI.HE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KESKOB.HE Kesko Oyj	9.54%	11.29%	6.02%	-7.82%	-26.23%	43.33%	47.73%	39.68%	9.36%	-0.20%
NDA-FI.HE Nordea Bank Abp	7.47%	65.26%	1.85%	21.29%	-0.12%	74.49%	-7.85%	9.49%	-22.56%	1.07%

Correlation

The correlation between KESKOB.HE and NDA-FI.HE 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	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Feb 2, 2000	0.31

The correlation between KESKOB.HE and NDA-FI.HE shifts across timeframes, from 0.17 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

Return for Risk

KESKOB.HE vs. NDA-FI.HE — Risk / Return Rank

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

KESKOB.HE

KESKOB.HE Risk / Return Rank: 44
KESKOB.HE Sharpe Ratio Rank: 49
KESKOB.HE Sortino Ratio Rank: 40
KESKOB.HE Omega Ratio Rank: 40
KESKOB.HE Calmar Ratio Rank: 46
KESKOB.HE Martin Ratio Rank: 46

NDA-FI.HE

NDA-FI.HE Risk / Return Rank: 84
NDA-FI.HE Sharpe Ratio Rank: 85
NDA-FI.HE Sortino Ratio Rank: 83
NDA-FI.HE Omega Ratio Rank: 79
NDA-FI.HE Calmar Ratio Rank: 83
NDA-FI.HE Martin Ratio Rank: 89

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.

KESKOB.HE vs. NDA-FI.HE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kesko Oyj (KESKOB.HE) and Nordea Bank Abp (NDA-FI.HE). 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.

	KESKOB.HE	NDA-FI.HE	Difference
Sharpe ratio: Return per unit of total volatility	0.20	1.77	-1.57
Sortino ratio: Return per unit of downside risk	0.38	2.53	-2.15
Omega ratio: Gain probability vs. loss probability	1.05	1.30	-0.25
Calmar ratio: Return relative to maximum drawdown	0.22	3.12	-2.90
Martin ratio: Return relative to average drawdown	0.40	11.00	-10.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KESKOB.HE vs. NDA-FI.HE - Sharpe Ratio Comparison

The current KESKOB.HE Sharpe Ratio is 0.20, which is lower than the NDA-FI.HE Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of KESKOB.HE and NDA-FI.HE, 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

	KESKOB.HE	NDA-FI.HE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	1.77	-1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.97	-1.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.56	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.33	+0.07

Drawdowns

KESKOB.HE vs. NDA-FI.HE - Drawdown Comparison

The maximum KESKOB.HE drawdown since its inception was -71.18%, roughly equal to the maximum NDA-FI.HE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for KESKOB.HE and NDA-FI.HE.

Drawdown Indicators

	KESKOB.HE	NDA-FI.HE	Difference
Max Drawdown Largest peak-to-trough decline	-71.18%	-71.54%	+0.36%
Max Drawdown (1Y) Largest decline over 1 year	-15.73%	-11.49%	-4.24%
Max Drawdown (3Y) Largest decline over 3 years	-18.72%	-17.46%	-1.26%
Max Drawdown (5Y) Largest decline over 5 years	-55.22%	-26.08%	-29.14%
Max Drawdown (10Y) Largest decline over 10 years	-55.22%	-55.04%	-0.18%
Current Drawdown Current decline from peak	-30.43%	-3.49%	-26.94%
Average Drawdown Average peak-to-trough decline	-22.37%	-16.96%	-5.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.71%	3.26%	+5.45%

Volatility

KESKOB.HE vs. NDA-FI.HE - Volatility Comparison

Kesko Oyj (KESKOB.HE) and Nordea Bank Abp (NDA-FI.HE) have volatilities of 5.00% and 5.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KESKOB.HE	NDA-FI.HE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	5.04%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	13.11%	15.26%	-2.15%
Volatility (1Y) Calculated over the trailing 1-year period	17.66%	20.27%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.96%	23.18%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.37%	25.18%	-0.81%

Dividends

KESKOB.HE vs. NDA-FI.HE - Dividend Comparison

KESKOB.HE's dividend yield for the trailing twelve months is around 4.37%, less than NDA-FI.HE's 5.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KESKOB.HE Kesko Oyj	4.37%	4.83%	4.24%	6.03%	5.14%	2.56%	25.81%	3.71%	4.67%	4.42%	5.27%	4.63%
NDA-FI.HE Nordea Bank Abp	5.93%	5.84%	8.76%	7.13%	6.88%	7.32%	0.00%	9.53%	9.35%	6.44%	6.04%	6.11%

Financials

Frequently Asked Questions

Can I hold both KESKOB.HE and NDA-FI.HE in my portfolio?

KESKOB.HE and NDA-FI.HE 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.