KO vs. NOVO-B.CO
KO (The Coca-Cola Company) and NOVO-B.CO (Novo Nordisk A/S) are both stocks. KO operates in Beverages - Non-Alcoholic (Consumer Defensive), while NOVO-B.CO operates in Biotechnology (Healthcare). Over the past 10 years, KO returned 9.55%/yr vs 17.63%/yr for NOVO-B.CO. At a 0.13 correlation, their price movements are largely independent.
Performance
KO vs. NOVO-B.CO - Performance Comparison
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Different Trading Currencies
KO 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, KO achieves a 18.99% return, which is significantly higher than NOVO-B.CO's -10.15% return. Over the past 10 years, KO has underperformed NOVO-B.CO with an annualized return of 9.55%, while NOVO-B.CO has yielded a comparatively higher 17.63% annualized return.
KO
- 1D
- 0.11%
- 1M
- 2.70%
- YTD
- 18.99%
- 6M
- 17.96%
- 1Y
- 18.86%
- 3Y*
- 14.33%
- 5Y*
- 11.29%
- 10Y*
- 9.55%
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%
KO vs. NOVO-B.CO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 18.99% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
NOVO-B.CO Novo Nordisk A/S | -10.15% | -39.54% | -15.04% | 214.95% | 23.90% | 65.39% | 27.16% | 32.88% | -10.64% | 58.82% |
Correlation
The correlation between KO and NOVO-B.CO is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2007 | 0.13 |
The correlation between KO and NOVO-B.CO shifts across timeframes, from -0.06 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KO vs. NOVO-B.CO — Risk / Return Rank
KO
NOVO-B.CO
KO vs. NOVO-B.CO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) 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.
| KO | NOVO-B.CO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.88 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | -0.79 | +3.04 |
| Martin ratioReturn relative to average drawdown | 4.51 | -1.17 | +5.68 |
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Drawdowns
KO vs. NOVO-B.CO - Drawdown Comparison
The maximum KO drawdown since its inception was -68.23%, smaller than the maximum NOVO-B.CO drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for KO and NOVO-B.CO.
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Drawdown Indicators
| KO | NOVO-B.CO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.23% | -74.86% | +6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -54.48% | +46.61% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -74.86% | +58.60% |
Max Drawdown (5Y)Largest decline over 5 years | -17.27% | -74.86% | +57.59% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -74.86% | +37.87% |
Current DrawdownCurrent decline from peak | -1.16% | -67.88% | +66.72% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -12.38% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 36.72% | -32.74% |
Volatility
KO vs. NOVO-B.CO - Volatility Comparison
The current volatility for The Coca-Cola Company (KO) is 6.70%, while Novo Nordisk A/S (NOVO-B.CO) has a volatility of 12.08%. This indicates that KO experiences smaller price fluctuations and is considered to be less risky 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
| KO | NOVO-B.CO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 12.08% | -5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 40.71% | -27.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.73% | 55.70% | -38.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 58.93% | -42.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 45.48% | -27.24% |
Dividends
KO vs. NOVO-B.CO - Dividend Comparison
KO's dividend yield for the trailing twelve months is around 2.49%, less than NOVO-B.CO's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 1.88% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
NOVO-B.CO Novo Nordisk A/S | 4.07% | 3.58% | 1.59% | 1.01% | 2.38% | 2.54% | 4.03% | 4.22% | 5.27% | 4.54% | 7.38% | 2.50% |
Financials
KO vs. NOVO-B.CO - Financials Comparison
This section allows you to compare key financial metrics between The Coca-Cola Company 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
KO and NOVO-B.CO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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