MP vs. NOVO-B.CO

Last updated Jun 9, 2026

MP (MP Materials Corp.) and NOVO-B.CO (Novo Nordisk A/S) are both stocks. MP operates in Other Industrial Metals & Mining (Basic Materials), while NOVO-B.CO operates in Biotechnology (Healthcare). Over the past 5 years, MP returned 11.32%/yr vs 18.06%/yr for NOVO-B.CO. At a 0.10 correlation, their price movements are largely independent.

Performance

MP vs. NOVO-B.CO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MP Materials Corp. (MP) and Novo Nordisk A/S (NOVO-B.CO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MP 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, MP achieves a 13.97% return, which is significantly higher than NOVO-B.CO's -14.86% return.

MP

• 1D: -2.70%
• 1M: -14.61%
• YTD: 13.97%
• 6M: -5.92%
• 1Y: 124.05%
• 3Y*: 38.10%
• 5Y*: 11.32%
• 10Y*: —

NOVO-B.CO

• 1D: 0.00%
• 1M: -8.03%
• YTD: -14.86%
• 6M: -6.49%
• 1Y: -41.18%
• 3Y*: 5.14%
• 5Y*: 18.06%
• 10Y*: 16.29%

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

MP vs. NOVO-B.CO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MP MP Materials Corp.	13.97%	223.85%	-21.41%	-18.25%	-46.54%	41.19%	224.95%
NOVO-B.CO Novo Nordisk A/S	-14.86%	-39.54%	-15.04%	214.95%	23.90%	65.39%	6.38%

Correlation

The correlation between MP and NOVO-B.CO 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	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jun 22, 2020	0.10

Return for Risk

MP vs. NOVO-B.CO — Risk / Return Rank

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

MP

MP Risk / Return Rank: 78
MP Sharpe Ratio Rank: 79
MP Sortino Ratio Rank: 83
MP Omega Ratio Rank: 78
MP Calmar Ratio Rank: 78
MP Martin Ratio Rank: 72

NOVO-B.CO

NOVO-B.CO Risk / Return Rank: 13
NOVO-B.CO Sharpe Ratio Rank: 10
NOVO-B.CO Sortino Ratio Rank: 13
NOVO-B.CO Omega Ratio Rank: 12
NOVO-B.CO Calmar Ratio Rank: 12
NOVO-B.CO Martin Ratio Rank: 17

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.

MP vs. NOVO-B.CO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MP Materials Corp. (MP) 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.

	MP	NOVO-B.CO	Difference
Sharpe ratio: Return per unit of total volatility	1.33	-0.75	+2.08
Sortino ratio: Return per unit of downside risk	2.43	-0.84	+3.27
Omega ratio: Gain probability vs. loss probability	1.27	0.88	+0.39
Calmar ratio: Return relative to maximum drawdown	2.32	-0.76	+3.08
Martin ratio: Return relative to average drawdown	3.93	-1.14	+5.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MP vs. NOVO-B.CO - Sharpe Ratio Comparison

The current MP Sharpe Ratio is 1.33, which is higher than the NOVO-B.CO Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of MP and NOVO-B.CO, 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

	MP	NOVO-B.CO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	-0.75	+2.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.31	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.66	-0.19

Drawdowns

MP vs. NOVO-B.CO - Drawdown Comparison

The maximum MP drawdown since its inception was -81.99%, 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 MP and NOVO-B.CO.

Drawdown Indicators

	MP	NOVO-B.CO	Difference
Max Drawdown Largest peak-to-trough decline	-81.99%	-74.86%	-7.13%
Max Drawdown (1Y) Largest decline over 1 year	-53.79%	-54.88%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	-59.47%	-74.86%	+15.39%
Max Drawdown (5Y) Largest decline over 5 years	-81.99%	-74.86%	-7.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-74.86%	—
Current Drawdown Current decline from peak	-41.63%	-69.56%	+27.93%
Average Drawdown Average peak-to-trough decline	-42.62%	-12.33%	-30.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.68%	36.42%	-4.74%

Volatility

MP vs. NOVO-B.CO - Volatility Comparison

MP Materials Corp. (MP) has a higher volatility of 22.35% compared to Novo Nordisk A/S (NOVO-B.CO) at 11.16%. This indicates that MP'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.

Volatility by Period

	MP	NOVO-B.CO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.35%	11.16%	+11.19%
Volatility (6M) Calculated over the trailing 6-month period	51.12%	40.40%	+10.72%
Volatility (1Y) Calculated over the trailing 1-year period	93.82%	55.90%	+37.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.62%	58.91%	+10.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.68%	45.47%	+27.21%

Dividends

MP vs. NOVO-B.CO - Dividend Comparison

MP has not paid dividends to shareholders, while NOVO-B.CO's dividend yield for the trailing twelve months is around 4.35%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MP MP Materials Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOVO-B.CO Novo Nordisk A/S	4.35%	3.58%	1.59%	1.01%	2.38%	2.54%	4.03%	4.22%	5.27%	4.54%	7.38%	2.50%

Financials

Frequently Asked Questions

Can I hold both MP and NOVO-B.CO in my portfolio?

MP and NOVO-B.CO 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.