MSFT vs. NVO
MSFT (Microsoft Corporation) and NVO (Novo Nordisk A/S) are both stocks. MSFT operates in Software - Infrastructure (Technology), while NVO operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, MSFT returned 24.39%/yr vs 7.56%/yr for NVO. At a 0.20 correlation, their price movements are largely independent.
Performance
MSFT vs. NVO - Performance Comparison
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Returns By Period
In the year-to-date period, MSFT achieves a -18.85% return, which is significantly lower than NVO's -10.74% return. Over the past 10 years, MSFT has outperformed NVO with an annualized return of 24.39%, while NVO has yielded a comparatively lower 7.56% annualized return.
MSFT
- 1D
- 0.10%
- 1M
- -3.36%
- YTD
- -18.85%
- 6M
- -17.98%
- 1Y
- -17.75%
- 3Y*
- 6.16%
- 5Y*
- 9.56%
- 10Y*
- 24.39%
NVO
- 1D
- -0.18%
- 1M
- -6.80%
- YTD
- -10.74%
- 6M
- -9.50%
- 1Y
- -43.34%
- 3Y*
- -15.59%
- 5Y*
- 2.92%
- 10Y*
- 7.56%
MSFT vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | -18.85% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
NVO Novo Nordisk A/S | -10.74% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
Correlation
The correlation between MSFT and NVO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 1986 | 0.20 |
The correlation between MSFT and NVO shifts across timeframes, from 0.19 (1 year) to 0.31 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MSFT:
$2.91T
NVO:
$195.21B
MSFT:
$16.79
NVO:
DKK 27.42
MSFT:
23.27
NVO:
10.34
MSFT:
1.63
NVO:
0.44
MSFT:
9.16
NVO:
3.85
MSFT:
7.02
NVO:
6.21
MSFT:
$318.27B
NVO:
DKK 327.80B
MSFT:
$217.41B
NVO:
DKK 268.30B
MSFT:
$200.96B
NVO:
DKK 181.54B
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Return for Risk
MSFT vs. NVO — Risk / Return Rank
MSFT
NVO
MSFT vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) 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.
| MSFT | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.85 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.80 | +0.27 |
| Martin ratioReturn relative to average drawdown | -1.08 | -1.18 | +0.10 |
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Drawdowns
MSFT vs. NVO - Drawdown Comparison
The maximum MSFT drawdown since its inception was -69.38%, smaller than the maximum NVO drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for MSFT and NVO.
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Drawdown Indicators
| MSFT | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -74.70% | +5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -33.91% | -54.34% | +20.43% |
Max Drawdown (3Y)Largest decline over 3 years | -33.91% | -74.70% | +40.79% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | -74.70% | +37.55% |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | -74.70% | +37.55% |
Current DrawdownCurrent decline from peak | -27.46% | -68.11% | +40.65% |
Average DrawdownAverage peak-to-trough decline | -21.78% | -17.79% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.48% | 37.62% | -21.14% |
Volatility
MSFT vs. NVO - Volatility Comparison
Microsoft Corporation (MSFT) and Novo Nordisk A/S (NVO) have volatilities of 10.52% and 10.68%, 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.
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Volatility by Period
| MSFT | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 10.68% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 22.31% | 38.04% | -15.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.42% | 51.88% | -26.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.66% | 38.33% | -11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 32.56% | -5.50% |
Dividends
MSFT vs. NVO - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.91%, less than NVO's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.91% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
NVO Novo Nordisk A/S | 4.11% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Financials
MSFT vs. NVO - Financials Comparison
This section allows you to compare key financial metrics between Microsoft Corporation 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
MSFT vs. NVO - Profitability Comparison
MSFT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported a gross profit of 56.06B and revenue of 82.89B. Therefore, the gross margin over that period was 67.6%.
NVO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported a gross profit of 83.23B and revenue of 96.82B. Therefore, the gross margin over that period was 86.0%.
MSFT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported an operating income of 38.40B and revenue of 82.89B, resulting in an operating margin of 46.3%.
NVO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported an operating income of 59.62B and revenue of 96.82B, resulting in an operating margin of 61.6%.
MSFT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported a net income of 31.78B and revenue of 82.89B, resulting in a net margin of 38.3%.
NVO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported a net income of 48.56B and revenue of 96.82B, resulting in a net margin of 50.2%.
Frequently Asked Questions
MSFT and NVO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (10.68%) compared to MSFT (10.52%). In terms of maximum drawdown, MSFT dropped -69.38% vs NVO's -74.70%.
MSFT currently has the higher Sharpe Ratio (-0.70 vs -0.84), 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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