NANO.PA vs. EQNR

Last updated Jun 5, 2026

NANO.PA (Nanobiotix S.A.) and EQNR (Equinor ASA) are both stocks. NANO.PA operates in Biotechnology (Healthcare), while EQNR operates in Oil & Gas Integrated (Energy). Over the past 5 years, NANO.PA returned 16.58%/yr vs 20.05%/yr for EQNR. At a 0.09 correlation, their price movements are largely independent.

Performance

NANO.PA vs. EQNR - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Nanobiotix S.A. (NANO.PA) and Equinor ASA (EQNR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NANO.PA is traded in EUR, while EQNR is traded in USD. To make them comparable, the EQNR values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, NANO.PA achieves a 60.21% return, which is significantly lower than EQNR's 64.97% return.

NANO.PA

• 1D: 3.65%
• 1M: 7.35%
• YTD: 60.21%
• 6M: 67.42%
• 1Y: 679.05%
• 3Y*: 86.19%
• 5Y*: 16.58%
• 10Y*: 5.21%

EQNR

• 1D: -0.93%
• 1M: -7.43%
• YTD: 64.97%
• 6M: 65.37%
• 1Y: 62.59%
• 3Y*: 18.67%
• 5Y*: 20.05%
• 10Y*: —

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

NANO.PA vs. EQNR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NANO.PA Nanobiotix S.A.	60.21%	544.84%	-54.46%	83.43%	-50.48%	-47.03%	66.67%	-28.87%	-9.91%
EQNR Equinor ASA	64.97%	-5.08%	-10.43%	-3.75%	49.49%	76.86%	-20.70%	1.24%	-18.67%

Correlation

The correlation between NANO.PA and EQNR is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.01
Correlation (All Time) Calculated using the full available price history since May 17, 2018	0.09

The correlation between NANO.PA and EQNR shifts across timeframes, from -0.12 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NANO.PA vs. EQNR — Risk / Return Rank

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

NANO.PA

NANO.PA Risk / Return Rank: 98
NANO.PA Sharpe Ratio Rank: 100
NANO.PA Sortino Ratio Rank: 98
NANO.PA Omega Ratio Rank: 96
NANO.PA Calmar Ratio Rank: 99
NANO.PA Martin Ratio Rank: 98

EQNR

EQNR Risk / Return Rank: 83
EQNR Sharpe Ratio Rank: 86
EQNR Sortino Ratio Rank: 80
EQNR Omega Ratio Rank: 80
EQNR Calmar Ratio Rank: 87
EQNR Martin Ratio Rank: 80

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.

NANO.PA vs. EQNR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nanobiotix S.A. (NANO.PA) and Equinor ASA (EQNR). 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.

	NANO.PA	EQNR	Difference
Sharpe ratio: Return per unit of total volatility	7.41	1.69	+5.72
Sortino ratio: Return per unit of downside risk	5.07	2.20	+2.87
Omega ratio: Gain probability vs. loss probability	1.61	1.29	+0.32
Calmar ratio: Return relative to maximum drawdown	14.56	3.21	+11.35
Martin ratio: Return relative to average drawdown	36.52	5.46	+31.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NANO.PA vs. EQNR - Sharpe Ratio Comparison

The current NANO.PA Sharpe Ratio is 7.41, which is higher than the EQNR Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of NANO.PA and EQNR, 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

	NANO.PA	EQNR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.41	1.69	+5.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.59	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.31	-0.13

Drawdowns

NANO.PA vs. EQNR - Drawdown Comparison

The maximum NANO.PA drawdown since its inception was -93.21%, which is greater than EQNR's maximum drawdown of -64.43%. Use the drawdown chart below to compare losses from any high point for NANO.PA and EQNR.

Drawdown Indicators

	NANO.PA	EQNR	Difference
Max Drawdown Largest peak-to-trough decline	-93.21%	-64.43%	-28.78%
Max Drawdown (1Y) Largest decline over 1 year	-45.36%	-19.57%	-25.79%
Max Drawdown (3Y) Largest decline over 3 years	-72.39%	-29.06%	-43.33%
Max Drawdown (5Y) Largest decline over 5 years	-88.56%	-39.98%	-48.58%
Max Drawdown (10Y) Largest decline over 10 years	-92.39%	—	—
Current Drawdown Current decline from peak	-32.35%	-11.47%	-20.88%
Average Drawdown Average peak-to-trough decline	-48.90%	-23.84%	-25.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.19%	11.51%	+6.68%

Volatility

NANO.PA vs. EQNR - Volatility Comparison

Nanobiotix S.A. (NANO.PA) has a higher volatility of 27.75% compared to Equinor ASA (EQNR) at 14.27%. This indicates that NANO.PA's price experiences larger fluctuations and is considered to be riskier than EQNR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NANO.PA	EQNR	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.75%	14.27%	+13.48%
Volatility (6M) Calculated over the trailing 6-month period	53.74%	30.85%	+22.89%
Volatility (1Y) Calculated over the trailing 1-year period	89.41%	37.24%	+52.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	99.21%	33.89%	+65.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.24%	36.39%	+42.85%

Dividends

NANO.PA vs. EQNR - Dividend Comparison

NANO.PA has not paid dividends to shareholders, while EQNR's dividend yield for the trailing twelve months is around 3.98%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EQNR Equinor ASA	3.98%	7.66%	12.66%	11.38%	3.30%	2.13%	4.32%	5.07%	3.26%
NANO.PA Nanobiotix S.A.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both NANO.PA and EQNR in my portfolio?

NANO.PA and EQNR have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.