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NB2.DE vs. WULF
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

Performance

NB2.DE vs. WULF - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Northern Data AG (NB2.DE) and TeraWulf Inc. (WULF). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

NB2.DE is traded in EUR, while WULF is traded in USD. To make them comparable, the WULF values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, NB2.DE achieves a -13.95% return, which is significantly lower than WULF's 112.98% return. Over the past 10 years, NB2.DE has outperformed WULF with an annualized return of 10.74%, while WULF has yielded a comparatively lower 9.94% annualized return.


NB2.DE

1D
-8.04%
1M
6.02%
YTD
-13.95%
6M
-7.15%
1Y
-51.59%
3Y*
-12.25%
5Y*
-31.73%
10Y*
10.74%

WULF

1D
-7.63%
1M
-4.92%
YTD
112.98%
6M
67.25%
1Y
522.47%
3Y*
146.35%
5Y*
22.29%
10Y*
9.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NB2.DE vs. WULF - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
NB2.DE
Northern Data AG
-13.95%-65.13%69.58%335.07%-92.15%-0.00%281.19%12.22%553.23%53.85%
WULF
TeraWulf Inc.
112.98%78.91%151.40%249.77%-95.30%90.33%70.98%-35.12%17.39%-41.37%

Correlation

The correlation between NB2.DE and WULF is 0.00, 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

0.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.14

Correlation (10Y)
Calculated over the trailing 10-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Apr 2, 2015

0.07

The correlation between NB2.DE and WULF shifts across timeframes, from 0.00 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.

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Return for Risk

NB2.DE vs. WULF — Risk / Return Rank

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

NB2.DE
NB2.DE Risk / Return Rank: 1313
Overall Rank
NB2.DE Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
NB2.DE Sortino Ratio Rank: 1111
Sortino Ratio Rank
NB2.DE Omega Ratio Rank: 1212
Omega Ratio Rank
NB2.DE Calmar Ratio Rank: 1414
Calmar Ratio Rank
NB2.DE Martin Ratio Rank: 1919
Martin Ratio Rank

WULF
WULF Risk / Return Rank: 9797
Overall Rank
WULF Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
WULF Sortino Ratio Rank: 9696
Sortino Ratio Rank
WULF Omega Ratio Rank: 9393
Omega Ratio Rank
WULF Calmar Ratio Rank: 9999
Calmar Ratio Rank
WULF Martin Ratio Rank: 9999
Martin Ratio Rank
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.

NB2.DE vs. WULF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Data AG (NB2.DE) and TeraWulf Inc. (WULF). 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.


NB2.DEWULFDifference
Sharpe ratioReturn per unit of total volatility

-5.73

Sortino ratioReturn per unit of downside risk

-5.41

Omega ratioGain probability vs. loss probability

0.87

1.52

-0.65

Calmar ratioReturn relative to maximum drawdown

-0.74

16.30

-17.04

Martin ratioReturn relative to average drawdown

-1.09

43.05

-44.14

NB2.DE vs. WULF - Sharpe Ratio Comparison

The current NB2.DE Sharpe Ratio is -0.74, which is lower than the WULF Sharpe Ratio of 4.99. The chart below compares the historical Sharpe Ratios of NB2.DE and WULF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


NB2.DEWULFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.74

4.99

-5.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.38

0.18

-0.56

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.10

0.10

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.10

0.09

+0.01

Drawdowns

NB2.DE vs. WULF - Drawdown Comparison

The maximum NB2.DE drawdown since its inception was -95.91%, roughly equal to the maximum WULF drawdown of -98.41%. Use the drawdown chart below to compare losses from any high point for NB2.DE and WULF.


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Drawdown Indicators


NB2.DEWULFDifference

Max Drawdown

Largest peak-to-trough decline

-95.91%

-98.41%

+2.50%

Max Drawdown (1Y)

Largest decline over 1 year

-71.21%

-32.34%

-38.87%

Max Drawdown (3Y)

Largest decline over 3 years

-83.77%

-76.39%

-7.38%

Max Drawdown (5Y)

Largest decline over 5 years

-94.84%

-98.41%

+3.57%

Max Drawdown (10Y)

Largest decline over 10 years

-95.91%

-98.41%

+2.50%

Current Drawdown

Current decline from peak

-90.34%

-34.85%

-55.49%

Average Drawdown

Average peak-to-trough decline

-58.87%

-51.89%

-6.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

48.37%

12.22%

+36.15%

Volatility

NB2.DE vs. WULF - Volatility Comparison

Northern Data AG (NB2.DE) has a higher volatility of 24.78% compared to TeraWulf Inc. (WULF) at 21.18%. This indicates that NB2.DE's price experiences larger fluctuations and is considered to be riskier than WULF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


NB2.DEWULFDifference

Volatility (1M)

Calculated over the trailing 1-month period

24.78%

21.18%

+3.60%

Volatility (6M)

Calculated over the trailing 6-month period

44.72%

62.80%

-18.08%

Volatility (1Y)

Calculated over the trailing 1-year period

71.60%

106.20%

-34.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

82.52%

126.57%

-44.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

117.25%

100.87%

+16.38%

Dividends

NB2.DE vs. WULF - Dividend Comparison

Neither NB2.DE nor WULF has paid dividends to shareholders.


PositionTTM20252024202320222021
NB2.DE
Northern Data AG
0.00%0.00%0.00%0.00%0.00%0.00%
WULF
TeraWulf Inc.
0.00%0.00%0.00%0.00%0.00%33.22%

Financials

NB2.DE vs. WULF - Financials Comparison

This section allows you to compare key financial metrics between Northern Data AG and TeraWulf Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Please note, different currencies. NB2.DE values in EUR, WULF values in USD

Frequently Asked Questions


NB2.DE and WULF have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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