NB2.DE vs. WULF
NB2.DE (Northern Data AG) and WULF (TeraWulf Inc.) are both stocks. NB2.DE operates in Information Technology Services (Technology), while WULF operates in Capital Markets (Financial Services). Over the past 10 years, NB2.DE returned 10.74%/yr vs 9.94%/yr for WULF. At a 0.07 correlation, their price movements are largely independent.
Performance
NB2.DE vs. WULF - Performance Comparison
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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%
NB2.DE vs. WULF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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
NB2.DE
WULF
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.DE | WULF | Difference | |
|---|---|---|---|
| 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 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NB2.DE | WULF | Difference | |
|---|---|---|---|
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.DE | WULF | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -90.34% | -34.85% | -55.49% |
Average DrawdownAverage peak-to-trough decline | -58.87% | -51.89% | -6.98% |
Ulcer IndexDepth 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.DE | WULF | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
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.
Total Revenue: Total amount of money received from sales and other business activities
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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