NDA-FI.HE vs. DNBBY

Last updated Jun 5, 2026

NDA-FI.HE (Nordea Bank Abp) and DNBBY (DNB Bank ASA) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 3 years, NDA-FI.HE returned 28.86%/yr vs 25.29%/yr for DNBBY. At a 0.45 correlation, their price movements are largely independent.

Performance

NDA-FI.HE vs. DNBBY - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Nordea Bank Abp (NDA-FI.HE) and DNB Bank ASA (DNBBY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NDA-FI.HE is traded in EUR, while DNBBY is traded in USD. To make them comparable, the DNBBY values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, NDA-FI.HE achieves a 7.47% return, which is significantly lower than DNBBY's 16.25% return.

NDA-FI.HE

• 1D: 0.50%
• 1M: 1.79%
• YTD: 7.47%
• 6M: 12.18%
• 1Y: 35.90%
• 3Y*: 28.86%
• 5Y*: 22.51%
• 10Y*: 14.16%

DNBBY

• 1D: -1.28%
• 1M: 1.06%
• YTD: 16.25%
• 6M: 20.44%
• 1Y: 14.94%
• 3Y*: 25.29%
• 5Y*: —
• 10Y*: —

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

NDA-FI.HE vs. DNBBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NDA-FI.HE Nordea Bank Abp	7.47%	65.26%	1.85%	21.29%	-0.12%	22.94%
DNBBY DNB Bank ASA	16.25%	30.73%	8.58%	11.62%	-3.66%	14.18%

Correlation

The correlation between NDA-FI.HE and DNBBY is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021	0.45

Return for Risk

NDA-FI.HE vs. DNBBY — Risk / Return Rank

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

NDA-FI.HE

NDA-FI.HE Risk / Return Rank: 84
NDA-FI.HE Sharpe Ratio Rank: 85
NDA-FI.HE Sortino Ratio Rank: 83
NDA-FI.HE Omega Ratio Rank: 79
NDA-FI.HE Calmar Ratio Rank: 83
NDA-FI.HE Martin Ratio Rank: 89

DNBBY

DNBBY Risk / Return Rank: 62
DNBBY Sharpe Ratio Rank: 65
DNBBY Sortino Ratio Rank: 56
DNBBY Omega Ratio Rank: 56
DNBBY Calmar Ratio Rank: 67
DNBBY Martin Ratio Rank: 66

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.

NDA-FI.HE vs. DNBBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nordea Bank Abp (NDA-FI.HE) and DNB Bank ASA (DNBBY). 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.

	NDA-FI.HE	DNBBY	Difference
Sharpe ratio: Return per unit of total volatility	1.77	0.71	+1.06
Sortino ratio: Return per unit of downside risk	2.53	1.01	+1.52
Omega ratio: Gain probability vs. loss probability	1.30	1.14	+0.16
Calmar ratio: Return relative to maximum drawdown	3.12	1.26	+1.86
Martin ratio: Return relative to average drawdown	11.00	2.56	+8.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDA-FI.HE vs. DNBBY - Sharpe Ratio Comparison

The current NDA-FI.HE Sharpe Ratio is 1.77, which is higher than the DNBBY Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of NDA-FI.HE and DNBBY, 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

	NDA-FI.HE	DNBBY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	0.71	+1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.63	-0.29

Drawdowns

NDA-FI.HE vs. DNBBY - Drawdown Comparison

The maximum NDA-FI.HE drawdown since its inception was -71.54%, which is greater than DNBBY's maximum drawdown of -23.37%. Use the drawdown chart below to compare losses from any high point for NDA-FI.HE and DNBBY.

Drawdown Indicators

	NDA-FI.HE	DNBBY	Difference
Max Drawdown Largest peak-to-trough decline	-71.54%	-23.37%	-48.17%
Max Drawdown (1Y) Largest decline over 1 year	-11.49%	-11.89%	+0.40%
Max Drawdown (3Y) Largest decline over 3 years	-17.46%	-19.06%	+1.60%
Max Drawdown (5Y) Largest decline over 5 years	-26.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.04%	—	—
Current Drawdown Current decline from peak	-3.49%	-4.30%	+0.81%
Average Drawdown Average peak-to-trough decline	-16.96%	-7.45%	-9.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	5.86%	-2.60%

Volatility

NDA-FI.HE vs. DNBBY - Volatility Comparison

Nordea Bank Abp (NDA-FI.HE) has a higher volatility of 5.04% compared to DNB Bank ASA (DNBBY) at 3.73%. This indicates that NDA-FI.HE's price experiences larger fluctuations and is considered to be riskier than DNBBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDA-FI.HE	DNBBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	3.73%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	15.26%	14.31%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	20.27%	21.07%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.18%	24.80%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.18%	24.80%	+0.38%

Dividends

NDA-FI.HE vs. DNBBY - Dividend Comparison

NDA-FI.HE's dividend yield for the trailing twelve months is around 5.93%, less than DNBBY's 6.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNBBY DNB Bank ASA	6.32%	5.35%	7.71%	5.70%	5.52%	4.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NDA-FI.HE Nordea Bank Abp	5.93%	5.84%	8.76%	7.13%	6.88%	7.32%	0.00%	9.53%	9.35%	6.44%	6.04%	6.11%

Financials

Frequently Asked Questions

Can I hold both NDA-FI.HE and DNBBY in my portfolio?

NDA-FI.HE and DNBBY have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.