NEE vs. NOVO-B.CO

Last updated Jun 9, 2026

NEE (NextEra Energy, Inc.) and NOVO-B.CO (Novo Nordisk A/S) are both stocks. NEE operates in Utilities - Regulated Electric (Utilities), while NOVO-B.CO operates in Biotechnology (Healthcare). Over the past 10 years, NEE returned 13.35%/yr vs 16.29%/yr for NOVO-B.CO. At a 0.15 correlation, their price movements are largely independent.

Performance

NEE vs. NOVO-B.CO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NextEra Energy, Inc. (NEE) and Novo Nordisk A/S (NOVO-B.CO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NEE is traded in USD, while NOVO-B.CO is traded in DKK. To make them comparable, the NOVO-B.CO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NEE achieves a 6.13% return, which is significantly higher than NOVO-B.CO's -14.86% return. Over the past 10 years, NEE has underperformed NOVO-B.CO with an annualized return of 13.35%, while NOVO-B.CO has yielded a comparatively higher 16.29% annualized return.

NEE

• 1D: -2.13%
• 1M: -9.10%
• YTD: 6.13%
• 6M: 5.78%
• 1Y: 19.79%
• 3Y*: 7.41%
• 5Y*: 5.75%
• 10Y*: 13.35%

NOVO-B.CO

• 1D: 0.00%
• 1M: -8.03%
• YTD: -14.86%
• 6M: -6.49%
• 1Y: -41.18%
• 3Y*: 5.14%
• 5Y*: 18.06%
• 10Y*: 16.29%

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

NEE vs. NOVO-B.CO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEE NextEra Energy, Inc.	6.13%	15.47%	21.46%	-25.30%	-8.54%	23.39%	30.06%	42.69%	14.30%	34.39%
NOVO-B.CO Novo Nordisk A/S	-14.86%	-39.54%	-15.04%	214.95%	23.90%	65.39%	27.16%	32.88%	-10.64%	58.82%

Correlation

The correlation between NEE and NOVO-B.CO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Sep 3, 2007	0.16

Return for Risk

NEE vs. NOVO-B.CO — Risk / Return Rank

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

NEE

NEE Risk / Return Rank: 67
NEE Sharpe Ratio Rank: 69
NEE Sortino Ratio Rank: 62
NEE Omega Ratio Rank: 62
NEE Calmar Ratio Rank: 68
NEE Martin Ratio Rank: 72

NOVO-B.CO

NOVO-B.CO Risk / Return Rank: 13
NOVO-B.CO Sharpe Ratio Rank: 10
NOVO-B.CO Sortino Ratio Rank: 13
NOVO-B.CO Omega Ratio Rank: 12
NOVO-B.CO Calmar Ratio Rank: 12
NOVO-B.CO Martin Ratio Rank: 17

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.

NEE vs. NOVO-B.CO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NextEra Energy, Inc. (NEE) and Novo Nordisk A/S (NOVO-B.CO). 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.

	NEE	NOVO-B.CO	Difference
Sharpe ratio: Return per unit of total volatility	0.84	-0.75	+1.58
Sortino ratio: Return per unit of downside risk	1.29	-0.84	+2.13
Omega ratio: Gain probability vs. loss probability	1.17	0.88	+0.29
Calmar ratio: Return relative to maximum drawdown	1.37	-0.76	+2.13
Martin ratio: Return relative to average drawdown	3.95	-1.14	+5.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NEE vs. NOVO-B.CO - Sharpe Ratio Comparison

The current NEE Sharpe Ratio is 0.84, which is higher than the NOVO-B.CO Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of NEE and NOVO-B.CO, 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

	NEE	NOVO-B.CO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	-0.75	+1.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.31	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.36	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.66	-0.04

Drawdowns

NEE vs. NOVO-B.CO - Drawdown Comparison

The maximum NEE drawdown since its inception was -47.81%, smaller than the maximum NOVO-B.CO drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for NEE and NOVO-B.CO.

Drawdown Indicators

	NEE	NOVO-B.CO	Difference
Max Drawdown Largest peak-to-trough decline	-47.81%	-74.86%	+27.05%
Max Drawdown (1Y) Largest decline over 1 year	-14.53%	-54.88%	+40.35%
Max Drawdown (3Y) Largest decline over 3 years	-34.57%	-74.86%	+40.29%
Max Drawdown (5Y) Largest decline over 5 years	-44.97%	-74.86%	+29.89%
Max Drawdown (10Y) Largest decline over 10 years	-44.97%	-74.86%	+29.89%
Current Drawdown Current decline from peak	-13.54%	-69.56%	+56.02%
Average Drawdown Average peak-to-trough decline	-8.92%	-12.33%	+3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.02%	36.42%	-31.40%

Volatility

NEE vs. NOVO-B.CO - Volatility Comparison

The current volatility for NextEra Energy, Inc. (NEE) is 8.52%, while Novo Nordisk A/S (NOVO-B.CO) has a volatility of 11.16%. This indicates that NEE experiences smaller price fluctuations and is considered to be less risky than NOVO-B.CO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEE	NOVO-B.CO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	11.16%	-2.64%
Volatility (6M) Calculated over the trailing 6-month period	17.13%	40.40%	-23.27%
Volatility (1Y) Calculated over the trailing 1-year period	23.81%	55.90%	-32.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.92%	58.91%	-31.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.49%	45.47%	-19.98%

Dividends

NEE vs. NOVO-B.CO - Dividend Comparison

NEE's dividend yield for the trailing twelve months is around 2.83%, less than NOVO-B.CO's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEE NextEra Energy, Inc.	2.83%	2.82%	2.87%	3.08%	2.03%	1.65%	1.81%	2.06%	2.55%	2.52%	2.91%	2.96%
NOVO-B.CO Novo Nordisk A/S	4.35%	3.58%	1.59%	1.01%	2.38%	2.54%	4.03%	4.22%	5.27%	4.54%	7.38%	2.50%

Financials

Frequently Asked Questions

Can I hold both NEE and NOVO-B.CO in my portfolio?

NEE and NOVO-B.CO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.