NOEJ.DE vs. FRE.DE
NOEJ.DE (Norma Group AG NA O.N.) and FRE.DE (Fresenius SE & Co. KGaA) are both stocks. NOEJ.DE operates in Metal Fabrication (Industrials), while FRE.DE operates in Medical Care Facilities (Healthcare). Over the past 10 years, NOEJ.DE returned -6.72%/yr vs -3.79%/yr for FRE.DE. At a 0.29 correlation, their price movements are largely independent.
Performance
NOEJ.DE vs. FRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NOEJ.DE achieves a 19.62% return, which is significantly higher than FRE.DE's -23.05% return. Over the past 10 years, NOEJ.DE has underperformed FRE.DE with an annualized return of -6.72%, while FRE.DE has yielded a comparatively higher -3.79% annualized return.
NOEJ.DE
- 1D
- -0.11%
- 1M
- 10.38%
- YTD
- 19.62%
- 6M
- 24.57%
- 1Y
- 34.15%
- 3Y*
- 2.48%
- 5Y*
- -15.82%
- 10Y*
- -6.72%
FRE.DE
- 1D
- 1.97%
- 1M
- -5.51%
- YTD
- -23.05%
- 6M
- -20.74%
- 1Y
- -14.80%
- 3Y*
- 14.18%
- 5Y*
- -1.76%
- 10Y*
- -3.79%
NOEJ.DE vs. FRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOEJ.DE Norma Group AG NA O.N. | 19.62% | 0.85% | -4.61% | -2.89% | -46.60% | -17.81% | 10.40% | -9.26% | -21.66% | 40.84% |
FRE.DE Fresenius SE & Co. KGaA | -23.05% | 49.50% | 19.49% | 10.62% | -23.79% | -4.64% | -21.47% | 20.37% | -34.16% | -11.69% |
Correlation
The correlation between NOEJ.DE and FRE.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2011 | 0.29 |
The correlation between NOEJ.DE and FRE.DE shifts across timeframes, from 0.20 (1 year) to 0.30 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
NOEJ.DE vs. FRE.DE — Risk / Return Rank
NOEJ.DE
FRE.DE
NOEJ.DE vs. FRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Norma Group AG NA O.N. (NOEJ.DE) and Fresenius SE & Co. KGaA (FRE.DE). 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.
| NOEJ.DE | FRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.91 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | -0.47 | +1.73 |
| Martin ratioReturn relative to average drawdown | 2.34 | -1.32 | +3.67 |
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
| NOEJ.DE | FRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | -0.63 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | -0.07 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | -0.14 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.41 | -0.38 |
Drawdowns
NOEJ.DE vs. FRE.DE - Drawdown Comparison
The maximum NOEJ.DE drawdown since its inception was -84.42%, roughly equal to the maximum FRE.DE drawdown of -81.25%. Use the drawdown chart below to compare losses from any high point for NOEJ.DE and FRE.DE.
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Drawdown Indicators
| NOEJ.DE | FRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.42% | -81.25% | -3.17% |
Max Drawdown (1Y)Largest decline over 1 year | -30.53% | -30.09% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -53.11% | -30.09% | -23.02% |
Max Drawdown (5Y)Largest decline over 5 years | -78.17% | -56.59% | -21.58% |
Max Drawdown (10Y)Largest decline over 10 years | -84.42% | -71.79% | -12.63% |
Current DrawdownCurrent decline from peak | -69.48% | -43.81% | -25.67% |
Average DrawdownAverage peak-to-trough decline | -35.71% | -23.28% | -12.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.44% | 10.60% | +5.84% |
Volatility
NOEJ.DE vs. FRE.DE - Volatility Comparison
Norma Group AG NA O.N. (NOEJ.DE) has a higher volatility of 15.08% compared to Fresenius SE & Co. KGaA (FRE.DE) at 8.54%. This indicates that NOEJ.DE's price experiences larger fluctuations and is considered to be riskier than FRE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOEJ.DE | FRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.08% | 8.54% | +6.54% |
Volatility (6M)Calculated over the trailing 6-month period | 29.02% | 19.03% | +9.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.16% | 22.37% | +20.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.80% | 25.41% | +13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.49% | 27.41% | +11.08% |
Dividends
NOEJ.DE vs. FRE.DE - Dividend Comparison
NOEJ.DE has not paid dividends to shareholders, while FRE.DE's dividend yield for the trailing twelve months is around 2.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRE.DE Fresenius SE & Co. KGaA | 2.86% | 2.04% | 0.00% | 3.28% | 3.50% | 2.49% | 4.44% | 1.59% | 1.77% | 0.95% | 0.74% | 0.58% |
NOEJ.DE Norma Group AG NA O.N. | 0.00% | 2.74% | 3.01% | 3.43% | 8.82% | 2.07% | 0.10% | 2.89% | 2.43% | 1.70% | 2.22% | 1.47% |
Financials
NOEJ.DE vs. FRE.DE - Financials Comparison
This section allows you to compare key financial metrics between Norma Group AG NA O.N. and Fresenius SE & Co. KGaA. 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
NOEJ.DE and FRE.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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