NOV.DE vs. LIGS.DE
NOV.DE (Novo Nordisk A/S) is a stock, while LIGS.DE (Lyxor STOXX Europe 600 Industrial Goods & Services UCITS ETF Acc) is Industrials Equities fund tracking the STOXX® Europe 600 Industrial Goods & Services. Over the past 5 years, NOV.DE returned 20.26%/yr vs 10.62%/yr for LIGS.DE. At a 0.21 correlation, their price movements are largely independent.
Performance
NOV.DE vs. LIGS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NOV.DE achieves a -10.35% return, which is significantly lower than LIGS.DE's 6.12% return.
NOV.DE
- 1D
- 0.21%
- 1M
- -0.63%
- YTD
- -10.35%
- 6M
- -8.05%
- 1Y
- -42.30%
- 3Y*
- 4.29%
- 5Y*
- 20.26%
- 10Y*
- 17.16%
LIGS.DE
- 1D
- 2.01%
- 1M
- 3.03%
- YTD
- 6.12%
- 6M
- 7.65%
- 1Y
- 14.11%
- 3Y*
- 16.11%
- 5Y*
- 10.62%
- 10Y*
- —
NOV.DE vs. LIGS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NOV.DE Novo Nordisk A/S | -10.35% | -45.88% | -9.45% | 201.62% | 32.53% | 76.94% | 16.00% | 33.96% |
LIGS.DE Lyxor STOXX Europe 600 Industrial Goods & Services UCITS ETF Acc | 6.12% | 23.89% | 14.58% | 23.36% | -18.76% | 27.50% | 6.13% | 25.77% |
Correlation
The correlation between NOV.DE and LIGS.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2019 | 0.21 |
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Return for Risk
NOV.DE vs. LIGS.DE — Risk / Return Rank
NOV.DE
LIGS.DE
NOV.DE vs. LIGS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NOV.DE) and Lyxor STOXX Europe 600 Industrial Goods & Services UCITS ETF Acc (LIGS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NOV.DE | LIGS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.13 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 1.00 | -1.80 |
| Martin ratioReturn relative to average drawdown | -1.16 | 3.51 | -4.66 |
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Drawdowns
NOV.DE vs. LIGS.DE - Drawdown Comparison
The maximum NOV.DE drawdown since its inception was -76.24%, which is greater than LIGS.DE's maximum drawdown of -42.19%. Use the drawdown chart below to compare losses from any high point for NOV.DE and LIGS.DE.
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Drawdown Indicators
| NOV.DE | LIGS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.24% | -42.19% | -34.05% |
Max Drawdown (1Y)Largest decline over 1 year | -53.78% | -13.09% | -40.69% |
Max Drawdown (3Y)Largest decline over 3 years | -76.24% | -18.40% | -57.84% |
Max Drawdown (5Y)Largest decline over 5 years | -76.24% | -30.95% | -45.29% |
Max Drawdown (10Y)Largest decline over 10 years | -76.24% | — | — |
Current DrawdownCurrent decline from peak | -70.33% | -3.20% | -67.13% |
Average DrawdownAverage peak-to-trough decline | -11.57% | -7.11% | -4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.53% | 3.75% | +31.78% |
Volatility
NOV.DE vs. LIGS.DE - Volatility Comparison
Novo Nordisk A/S (NOV.DE) has a higher volatility of 9.39% compared to Lyxor STOXX Europe 600 Industrial Goods & Services UCITS ETF Acc (LIGS.DE) at 5.94%. This indicates that NOV.DE's price experiences larger fluctuations and is considered to be riskier than LIGS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOV.DE | LIGS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.39% | 5.94% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 37.99% | 16.22% | +21.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.46% | 19.39% | +31.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.30% | 19.46% | +37.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.50% | 21.27% | +23.23% |
Dividends
NOV.DE vs. LIGS.DE - Dividend Comparison
NOV.DE's dividend yield for the trailing twelve months is around 4.10%, while LIGS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LIGS.DE Lyxor STOXX Europe 600 Industrial Goods & Services UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOV.DE Novo Nordisk A/S | 4.10% | 3.54% | 1.59% | 1.02% | 2.36% | 2.54% | 3.97% | 4.18% | 5.34% | 4.55% | 7.38% | 2.50% |
Frequently Asked Questions
NOV.DE and LIGS.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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