NOVO-B.CO vs. ^NDX
NOVO-B.CO (Novo Nordisk A/S) is a stock, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, NOVO-B.CO returned 17.36%/yr vs 20.63%/yr for ^NDX. At a 0.20 correlation, their price movements are largely independent.
Performance
NOVO-B.CO vs. ^NDX - Performance Comparison
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Different Trading Currencies
NOVO-B.CO is traded in DKK, while ^NDX is traded in USD. To make them comparable, the ^NDX values have been converted to DKK using the latest available exchange rates.
Returns By Period
In the year-to-date period, NOVO-B.CO achieves a -8.64% return, which is significantly lower than ^NDX's 19.26% return. Over the past 10 years, NOVO-B.CO has underperformed ^NDX with an annualized return of 17.36%, while ^NDX has yielded a comparatively higher 20.63% annualized return.
NOVO-B.CO
- 1D
- 1.66%
- 1M
- -3.99%
- YTD
- -8.64%
- 6M
- -7.47%
- 1Y
- -41.76%
- 3Y*
- 4.58%
- 5Y*
- 20.64%
- 10Y*
- 17.36%
^NDX
- 1D
- 0.75%
- 1M
- 1.09%
- YTD
- 19.26%
- 6M
- 19.45%
- 1Y
- 37.13%
- 3Y*
- 23.01%
- 5Y*
- 17.37%
- 10Y*
- 20.63%
NOVO-B.CO vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOVO-B.CO Novo Nordisk A/S | -8.64% | -46.40% | -9.59% | 205.34% | 31.49% | 79.08% | 15.29% | 36.17% | -6.15% | 39.57% |
^NDX NASDAQ 100 Index | 19.26% | 6.09% | 33.18% | 49.57% | -28.78% | 35.91% | 34.88% | 41.19% | 3.86% | 15.47% |
Correlation
The correlation between NOVO-B.CO and ^NDX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2007 | 0.20 |
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Return for Risk
NOVO-B.CO vs. ^NDX — Risk / Return Rank
NOVO-B.CO
^NDX
NOVO-B.CO vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NOVO-B.CO) and NASDAQ 100 Index (^NDX). 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.
| NOVO-B.CO | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.88 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.37 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.23 | -4.01 |
| Martin ratioReturn relative to average drawdown | -1.15 | 9.99 | -11.14 |
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Drawdowns
NOVO-B.CO vs. ^NDX - Drawdown Comparison
The maximum NOVO-B.CO drawdown since its inception was -76.75%, which is greater than ^NDX's maximum drawdown of -46.51%. Use the drawdown chart below to compare losses from any high point for NOVO-B.CO and ^NDX.
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Drawdown Indicators
| NOVO-B.CO | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.75% | -46.51% | -30.24% |
Max Drawdown (1Y)Largest decline over 1 year | -54.63% | -11.11% | -43.52% |
Max Drawdown (3Y)Largest decline over 3 years | -76.75% | -27.22% | -49.53% |
Max Drawdown (5Y)Largest decline over 5 years | -76.75% | -31.49% | -45.26% |
Max Drawdown (10Y)Largest decline over 10 years | -76.75% | -31.49% | -45.26% |
Current DrawdownCurrent decline from peak | -70.15% | -2.81% | -67.34% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -7.99% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.11% | 3.59% | +33.52% |
Volatility
NOVO-B.CO vs. ^NDX - Volatility Comparison
Novo Nordisk A/S (NOVO-B.CO) has a higher volatility of 11.47% compared to NASDAQ 100 Index (^NDX) at 6.70%. This indicates that NOVO-B.CO's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOVO-B.CO | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.47% | 6.70% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 39.57% | 12.96% | +26.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.40% | 17.15% | +37.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.56% | 22.39% | +36.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.08% | 22.88% | +22.20% |
Frequently Asked Questions
NOVO-B.CO and ^NDX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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