NOVO-B.CO vs. BNB-USD
NOVO-B.CO (Novo Nordisk A/S) is a stock, while BNB-USD (BNB) is a cryptocurrency. Over the past 5 years, NOVO-B.CO returned 20.64%/yr vs 11.50%/yr for BNB-USD. At a 0.05 correlation, their price movements are largely independent.
Performance
NOVO-B.CO vs. BNB-USD - Performance Comparison
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Different Trading Currencies
NOVO-B.CO is traded in DKK, while BNB-USD is traded in USD. To make them comparable, the BNB-USD 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 higher than BNB-USD's -29.00% 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%
BNB-USD
- 1D
- 0.00%
- 1M
- -10.20%
- YTD
- -29.00%
- 6M
- -30.50%
- 1Y
- -7.86%
- 3Y*
- 33.63%
- 5Y*
- 11.50%
- 10Y*
- —
NOVO-B.CO vs. BNB-USD - 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% | 4.56% |
BNB-USD BNB | -29.00% | 8.77% | 138.18% | 24.19% | -48.97% | 1,378.43% | 146.83% | 131.92% | -27.68% | 316.41% |
Correlation
The correlation between NOVO-B.CO and BNB-USD is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.05 |
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Return for Risk
NOVO-B.CO vs. BNB-USD — Risk / Return Rank
NOVO-B.CO
BNB-USD
NOVO-B.CO vs. BNB-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NOVO-B.CO) and BNB (BNB-USD). 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 | BNB-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.02 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.14 | -0.64 |
| Martin ratioReturn relative to average drawdown | -1.15 | -0.22 | -0.93 |
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Drawdowns
NOVO-B.CO vs. BNB-USD - Drawdown Comparison
The maximum NOVO-B.CO drawdown since its inception was -76.75%, roughly equal to the maximum BNB-USD drawdown of -77.65%. Use the drawdown chart below to compare losses from any high point for NOVO-B.CO and BNB-USD.
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Drawdown Indicators
| NOVO-B.CO | BNB-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.75% | -77.65% | +0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -54.63% | -55.88% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -76.75% | -55.88% | -20.87% |
Max Drawdown (5Y)Largest decline over 5 years | -76.75% | -65.97% | -10.78% |
Max Drawdown (10Y)Largest decline over 10 years | -76.75% | — | — |
Current DrawdownCurrent decline from peak | -70.15% | -53.56% | -16.59% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -36.68% | +25.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.11% | 42.46% | -5.35% |
Volatility
NOVO-B.CO vs. BNB-USD - Volatility Comparison
The current volatility for Novo Nordisk A/S (NOVO-B.CO) is 11.47%, while BNB (BNB-USD) has a volatility of 16.40%. This indicates that NOVO-B.CO experiences smaller price fluctuations and is considered to be less risky than BNB-USD 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 | BNB-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.47% | 16.40% | -4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 39.57% | 34.94% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.40% | 45.14% | +9.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.56% | 50.17% | +8.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.08% | 78.82% | -33.74% |
Frequently Asked Questions
NOVO-B.CO and BNB-USD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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