NOVO-B.CO vs. BTC-USD
NOVO-B.CO (Novo Nordisk A/S) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, NOVO-B.CO returned 17.87%/yr vs 57.96%/yr for BTC-USD. At a 0.05 correlation, their price movements are largely independent.
Performance
NOVO-B.CO vs. BTC-USD - Performance Comparison
Loading charts...
Different Trading Currencies
NOVO-B.CO is traded in DKK, while BTC-USD is traded in USD. To make them comparable, the BTC-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 4.32% return, which is significantly higher than BTC-USD's -22.90% return. Over the past 10 years, NOVO-B.CO has underperformed BTC-USD with an annualized return of 17.87%, while BTC-USD has yielded a comparatively higher 57.96% annualized return.
NOVO-B.CO
- 1D
- -0.58%
- 1M
- 17.10%
- 6M
- -10.13%
- YTD
- 4.32%
- 1Y
- -17.20%
- 3Y*
- 8.71%
- 5Y*
- 21.91%
- 10Y*
- 17.87%
- ALL TIME*
- 32.02%
BTC-USD
- 1D
- 1.52%
- 1M
- 3.72%
- 6M
- -27.75%
- YTD
- -22.90%
- 1Y
- -43.05%
- 3Y*
- 28.90%
- 5Y*
- 16.18%
- 10Y*
- 57.96%
- ALL TIME*
- 90.44%
NOVO-B.CO vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOVO-B.CO Novo Nordisk A/S | 4.32% | -46.40% | -9.59% | 205.34% | 31.49% | 79.08% | 15.29% | 36.17% | -6.15% | 39.57% |
BTC-USD Bitcoin | -22.90% | -17.25% | 136.69% | 146.41% | -61.84% | 71.09% | 269.76% | 98.63% | -73.40% | 1,230.94% |
Correlation
The correlation between NOVO-B.CO and BTC-USD is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2012 | 0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NOVO-B.CO vs. BTC-USD — Risk / Return Rank
NOVO-B.CO
BTC-USD
NOVO-B.CO vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NOVO-B.CO) and Bitcoin (BTC-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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.84 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | -0.83 | +0.47 |
| Martin ratioReturn relative to average drawdown | -0.58 | -1.31 | +0.73 |
Loading charts...
Drawdowns
NOVO-B.CO vs. BTC-USD - Drawdown Comparison
The maximum NOVO-B.CO drawdown since its inception was -76.75%, smaller than the maximum BTC-USD drawdown of -83.10%. Use the drawdown chart below to compare losses from any high point for NOVO-B.CO and BTC-USD.
Loading charts...
Drawdown Indicators
| NOVO-B.CO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.75% | -83.10% | +6.35% |
Max Drawdown (1Y)Largest decline over 1 year | -48.20% | -51.81% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -76.75% | -51.81% | -24.94% |
Max Drawdown (5Y)Largest decline over 5 years | -76.75% | -73.61% | -3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -76.75% | -82.45% | +5.70% |
Current DrawdownCurrent decline from peak | -65.92% | -46.02% | -19.90% |
Average DrawdownAverage peak-to-trough decline | -11.62% | -40.25% | +28.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.16% | 28.11% | +2.05% |
Volatility
NOVO-B.CO vs. BTC-USD - Volatility Comparison
Novo Nordisk A/S (NOVO-B.CO) has a higher volatility of 9.88% compared to Bitcoin (BTC-USD) at 8.93%. This indicates that NOVO-B.CO's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NOVO-B.CO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.88% | 8.93% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 38.47% | 34.87% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.56% | 35.39% | +19.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.79% | 44.04% | +14.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.17% | 55.47% | -10.30% |
Frequently Asked Questions
NOVO-B.CO and BTC-USD have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for NOVO-B.CO and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer