NOVO-B.CO vs. ETH-USD
NOVO-B.CO (Novo Nordisk A/S) is a stock, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, NOVO-B.CO returned 17.36%/yr vs 56.56%/yr for ETH-USD. At a 0.05 correlation, their price movements are largely independent.
Performance
NOVO-B.CO vs. ETH-USD - Performance Comparison
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Different Trading Currencies
NOVO-B.CO is traded in DKK, while ETH-USD is traded in USD. To make them comparable, the ETH-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 ETH-USD's -42.96% return. Over the past 10 years, NOVO-B.CO has underperformed ETH-USD with an annualized return of 17.36%, while ETH-USD has yielded a comparatively higher 56.56% 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%
ETH-USD
- 1D
- 0.00%
- 1M
- -26.39%
- YTD
- -42.96%
- 6M
- -45.17%
- 1Y
- -35.39%
- 3Y*
- -1.78%
- 5Y*
- -7.45%
- 10Y*
- 56.56%
NOVO-B.CO vs. ETH-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% | 39.57% |
ETH-USD Ethereum | -42.96% | -21.35% | 54.46% | 86.48% | -65.34% | 434.82% | 424.52% | 0.78% | -81.71% | 7,908.66% |
Correlation
The correlation between NOVO-B.CO and ETH-USD is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.05 |
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Return for Risk
NOVO-B.CO vs. ETH-USD — Risk / Return Rank
NOVO-B.CO
ETH-USD
NOVO-B.CO vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NOVO-B.CO) and Ethereum (ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.95 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.53 | -0.25 |
| Martin ratioReturn relative to average drawdown | -1.15 | -0.91 | -0.24 |
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Drawdowns
NOVO-B.CO vs. ETH-USD - Drawdown Comparison
The maximum NOVO-B.CO drawdown since its inception was -76.75%, smaller than the maximum ETH-USD drawdown of -93.19%. Use the drawdown chart below to compare losses from any high point for NOVO-B.CO and ETH-USD.
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Drawdown Indicators
| NOVO-B.CO | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.75% | -93.19% | +16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -54.63% | -66.63% | +12.00% |
Max Drawdown (3Y)Largest decline over 3 years | -76.75% | -66.63% | -10.12% |
Max Drawdown (5Y)Largest decline over 5 years | -76.75% | -76.10% | -0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -76.75% | -93.19% | +16.44% |
Current DrawdownCurrent decline from peak | -70.15% | -65.16% | -4.99% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -48.91% | +37.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.11% | 45.27% | -8.16% |
Volatility
NOVO-B.CO vs. ETH-USD - Volatility Comparison
The current volatility for Novo Nordisk A/S (NOVO-B.CO) is 11.47%, while Ethereum (ETH-USD) has a volatility of 16.12%. This indicates that NOVO-B.CO experiences smaller price fluctuations and is considered to be less risky than ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.47% | 16.12% | -4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 39.57% | 47.05% | -7.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.40% | 55.69% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.56% | 59.41% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.08% | 78.42% | -33.34% |
Frequently Asked Questions
NOVO-B.CO and ETH-USD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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