NOVO-B.CO vs. EURUSD=X
NOVO-B.CO (Novo Nordisk A/S) is a stock, while EURUSD=X (Euro / U.S. Dollar) is a currency. Over the past 10 years, NOVO-B.CO returned 17.36%/yr vs 0.06%/yr for EURUSD=X. At a 0.01 correlation, their price movements are largely independent.
Performance
NOVO-B.CO vs. EURUSD=X - Performance Comparison
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Different Trading Currencies
NOVO-B.CO is traded in DKK, while EURUSD=X is traded in USD. To make them comparable, the EURUSD=X 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 EURUSD=X's 0.06% return. Over the past 10 years, NOVO-B.CO has outperformed EURUSD=X with an annualized return of 17.36%, while EURUSD=X has yielded a comparatively lower 0.06% 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%
EURUSD=X
- 1D
- -0.00%
- 1M
- 0.01%
- YTD
- 0.06%
- 6M
- 0.06%
- 1Y
- 0.23%
- 3Y*
- 0.10%
- 5Y*
- 0.10%
- 10Y*
- 0.06%
NOVO-B.CO vs. EURUSD=X - 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% |
EURUSD=X Euro / U.S. Dollar | 0.06% | 0.14% | 0.05% | 0.32% | -0.14% | 0.02% | -0.51% | 0.35% | 0.05% | 0.21% |
Correlation
The correlation between NOVO-B.CO and EURUSD=X is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2007 | 0.01 |
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Return for Risk
NOVO-B.CO vs. EURUSD=X — Risk / Return Rank
NOVO-B.CO
EURUSD=X
NOVO-B.CO vs. EURUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NOVO-B.CO) and Euro / U.S. Dollar (EURUSD=X). 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 | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.12 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 0.74 | -1.52 |
| Martin ratioReturn relative to average drawdown | -1.15 | 2.56 | -3.71 |
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Drawdowns
NOVO-B.CO vs. EURUSD=X - Drawdown Comparison
The maximum NOVO-B.CO drawdown since its inception was -76.75%, which is greater than EURUSD=X's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for NOVO-B.CO and EURUSD=X.
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Drawdown Indicators
| NOVO-B.CO | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.75% | -3.12% | -73.63% |
Max Drawdown (1Y)Largest decline over 1 year | -54.63% | -0.26% | -54.37% |
Max Drawdown (3Y)Largest decline over 3 years | -76.75% | -1.18% | -75.57% |
Max Drawdown (5Y)Largest decline over 5 years | -76.75% | -1.18% | -75.57% |
Max Drawdown (10Y)Largest decline over 10 years | -76.75% | -1.18% | -75.57% |
Current DrawdownCurrent decline from peak | -70.15% | -2.35% | -67.80% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -2.46% | -8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.11% | 0.08% | +37.03% |
Volatility
NOVO-B.CO vs. EURUSD=X - Volatility Comparison
Novo Nordisk A/S (NOVO-B.CO) has a higher volatility of 11.47% compared to Euro / U.S. Dollar (EURUSD=X) at 0.12%. This indicates that NOVO-B.CO's price experiences larger fluctuations and is considered to be riskier than EURUSD=X 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 | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.47% | 0.12% | +11.35% |
Volatility (6M)Calculated over the trailing 6-month period | 39.57% | 0.19% | +39.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.40% | 0.37% | +54.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.56% | 0.78% | +57.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.08% | 0.67% | +44.41% |
Frequently Asked Questions
NOVO-B.CO and EURUSD=X have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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