NOVO-B.CO vs. SIEMENS.NS

Last updated Jun 9, 2026

NOVO-B.CO (Novo Nordisk A/S) and SIEMENS.NS (Siemens Limited) are both stocks. NOVO-B.CO operates in Biotechnology (Healthcare), while SIEMENS.NS operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, NOVO-B.CO returned 15.87%/yr vs 15.77%/yr for SIEMENS.NS. At a 0.11 correlation, their price movements are largely independent.

Performance

NOVO-B.CO vs. SIEMENS.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a DKK 10,000 investment in Novo Nordisk A/S (NOVO-B.CO) and Siemens Limited (SIEMENS.NS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NOVO-B.CO is traded in DKK, while SIEMENS.NS is traded in INR. To make them comparable, the SIEMENS.NS 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 -14.51% return, which is significantly lower than SIEMENS.NS's 13.40% return. Both investments have delivered pretty close results over the past 10 years, with NOVO-B.CO having a 15.87% annualized return and SIEMENS.NS not far behind at 15.77%.

NOVO-B.CO

• 1D: -1.18%
• 1M: -7.41%
• YTD: -14.51%
• 6M: -7.00%
• 1Y: -42.63%
• 3Y*: 2.27%
• 5Y*: 19.11%
• 10Y*: 15.87%

SIEMENS.NS

• 1D: 0.00%
• 1M: -4.16%
• YTD: 13.40%
• 6M: 7.73%
• 1Y: -2.28%
• 3Y*: 15.78%
• 5Y*: 22.54%
• 10Y*: 15.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NOVO-B.CO vs. SIEMENS.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NOVO-B.CO Novo Nordisk A/S	-14.51%	-46.40%	-9.59%	205.34%	31.49%	79.08%	15.29%	36.17%	-6.15%	39.57%
SIEMENS.NS Siemens Limited	13.40%	-23.82%	69.19%	38.67%	15.19%	58.96%	-4.97%	44.53%	-17.83%	5.05%

Correlation

The correlation between NOVO-B.CO and SIEMENS.NS is 0.02, 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	0.02
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	0.11
Correlation (All Time) Calculated using the full available price history since Sep 3, 2007	0.11

Return for Risk

NOVO-B.CO vs. SIEMENS.NS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NOVO-B.CO

NOVO-B.CO Risk / Return Rank: 13
NOVO-B.CO Sharpe Ratio Rank: 10
NOVO-B.CO Sortino Ratio Rank: 13
NOVO-B.CO Omega Ratio Rank: 12
NOVO-B.CO Calmar Ratio Rank: 12
NOVO-B.CO Martin Ratio Rank: 17

SIEMENS.NS

SIEMENS.NS Risk / Return Rank: 49
SIEMENS.NS Sharpe Ratio Rank: 51
SIEMENS.NS Sortino Ratio Rank: 44
SIEMENS.NS Omega Ratio Rank: 44
SIEMENS.NS Calmar Ratio Rank: 54
SIEMENS.NS Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NOVO-B.CO vs. SIEMENS.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NOVO-B.CO) and Siemens Limited (SIEMENS.NS). 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.

	NOVO-B.CO	SIEMENS.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.79	-0.14	-0.65
Sortino ratio: Return per unit of downside risk	-0.93	0.02	-0.95
Omega ratio: Gain probability vs. loss probability	0.87	1.00	-0.13
Calmar ratio: Return relative to maximum drawdown	-0.79	-0.20	-0.59
Martin ratio: Return relative to average drawdown	-1.16	-0.40	-0.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NOVO-B.CO vs. SIEMENS.NS - Sharpe Ratio Comparison

The current NOVO-B.CO Sharpe Ratio is -0.79, which is lower than the SIEMENS.NS Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of NOVO-B.CO and SIEMENS.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NOVO-B.CO	SIEMENS.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.79	-0.14	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.73	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.51	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.36	+0.43

Drawdowns

NOVO-B.CO vs. SIEMENS.NS - Drawdown Comparison

The maximum NOVO-B.CO drawdown since its inception was -76.75%, roughly equal to the maximum SIEMENS.NS drawdown of -77.49%. Use the drawdown chart below to compare losses from any high point for NOVO-B.CO and SIEMENS.NS.

Drawdown Indicators

	NOVO-B.CO	SIEMENS.NS	Difference
Max Drawdown Largest peak-to-trough decline	-76.75%	-77.49%	+0.74%
Max Drawdown (1Y) Largest decline over 1 year	-54.94%	-23.83%	-31.11%
Max Drawdown (3Y) Largest decline over 3 years	-76.75%	-43.04%	-33.71%
Max Drawdown (5Y) Largest decline over 5 years	-76.75%	-43.04%	-33.71%
Max Drawdown (10Y) Largest decline over 10 years	-76.75%	-50.19%	-26.56%
Current Drawdown Current decline from peak	-72.07%	-28.66%	-43.41%
Average Drawdown Average peak-to-trough decline	-11.25%	-23.41%	+12.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.82%	11.74%	+25.08%

Volatility

NOVO-B.CO vs. SIEMENS.NS - Volatility Comparison

The current volatility for Novo Nordisk A/S (NOVO-B.CO) is 10.59%, while Siemens Limited (SIEMENS.NS) has a volatility of 13.62%. This indicates that NOVO-B.CO experiences smaller price fluctuations and is considered to be less risky than SIEMENS.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NOVO-B.CO	SIEMENS.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.59%	13.62%	-3.03%
Volatility (6M) Calculated over the trailing 6-month period	39.29%	27.27%	+12.02%
Volatility (1Y) Calculated over the trailing 1-year period	54.59%	32.69%	+21.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.54%	31.52%	+27.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.06%	31.45%	+13.61%

Dividends

NOVO-B.CO vs. SIEMENS.NS - Dividend Comparison

NOVO-B.CO's dividend yield for the trailing twelve months is around 4.35%, while SIEMENS.NS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOVO-B.CO Novo Nordisk A/S	4.35%	3.58%	1.59%	1.01%	2.38%	2.54%	4.03%	4.22%	5.27%	4.54%	7.38%	2.50%
SIEMENS.NS Siemens Limited	0.00%	0.39%	0.29%	0.48%	0.55%	0.57%	0.86%	0.90%	1.29%	0.93%	5.45%	0.96%

Financials

Frequently Asked Questions

Can I hold both NOVO-B.CO and SIEMENS.NS in my portfolio?

NOVO-B.CO and SIEMENS.NS have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.