NOVO-B.CO vs. SOL-USD
NOVO-B.CO (Novo Nordisk A/S) is a stock, while SOL-USD (Solana) is a cryptocurrency. Over the past 5 years, NOVO-B.CO returned 20.64%/yr vs 13.14%/yr for SOL-USD. At a 0.06 correlation, their price movements are largely independent.
Performance
NOVO-B.CO vs. SOL-USD - Performance Comparison
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Different Trading Currencies
NOVO-B.CO is traded in DKK, while SOL-USD is traded in USD. To make them comparable, the SOL-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 SOL-USD's -44.35% 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%
SOL-USD
- 1D
- 0.00%
- 1M
- -25.35%
- YTD
- -44.35%
- 6M
- -47.68%
- 1Y
- -54.11%
- 3Y*
- 64.13%
- 5Y*
- 13.14%
- 10Y*
- —
NOVO-B.CO vs. SOL-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NOVO-B.CO Novo Nordisk A/S | -8.64% | -46.40% | -9.59% | 205.34% | 31.49% | 79.08% | 6.61% |
SOL-USD Solana | -44.35% | -41.81% | 89.65% | 940.89% | -93.80% | 11,967.76% | 62.01% |
Correlation
The correlation between NOVO-B.CO and SOL-USD is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2020 | 0.06 |
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Return for Risk
NOVO-B.CO vs. SOL-USD — Risk / Return Rank
NOVO-B.CO
SOL-USD
NOVO-B.CO vs. SOL-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NOVO-B.CO) and Solana (SOL-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 | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.90 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.73 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.15 | -1.17 | +0.02 |
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Drawdowns
NOVO-B.CO vs. SOL-USD - Drawdown Comparison
The maximum NOVO-B.CO drawdown since its inception was -76.75%, smaller than the maximum SOL-USD drawdown of -95.78%. Use the drawdown chart below to compare losses from any high point for NOVO-B.CO and SOL-USD.
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Drawdown Indicators
| NOVO-B.CO | SOL-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.75% | -95.78% | +19.03% |
Max Drawdown (1Y)Largest decline over 1 year | -54.63% | -73.91% | +19.28% |
Max Drawdown (3Y)Largest decline over 3 years | -76.75% | -77.81% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -76.75% | -95.78% | +19.03% |
Max Drawdown (10Y)Largest decline over 10 years | -76.75% | — | — |
Current DrawdownCurrent decline from peak | -70.15% | -76.11% | +5.96% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -50.52% | +39.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.11% | 52.84% | -15.73% |
Volatility
NOVO-B.CO vs. SOL-USD - Volatility Comparison
The current volatility for Novo Nordisk A/S (NOVO-B.CO) is 11.47%, while Solana (SOL-USD) has a volatility of 16.17%. This indicates that NOVO-B.CO experiences smaller price fluctuations and is considered to be less risky than SOL-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 | SOL-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.47% | 16.17% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 39.57% | 47.35% | -7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.40% | 58.72% | -4.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.56% | 81.23% | -22.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.08% | 101.00% | -55.92% |
Frequently Asked Questions
NOVO-B.CO and SOL-USD have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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