NOVO-B.CO vs. SPY
Compare and contrast key facts about Novo Nordisk A/S (NOVO-B.CO) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NOVO-B.CO or SPY.
Correlation
The correlation between NOVO-B.CO and SPY is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NOVO-B.CO vs. SPY - Performance Comparison
Key characteristics
NOVO-B.CO:
-0.76
SPY:
1.91
NOVO-B.CO:
-0.88
SPY:
2.57
NOVO-B.CO:
0.88
SPY:
1.35
NOVO-B.CO:
-0.65
SPY:
2.88
NOVO-B.CO:
-1.43
SPY:
11.96
NOVO-B.CO:
20.97%
SPY:
2.03%
NOVO-B.CO:
39.78%
SPY:
12.68%
NOVO-B.CO:
-64.64%
SPY:
-55.19%
NOVO-B.CO:
-42.68%
SPY:
0.00%
Returns By Period
In the year-to-date period, NOVO-B.CO achieves a -5.96% return, which is significantly lower than SPY's 4.34% return. Over the past 10 years, NOVO-B.CO has outperformed SPY with an annualized return of 16.84%, while SPY has yielded a comparatively lower 13.21% annualized return.
NOVO-B.CO
-5.96%
1.98%
-35.37%
-30.83%
23.96%
16.84%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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Risk-Adjusted Performance
NOVO-B.CO vs. SPY — Risk-Adjusted Performance Rank
NOVO-B.CO
SPY
NOVO-B.CO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NOVO-B.CO) and SPDR S&P 500 ETF (SPY). 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.
Dividends
NOVO-B.CO vs. SPY - Dividend Comparison
NOVO-B.CO's dividend yield for the trailing twelve months is around 1.69%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOVO-B.CO Novo Nordisk A/S | 1.69% | 1.59% | 1.01% | 2.09% | 1.27% | 2.02% | 2.11% | 2.64% | 2.27% | 3.69% | 1.25% | 1.73% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NOVO-B.CO vs. SPY - Drawdown Comparison
The maximum NOVO-B.CO drawdown since its inception was -64.64%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NOVO-B.CO and SPY. For additional features, visit the drawdowns tool.
Volatility
NOVO-B.CO vs. SPY - Volatility Comparison
Novo Nordisk A/S (NOVO-B.CO) has a higher volatility of 12.45% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that NOVO-B.CO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.