NOVO-B.CO vs. XRP-USD
NOVO-B.CO (Novo Nordisk A/S) is a stock, while XRP-USD (XRP) is a cryptocurrency. Over the past 5 years, NOVO-B.CO returned 20.64%/yr vs 5.98%/yr for XRP-USD. At a 0.03 correlation, their price movements are largely independent.
Performance
NOVO-B.CO vs. XRP-USD - Performance Comparison
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Different Trading Currencies
NOVO-B.CO is traded in DKK, while XRP-USD is traded in USD. To make them comparable, the XRP-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 XRP-USD's -37.38% 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%
XRP-USD
- 1D
- 0.00%
- 1M
- -23.01%
- YTD
- -37.38%
- 6M
- -42.65%
- 1Y
- -47.20%
- 3Y*
- 30.39%
- 5Y*
- 5.98%
- 10Y*
- —
NOVO-B.CO vs. XRP-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% |
XRP-USD XRP | -37.38% | -21.92% | 255.94% | 75.60% | -55.90% | 305.77% | 4.17% | -44.03% | -83.29% | 32,326.99% |
Correlation
The correlation between NOVO-B.CO and XRP-USD 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 | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2017 | 0.03 |
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Return for Risk
NOVO-B.CO vs. XRP-USD — Risk / Return Rank
NOVO-B.CO
XRP-USD
NOVO-B.CO vs. XRP-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NOVO-B.CO) and XRP (XRP-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 | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.90 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.69 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.15 | -1.08 | -0.08 |
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Drawdowns
NOVO-B.CO vs. XRP-USD - Drawdown Comparison
The maximum NOVO-B.CO drawdown since its inception was -76.75%, smaller than the maximum XRP-USD drawdown of -95.27%. Use the drawdown chart below to compare losses from any high point for NOVO-B.CO and XRP-USD.
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Drawdown Indicators
| NOVO-B.CO | XRP-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.75% | -95.27% | +18.52% |
Max Drawdown (1Y)Largest decline over 1 year | -54.63% | -68.67% | +14.04% |
Max Drawdown (3Y)Largest decline over 3 years | -76.75% | -70.33% | -6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -76.75% | -74.73% | -2.02% |
Max Drawdown (10Y)Largest decline over 10 years | -76.75% | — | — |
Current DrawdownCurrent decline from peak | -70.15% | -69.40% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -69.60% | +58.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.11% | 43.78% | -6.67% |
Volatility
NOVO-B.CO vs. XRP-USD - Volatility Comparison
The current volatility for Novo Nordisk A/S (NOVO-B.CO) is 11.47%, while XRP (XRP-USD) has a volatility of 13.02%. This indicates that NOVO-B.CO experiences smaller price fluctuations and is considered to be less risky than XRP-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 | XRP-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.47% | 13.02% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 39.57% | 45.90% | -6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.40% | 55.43% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.56% | 71.25% | -12.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.08% | 103.16% | -58.08% |
Frequently Asked Questions
NOVO-B.CO and XRP-USD 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.
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