NRDBY vs. AKRBY

Last updated Jun 4, 2026

NRDBY (Nordea Bank Abp ADR) and AKRBY (Aker BP ASA) are both stocks. NRDBY operates in Banks - Regional (Financial Services), while AKRBY operates in Oil & Gas E&P (Energy). Over the past 3 years, NRDBY returned 31.04%/yr vs 31.44%/yr for AKRBY. At a 0.07 correlation, their price movements are largely independent.

Performance

NRDBY vs. AKRBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nordea Bank Abp ADR (NRDBY) and Aker BP ASA (AKRBY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRDBY achieves a 4.75% return, which is significantly lower than AKRBY's 58.74% return.

NRDBY

• 1D: -1.90%
• 1M: 1.48%
• YTD: 4.75%
• 6M: 9.08%
• 1Y: 36.36%
• 3Y*: 31.04%
• 5Y*: 21.04%
• 10Y*: —

AKRBY

• 1D: 1.00%
• 1M: 5.05%
• YTD: 58.74%
• 6M: 70.69%
• 1Y: 76.50%
• 3Y*: 31.44%
• 5Y*: —
• 10Y*: —

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

NRDBY vs. AKRBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NRDBY Nordea Bank Abp ADR	4.75%	86.91%	-4.37%	12.31%
AKRBY Aker BP ASA	58.74%	46.41%	-15.83%	-2.72%

Correlation

The correlation between NRDBY and AKRBY is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (All Time) Calculated using the full available price history since Feb 2, 2023	0.07

The correlation between NRDBY and AKRBY shifts across timeframes, from -0.12 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NRDBY vs. AKRBY — Risk / Return Rank

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

NRDBY

NRDBY Risk / Return Rank: 80
NRDBY Sharpe Ratio Rank: 83
NRDBY Sortino Ratio Rank: 79
NRDBY Omega Ratio Rank: 76
NRDBY Calmar Ratio Rank: 77
NRDBY Martin Ratio Rank: 83

AKRBY

AKRBY Risk / Return Rank: 80
AKRBY Sharpe Ratio Rank: 75
AKRBY Sortino Ratio Rank: 74
AKRBY Omega Ratio Rank: 79
AKRBY Calmar Ratio Rank: 86
AKRBY Martin Ratio Rank: 85

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.

NRDBY vs. AKRBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nordea Bank Abp ADR (NRDBY) and Aker BP ASA (AKRBY). 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.

	NRDBY	AKRBY	Difference
Sharpe ratio Return per unit of total volatility	1.60	1.17	+0.43
Sortino ratio Return per unit of downside risk	2.25	1.97	+0.29
Omega ratio Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio Return relative to maximum drawdown	2.40	3.69	-1.30
Martin ratio Return relative to average drawdown	8.06	8.70	-0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NRDBY vs. AKRBY - Sharpe Ratio Comparison

The current NRDBY Sharpe Ratio is 1.60, which is higher than the AKRBY Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of NRDBY and AKRBY, 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

	NRDBY	AKRBY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	1.17	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.36	+0.26

Drawdowns

NRDBY vs. AKRBY - Drawdown Comparison

The maximum NRDBY drawdown since its inception was -50.06%, which is greater than AKRBY's maximum drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for NRDBY and AKRBY.

Drawdown Indicators

	NRDBY	AKRBY	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-33.82%	-16.24%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	-20.93%	+5.69%
Max Drawdown (3Y) Largest decline over 3 years	-18.25%	-33.82%	+15.57%
Max Drawdown (5Y) Largest decline over 5 years	-30.66%	—	—
Current Drawdown Current decline from peak	-4.08%	-13.43%	+9.35%
Average Drawdown Average peak-to-trough decline	-10.63%	-10.75%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.52%	8.85%	-4.33%

Volatility

NRDBY vs. AKRBY - Volatility Comparison

The current volatility for Nordea Bank Abp ADR (NRDBY) is 6.99%, while Aker BP ASA (AKRBY) has a volatility of 32.50%. This indicates that NRDBY experiences smaller price fluctuations and is considered to be less risky than AKRBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRDBY	AKRBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.99%	32.50%	-25.51%
Volatility (6M) Calculated over the trailing 6-month period	18.05%	52.57%	-34.52%
Volatility (1Y) Calculated over the trailing 1-year period	22.88%	66.03%	-43.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.01%	59.68%	-33.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.36%	59.68%	-30.32%

Dividends

NRDBY vs. AKRBY - Dividend Comparison

NRDBY's dividend yield for the trailing twelve months is around 6.18%, less than AKRBY's 6.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AKRBY Aker BP ASA	6.54%	9.75%	12.28%	15.16%	0.00%	0.00%	0.00%	0.00%
NRDBY Nordea Bank Abp ADR	6.18%	5.17%	9.06%	7.05%	7.23%	7.50%	10.93%	9.61%

Financials

Frequently Asked Questions

Can I hold both NRDBY and AKRBY in my portfolio?

NRDBY and AKRBY have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NRDBY or AKRBY?

AKRBY has higher volatility (32.50%) compared to NRDBY (6.99%). In terms of maximum drawdown, NRDBY dropped -50.06% vs AKRBY's -33.82%.

Which has better risk-adjusted returns?

NRDBY currently has the higher Sharpe Ratio (1.60 vs 1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.