NRDBY vs. UNCRY

Last updated Jun 3, 2026

NRDBY (Nordea Bank Abp ADR) and UNCRY (UniCredit SpA ADR) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 5 years, NRDBY returned 21.50%/yr vs 54.58%/yr for UNCRY. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

NRDBY vs. UNCRY - Performance Comparison

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

Returns By Period

In the year-to-date period, NRDBY achieves a 6.78% return, which is significantly lower than UNCRY's 7.62% return.

NRDBY

• 1D: -0.53%
• 1M: 0.37%
• YTD: 6.78%
• 6M: 11.62%
• 1Y: 36.68%
• 3Y*: 31.88%
• 5Y*: 21.50%
• 10Y*: —

UNCRY

• 1D: 1.51%
• 1M: 12.18%
• YTD: 7.62%
• 6M: 17.60%
• 1Y: 39.93%
• 3Y*: 71.32%
• 5Y*: 54.58%
• 10Y*: —

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

NRDBY vs. UNCRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NRDBY Nordea Bank Abp ADR	6.78%	86.91%	-4.37%	24.47%	-4.71%	61.48%	18.83%	6.41%	-21.59%
UNCRY UniCredit SpA ADR	7.62%	118.78%	57.92%	103.38%	-2.49%	71.06%	-37.52%	30.84%	-21.40%

Correlation

The correlation between NRDBY and UNCRY is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018	0.56

The correlation between NRDBY and UNCRY has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.

Fundamentals

Market Cap NRDBY : $65.07B UNCRY : $131.40B
EPS NRDBY : $1.36 UNCRY : $3.58
PE Ratio NRDBY : 13.90 UNCRY : 12.16
PEG Ratio NRDBY : 1.26 UNCRY : 0.15
PS Ratio NRDBY : 2.91 UNCRY : 5.83
PB Ratio NRDBY : 2.16 UNCRY : 1.92
Total Revenue (TTM) NRDBY : $22.47B UNCRY : $24.09B
Gross Profit (TTM) NRDBY : $8.78B UNCRY : $23.20B
EBITDA (TTM) NRDBY : $6.44B UNCRY : $14.22B

Return for Risk

NRDBY vs. UNCRY — 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: 78
NRDBY Martin Ratio Rank: 84

UNCRY

UNCRY Risk / Return Rank: 71
UNCRY Sharpe Ratio Rank: 76
UNCRY Sortino Ratio Rank: 70
UNCRY Omega Ratio Rank: 68
UNCRY Calmar Ratio Rank: 69
UNCRY Martin Ratio Rank: 72

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. UNCRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nordea Bank Abp ADR (NRDBY) and UniCredit SpA ADR (UNCRY). 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	UNCRY	Difference
Sharpe ratio Return per unit of total volatility	1.62	1.20	+0.41
Sortino ratio Return per unit of downside risk	2.27	1.79	+0.48
Omega ratio Gain probability vs. loss probability	1.27	1.22	+0.05
Calmar ratio Return relative to maximum drawdown	2.54	1.55	+1.00
Martin ratio Return relative to average drawdown	8.55	4.40	+4.15
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. UNCRY - Sharpe Ratio Comparison

The current NRDBY Sharpe Ratio is 1.62, which is higher than the UNCRY Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of NRDBY and UNCRY, 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	UNCRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.20	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	1.40	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.57	+0.06

Drawdowns

NRDBY vs. UNCRY - Drawdown Comparison

The maximum NRDBY drawdown since its inception was -50.06%, smaller than the maximum UNCRY drawdown of -70.20%. Use the drawdown chart below to compare losses from any high point for NRDBY and UNCRY.

Drawdown Indicators

	NRDBY	UNCRY	Difference
Max Drawdown Largest peak-to-trough decline	-50.06%	-70.20%	+20.14%
Max Drawdown (1Y) Largest decline over 1 year	-15.24%	-27.25%	+12.01%
Max Drawdown (3Y) Largest decline over 3 years	-18.25%	-27.25%	+9.00%
Max Drawdown (5Y) Largest decline over 5 years	-30.66%	-50.77%	+20.11%
Current Drawdown Current decline from peak	-2.22%	-4.37%	+2.15%
Average Drawdown Average peak-to-trough decline	-10.63%	-27.51%	+16.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	9.57%	-5.04%

Volatility

NRDBY vs. UNCRY - Volatility Comparison

The current volatility for Nordea Bank Abp ADR (NRDBY) is 7.39%, while UniCredit SpA ADR (UNCRY) has a volatility of 11.07%. This indicates that NRDBY experiences smaller price fluctuations and is considered to be less risky than UNCRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRDBY	UNCRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.39%	11.07%	-3.68%
Volatility (6M) Calculated over the trailing 6-month period	17.94%	27.02%	-9.08%
Volatility (1Y) Calculated over the trailing 1-year period	22.83%	33.37%	-10.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.00%	39.30%	-13.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.36%	42.28%	-12.92%

Dividends

NRDBY vs. UNCRY - Dividend Comparison

NRDBY's dividend yield for the trailing twelve months is around 6.06%, more than UNCRY's 4.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
NRDBY Nordea Bank Abp ADR	6.06%	5.17%	9.06%	7.05%	7.23%	7.50%	10.93%	9.61%	0.00%
UNCRY UniCredit SpA ADR	4.17%	4.00%	7.31%	3.91%	4.01%	0.94%	0.00%	1.37%	2.29%

Financials

NRDBY vs. UNCRY - Profitability Comparison

The chart below illustrates the profitability comparison between Nordea Bank Abp ADR and UniCredit SpA ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NRDBY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nordea Bank Abp ADR reported a gross profit of 2.92B and revenue of 5.22B. Therefore, the gross margin over that period was 56.0%.

UNCRY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, UniCredit SpA ADR reported a gross profit of 6.62B and revenue of 7.05B. Therefore, the gross margin over that period was 93.9%.

NRDBY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nordea Bank Abp ADR reported an operating income of 1.44B and revenue of 5.22B, resulting in an operating margin of 27.7%.

UNCRY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, UniCredit SpA ADR reported an operating income of 4.38B and revenue of 7.05B, resulting in an operating margin of 62.2%.

NRDBY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nordea Bank Abp ADR reported a net income of 1.10B and revenue of 5.22B, resulting in a net margin of 21.1%.

UNCRY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, UniCredit SpA ADR reported a net income of 3.32B and revenue of 7.05B, resulting in a net margin of 47.1%.

Frequently Asked Questions

Can I hold both NRDBY and UNCRY in my portfolio?

NRDBY and UNCRY have a correlation of 0.65, 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 UNCRY?

UNCRY has higher volatility (11.07%) compared to NRDBY (7.39%). In terms of maximum drawdown, NRDBY dropped -50.06% vs UNCRY's -70.20%.

Which has better risk-adjusted returns?

NRDBY currently has the higher Sharpe Ratio (1.62 vs 1.20), 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.