NVO vs. BND
NVO (Novo Nordisk A/S) is a stock, while BND (Vanguard Total Bond Market ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, NVO returned 8.18%/yr vs 1.43%/yr for BND. At a correlation of -0.03, they often move in opposite directions.
Performance
NVO vs. BND - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NVO achieves a 0.91% return, which is significantly higher than BND's 0.08% return. Over the past 10 years, NVO has outperformed BND with an annualized return of 8.18%, while BND has yielded a comparatively lower 1.43% annualized return.
NVO
- 1D
- -1.41%
- 1M
- 14.86%
- 6M
- -17.63%
- YTD
- 0.91%
- 1Y
- -19.26%
- 3Y*
- -13.51%
- 5Y*
- 4.43%
- 10Y*
- 8.18%
- ALL TIME*
- 14.52%
BND
- 1D
- -0.25%
- 1M
- -0.57%
- 6M
- -0.09%
- YTD
- 0.08%
- 1Y
- 3.77%
- 3Y*
- 3.82%
- 5Y*
- -0.23%
- 10Y*
- 1.43%
- ALL TIME*
- 3.03%
NVO vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | 0.91% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
BND Vanguard Total Bond Market ETF | 0.08% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between NVO and BND is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.03 |
The correlation between NVO and BND shifts across timeframes, from -0.03 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NVO vs. BND — Risk / Return Rank
NVO
BND
NVO vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and Vanguard Total Bond Market ETF (BND). 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.
| NVO | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.18 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.41 | -1.81 |
| Martin ratioReturn relative to average drawdown | -0.61 | 3.81 | -4.42 |
Loading charts...
Drawdowns
NVO vs. BND - Drawdown Comparison
The maximum NVO drawdown since its inception was -74.70%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for NVO and BND.
Loading charts...
Drawdown Indicators
| NVO | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.70% | -18.58% | -56.12% |
Max Drawdown (1Y)Largest decline over 1 year | -49.17% | -2.68% | -46.49% |
Max Drawdown (3Y)Largest decline over 3 years | -74.70% | -5.59% | -69.11% |
Max Drawdown (5Y)Largest decline over 5 years | -74.70% | -17.91% | -56.79% |
Max Drawdown (10Y)Largest decline over 10 years | -74.70% | -18.58% | -56.12% |
Current DrawdownCurrent decline from peak | -63.95% | -2.55% | -61.40% |
Average DrawdownAverage peak-to-trough decline | -17.89% | -3.06% | -14.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.75% | 0.99% | +30.76% |
Volatility
NVO vs. BND - Volatility Comparison
Novo Nordisk A/S (NVO) has a higher volatility of 9.48% compared to Vanguard Total Bond Market ETF (BND) at 1.08%. This indicates that NVO's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NVO | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 1.08% | +8.40% |
Volatility (6M)Calculated over the trailing 6-month period | 37.43% | 2.87% | +34.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.79% | 3.72% | +48.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.58% | 6.03% | +32.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.63% | 5.53% | +27.10% |
Dividends
NVO vs. BND - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 3.63%, less than BND's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 4.00% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
NVO Novo Nordisk A/S | 3.63% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Frequently Asked Questions
NVO and BND have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (9.48%) compared to BND (1.08%). In terms of maximum drawdown, NVO dropped -74.70% vs BND's -18.58%.
BND currently has the higher Sharpe Ratio (1.02 vs -0.37), 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.
Find the right allocation for NVO and BND
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer