NVO vs. CB
NVO (Novo Nordisk A/S) and CB (Chubb Limited) are both stocks. NVO operates in Drug Manufacturers - General (Healthcare), while CB operates in Insurance - Property & Casualty (Financial Services). Over the past 10 years, NVO returned 6.20%/yr vs 11.89%/yr for CB. At a 0.17 correlation, their price movements are largely independent.
Performance
NVO vs. CB - Performance Comparison
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Returns By Period
In the year-to-date period, NVO achieves a -16.56% return, which is significantly lower than CB's 3.43% return. Over the past 10 years, NVO has underperformed CB with an annualized return of 6.20%, while CB has yielded a comparatively higher 11.89% annualized return.
NVO
- 1D
- -4.52%
- 1M
- -10.96%
- YTD
- -16.56%
- 6M
- -9.23%
- 1Y
- -42.47%
- 3Y*
- -17.53%
- 5Y*
- 1.78%
- 10Y*
- 6.20%
CB
- 1D
- -1.35%
- 1M
- 0.70%
- YTD
- 3.43%
- 6M
- 8.96%
- 1Y
- 10.97%
- 3Y*
- 20.64%
- 5Y*
- 15.72%
- 10Y*
- 11.89%
NVO vs. CB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | -16.56% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
CB Chubb Limited | 3.43% | 14.46% | 23.89% | 4.20% | 15.97% | 27.85% | 1.41% | 22.94% | -9.63% | 12.82% |
Correlation
The correlation between NVO and CB is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 1993 | 0.17 |
The correlation between NVO and CB shifts across timeframes, from -0.06 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NVO:
$182.49B
CB:
$127.01B
NVO:
$27.42
CB:
$28.35
NVO:
1.50
CB:
11.35
NVO:
0.06
CB:
0.79
NVO:
0.56
CB:
2.67
NVO:
0.90
CB:
1.59
NVO:
$327.80B
CB:
$48.15B
NVO:
$268.30B
CB:
$17.01B
NVO:
$181.54B
CB:
$12.22B
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Return for Risk
NVO vs. CB — Risk / Return Rank
NVO
CB
NVO vs. CB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and Chubb Limited (CB). 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.
| NVO | CB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.12 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.18 | -1.95 |
| Martin ratioReturn relative to average drawdown | -1.14 | 2.70 | -3.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVO | CB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.82 | 0.62 | -1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.78 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.50 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.40 | +0.07 |
Drawdowns
NVO vs. CB - Drawdown Comparison
The maximum NVO drawdown since its inception was -74.70%, which is greater than CB's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for NVO and CB.
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Drawdown Indicators
| NVO | CB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.70% | -50.99% | -23.71% |
Max Drawdown (1Y)Largest decline over 1 year | -55.03% | -9.36% | -45.67% |
Max Drawdown (3Y)Largest decline over 3 years | -74.70% | -14.35% | -60.35% |
Max Drawdown (5Y)Largest decline over 5 years | -74.70% | -19.26% | -55.44% |
Max Drawdown (10Y)Largest decline over 10 years | -74.70% | -42.59% | -32.11% |
Current DrawdownCurrent decline from peak | -70.19% | -5.81% | -64.38% |
Average DrawdownAverage peak-to-trough decline | -17.77% | -10.68% | -7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.21% | 4.52% | +32.69% |
Volatility
NVO vs. CB - Volatility Comparison
Novo Nordisk A/S (NVO) has a higher volatility of 9.75% compared to Chubb Limited (CB) at 6.11%. This indicates that NVO's price experiences larger fluctuations and is considered to be riskier than CB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVO | CB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.75% | 6.11% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 38.30% | 13.14% | +25.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.08% | 17.69% | +34.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.31% | 20.34% | +17.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.56% | 23.69% | +8.87% |
Dividends
NVO vs. CB - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 4.39%, more than CB's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CB Chubb Limited | 1.21% | 1.22% | 1.30% | 1.51% | 1.49% | 1.65% | 2.01% | 1.91% | 2.24% | 1.93% | 2.07% | 4.23% |
NVO Novo Nordisk A/S | 4.39% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Financials
NVO vs. CB - Financials Comparison
This section allows you to compare key financial metrics between Novo Nordisk A/S and Chubb Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
NVO and CB have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (9.75%) compared to CB (6.11%). In terms of maximum drawdown, NVO dropped -74.70% vs CB's -50.99%.
CB currently has the higher Sharpe Ratio (0.62 vs -0.82), 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.
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