NVO vs. ENOG.L
NVO (Novo Nordisk A/S) and ENOG.L (Energean Oil & Gas plc) are both stocks. NVO operates in Drug Manufacturers - General (Healthcare), while ENOG.L operates in Oil & Gas E&P (Energy). Over the past 5 years, NVO returned 2.92%/yr vs 4.97%/yr for ENOG.L. At a 0.04 correlation, their price movements are largely independent.
Performance
NVO vs. ENOG.L - Performance Comparison
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Different Trading Currencies
NVO is traded in USD, while ENOG.L is traded in GBp. To make them comparable, the ENOG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NVO achieves a -10.74% return, which is significantly higher than ENOG.L's -13.52% return.
NVO
- 1D
- -0.18%
- 1M
- -6.80%
- YTD
- -10.74%
- 6M
- -9.50%
- 1Y
- -43.34%
- 3Y*
- -15.59%
- 5Y*
- 2.92%
- 10Y*
- 7.56%
ENOG.L
- 1D
- -1.29%
- 1M
- -13.95%
- YTD
- -13.52%
- 6M
- -12.98%
- 1Y
- -7.45%
- 3Y*
- -2.07%
- 5Y*
- 4.97%
- 10Y*
- —
NVO vs. ENOG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | -10.74% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -7.31% |
ENOG.L Energean Oil & Gas plc | -13.52% | 0.92% | 6.58% | -6.54% | 43.05% | 17.48% | -20.08% | 53.96% | 26.43% |
Correlation
The correlation between NVO and ENOG.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2018 | 0.04 |
Fundamentals
NVO:
$195.21B
ENOG.L:
£1.37B
NVO:
DKK 27.42
ENOG.L:
-$1.94
NVO:
3.85
ENOG.L:
0.75
NVO:
6.21
ENOG.L:
12.95
NVO:
DKK 327.80B
ENOG.L:
$2.45B
NVO:
DKK 268.30B
ENOG.L:
$811.30M
NVO:
DKK 181.54B
ENOG.L:
$1.42B
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Return for Risk
NVO vs. ENOG.L — Risk / Return Rank
NVO
ENOG.L
NVO vs. ENOG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and Energean Oil & Gas plc (ENOG.L). 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 | ENOG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.98 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.31 | -0.49 |
| Martin ratioReturn relative to average drawdown | -1.18 | -0.81 | -0.37 |
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Drawdowns
NVO vs. ENOG.L - Drawdown Comparison
The maximum NVO drawdown since its inception was -74.70%, roughly equal to the maximum ENOG.L drawdown of -73.57%. Use the drawdown chart below to compare losses from any high point for NVO and ENOG.L.
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Drawdown Indicators
| NVO | ENOG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.70% | -73.57% | -1.13% |
Max Drawdown (1Y)Largest decline over 1 year | -54.34% | -24.22% | -30.12% |
Max Drawdown (3Y)Largest decline over 3 years | -74.70% | -33.29% | -41.41% |
Max Drawdown (5Y)Largest decline over 5 years | -74.70% | -40.56% | -34.14% |
Max Drawdown (10Y)Largest decline over 10 years | -74.70% | — | — |
Current DrawdownCurrent decline from peak | -68.11% | -22.80% | -45.31% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -15.77% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.62% | 9.22% | +28.40% |
Volatility
NVO vs. ENOG.L - Volatility Comparison
Novo Nordisk A/S (NVO) has a higher volatility of 10.68% compared to Energean Oil & Gas plc (ENOG.L) at 8.66%. This indicates that NVO's price experiences larger fluctuations and is considered to be riskier than ENOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVO | ENOG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 8.66% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 38.04% | 22.00% | +16.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.88% | 28.95% | +22.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.33% | 38.49% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.56% | 46.88% | -14.32% |
Dividends
NVO vs. ENOG.L - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 4.11%, less than ENOG.L's 9.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENOG.L Energean Oil & Gas plc | 9.99% | 10.16% | 7.89% | 11.49% | 4.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVO Novo Nordisk A/S | 4.11% | 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. ENOG.L - Financials Comparison
This section allows you to compare key financial metrics between Novo Nordisk A/S and Energean Oil & Gas plc. 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
NVO vs. ENOG.L - Profitability Comparison
NVO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported a gross profit of 83.23B and revenue of 96.82B. Therefore, the gross margin over that period was 86.0%.
ENOG.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Energean Oil & Gas plc reported a gross profit of 221.43M and revenue of 928.78M. Therefore, the gross margin over that period was 23.8%.
NVO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported an operating income of 59.62B and revenue of 96.82B, resulting in an operating margin of 61.6%.
ENOG.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Energean Oil & Gas plc reported an operating income of 195.15M and revenue of 928.78M, resulting in an operating margin of 21.0%.
NVO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported a net income of 48.56B and revenue of 96.82B, resulting in a net margin of 50.2%.
ENOG.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Energean Oil & Gas plc reported a net income of -369.83M and revenue of 928.78M, resulting in a net margin of -39.8%.
Frequently Asked Questions
NVO and ENOG.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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