NVO vs. ESP0.DE
NVO (Novo Nordisk A/S) is a stock, while ESP0.DE (VanEck Video Gaming and eSports UCITS ETF) is Technology Equities fund tracking the MarketVector Global Video Gaming and eSports ESG. Over the past 5 years, NVO returned 2.92%/yr vs 5.81%/yr for ESP0.DE. At a 0.21 correlation, their price movements are largely independent.
Performance
NVO vs. ESP0.DE - Performance Comparison
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Different Trading Currencies
NVO is traded in USD, while ESP0.DE is traded in EUR. To make them comparable, the ESP0.DE 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 ESP0.DE's -15.66% return.
NVO
- 1D
- -0.18%
- 1M
- -4.19%
- YTD
- -10.74%
- 6M
- -9.50%
- 1Y
- -42.47%
- 3Y*
- -15.59%
- 5Y*
- 2.92%
- 10Y*
- 7.56%
ESP0.DE
- 1D
- 0.69%
- 1M
- -2.95%
- YTD
- -15.66%
- 6M
- -16.04%
- 1Y
- -13.74%
- 3Y*
- 17.41%
- 5Y*
- 5.81%
- 10Y*
- —
NVO vs. ESP0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | -10.74% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 14.86% |
ESP0.DE VanEck Video Gaming and eSports UCITS ETF | -15.66% | 27.88% | 48.77% | 32.91% | -34.03% | -2.24% | 81.89% | 1.98% |
Correlation
The correlation between NVO and ESP0.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2019 | 0.22 |
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Return for Risk
NVO vs. ESP0.DE — Risk / Return Rank
NVO
ESP0.DE
NVO vs. ESP0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and VanEck Video Gaming and eSports UCITS ETF (ESP0.DE). 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 | ESP0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.89 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.50 | -0.30 |
| Martin ratioReturn relative to average drawdown | -1.18 | -0.87 | -0.31 |
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Drawdowns
NVO vs. ESP0.DE - Drawdown Comparison
The maximum NVO drawdown since its inception was -74.70%, which is greater than ESP0.DE's maximum drawdown of -50.73%. Use the drawdown chart below to compare losses from any high point for NVO and ESP0.DE.
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Drawdown Indicators
| NVO | ESP0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.70% | -50.73% | -23.97% |
Max Drawdown (1Y)Largest decline over 1 year | -54.34% | -27.43% | -26.91% |
Max Drawdown (3Y)Largest decline over 3 years | -74.70% | -27.43% | -47.27% |
Max Drawdown (5Y)Largest decline over 5 years | -74.70% | -47.43% | -27.27% |
Max Drawdown (10Y)Largest decline over 10 years | -74.70% | — | — |
Current DrawdownCurrent decline from peak | -68.11% | -26.92% | -41.19% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -16.86% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.62% | 15.76% | +21.86% |
Volatility
NVO vs. ESP0.DE - Volatility Comparison
Novo Nordisk A/S (NVO) has a higher volatility of 10.68% compared to VanEck Video Gaming and eSports UCITS ETF (ESP0.DE) at 4.35%. This indicates that NVO's price experiences larger fluctuations and is considered to be riskier than ESP0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVO | ESP0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 4.35% | +6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 38.04% | 13.92% | +24.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.88% | 17.86% | +34.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.33% | 24.07% | +14.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.56% | 24.75% | +7.81% |
Dividends
NVO vs. ESP0.DE - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 4.11%, while ESP0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESP0.DE VanEck Video Gaming and eSports UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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% |
Frequently Asked Questions
NVO and ESP0.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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