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NVO vs. EXX1.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NVO vs. EXX1.DE

Last updated Jun 13, 2026

NVO (Novo Nordisk A/S) is a stock, while EXX1.DE (iShares EURO STOXX Banks 30-15 UCITS ETF (DE)) is Financials Equities fund tracking the EURO STOXX® Banks 30-15. Over the past 10 years, NVO returned 7.56%/yr vs 16.95%/yr for EXX1.DE. At a 0.22 correlation, their price movements are largely independent.

Performance

NVO vs. EXX1.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Novo Nordisk A/S (NVO) and iShares EURO STOXX Banks 30-15 UCITS ETF (DE) (EXX1.DE). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

NVO is traded in USD, while EXX1.DE is traded in EUR. To make them comparable, the EXX1.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 lower than EXX1.DE's 6.56% return. Over the past 10 years, NVO has underperformed EXX1.DE with an annualized return of 7.56%, while EXX1.DE has yielded a comparatively higher 16.95% annualized return.

NVO

1D
-0.18%
1M
-1.92%
YTD
-10.74%
6M
-9.50%
1Y
-42.47%
3Y*
-15.59%
5Y*
2.92%
10Y*
7.56%

EXX1.DE

1D
4.22%
1M
6.91%
YTD
6.56%
6M
11.46%
1Y
46.51%
3Y*
49.38%
5Y*
28.64%
10Y*
16.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NVO vs. EXX1.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
NVO
Novo Nordisk A/S		-10.74%-39.22%-15.93%54.84%22.66%63.52%23.33%28.70%-12.98%52.92%
EXX1.DE
iShares EURO STOXX Banks 30-15 UCITS ETF (DE)		6.56%115.28%22.70%34.16%-4.85%28.61%-15.92%15.54%-34.34%31.06%

Correlation

The correlation between NVO and EXX1.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.16

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (10Y)
Calculated over the trailing 10-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Jun 4, 2007

0.22

The correlation between NVO and EXX1.DE shifts across timeframes, from 0.12 (10 years) to 0.27 (1 year), reflecting how their relationship changes across market environments.

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Novo Nordisk A/S

iShares EURO STOXX Banks 30-15 UCITS ETF (DE)

Often compared with NVO:
NVO vs. LLYNVO vs. NOV.DENVO vs. NVSNVO vs. MRKNVO vs. XLVNVO vs. AZNNVO vs. LLY.DE
Often compared with EXX1.DE:
EXX1.DE vs. LYBK.DEEXX1.DE vs. LHTC.DEEXX1.DE vs. PR1C.DEEXX1.DE vs. BNKE.LEXX1.DE vs. EXV1.DEEXX1.DE vs. SC0U.DEEXX1.DE vs. FNDE

Return for Risk

NVO vs. EXX1.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NVO
NVO Risk / Return Rank: 1212
Overall Rank
NVO Sharpe Ratio Rank: 99
Sharpe Ratio Rank
NVO Sortino Ratio Rank: 1212
Sortino Ratio Rank
NVO Omega Ratio Rank: 1010
Omega Ratio Rank
NVO Calmar Ratio Rank: 1212
Calmar Ratio Rank
NVO Martin Ratio Rank: 1616
Martin Ratio Rank
EXX1.DE
EXX1.DE Risk / Return Rank: 5959
Overall Rank
EXX1.DE Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
EXX1.DE Sortino Ratio Rank: 6464
Sortino Ratio Rank
EXX1.DE Omega Ratio Rank: 5757
Omega Ratio Rank
EXX1.DE Calmar Ratio Rank: 5959
Calmar Ratio Rank
EXX1.DE Martin Ratio Rank: 5454
Martin Ratio Rank
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.

NVO vs. EXX1.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and iShares EURO STOXX Banks 30-15 UCITS ETF (DE) (EXX1.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.

NVOEXX1.DEDifference
Sharpe ratioReturn per unit of total volatility
-0.84
1.72

-2.56

Sortino ratioReturn per unit of downside risk
-1.05
2.42

-3.47

Omega ratioGain probability vs. loss probability

0.85

1.29

-0.44

Calmar ratioReturn relative to maximum drawdown

-0.80

2.34

-3.14

Martin ratioReturn relative to average drawdown

-1.18

7.22

-8.40

NVO vs. EXX1.DE - Sharpe Ratio Comparison

The current NVO Sharpe Ratio is -0.84, which is lower than the EXX1.DE Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of NVO and EXX1.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NVO vs. EXX1.DE - Drawdown Comparison

The maximum NVO drawdown since its inception was -74.70%, smaller than the maximum EXX1.DE drawdown of -86.79%. Use the drawdown chart below to compare losses from any high point for NVO and EXX1.DE.

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Drawdown Indicators

NVOEXX1.DEDifference

Max Drawdown

Largest peak-to-trough decline

-74.70%

-86.79%

+12.09%

Max Drawdown (1Y)

Largest decline over 1 year

-54.34%

-18.69%

-35.65%

Max Drawdown (3Y)

Largest decline over 3 years

-74.70%

-20.12%

-54.58%

Max Drawdown (5Y)

Largest decline over 5 years

-74.70%

-42.35%

-32.35%

Max Drawdown (10Y)

Largest decline over 10 years

-74.70%

-67.18%

-7.52%

Current Drawdown

Current decline from peak

-68.11%

-1.13%

-66.98%

Average Drawdown

Average peak-to-trough decline

-17.79%

-60.54%

+42.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

37.62%

6.07%

+31.55%

Volatility

NVO vs. EXX1.DE - Volatility Comparison

Novo Nordisk A/S (NVO) has a higher volatility of 10.68% compared to iShares EURO STOXX Banks 30-15 UCITS ETF (DE) (EXX1.DE) at 7.38%. This indicates that NVO's price experiences larger fluctuations and is considered to be riskier than EXX1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NVOEXX1.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.68%

7.38%

+3.30%

Volatility (6M)

Calculated over the trailing 6-month period

38.04%

20.82%

+17.22%

Volatility (1Y)

Calculated over the trailing 1-year period

51.88%

25.39%

+26.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

38.33%

28.14%

+10.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.56%

30.25%

+2.31%

Dividends

NVO vs. EXX1.DE - Dividend Comparison

NVO's dividend yield for the trailing twelve months is around 4.11%, more than EXX1.DE's 3.50% yield.

PositionTTM20252024202320222021202020192018201720162015
EXX1.DE
iShares EURO STOXX Banks 30-15 UCITS ETF (DE)		3.50%3.40%5.16%4.44%7.03%0.75%1.20%4.32%4.44%7.30%3.48%2.67%
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 EXX1.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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