NVO vs. FLIN
NVO (Novo Nordisk A/S) is a stock, while FLIN (Franklin FTSE India ETF) is Asia Pacific Equities fund tracking the FTSE India RIC Capped Index. Over the past 5 years, NVO returned 2.92%/yr vs 3.89%/yr for FLIN. At a 0.23 correlation, their price movements are largely independent.
Performance
NVO vs. FLIN - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with NVO having a -10.74% return and FLIN slightly higher at -10.29%.
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%
FLIN
- 1D
- 1.11%
- 1M
- -0.40%
- YTD
- -10.29%
- 6M
- -8.41%
- 1Y
- -10.13%
- 3Y*
- 5.77%
- 5Y*
- 3.89%
- 10Y*
- —
NVO vs. FLIN - 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% | -6.51% |
FLIN Franklin FTSE India ETF | -10.29% | 2.40% | 10.33% | 20.58% | -7.96% | 24.96% | 14.50% | 4.77% | -7.13% |
Correlation
The correlation between NVO and FLIN 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 | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2018 | 0.23 |
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Return for Risk
NVO vs. FLIN — Risk / Return Rank
NVO
FLIN
NVO vs. FLIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and Franklin FTSE India ETF (FLIN). 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 | FLIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.88 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.61 | -0.19 |
| Martin ratioReturn relative to average drawdown | -1.18 | -1.44 | +0.26 |
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Drawdowns
NVO vs. FLIN - Drawdown Comparison
The maximum NVO drawdown since its inception was -74.70%, which is greater than FLIN's maximum drawdown of -41.90%. Use the drawdown chart below to compare losses from any high point for NVO and FLIN.
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Drawdown Indicators
| NVO | FLIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.70% | -41.90% | -32.80% |
Max Drawdown (1Y)Largest decline over 1 year | -54.34% | -18.79% | -35.55% |
Max Drawdown (3Y)Largest decline over 3 years | -74.70% | -22.85% | -51.85% |
Max Drawdown (5Y)Largest decline over 5 years | -74.70% | -22.85% | -51.85% |
Max Drawdown (10Y)Largest decline over 10 years | -74.70% | — | — |
Current DrawdownCurrent decline from peak | -68.11% | -17.41% | -50.70% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -8.04% | -9.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.62% | 7.93% | +29.69% |
Volatility
NVO vs. FLIN - Volatility Comparison
Novo Nordisk A/S (NVO) has a higher volatility of 10.68% compared to Franklin FTSE India ETF (FLIN) at 4.11%. This indicates that NVO's price experiences larger fluctuations and is considered to be riskier than FLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVO | FLIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 4.11% | +6.57% |
Volatility (6M)Calculated over the trailing 6-month period | 38.04% | 12.89% | +25.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.88% | 15.03% | +36.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.33% | 15.76% | +22.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.56% | 20.43% | +12.13% |
Dividends
NVO vs. FLIN - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 4.11%, more than FLIN's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLIN Franklin FTSE India ETF | 0.62% | 0.56% | 1.58% | 0.73% | 0.73% | 2.26% | 0.68% | 0.90% | 0.92% | 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 FLIN 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.
NVO has higher volatility (10.68%) compared to FLIN (4.11%). In terms of maximum drawdown, NVO dropped -74.70% vs FLIN's -41.90%.
FLIN currently has the higher Sharpe Ratio (-0.76 vs -0.84), 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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