NVO vs. GIS
NVO (Novo Nordisk A/S) and GIS (General Mills, Inc.) are both stocks. NVO operates in Drug Manufacturers - General (Healthcare), while GIS operates in Packaged Foods (Consumer Defensive). Over the past 10 years, NVO returned 8.18%/yr vs -2.58%/yr for GIS. At a 0.16 correlation, their price movements are largely independent.
Performance
NVO vs. GIS - Performance Comparison
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Returns By Period
In the year-to-date period, NVO achieves a 0.91% return, which is significantly higher than GIS's -15.22% return. Over the past 10 years, NVO has outperformed GIS with an annualized return of 8.18%, while GIS has yielded a comparatively lower -2.58% annualized return.
NVO
- 1D
- -1.41%
- 1M
- 14.86%
- 6M
- -17.63%
- YTD
- 0.91%
- 1Y
- -19.26%
- 3Y*
- -13.51%
- 5Y*
- 4.43%
- 10Y*
- 8.18%
- ALL TIME*
- 14.52%
GIS
- 1D
- -1.03%
- 1M
- 14.39%
- 6M
- -12.66%
- YTD
- -15.22%
- 1Y
- -20.32%
- 3Y*
- -17.57%
- 5Y*
- -4.99%
- 10Y*
- -2.58%
- ALL TIME*
- 9.23%
NVO vs. GIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | 0.91% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
GIS General Mills, Inc. | -15.22% | -23.75% | 1.45% | -19.97% | 28.09% | 18.53% | 13.60% | 43.13% | -31.57% | -0.65% |
Correlation
The correlation between NVO and GIS is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 1983 | 0.16 |
The correlation between NVO and GIS shifts across timeframes, from 0.05 (3 years) to 0.16 (all time), reflecting how their relationship changes across market environments.
Fundamentals
NVO:
$220.46B
GIS:
$20.06B
NVO:
DKK 27.42
GIS:
-$0.16
NVO:
4.40
GIS:
1.10
NVO:
7.11
GIS:
2.74
NVO:
DKK 327.80B
GIS:
$18.42B
NVO:
DKK 268.30B
GIS:
$6.19B
NVO:
DKK 181.54B
GIS:
$300.90M
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Return for Risk
NVO vs. GIS — Risk / Return Rank
NVO
GIS
NVO vs. GIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and General Mills, Inc. (GIS). 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 | GIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.88 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.59 | +0.20 |
| Martin ratioReturn relative to average drawdown | -0.61 | -1.14 | +0.54 |
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Drawdowns
NVO vs. GIS - Drawdown Comparison
The maximum NVO drawdown since its inception was -74.70%, which is greater than GIS's maximum drawdown of -59.63%. Use the drawdown chart below to compare losses from any high point for NVO and GIS.
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Drawdown Indicators
| NVO | GIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.70% | -59.63% | -15.07% |
Max Drawdown (1Y)Largest decline over 1 year | -49.17% | -34.48% | -14.69% |
Max Drawdown (3Y)Largest decline over 3 years | -74.70% | -53.45% | -21.25% |
Max Drawdown (5Y)Largest decline over 5 years | -74.70% | -59.63% | -15.07% |
Max Drawdown (10Y)Largest decline over 10 years | -74.70% | -59.63% | -15.07% |
Current DrawdownCurrent decline from peak | -63.95% | -52.03% | -11.92% |
Average DrawdownAverage peak-to-trough decline | -17.89% | -10.38% | -7.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.75% | 17.80% | +13.95% |
Volatility
NVO vs. GIS - Volatility Comparison
The current volatility for Novo Nordisk A/S (NVO) is 9.48%, while General Mills, Inc. (GIS) has a volatility of 12.90%. This indicates that NVO experiences smaller price fluctuations and is considered to be less risky than GIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVO | GIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 12.90% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 37.43% | 21.53% | +15.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.79% | 26.43% | +25.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.58% | 21.90% | +16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.63% | 22.42% | +10.21% |
Dividends
NVO vs. GIS - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 3.63%, less than GIS's 6.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIS General Mills, Inc. | 6.49% | 5.20% | 3.73% | 3.47% | 2.50% | 3.03% | 3.37% | 3.66% | 5.03% | 3.27% | 3.01% | 3.00% |
NVO Novo Nordisk A/S | 3.63% | 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. GIS - Financials Comparison
This section allows you to compare key financial metrics between Novo Nordisk A/S and General Mills, Inc.. 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. GIS - Profitability Comparison
NVO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
GIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, General Mills, Inc. reported a gross profit of 1.60B and revenue of 4.61B. Therefore, the gross margin over that period was 34.8%.
NVO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
GIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, General Mills, Inc. reported an operating income of -2.09B and revenue of 4.61B, resulting in an operating margin of -45.4%.
NVO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
GIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, General Mills, Inc. reported a net income of -2.01B and revenue of 4.61B, resulting in a net margin of -43.6%.
Frequently Asked Questions
NVO and GIS have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIS has higher volatility (12.90%) compared to NVO (9.48%). In terms of maximum drawdown, NVO dropped -74.70% vs GIS's -59.63%.
NVO currently has the higher Sharpe Ratio (-0.37 vs -0.77), 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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