NVO vs. HNSS.L
NVO (Novo Nordisk A/S) is a stock, while HNSS.L (HSBC Nasdaq Global Semiconductor UCITS ETF) is Semiconductors fund tracking the Nasdaq Global Semiconductor Index. Over the past 3 years, NVO returned -15.59%/yr vs 57.21%/yr for HNSS.L. At a 0.19 correlation, their price movements are largely independent.
Performance
NVO vs. HNSS.L - Performance Comparison
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Different Trading Currencies
NVO is traded in USD, while HNSS.L is traded in GBP. To make them comparable, the HNSS.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 lower than HNSS.L's 83.82% 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%
HNSS.L
- 1D
- 0.00%
- 1M
- 5.13%
- YTD
- 83.82%
- 6M
- 88.94%
- 1Y
- 170.38%
- 3Y*
- 57.21%
- 5Y*
- —
- 10Y*
- —
NVO vs. HNSS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NVO Novo Nordisk A/S | -10.74% | -39.22% | -15.93% | 54.84% | 43.94% |
HNSS.L HSBC Nasdaq Global Semiconductor UCITS ETF | 83.82% | 56.48% | 17.97% | 39.90% | -33.45% |
Correlation
The correlation between NVO and HNSS.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022 | 0.19 |
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Return for Risk
NVO vs. HNSS.L — Risk / Return Rank
NVO
HNSS.L
NVO vs. HNSS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.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 | HNSS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.87 | ||
| Sortino ratioReturn per unit of downside risk | -4.68 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.61 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 5.37 | -6.17 |
| Martin ratioReturn relative to average drawdown | -1.18 | 14.49 | -15.67 |
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Drawdowns
NVO vs. HNSS.L - Drawdown Comparison
The maximum NVO drawdown since its inception was -74.70%, which is greater than HNSS.L's maximum drawdown of -51.82%. Use the drawdown chart below to compare losses from any high point for NVO and HNSS.L.
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Drawdown Indicators
| NVO | HNSS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.70% | -51.82% | -22.88% |
Max Drawdown (1Y)Largest decline over 1 year | -54.34% | -30.87% | -23.47% |
Max Drawdown (3Y)Largest decline over 3 years | -74.70% | -37.48% | -37.22% |
Max Drawdown (5Y)Largest decline over 5 years | -74.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -74.70% | — | — |
Current DrawdownCurrent decline from peak | -68.11% | -6.42% | -61.69% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -19.16% | +1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.62% | 11.43% | +26.19% |
Volatility
NVO vs. HNSS.L - Volatility Comparison
The current volatility for Novo Nordisk A/S (NVO) is 10.68%, while HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) has a volatility of 14.15%. This indicates that NVO experiences smaller price fluctuations and is considered to be less risky than HNSS.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 | HNSS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 14.15% | -3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 38.04% | 27.54% | +10.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.88% | 54.65% | -2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.33% | 40.49% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.56% | 40.49% | -7.93% |
Dividends
NVO vs. HNSS.L - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 4.11%, while HNSS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HNSS.L HSBC Nasdaq Global Semiconductor 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 HNSS.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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