NVO vs. IGLD
NVO (Novo Nordisk A/S) is a stock, while IGLD (FT Vest Gold Strategy Target Income ETF) is Gold fund actively managed by First Trust. Over the past 5 years, NVO returned 3.13%/yr vs 13.37%/yr for IGLD. At a 0.11 correlation, their price movements are largely independent.
Performance
NVO vs. IGLD - Performance Comparison
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Returns By Period
In the year-to-date period, NVO achieves a -12.15% return, which is significantly lower than IGLD's -3.05% return.
NVO
- 1D
- -0.76%
- 1M
- -3.94%
- YTD
- -12.15%
- 6M
- -7.05%
- 1Y
- -38.72%
- 3Y*
- -16.67%
- 5Y*
- 3.13%
- 10Y*
- 7.50%
IGLD
- 1D
- -0.50%
- 1M
- -5.65%
- YTD
- -3.05%
- 6M
- -3.19%
- 1Y
- 18.24%
- 3Y*
- 20.70%
- 5Y*
- 13.37%
- 10Y*
- —
NVO vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | -12.15% | -39.22% | -15.93% | 54.84% | 22.66% | 57.15% |
IGLD FT Vest Gold Strategy Target Income ETF | -3.05% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
Correlation
The correlation between NVO and IGLD is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2021 | 0.11 |
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Return for Risk
NVO vs. IGLD — Risk / Return Rank
NVO
IGLD
NVO vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and FT Vest Gold Strategy Target Income ETF (IGLD). 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 | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.16 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 0.84 | -1.61 |
| Martin ratioReturn relative to average drawdown | -1.20 | 2.47 | -3.67 |
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Drawdowns
NVO vs. IGLD - Drawdown Comparison
The maximum NVO drawdown since its inception was -74.70%, which is greater than IGLD's maximum drawdown of -21.90%. Use the drawdown chart below to compare losses from any high point for NVO and IGLD.
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Drawdown Indicators
| NVO | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.70% | -21.90% | -52.80% |
Max Drawdown (1Y)Largest decline over 1 year | -50.59% | -21.90% | -28.69% |
Max Drawdown (3Y)Largest decline over 3 years | -74.70% | -21.90% | -52.80% |
Max Drawdown (5Y)Largest decline over 5 years | -74.70% | -21.90% | -52.80% |
Max Drawdown (10Y)Largest decline over 10 years | -74.70% | — | — |
Current DrawdownCurrent decline from peak | -68.62% | -19.11% | -49.51% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -5.34% | -12.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.66% | 7.46% | +25.20% |
Volatility
NVO vs. IGLD - Volatility Comparison
Novo Nordisk A/S (NVO) has a higher volatility of 10.13% compared to FT Vest Gold Strategy Target Income ETF (IGLD) at 8.12%. This indicates that NVO's price experiences larger fluctuations and is considered to be riskier than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVO | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.13% | 8.12% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 37.86% | 22.26% | +15.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.56% | 24.31% | +27.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.34% | 15.45% | +22.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 15.28% | +17.25% |
Dividends
NVO vs. IGLD - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 4.17%, less than IGLD's 18.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLD FT Vest Gold Strategy Target Income ETF | 18.79% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVO Novo Nordisk A/S | 4.17% | 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 IGLD have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (10.13%) compared to IGLD (8.12%). In terms of maximum drawdown, NVO dropped -74.70% vs IGLD's -21.90%.
IGLD currently has the higher Sharpe Ratio (0.76 vs -0.76), 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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