NVO vs. IXC
NVO (Novo Nordisk A/S) is a stock, while IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. Over the past 10 years, NVO returned 8.20%/yr vs 9.79%/yr for IXC. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
NVO vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, NVO achieves a -9.42% return, which is significantly lower than IXC's 29.15% return. Over the past 10 years, NVO has underperformed IXC with an annualized return of 8.20%, while IXC has yielded a comparatively higher 9.79% annualized return.
NVO
- 1D
- 0.56%
- 1M
- -9.60%
- 6M
- -2.34%
- YTD
- -9.42%
- 1Y
- -1.30%
- 3Y*
- -14.99%
- 5Y*
- -0.10%
- 10Y*
- 8.20%
- ALL TIME*
- 14.22%
IXC
- 1D
- -1.93%
- 1M
- 8.66%
- 6M
- 10.97%
- YTD
- 29.15%
- 1Y
- 38.58%
- 3Y*
- 15.12%
- 5Y*
- 21.10%
- 10Y*
- 9.79%
- ALL TIME*
- 8.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $59.04M | $69.94M | $60.17M | |
| $765.50M | $569.62M | $582.19M |
NVO vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | -9.42% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
IXC iShares Global Energy ETF | 29.15% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
Correlation
The correlation between NVO and IXC is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2001 | 0.24 |
The correlation between NVO and IXC shifts across timeframes, from -0.05 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NVO vs. IXC — Risk / Return Rank
NVO
IXC
NVO vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and iShares Global Energy ETF (IXC). 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 | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.32 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.52 | -2.55 |
| Martin ratioReturn relative to average drawdown | -0.05 | 7.76 | -7.82 |
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Drawdowns
NVO vs. IXC - Drawdown Comparison
The maximum NVO drawdown since its inception was -74.70%, which is greater than IXC's maximum drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for NVO and IXC.
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Drawdown Indicators
| NVO | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.70% | -67.88% | -6.82% |
Max Drawdown (1Y)Largest decline over 1 year | -43.67% | -15.36% | -28.31% |
Max Drawdown (3Y)Largest decline over 3 years | -74.70% | -19.06% | -55.64% |
Max Drawdown (5Y)Largest decline over 5 years | -74.70% | -24.93% | -49.77% |
Max Drawdown (10Y)Largest decline over 10 years | -74.70% | -64.16% | -10.54% |
Current DrawdownCurrent decline from peak | -67.64% | -7.05% | -60.59% |
Average DrawdownAverage peak-to-trough decline | -17.94% | -17.42% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.14% | 4.98% | +19.16% |
Volatility
NVO vs. IXC - Volatility Comparison
Novo Nordisk A/S (NVO) has a higher volatility of 12.94% compared to iShares Global Energy ETF (IXC) at 6.39%. This indicates that NVO's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVO | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.94% | 6.39% | +6.55% |
Volatility (6M)Calculated over the trailing 6-month period | 33.87% | 15.88% | +17.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.70% | 19.74% | +26.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.73% | 23.36% | +15.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.67% | 26.83% | +5.84% |
Dividends
NVO vs. IXC - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 4.05%, more than IXC's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXC iShares Global Energy ETF | 2.94% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
NVO Novo Nordisk A/S | 4.05% | 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 IXC have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (12.94%) compared to IXC (6.39%). In terms of maximum drawdown, NVO dropped -74.70% vs IXC's -67.88%.
IXC currently has the higher Sharpe Ratio (1.96 vs -0.03), 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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