NVO vs. MAXI
NVO (Novo Nordisk A/S) is a stock, while MAXI (Simplify Bitcoin Strategy PLUS Income ETF) is Cryptocurrency fund actively managed by Simplify. Over the past 3 years, NVO returned -16.67%/yr vs 10.98%/yr for MAXI. At a 0.15 correlation, their price movements are largely independent.
Performance
NVO vs. MAXI - Performance Comparison
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Returns By Period
In the year-to-date period, NVO achieves a -12.15% return, which is significantly higher than MAXI's -35.86% 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%
MAXI
- 1D
- -1.94%
- 1M
- -19.20%
- YTD
- -35.86%
- 6M
- -37.09%
- 1Y
- -57.63%
- 3Y*
- 10.98%
- 5Y*
- —
- 10Y*
- —
NVO vs. MAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NVO Novo Nordisk A/S | -12.15% | -39.22% | -15.93% | 54.84% | 34.81% |
MAXI Simplify Bitcoin Strategy PLUS Income ETF | -35.86% | -28.59% | 92.92% | 144.12% | -13.34% |
Correlation
The correlation between NVO and MAXI is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.15 |
The correlation between NVO and MAXI shifts across timeframes, from 0.15 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NVO vs. MAXI — Risk / Return Rank
NVO
MAXI
NVO vs. MAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and Simplify Bitcoin Strategy PLUS Income ETF (MAXI). 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 | MAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.85 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.85 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.20 | -1.30 | +0.10 |
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Drawdowns
NVO vs. MAXI - Drawdown Comparison
The maximum NVO drawdown since its inception was -74.70%, which is greater than MAXI's maximum drawdown of -68.91%. Use the drawdown chart below to compare losses from any high point for NVO and MAXI.
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Drawdown Indicators
| NVO | MAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.70% | -68.91% | -5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -50.59% | -68.91% | +18.32% |
Max Drawdown (3Y)Largest decline over 3 years | -74.70% | -68.91% | -5.79% |
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 | -68.62% | -67.49% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -17.81% | -19.30% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.66% | 44.94% | -12.28% |
Volatility
NVO vs. MAXI - Volatility Comparison
The current volatility for Novo Nordisk A/S (NVO) is 10.13%, while Simplify Bitcoin Strategy PLUS Income ETF (MAXI) has a volatility of 12.91%. This indicates that NVO experiences smaller price fluctuations and is considered to be less risky than MAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVO | MAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.13% | 12.91% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 37.86% | 44.45% | -6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.56% | 65.18% | -13.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.34% | 63.64% | -25.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 63.64% | -31.11% |
Dividends
NVO vs. MAXI - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 4.17%, less than MAXI's 68.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAXI Simplify Bitcoin Strategy PLUS Income ETF | 68.81% | 49.00% | 32.06% | 29.63% | 4.43% | 0.00% | 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 MAXI have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAXI has higher volatility (12.91%) compared to NVO (10.13%). In terms of maximum drawdown, NVO dropped -74.70% vs MAXI's -68.91%.
NVO currently has the higher Sharpe Ratio (-0.76 vs -0.90), 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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