NVO vs. RHM.DE
NVO (Novo Nordisk A/S) and RHM.DE (Rheinmetall AG) are both stocks. NVO operates in Drug Manufacturers - General (Healthcare), while RHM.DE operates in Aerospace & Defense (Industrials). Over the past 10 years, NVO returned 7.56%/yr vs 38.99%/yr for RHM.DE. At a 0.22 correlation, their price movements are largely independent.
Performance
NVO vs. RHM.DE - Performance Comparison
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Different Trading Currencies
NVO is traded in USD, while RHM.DE is traded in EUR. To make them comparable, the RHM.DE 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 higher than RHM.DE's -23.20% return. Over the past 10 years, NVO has underperformed RHM.DE with an annualized return of 7.56%, while RHM.DE has yielded a comparatively higher 38.99% annualized return.
NVO
- 1D
- -0.18%
- 1M
- -6.80%
- YTD
- -10.74%
- 6M
- -9.50%
- 1Y
- -43.34%
- 3Y*
- -15.59%
- 5Y*
- 2.92%
- 10Y*
- 7.56%
RHM.DE
- 1D
- -1.29%
- 1M
- 6.14%
- YTD
- -23.20%
- 6M
- -25.88%
- 1Y
- -30.42%
- 3Y*
- 74.89%
- 5Y*
- 70.12%
- 10Y*
- 38.99%
NVO vs. RHM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | -10.74% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
RHM.DE Rheinmetall AG | -23.20% | 188.18% | 104.13% | 61.77% | 115.57% | -9.52% | -3.88% | 32.69% | -29.51% | 92.32% |
Correlation
The correlation between NVO and RHM.DE 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 | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007 | 0.22 |
The correlation between NVO and RHM.DE shifts across timeframes, from 0.10 (5 years) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NVO vs. RHM.DE — Risk / Return Rank
NVO
RHM.DE
NVO vs. RHM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and Rheinmetall AG (RHM.DE). 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 | RHM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.91 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.70 | -0.10 |
| Martin ratioReturn relative to average drawdown | -1.18 | -1.51 | +0.33 |
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Drawdowns
NVO vs. RHM.DE - Drawdown Comparison
The maximum NVO drawdown since its inception was -74.70%, roughly equal to the maximum RHM.DE drawdown of -78.19%. Use the drawdown chart below to compare losses from any high point for NVO and RHM.DE.
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Drawdown Indicators
| NVO | RHM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.70% | -78.19% | +3.49% |
Max Drawdown (1Y)Largest decline over 1 year | -54.34% | -43.61% | -10.73% |
Max Drawdown (3Y)Largest decline over 3 years | -74.70% | -43.61% | -31.09% |
Max Drawdown (5Y)Largest decline over 5 years | -74.70% | -43.61% | -31.09% |
Max Drawdown (10Y)Largest decline over 10 years | -74.70% | -66.25% | -8.45% |
Current DrawdownCurrent decline from peak | -68.11% | -39.60% | -28.51% |
Average DrawdownAverage peak-to-trough decline | -17.79% | -23.94% | +6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.62% | 20.10% | +17.52% |
Volatility
NVO vs. RHM.DE - Volatility Comparison
The current volatility for Novo Nordisk A/S (NVO) is 10.68%, while Rheinmetall AG (RHM.DE) has a volatility of 11.77%. This indicates that NVO experiences smaller price fluctuations and is considered to be less risky than RHM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVO | RHM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 11.77% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 38.04% | 34.25% | +3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.88% | 45.54% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.33% | 42.88% | -4.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.56% | 38.75% | -6.19% |
Dividends
NVO vs. RHM.DE - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 4.11%, more than RHM.DE's 0.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RHM.DE Rheinmetall AG | 0.95% | 0.52% | 0.93% | 1.50% | 1.77% | 2.41% | 2.77% | 2.05% | 2.20% | 1.37% | 1.72% | 0.49% |
Financials
NVO vs. RHM.DE - Financials Comparison
This section allows you to compare key financial metrics between Novo Nordisk A/S and Rheinmetall AG. 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
Frequently Asked Questions
NVO and RHM.DE 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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