NVO vs. RS
NVO (Novo Nordisk A/S) and RS (Reliance Steel & Aluminum Co.) are both stocks. NVO operates in Drug Manufacturers - General (Healthcare), while RS operates in Steel (Basic Materials). Over the past 10 years, NVO returned 8.18%/yr vs 19.82%/yr for RS. At a 0.20 correlation, their price movements are largely independent.
Performance
NVO vs. RS - Performance Comparison
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Returns By Period
In the year-to-date period, NVO achieves a 0.91% return, which is significantly lower than RS's 33.64% return. Over the past 10 years, NVO has underperformed RS with an annualized return of 8.18%, while RS has yielded a comparatively higher 19.82% annualized return.
NVO
- 1D
- -1.41%
- 1M
- 14.86%
- 6M
- -17.63%
- YTD
- 0.91%
- 1Y
- -19.26%
- 3Y*
- -13.51%
- 5Y*
- 4.43%
- 10Y*
- 8.18%
- ALL TIME*
- 14.52%
RS
- 1D
- -3.22%
- 1M
- -3.32%
- 6M
- 19.14%
- YTD
- 33.64%
- 1Y
- 15.82%
- 3Y*
- 11.94%
- 5Y*
- 22.46%
- 10Y*
- 19.82%
- ALL TIME*
- 17.54%
NVO vs. RS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | 0.91% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
RS Reliance Steel & Aluminum Co. | 33.64% | 9.12% | -2.33% | 40.29% | 27.08% | 37.84% | 2.42% | 72.21% | -15.12% | 10.49% |
Correlation
The correlation between NVO and RS is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 1994 | 0.20 |
Fundamentals
NVO:
$220.46B
RS:
$19.56B
NVO:
DKK 27.42
RS:
$14.06
NVO:
11.83
RS:
27.26
NVO:
4.40
RS:
1.41
NVO:
DKK 327.80B
RS:
$14.29B
NVO:
DKK 268.30B
RS:
$3.90B
NVO:
DKK 181.54B
RS:
$1.30B
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Return for Risk
NVO vs. RS — Risk / Return Rank
NVO
RS
NVO vs. RS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and Reliance Steel & Aluminum Co. (RS). 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 | RS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.13 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 0.71 | -1.11 |
| Martin ratioReturn relative to average drawdown | -0.61 | 1.21 | -1.82 |
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Drawdowns
NVO vs. RS - Drawdown Comparison
The maximum NVO drawdown since its inception was -74.70%, smaller than the maximum RS drawdown of -83.80%. Use the drawdown chart below to compare losses from any high point for NVO and RS.
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Drawdown Indicators
| NVO | RS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.70% | -83.80% | +9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -49.17% | -22.30% | -26.87% |
Max Drawdown (3Y)Largest decline over 3 years | -74.70% | -22.30% | -52.40% |
Max Drawdown (5Y)Largest decline over 5 years | -74.70% | -22.32% | -52.38% |
Max Drawdown (10Y)Largest decline over 10 years | -74.70% | -40.83% | -33.87% |
Current DrawdownCurrent decline from peak | -63.95% | -7.32% | -56.63% |
Average DrawdownAverage peak-to-trough decline | -17.89% | -16.44% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.75% | 13.05% | +18.70% |
Volatility
NVO vs. RS - Volatility Comparison
Novo Nordisk A/S (NVO) has a higher volatility of 9.48% compared to Reliance Steel & Aluminum Co. (RS) at 8.46%. This indicates that NVO's price experiences larger fluctuations and is considered to be riskier than RS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVO | RS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.48% | 8.46% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 37.43% | 18.50% | +18.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.79% | 26.39% | +25.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.58% | 27.91% | +10.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.63% | 29.56% | +3.07% |
Dividends
NVO vs. RS - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 3.63%, more than RS's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | 3.63% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
RS Reliance Steel & Aluminum Co. | 1.28% | 1.66% | 1.63% | 1.43% | 1.73% | 1.70% | 2.09% | 1.84% | 2.81% | 2.10% | 2.07% | 2.76% |
Financials
NVO vs. RS - Financials Comparison
This section allows you to compare key financial metrics between Novo Nordisk A/S and Reliance Steel & Aluminum Co.. 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
NVO vs. RS - Profitability Comparison
NVO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Novo Nordisk A/S reported a gross profit of 83.23B and revenue of 96.82B. Therefore, the gross margin over that period was 86.0%.
RS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Reliance Steel & Aluminum Co. reported a gross profit of 885.40M and revenue of 3.50B. Therefore, the gross margin over that period was 25.3%.
NVO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Novo Nordisk A/S reported an operating income of 59.62B and revenue of 96.82B, resulting in an operating margin of 61.6%.
RS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Reliance Steel & Aluminum Co. reported an operating income of 176.20M and revenue of 3.50B, resulting in an operating margin of 5.0%.
NVO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Novo Nordisk A/S reported a net income of 48.56B and revenue of 96.82B, resulting in a net margin of 50.2%.
RS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Reliance Steel & Aluminum Co. reported a net income of 116.50M and revenue of 3.50B, resulting in a net margin of 3.3%.
Frequently Asked Questions
NVO and RS have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (9.48%) compared to RS (8.46%). In terms of maximum drawdown, NVO dropped -74.70% vs RS's -83.80%.
RS currently has the higher Sharpe Ratio (0.60 vs -0.37), 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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