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NVO vs. VYM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


NVOVYM
YTD Return28.91%5.77%
1Y Return67.47%18.76%
3Y Return (Ann)51.42%6.45%
5Y Return (Ann)43.08%10.78%
10Y Return (Ann)21.91%9.40%
Sharpe Ratio2.011.75
Daily Std Dev32.01%10.47%
Max Drawdown-51.38%-56.98%
Current Drawdown-2.47%-3.37%

Correlation

-0.50.00.51.00.4

The correlation between NVO and VYM is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

NVO vs. VYM - Performance Comparison

In the year-to-date period, NVO achieves a 28.91% return, which is significantly higher than VYM's 5.77% return. Over the past 10 years, NVO has outperformed VYM with an annualized return of 21.91%, while VYM has yielded a comparatively lower 9.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%1,000.00%2,000.00%3,000.00%4,000.00%December2024FebruaryMarchAprilMay
4,303.15%
299.26%
NVO
VYM

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Novo Nordisk A/S

Vanguard High Dividend Yield ETF

Risk-Adjusted Performance

NVO vs. VYM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (NVO) and Vanguard High Dividend Yield ETF (VYM). 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.


NVO
Sharpe ratio
The chart of Sharpe ratio for NVO, currently valued at 2.01, compared to the broader market-2.00-1.000.001.002.003.004.002.01
Sortino ratio
The chart of Sortino ratio for NVO, currently valued at 3.40, compared to the broader market-4.00-2.000.002.004.006.003.40
Omega ratio
The chart of Omega ratio for NVO, currently valued at 1.39, compared to the broader market0.501.001.502.001.39
Calmar ratio
The chart of Calmar ratio for NVO, currently valued at 5.34, compared to the broader market0.002.004.006.005.34
Martin ratio
The chart of Martin ratio for NVO, currently valued at 14.92, compared to the broader market0.0010.0020.0030.0014.92
VYM
Sharpe ratio
The chart of Sharpe ratio for VYM, currently valued at 1.75, compared to the broader market-2.00-1.000.001.002.003.004.001.75
Sortino ratio
The chart of Sortino ratio for VYM, currently valued at 2.54, compared to the broader market-4.00-2.000.002.004.006.002.54
Omega ratio
The chart of Omega ratio for VYM, currently valued at 1.30, compared to the broader market0.501.001.502.001.30
Calmar ratio
The chart of Calmar ratio for VYM, currently valued at 1.84, compared to the broader market0.002.004.006.001.84
Martin ratio
The chart of Martin ratio for VYM, currently valued at 5.78, compared to the broader market0.0010.0020.0030.005.78

NVO vs. VYM - Sharpe Ratio Comparison

The current NVO Sharpe Ratio is 2.01, which roughly equals the VYM Sharpe Ratio of 1.75. The chart below compares the 12-month rolling Sharpe Ratio of NVO and VYM.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2024FebruaryMarchAprilMay
2.01
1.75
NVO
VYM

Dividends

NVO vs. VYM - Dividend Comparison

NVO's dividend yield for the trailing twelve months is around 0.56%, less than VYM's 2.91% yield.


TTM20232022202120202019201820172016201520142013
NVO
Novo Nordisk A/S
0.56%0.18%0.21%0.23%0.33%0.38%0.49%0.38%0.72%0.23%0.36%0.01%
VYM
Vanguard High Dividend Yield ETF
2.91%3.12%3.01%2.76%3.18%3.03%3.40%2.80%2.91%3.22%2.78%2.81%

Drawdowns

NVO vs. VYM - Drawdown Comparison

The maximum NVO drawdown since its inception was -51.38%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for NVO and VYM. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2024FebruaryMarchAprilMay
-2.47%
-3.37%
NVO
VYM

Volatility

NVO vs. VYM - Volatility Comparison

Novo Nordisk A/S (NVO) has a higher volatility of 7.19% compared to Vanguard High Dividend Yield ETF (VYM) at 2.95%. This indicates that NVO's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%December2024FebruaryMarchAprilMay
7.19%
2.95%
NVO
VYM