NVO vs. VYM
Compare and contrast key facts about Novo Nordisk A/S (NVO) and Vanguard High Dividend Yield ETF (VYM).
VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVO or VYM.
Correlation
The correlation between NVO and VYM is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NVO vs. VYM - Performance Comparison
Key characteristics
NVO:
-1.13
VYM:
0.59
NVO:
-1.60
VYM:
0.98
NVO:
0.79
VYM:
1.14
NVO:
-0.79
VYM:
0.69
NVO:
-1.49
VYM:
2.73
NVO:
31.49%
VYM:
3.66%
NVO:
42.36%
VYM:
15.86%
NVO:
-71.29%
VYM:
-56.98%
NVO:
-54.98%
VYM:
-6.19%
Returns By Period
In the year-to-date period, NVO achieves a -23.40% return, which is significantly lower than VYM's -0.70% return. Over the past 10 years, NVO has outperformed VYM with an annualized return of 10.95%, while VYM has yielded a comparatively lower 9.48% annualized return.
NVO
-23.40%
5.28%
-38.78%
-47.79%
17.60%
10.95%
VYM
-0.70%
9.66%
-3.12%
9.31%
13.78%
9.48%
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Risk-Adjusted Performance
NVO vs. VYM — Risk-Adjusted Performance Rank
NVO
VYM
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.
Dividends
NVO vs. VYM - Dividend Comparison
NVO's dividend yield for the trailing twelve months is around 2.49%, less than VYM's 2.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | 2.49% | 1.68% | 1.00% | 1.20% | 1.34% | 1.86% | 2.14% | 2.47% | 2.12% | 3.93% | 1.31% | 1.96% |
VYM Vanguard High Dividend Yield ETF | 2.93% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% |
Drawdowns
NVO vs. VYM - Drawdown Comparison
The maximum NVO drawdown since its inception was -71.29%, which is greater than VYM's maximum 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.
Volatility
NVO vs. VYM - Volatility Comparison
Novo Nordisk A/S (NVO) has a higher volatility of 17.28% compared to Vanguard High Dividend Yield ETF (VYM) at 8.39%. 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.