PAF.L vs. NVO
PAF.L (Pan African Resources plc) and NVO (Novo Nordisk A/S) are both stocks. PAF.L operates in Gold (Basic Materials), while NVO operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, PAF.L returned 24.42%/yr vs 8.12%/yr for NVO. At a 0.05 correlation, their price movements are largely independent.
Performance
PAF.L vs. NVO - Performance Comparison
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Different Trading Currencies
PAF.L is traded in GBp, while NVO is traded in USD. To make them comparable, the NVO values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PAF.L achieves a -9.60% return, which is significantly higher than NVO's -10.29% return. Over the past 10 years, PAF.L has outperformed NVO with an annualized return of 24.42%, while NVO has yielded a comparatively lower 8.12% annualized return.
PAF.L
- 1D
- 5.62%
- 1M
- -26.94%
- YTD
- -9.60%
- 6M
- -1.63%
- 1Y
- 129.47%
- 3Y*
- 108.56%
- 5Y*
- 46.75%
- 10Y*
- 24.42%
NVO
- 1D
- -0.09%
- 1M
- -5.98%
- YTD
- -10.29%
- 6M
- -9.72%
- 1Y
- -42.44%
- 3Y*
- -17.29%
- 5Y*
- 3.99%
- 10Y*
- 8.12%
PAF.L vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAF.L Pan African Resources plc | -9.60% | 258.03% | 109.32% | 6.38% | 4.14% | -25.77% | 102.96% | 40.81% | -34.94% | -11.75% |
NVO Novo Nordisk A/S | -10.29% | -43.55% | -14.46% | 47.10% | 37.24% | 65.07% | 19.71% | 23.81% | -7.82% | 39.70% |
Correlation
The correlation between PAF.L and NVO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007 | 0.05 |
Fundamentals
PAF.L:
£2.21B
NVO:
$195.21B
PAF.L:
$0.29
NVO:
DKK 27.42
PAF.L:
4.95
NVO:
10.34
PAF.L:
0.01
NVO:
0.44
PAF.L:
1.51
NVO:
3.85
PAF.L:
4.29
NVO:
6.21
PAF.L:
$1.03B
NVO:
DKK 327.80B
PAF.L:
$489.97M
NVO:
DKK 268.30B
PAF.L:
$528.52M
NVO:
DKK 181.54B
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Return for Risk
PAF.L vs. NVO — Risk / Return Rank
PAF.L
NVO
PAF.L vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pan African Resources plc (PAF.L) and Novo Nordisk A/S (NVO). 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.
| PAF.L | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.72 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.85 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | -0.80 | +3.75 |
| Martin ratioReturn relative to average drawdown | 9.67 | -1.18 | +10.85 |
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Drawdowns
PAF.L vs. NVO - Drawdown Comparison
The maximum PAF.L drawdown since its inception was -80.73%, which is greater than NVO's maximum drawdown of -75.79%. Use the drawdown chart below to compare losses from any high point for PAF.L and NVO.
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Drawdown Indicators
| PAF.L | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.73% | -75.79% | -4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -44.73% | -53.28% | +8.55% |
Max Drawdown (3Y)Largest decline over 3 years | -44.73% | -75.79% | +31.06% |
Max Drawdown (5Y)Largest decline over 5 years | -47.34% | -75.79% | +28.45% |
Max Drawdown (10Y)Largest decline over 10 years | -70.68% | -75.79% | +5.11% |
Current DrawdownCurrent decline from peak | -40.36% | -69.82% | +29.46% |
Average DrawdownAverage peak-to-trough decline | -29.27% | -11.97% | -17.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.65% | 36.79% | -23.14% |
Volatility
PAF.L vs. NVO - Volatility Comparison
Pan African Resources plc (PAF.L) has a higher volatility of 21.97% compared to Novo Nordisk A/S (NVO) at 10.14%. This indicates that PAF.L's price experiences larger fluctuations and is considered to be riskier than NVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAF.L | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.97% | 10.14% | +11.83% |
Volatility (6M)Calculated over the trailing 6-month period | 44.78% | 37.12% | +7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.10% | 50.71% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.00% | 37.92% | +10.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.54% | 32.66% | +20.88% |
Dividends
PAF.L vs. NVO - Dividend Comparison
PAF.L's dividend yield for the trailing twelve months is around 2.00%, less than NVO's 4.11% 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% |
PAF.L Pan African Resources plc | 2.00% | 1.35% | 2.79% | 4.52% | 5.25% | 5.09% | 2.92% | 0.98% | 0.00% | 3.38% | 5.67% | 6.83% |
Financials
PAF.L vs. NVO - Financials Comparison
This section allows you to compare key financial metrics between Pan African Resources plc and Novo Nordisk A/S. 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
PAF.L vs. NVO - Profitability Comparison
PAF.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pan African Resources plc reported a gross profit of 264.90M and revenue of 489.40M. Therefore, the gross margin over that period was 54.1%.
NVO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
PAF.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pan African Resources plc reported an operating income of 257.33M and revenue of 489.40M, resulting in an operating margin of 52.6%.
NVO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
PAF.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pan African Resources plc reported a net income of 148.68M and revenue of 489.40M, resulting in a net margin of 30.4%.
NVO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
Frequently Asked Questions
PAF.L and NVO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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