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QQQ vs. NOVO-B.CO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQ vs. NOVO-B.CO

Last updated Jun 14, 2026

QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while NOVO-B.CO (Novo Nordisk A/S) is a stock. Over the past 10 years, QQQ returned 21.79%/yr vs 17.63%/yr for NOVO-B.CO. At a 0.23 correlation, their price movements are largely independent.

Performance

QQQ vs. NOVO-B.CO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and Novo Nordisk A/S (NOVO-B.CO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

QQQ is traded in USD, while NOVO-B.CO is traded in DKK. To make them comparable, the NOVO-B.CO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQQ achieves a 17.57% return, which is significantly higher than NOVO-B.CO's -10.15% return. Over the past 10 years, QQQ has outperformed NOVO-B.CO with an annualized return of 21.79%, while NOVO-B.CO has yielded a comparatively lower 17.63% annualized return.

QQQ

1D
0.59%
1M
0.22%
YTD
17.57%
6M
17.85%
1Y
37.55%
3Y*
26.43%
5Y*
16.85%
10Y*
21.79%

NOVO-B.CO

1D
1.53%
1M
-5.28%
YTD
-10.15%
6M
-8.95%
1Y
-41.84%
3Y*
6.83%
5Y*
19.41%
10Y*
17.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. NOVO-B.CO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQQ
Invesco QQQ ETF		17.57%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%
NOVO-B.CO
Novo Nordisk A/S		-10.15%-39.54%-15.04%214.95%23.90%65.39%27.16%32.88%-10.64%58.82%

Correlation

The correlation between QQQ and NOVO-B.CO 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

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.19

Correlation (10Y)
Calculated over the trailing 10-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Sep 7, 2007

0.23

Compare stocks, funds, or ETFs

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

Invesco QQQ ETF

Novo Nordisk A/S

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Often compared with NOVO-B.CO:
NOVO-B.CO vs. SPYNOVO-B.CO vs. LLYNOVO-B.CO vs. NOV.DENOVO-B.CO vs. SAABYNOVO-B.CO vs. LLY.DENOVO-B.CO vs. MONC.MINOVO-B.CO vs. ABT

Return for Risk

QQQ vs. NOVO-B.CO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQ
QQQ Risk / Return Rank: 7171
Overall Rank
QQQ Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7070
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7373
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7070
Martin Ratio Rank
NOVO-B.CO
NOVO-B.CO Risk / Return Rank: 1313
Overall Rank
NOVO-B.CO Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
NOVO-B.CO Sortino Ratio Rank: 1414
Sortino Ratio Rank
NOVO-B.CO Omega Ratio Rank: 1212
Omega Ratio Rank
NOVO-B.CO Calmar Ratio Rank: 1313
Calmar Ratio Rank
NOVO-B.CO Martin Ratio Rank: 1717
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQQ vs. NOVO-B.CO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and Novo Nordisk A/S (NOVO-B.CO). 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.

QQQNOVO-B.CODifference
Sharpe ratioReturn per unit of total volatility
2.09
-0.77

+2.86

Sortino ratioReturn per unit of downside risk
2.73
-0.89

+3.62

Omega ratioGain probability vs. loss probability

1.37

0.88

+0.49

Calmar ratioReturn relative to maximum drawdown

3.01

-0.79

+3.79

Martin ratioReturn relative to average drawdown

11.22

-1.17

+12.40

QQQ vs. NOVO-B.CO - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.09, which is higher than the NOVO-B.CO Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of QQQ and NOVO-B.CO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

QQQ vs. NOVO-B.CO - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than NOVO-B.CO's maximum drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for QQQ and NOVO-B.CO.

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Drawdown Indicators

QQQNOVO-B.CODifference

Max Drawdown

Largest peak-to-trough decline

-82.97%

-74.86%

-8.11%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-54.48%

+42.52%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-74.86%

+52.09%

Max Drawdown (5Y)

Largest decline over 5 years

-35.12%

-74.86%

+39.74%

Max Drawdown (10Y)

Largest decline over 10 years

-35.12%

-74.86%

+39.74%

Current Drawdown

Current decline from peak

-3.33%

-67.88%

+64.55%

Average Drawdown

Average peak-to-trough decline

-32.75%

-12.38%

-20.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

36.72%

-33.52%

Volatility

QQQ vs. NOVO-B.CO - Volatility Comparison

The current volatility for Invesco QQQ ETF (QQQ) is 7.56%, while Novo Nordisk A/S (NOVO-B.CO) has a volatility of 12.08%. This indicates that QQQ experiences smaller price fluctuations and is considered to be less risky than NOVO-B.CO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QQQNOVO-B.CODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.56%

12.08%

-4.52%

Volatility (6M)

Calculated over the trailing 6-month period

13.81%

40.71%

-26.90%

Volatility (1Y)

Calculated over the trailing 1-year period

17.19%

55.70%

-38.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.55%

58.93%

-36.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.38%

45.48%

-23.10%

Dividends

QQQ vs. NOVO-B.CO - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.39%, less than NOVO-B.CO's 4.07% yield.

PositionTTM20252024202320222021202020192018201720162015
NOVO-B.CO
Novo Nordisk A/S		4.07%3.58%1.59%1.01%2.38%2.54%4.03%4.22%5.27%4.54%7.38%2.50%
QQQ
Invesco QQQ ETF		0.39%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

QQQ and NOVO-B.CO 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.

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