REAX vs. NVO

Last updated Jun 3, 2026

REAX (Real Brokerage Inc) and NVO (Novo Nordisk A/S) are both stocks. REAX operates in Real Estate - Services (Real Estate), while NVO operates in Biotechnology (Healthcare). Over the past 3 years, REAX returned 10.64%/yr vs -16.12%/yr for NVO. At a 0.13 correlation, their price movements are largely independent.

Performance

REAX vs. NVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Real Brokerage Inc (REAX) and Novo Nordisk A/S (NVO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REAX achieves a -52.88% return, which is significantly lower than NVO's -12.70% return.

REAX

• 1D: -5.49%
• 1M: -19.25%
• YTD: -52.88%
• 6M: -54.50%
• 1Y: -59.72%
• 3Y*: 10.64%
• 5Y*: —
• 10Y*: —

NVO

• 1D: -2.61%
• 1M: -2.19%
• YTD: -12.70%
• 6M: -6.35%
• 1Y: -38.32%
• 3Y*: -16.12%
• 5Y*: 3.67%
• 10Y*: 6.45%

*Multi-year figures are annualized to reflect compound growth (CAGR)

REAX vs. NVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
REAX Real Brokerage Inc	-52.88%	-20.65%	187.50%	52.38%	-71.54%	-63.10%
NVO Novo Nordisk A/S	-12.70%	-39.22%	-15.93%	54.84%	22.66%	33.16%

Correlation

The correlation between REAX and NVO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jun 16, 2021	0.13

Fundamentals

Market Cap REAX : $384.74M NVO : $190.94B
EPS REAX : -$0.03 NVO : $27.42
PS Ratio REAX : 0.19 NVO : 0.58
PB Ratio REAX : 5.86 NVO : 0.94
Total Revenue (TTM) REAX : $2.08B NVO : $327.80B
Gross Profit (TTM) REAX : $173.33M NVO : $268.30B
EBITDA (TTM) REAX : -$4.17M NVO : $181.54B

Return for Risk

REAX vs. NVO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

REAX

REAX Risk / Return Rank: 5
REAX Sharpe Ratio Rank: 4
REAX Sortino Ratio Rank: 4
REAX Omega Ratio Rank: 5
REAX Calmar Ratio Rank: 8
REAX Martin Ratio Rank: 4

NVO

NVO Risk / Return Rank: 14
NVO Sharpe Ratio Rank: 10
NVO Sortino Ratio Rank: 13
NVO Omega Ratio Rank: 11
NVO Calmar Ratio Rank: 15
NVO Martin Ratio Rank: 20

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.

REAX vs. NVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Real Brokerage Inc (REAX) 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.

	REAX	NVO	Difference
Sharpe ratio Return per unit of total volatility	-1.05	-0.74	-0.31
Sortino ratio Return per unit of downside risk	-1.68	-0.85	-0.83
Omega ratio Gain probability vs. loss probability	0.80	0.88	-0.08
Calmar ratio Return relative to maximum drawdown	-0.85	-0.68	-0.18
Martin ratio Return relative to average drawdown	-1.60	-1.01	-0.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REAX vs. NVO - Sharpe Ratio Comparison

The current REAX Sharpe Ratio is -1.05, which is lower than the NVO Sharpe Ratio of -0.74. The chart below compares the historical Sharpe Ratios of REAX and NVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	REAX	NVO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.05	-0.74	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.20	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	0.47	-0.89

Drawdowns

REAX vs. NVO - Drawdown Comparison

The maximum REAX drawdown since its inception was -89.60%, which is greater than NVO's maximum drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for REAX and NVO.

Drawdown Indicators

	REAX	NVO	Difference
Max Drawdown Largest peak-to-trough decline	-89.60%	-74.70%	-14.90%
Max Drawdown (1Y) Largest decline over 1 year	-68.40%	-55.03%	-13.37%
Max Drawdown (3Y) Largest decline over 3 years	-74.47%	-74.70%	+0.23%
Max Drawdown (5Y) Largest decline over 5 years	—	-74.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-74.70%	—
Current Drawdown Current decline from peak	-82.80%	-68.81%	-13.99%
Average Drawdown Average peak-to-trough decline	-69.31%	-17.75%	-51.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.51%	36.77%	-0.26%

Volatility

REAX vs. NVO - Volatility Comparison

Real Brokerage Inc (REAX) has a higher volatility of 18.25% compared to Novo Nordisk A/S (NVO) at 7.70%. This indicates that REAX'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.

Volatility by Period

	REAX	NVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.25%	7.70%	+10.55%
Volatility (6M) Calculated over the trailing 6-month period	48.19%	37.81%	+10.38%
Volatility (1Y) Calculated over the trailing 1-year period	57.13%	51.76%	+5.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.23%	38.20%	+33.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.23%	32.49%	+38.74%

Dividends

REAX vs. NVO - Dividend Comparison

REAX has not paid dividends to shareholders, while NVO's dividend yield for the trailing twelve months is around 4.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVO Novo Nordisk A/S	4.20%	3.31%	1.68%	1.00%	1.20%	1.35%	1.87%	2.14%	1.45%	1.52%	2.87%	0.92%
REAX Real Brokerage Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

REAX vs. NVO - Profitability Comparison

The chart below illustrates the profitability comparison between Real Brokerage Inc and Novo Nordisk A/S over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

REAX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Real Brokerage Inc reported a gross profit of 41.58M and revenue of 465.55M. Therefore, the gross margin over that period was 8.9%.

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%.

REAX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Real Brokerage Inc reported an operating income of -3.13M and revenue of 465.55M, resulting in an operating margin of -0.7%.

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%.

REAX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Real Brokerage Inc reported a net income of -3.42M and revenue of 465.55M, resulting in a net margin of -0.7%.

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

Can I hold both REAX and NVO in my portfolio?

REAX and NVO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REAX or NVO?

REAX has higher volatility (18.25%) compared to NVO (7.70%). In terms of maximum drawdown, REAX dropped -89.60% vs NVO's -74.70%.

Which has better risk-adjusted returns?

NVO currently has the higher Sharpe Ratio (-0.74 vs -1.05), 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.