TGLS vs. NVO
TGLS (Tecnoglass Inc.) and NVO (Novo Nordisk A/S) are both stocks. TGLS operates in Building Materials (Basic Materials), while NVO operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, TGLS returned 18.54%/yr vs 8.18%/yr for NVO. At a 0.09 correlation, their price movements are largely independent.
Performance
TGLS vs. NVO - Performance Comparison
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Returns By Period
In the year-to-date period, TGLS achieves a -7.75% return, which is significantly lower than NVO's 0.91% return. Over the past 10 years, TGLS has outperformed NVO with an annualized return of 18.54%, while NVO has yielded a comparatively lower 8.18% annualized return.
TGLS
- 1D
- -0.80%
- 1M
- 0.63%
- 6M
- -13.57%
- YTD
- -7.75%
- 1Y
- -37.71%
- 3Y*
- -0.15%
- 5Y*
- 20.75%
- 10Y*
- 18.54%
- ALL TIME*
- 13.60%
NVO
- 1D
- -1.41%
- 1M
- 14.86%
- 6M
- -17.63%
- YTD
- 0.91%
- 1Y
- -19.26%
- 3Y*
- -13.51%
- 5Y*
- 4.43%
- 10Y*
- 8.18%
- ALL TIME*
- 14.52%
TGLS vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGLS Tecnoglass Inc. | -7.75% | -35.98% | 74.88% | 49.86% | 18.91% | 281.83% | -14.53% | 10.03% | 15.12% | -36.04% |
NVO Novo Nordisk A/S | 0.91% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
Correlation
The correlation between TGLS and NVO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 10, 2012 | 0.09 |
Fundamentals
TGLS:
$2.05B
NVO:
$220.46B
TGLS:
$3.26
NVO:
DKK 27.42
TGLS:
14.16
NVO:
11.83
TGLS:
0.42
NVO:
0.51
TGLS:
2.09
NVO:
4.40
TGLS:
2.80
NVO:
7.11
TGLS:
$1.01B
NVO:
DKK 327.80B
TGLS:
$419.72M
NVO:
DKK 268.30B
TGLS:
$251.16M
NVO:
DKK 181.54B
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Return for Risk
TGLS vs. NVO — Risk / Return Rank
TGLS
NVO
TGLS vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tecnoglass Inc. (TGLS) 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.
| TGLS | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.97 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.39 | -0.31 |
| Martin ratioReturn relative to average drawdown | -1.00 | -0.61 | -0.39 |
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Drawdowns
TGLS vs. NVO - Drawdown Comparison
The maximum TGLS drawdown since its inception was -81.32%, which is greater than NVO's maximum drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for TGLS and NVO.
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Drawdown Indicators
| TGLS | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.32% | -74.70% | -6.62% |
Max Drawdown (1Y)Largest decline over 1 year | -53.83% | -49.17% | -4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -56.55% | -74.70% | +18.15% |
Max Drawdown (5Y)Largest decline over 5 years | -56.55% | -74.70% | +18.15% |
Max Drawdown (10Y)Largest decline over 10 years | -77.98% | -74.70% | -3.28% |
Current DrawdownCurrent decline from peak | -47.13% | -63.95% | +16.82% |
Average DrawdownAverage peak-to-trough decline | -23.19% | -17.89% | -5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.79% | 31.75% | +6.04% |
Volatility
TGLS vs. NVO - Volatility Comparison
Tecnoglass Inc. (TGLS) has a higher volatility of 10.00% compared to Novo Nordisk A/S (NVO) at 9.48%. This indicates that TGLS'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
| TGLS | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.00% | 9.48% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 29.12% | 37.43% | -8.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.70% | 51.79% | -12.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.17% | 38.58% | +14.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.29% | 32.63% | +21.66% |
Dividends
TGLS vs. NVO - Dividend Comparison
TGLS's dividend yield for the trailing twelve months is around 1.30%, less than NVO's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | 3.63% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
TGLS Tecnoglass Inc. | 1.30% | 1.19% | 0.61% | 0.79% | 0.91% | 0.56% | 1.59% | 6.79% | 5.20% | 7.21% | 2.04% | 0.00% |
Financials
TGLS vs. NVO - Financials Comparison
This section allows you to compare key financial metrics between Tecnoglass Inc. 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
TGLS vs. NVO - Profitability Comparison
TGLS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Tecnoglass Inc. reported a gross profit of 95.83M and revenue of 249.01M. Therefore, the gross margin over that period was 38.5%.
NVO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
TGLS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Tecnoglass Inc. reported an operating income of 44.94M and revenue of 249.01M, resulting in an operating margin of 18.1%.
NVO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
TGLS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Tecnoglass Inc. reported a net income of 31.89M and revenue of 249.01M, resulting in a net margin of 12.8%.
NVO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
TGLS and NVO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGLS has higher volatility (10.00%) compared to NVO (9.48%). In terms of maximum drawdown, TGLS dropped -81.32% vs NVO's -74.70%.
NVO currently has the higher Sharpe Ratio (-0.37 vs -0.95), 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.
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