TRX-USD vs. NOVO-B.CO
TRX-USD (Tronix) is a cryptocurrency, while NOVO-B.CO (Novo Nordisk A/S) is a stock. Over the past 5 years, TRX-USD returned 34.40%/yr vs 19.41%/yr for NOVO-B.CO. At a 0.05 correlation, their price movements are largely independent.
Performance
TRX-USD vs. NOVO-B.CO - Performance Comparison
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Different Trading Currencies
TRX-USD 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, TRX-USD achieves a 11.24% return, which is significantly higher than NOVO-B.CO's -10.15% return.
TRX-USD
- 1D
- 0.23%
- 1M
- -10.66%
- YTD
- 11.24%
- 6M
- 16.57%
- 1Y
- 17.12%
- 3Y*
- 64.55%
- 5Y*
- 34.40%
- 10Y*
- —
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%
TRX-USD vs. NOVO-B.CO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRX-USD Tronix | 11.24% | 11.86% | 135.87% | 97.75% | -27.86% | 180.88% | 102.08% | -29.71% | -57.23% | 2,056.30% |
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% | 11.05% |
Correlation
The correlation between TRX-USD and NOVO-B.CO is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2017 | 0.05 |
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Return for Risk
TRX-USD vs. NOVO-B.CO — Risk / Return Rank
TRX-USD
NOVO-B.CO
TRX-USD vs. NOVO-B.CO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tronix (TRX-USD) 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.
| TRX-USD | NOVO-B.CO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.88 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | -0.79 | +1.43 |
| Martin ratioReturn relative to average drawdown | 1.14 | -1.17 | +2.31 |
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Drawdowns
TRX-USD vs. NOVO-B.CO - Drawdown Comparison
The maximum TRX-USD drawdown since its inception was -95.89%, 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 TRX-USD and NOVO-B.CO.
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Drawdown Indicators
| TRX-USD | NOVO-B.CO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.89% | -74.86% | -21.03% |
Max Drawdown (1Y)Largest decline over 1 year | -26.58% | -54.48% | +27.90% |
Max Drawdown (3Y)Largest decline over 3 years | -50.98% | -74.86% | +23.88% |
Max Drawdown (5Y)Largest decline over 5 years | -59.60% | -74.86% | +15.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.86% | — |
Current DrawdownCurrent decline from peak | -27.00% | -67.88% | +40.88% |
Average DrawdownAverage peak-to-trough decline | -62.47% | -12.38% | -50.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.82% | 36.72% | -22.90% |
Volatility
TRX-USD vs. NOVO-B.CO - Volatility Comparison
The current volatility for Tronix (TRX-USD) is 8.57%, while Novo Nordisk A/S (NOVO-B.CO) has a volatility of 12.08%. This indicates that TRX-USD 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
| TRX-USD | NOVO-B.CO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 12.08% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 17.91% | 40.71% | -22.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 55.70% | -31.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.42% | 58.93% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.20% | 45.48% | +64.72% |
Frequently Asked Questions
TRX-USD and NOVO-B.CO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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