TTD vs. CARL-B.CO

Last updated Jun 13, 2026

TTD (The Trade Desk, Inc.) and CARL-B.CO (Carlsberg A/S) are both stocks. TTD operates in Software - Application (Technology), while CARL-B.CO operates in Beverages - Brewers (Consumer Defensive). Over the past 5 years, TTD returned -20.31%/yr vs -3.89%/yr for CARL-B.CO. At a 0.09 correlation, their price movements are largely independent.

Performance

TTD vs. CARL-B.CO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Trade Desk, Inc. (TTD) and Carlsberg A/S (CARL-B.CO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, TTD achieves a -49.21% return, which is significantly lower than CARL-B.CO's 2.74% return.

TTD

• 1D: 2.01%
• 1M: -8.84%
• YTD: -49.21%
• 6M: -47.39%
• 1Y: -71.63%
• 3Y*: -37.11%
• 5Y*: -20.31%
• 10Y*: —

CARL-B.CO

• 1D: -1.16%
• 1M: 0.25%
• YTD: 2.74%
• 6M: 2.90%
• 1Y: -6.54%
• 3Y*: -2.45%
• 5Y*: -3.89%
• 10Y*: 6.33%

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

TTD vs. CARL-B.CO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TTD The Trade Desk, Inc.	-49.21%	-67.70%	63.33%	60.52%	-51.08%	14.41%	208.34%	123.83%	153.79%	65.27%
CARL-B.CO Carlsberg A/S	2.74%	40.69%	-21.16%	-2.77%	-20.64%	9.36%	11.41%	43.14%	-9.48%	41.27%

Correlation

The correlation between TTD and CARL-B.CO is -0.05, 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	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Sep 21, 2016	0.09

The correlation between TTD and CARL-B.CO shifts across timeframes, from -0.05 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TTD vs. CARL-B.CO — Risk / Return Rank

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

TTD

TTD Risk / Return Rank: 5
TTD Sharpe Ratio Rank: 3
TTD Sortino Ratio Rank: 3
TTD Omega Ratio Rank: 2
TTD Calmar Ratio Rank: 6
TTD Martin Ratio Rank: 13

CARL-B.CO

CARL-B.CO Risk / Return Rank: 29
CARL-B.CO Sharpe Ratio Rank: 29
CARL-B.CO Sortino Ratio Rank: 25
CARL-B.CO Omega Ratio Rank: 25
CARL-B.CO Calmar Ratio Rank: 32
CARL-B.CO Martin Ratio Rank: 34

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.

TTD vs. CARL-B.CO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Trade Desk, Inc. (TTD) and Carlsberg A/S (CARL-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.

	TTD	CARL-B.CO	Difference
Sharpe ratio: Return per unit of total volatility	-1.13	-0.30	-0.83
Sortino ratio: Return per unit of downside risk	-1.97	-0.27	-1.70
Omega ratio: Gain probability vs. loss probability	0.71	0.97	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.92	-0.33	-0.59
Martin ratio: Return relative to average drawdown	-1.28	-0.53	-0.74

TTD vs. CARL-B.CO - Sharpe Ratio Comparison

The current TTD Sharpe Ratio is -1.13, which is lower than the CARL-B.CO Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of TTD and CARL-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.

Drawdowns

TTD vs. CARL-B.CO - Drawdown Comparison

The maximum TTD drawdown since its inception was -86.45%, which is greater than CARL-B.CO's maximum drawdown of -77.22%. Use the drawdown chart below to compare losses from any high point for TTD and CARL-B.CO.

Drawdown Indicators

	TTD	CARL-B.CO	Difference
Max Drawdown Largest peak-to-trough decline	-86.45%	-77.22%	-9.23%
Max Drawdown (1Y) Largest decline over 1 year	-78.94%	-21.81%	-57.13%
Max Drawdown (3Y) Largest decline over 3 years	-86.45%	-40.58%	-45.87%
Max Drawdown (5Y) Largest decline over 5 years	-86.45%	-47.25%	-39.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.25%	—
Current Drawdown Current decline from peak	-86.18%	-20.42%	-65.76%
Average Drawdown Average peak-to-trough decline	-27.27%	-20.02%	-7.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	56.84%	13.63%	+43.21%

Volatility

TTD vs. CARL-B.CO - Volatility Comparison

The Trade Desk, Inc. (TTD) has a higher volatility of 18.89% compared to Carlsberg A/S (CARL-B.CO) at 7.56%. This indicates that TTD's price experiences larger fluctuations and is considered to be riskier than CARL-B.CO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TTD	CARL-B.CO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.89%	7.56%	+11.33%
Volatility (6M) Calculated over the trailing 6-month period	41.21%	18.00%	+23.21%
Volatility (1Y) Calculated over the trailing 1-year period	64.24%	23.82%	+40.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.34%	25.35%	+41.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.43%	23.67%	+44.76%

Dividends

TTD vs. CARL-B.CO - Dividend Comparison

TTD has not paid dividends to shareholders, while CARL-B.CO's dividend yield for the trailing twelve months is around 3.44%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARL-B.CO Carlsberg A/S	3.44%	3.23%	3.91%	3.19%	2.60%	1.95%	2.15%	1.81%	2.31%	1.34%	1.48%	1.47%
TTD The Trade Desk, 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

Frequently Asked Questions

Can I hold both TTD and CARL-B.CO in my portfolio?

TTD and CARL-B.CO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.