U vs. NOVO-B.CO

Last updated Jun 9, 2026

U (Unity Software Inc.) and NOVO-B.CO (Novo Nordisk A/S) are both stocks. U operates in Software - Application (Technology), while NOVO-B.CO operates in Biotechnology (Healthcare). Over the past 5 years, U returned -21.83%/yr vs 18.06%/yr for NOVO-B.CO. At a 0.09 correlation, their price movements are largely independent.

Performance

U vs. NOVO-B.CO - Performance Comparison

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

Different Trading Currencies

U 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, U achieves a -34.80% return, which is significantly lower than NOVO-B.CO's -14.86% return.

U

• 1D: -1.27%
• 1M: 2.27%
• YTD: -34.80%
• 6M: -41.27%
• 1Y: 14.60%
• 3Y*: -7.42%
• 5Y*: -21.83%
• 10Y*: —

NOVO-B.CO

• 1D: 0.00%
• 1M: -8.03%
• YTD: -14.86%
• 6M: -6.49%
• 1Y: -41.18%
• 3Y*: 5.14%
• 5Y*: 18.06%
• 10Y*: 16.29%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
U Unity Software Inc.	-34.80%	96.57%	-45.05%	43.02%	-80.01%	-6.83%	104.63%
NOVO-B.CO Novo Nordisk A/S	-14.86%	-39.54%	-15.04%	214.95%	23.90%	65.39%	1.58%

Correlation

The correlation between U and NOVO-B.CO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020	0.09

Return for Risk

U vs. NOVO-B.CO — Risk / Return Rank

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

U

U Risk / Return Rank: 49
U Sharpe Ratio Rank: 49
U Sortino Ratio Rank: 51
U Omega Ratio Rank: 52
U Calmar Ratio Rank: 48
U Martin Ratio Rank: 47

NOVO-B.CO

NOVO-B.CO Risk / Return Rank: 13
NOVO-B.CO Sharpe Ratio Rank: 10
NOVO-B.CO Sortino Ratio Rank: 13
NOVO-B.CO Omega Ratio Rank: 12
NOVO-B.CO Calmar Ratio Rank: 12
NOVO-B.CO Martin Ratio Rank: 17

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.

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

This table presents a comparison of risk-adjusted performance metrics for Unity Software Inc. (U) 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.

	U	NOVO-B.CO	Difference
Sharpe ratio: Return per unit of total volatility	0.20	-0.75	+0.94
Sortino ratio: Return per unit of downside risk	0.80	-0.84	+1.64
Omega ratio: Gain probability vs. loss probability	1.11	0.88	+0.23
Calmar ratio: Return relative to maximum drawdown	0.22	-0.76	+0.98
Martin ratio: Return relative to average drawdown	0.45	-1.14	+1.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current U Sharpe Ratio is 0.20, which is higher than the NOVO-B.CO Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of U 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.

Sharpe Ratios by Period

	U	NOVO-B.CO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	-0.75	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	0.31	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.18	0.66	-0.84

Drawdowns

U vs. NOVO-B.CO - Drawdown Comparison

The maximum U drawdown since its inception was -93.07%, 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 U and NOVO-B.CO.

Drawdown Indicators

	U	NOVO-B.CO	Difference
Max Drawdown Largest peak-to-trough decline	-93.07%	-74.86%	-18.21%
Max Drawdown (1Y) Largest decline over 1 year	-65.37%	-54.88%	-10.49%
Max Drawdown (3Y) Largest decline over 3 years	-71.28%	-74.86%	+3.58%
Max Drawdown (5Y) Largest decline over 5 years	-93.07%	-74.86%	-18.21%
Max Drawdown (10Y) Largest decline over 10 years	—	-74.86%	—
Current Drawdown Current decline from peak	-85.68%	-69.56%	-16.12%
Average Drawdown Average peak-to-trough decline	-69.40%	-12.33%	-57.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.71%	36.42%	-3.71%

Volatility

U vs. NOVO-B.CO - Volatility Comparison

Unity Software Inc. (U) has a higher volatility of 16.23% compared to Novo Nordisk A/S (NOVO-B.CO) at 11.16%. This indicates that U's price experiences larger fluctuations and is considered to be riskier than NOVO-B.CO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	U	NOVO-B.CO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.23%	11.16%	+5.07%
Volatility (6M) Calculated over the trailing 6-month period	60.90%	40.40%	+20.50%
Volatility (1Y) Calculated over the trailing 1-year period	74.49%	55.90%	+18.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.26%	58.91%	+18.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.49%	45.47%	+31.02%

Dividends

U vs. NOVO-B.CO - Dividend Comparison

U has not paid dividends to shareholders, while NOVO-B.CO's dividend yield for the trailing twelve months is around 4.35%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOVO-B.CO Novo Nordisk A/S	4.35%	3.58%	1.59%	1.01%	2.38%	2.54%	4.03%	4.22%	5.27%	4.54%	7.38%	2.50%
U Unity Software 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 U and NOVO-B.CO in my portfolio?

U and NOVO-B.CO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.