V vs. NOVO-B.CO

Last updated Jun 13, 2026

V (Visa Inc.) and NOVO-B.CO (Novo Nordisk A/S) are both stocks. V operates in Credit Services (Financial Services), while NOVO-B.CO operates in Biotechnology (Healthcare). Over the past 10 years, V returned 15.98%/yr vs 17.63%/yr for NOVO-B.CO. At a 0.18 correlation, their price movements are largely independent.

Performance

V vs. NOVO-B.CO - Performance Comparison

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

Different Trading Currencies

V 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, V achieves a -7.69% return, which is significantly higher than NOVO-B.CO's -10.15% return. Over the past 10 years, V has underperformed NOVO-B.CO with an annualized return of 15.98%, while NOVO-B.CO has yielded a comparatively higher 17.63% annualized return.

V

• 1D: 1.05%
• 1M: -0.04%
• YTD: -7.69%
• 6M: -6.93%
• 1Y: -7.91%
• 3Y*: 13.87%
• 5Y*: 7.33%
• 10Y*: 15.98%

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%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
V Visa Inc.	-7.69%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%
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%	58.82%

Correlation

The correlation between V 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	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Mar 19, 2008	0.18

Return for Risk

V vs. NOVO-B.CO — Risk / Return Rank

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

V

V Risk / Return Rank: 15
V Sharpe Ratio Rank: 18
V Sortino Ratio Rank: 17
V Omega Ratio Rank: 18
V Calmar Ratio Rank: 15
V Martin Ratio Rank: 5

NOVO-B.CO

NOVO-B.CO Risk / Return Rank: 13
NOVO-B.CO Sharpe Ratio Rank: 10
NOVO-B.CO Sortino Ratio Rank: 14
NOVO-B.CO Omega Ratio Rank: 12
NOVO-B.CO Calmar Ratio Rank: 13
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.

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

This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) 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.

	V	NOVO-B.CO	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	-0.77	+0.21
Sortino ratio: Return per unit of downside risk	-0.68	-0.89	+0.20
Omega ratio: Gain probability vs. loss probability	0.92	0.88	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.73	-0.79	+0.06
Martin ratio: Return relative to average drawdown	-1.57	-1.17	-0.39

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

The current V Sharpe Ratio is -0.56, which is comparable to the NOVO-B.CO Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of V 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.

Drawdowns

V vs. NOVO-B.CO - Drawdown Comparison

The maximum V drawdown since its inception was -51.90%, smaller than the maximum NOVO-B.CO drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for V and NOVO-B.CO.

Drawdown Indicators

	V	NOVO-B.CO	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-74.86%	+22.96%
Max Drawdown (1Y) Largest decline over 1 year	-17.18%	-54.48%	+37.30%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-74.86%	+54.48%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	-74.86%	+46.26%
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	-74.86%	+38.50%
Current Drawdown Current decline from peak	-12.96%	-67.88%	+54.92%
Average Drawdown Average peak-to-trough decline	-8.26%	-12.38%	+4.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.73%	36.72%	-25.99%

Volatility

V vs. NOVO-B.CO - Volatility Comparison

The current volatility for Visa Inc. (V) is 5.57%, while Novo Nordisk A/S (NOVO-B.CO) has a volatility of 12.08%. This indicates that V 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.

Volatility by Period

	V	NOVO-B.CO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	12.08%	-6.51%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	40.71%	-23.14%
Volatility (1Y) Calculated over the trailing 1-year period	22.35%	55.70%	-33.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.82%	58.93%	-36.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.45%	45.48%	-21.03%

Dividends

V vs. NOVO-B.CO - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.81%, less than NOVO-B.CO's 4.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NOVO-B.CO Novo Nordisk A/S	4.07%	3.58%	1.59%	1.01%	2.38%	2.54%	4.03%	4.22%	5.27%	4.54%	7.38%	2.50%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Financials

Frequently Asked Questions

Can I hold both V and NOVO-B.CO in my portfolio?

V 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.