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VOO vs. NOVO-B.CO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VOO vs. NOVO-B.CO

Last updated Jun 13, 2026

VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index, while NOVO-B.CO (Novo Nordisk A/S) is a stock. Over the past 10 years, VOO returned 15.50%/yr vs 17.63%/yr for NOVO-B.CO. At a 0.24 correlation, their price movements are largely independent.

Performance

VOO vs. NOVO-B.CO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 ETF (VOO) and Novo Nordisk A/S (NOVO-B.CO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VOO 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, VOO achieves a 9.08% return, which is significantly higher than NOVO-B.CO's -10.15% return. Over the past 10 years, VOO has underperformed NOVO-B.CO with an annualized return of 15.50%, while NOVO-B.CO has yielded a comparatively higher 17.63% annualized return.

VOO

1D
0.55%
1M
-0.84%
YTD
9.08%
6M
9.44%
1Y
25.76%
3Y*
20.95%
5Y*
13.43%
10Y*
15.50%

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)

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

2026 (YTD)202520242023202220212020201920182017
VOO
Vanguard S&P 500 ETF		9.08%17.82%24.98%26.32%-18.17%28.79%18.32%31.37%-4.50%21.77%
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 VOO and NOVO-B.CO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.26

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.22

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

0.24

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P 500 ETF

Novo Nordisk A/S

Often compared with VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV
Often compared with NOVO-B.CO:
NOVO-B.CO vs. SPYNOVO-B.CO vs. LLYNOVO-B.CO vs. QQQNOVO-B.CO vs. NOV.DENOVO-B.CO vs. SAABYNOVO-B.CO vs. LLY.DENOVO-B.CO vs. MONC.MI

Return for Risk

VOO vs. NOVO-B.CO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VOO
VOO Risk / Return Rank: 7070
Overall Rank
VOO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 6969
Sortino Ratio Rank
VOO Omega Ratio Rank: 7171
Omega Ratio Rank
VOO Calmar Ratio Rank: 6363
Calmar Ratio Rank
VOO Martin Ratio Rank: 7676
Martin Ratio Rank
NOVO-B.CO
NOVO-B.CO Risk / Return Rank: 1313
Overall Rank
NOVO-B.CO Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
NOVO-B.CO Sortino Ratio Rank: 1414
Sortino Ratio Rank
NOVO-B.CO Omega Ratio Rank: 1212
Omega Ratio Rank
NOVO-B.CO Calmar Ratio Rank: 1313
Calmar Ratio Rank
NOVO-B.CO Martin Ratio Rank: 1717
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) 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.

VOONOVO-B.CODifference
Sharpe ratioReturn per unit of total volatility
1.99
-0.77

+2.76

Sortino ratioReturn per unit of downside risk
2.70
-0.89

+3.58

Omega ratioGain probability vs. loss probability

1.36

0.88

+0.49

Calmar ratioReturn relative to maximum drawdown

2.75

-0.79

+3.54

Martin ratioReturn relative to average drawdown

12.42

-1.17

+13.60

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

The current VOO Sharpe Ratio is 1.99, which is higher than the NOVO-B.CO Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of VOO 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.

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Drawdowns

VOO vs. NOVO-B.CO - Drawdown Comparison

The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum NOVO-B.CO drawdown of -74.86%. Use the drawdown chart below to compare losses from any high point for VOO and NOVO-B.CO.

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Drawdown Indicators

VOONOVO-B.CODifference

Max Drawdown

Largest peak-to-trough decline

-33.99%

-74.86%

+40.87%

Max Drawdown (1Y)

Largest decline over 1 year

-8.90%

-54.48%

+45.58%

Max Drawdown (3Y)

Largest decline over 3 years

-18.69%

-74.86%

+56.17%

Max Drawdown (5Y)

Largest decline over 5 years

-24.52%

-74.86%

+50.34%

Max Drawdown (10Y)

Largest decline over 10 years

-33.99%

-74.86%

+40.87%

Current Drawdown

Current decline from peak

-2.34%

-67.88%

+65.54%

Average Drawdown

Average peak-to-trough decline

-3.68%

-12.38%

+8.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

36.72%

-34.75%

Volatility

VOO vs. NOVO-B.CO - Volatility Comparison

The current volatility for Vanguard S&P 500 ETF (VOO) is 4.34%, while Novo Nordisk A/S (NOVO-B.CO) has a volatility of 12.08%. This indicates that VOO 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

VOONOVO-B.CODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.34%

12.08%

-7.74%

Volatility (6M)

Calculated over the trailing 6-month period

9.58%

40.71%

-31.13%

Volatility (1Y)

Calculated over the trailing 1-year period

12.27%

55.70%

-43.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.88%

58.93%

-42.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.03%

45.48%

-27.45%

Dividends

VOO vs. NOVO-B.CO - Dividend Comparison

VOO's dividend yield for the trailing twelve months is around 1.05%, less than NOVO-B.CO's 4.07% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VOO
Vanguard S&P 500 ETF		1.05%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

VOO and NOVO-B.CO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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