VWDRY vs. NVO
VWDRY (Vestas Wind Systems A/S) and NVO (Novo Nordisk A/S) are both stocks. VWDRY operates in Specialty Industrial Machinery (Industrials), while NVO operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, VWDRY returned 8.97%/yr vs 8.27%/yr for NVO. At a 0.26 correlation, their price movements are largely independent.
Performance
VWDRY vs. NVO - Performance Comparison
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Returns By Period
In the year-to-date period, VWDRY achieves a 5.10% return, which is significantly higher than NVO's -6.67% return. Over the past 10 years, VWDRY has outperformed NVO with an annualized return of 8.97%, while NVO has yielded a comparatively lower 8.27% annualized return.
VWDRY
- 1D
- 5.39%
- 1M
- -6.10%
- YTD
- 5.10%
- 6M
- 6.63%
- 1Y
- 79.54%
- 3Y*
- 2.86%
- 5Y*
- -4.83%
- 10Y*
- 8.97%
NVO
- 1D
- 6.23%
- 1M
- 2.05%
- YTD
- -6.67%
- 6M
- -1.28%
- 1Y
- -34.91%
- 3Y*
- -14.58%
- 5Y*
- 4.55%
- 10Y*
- 8.27%
VWDRY vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWDRY Vestas Wind Systems A/S | 5.10% | 99.19% | -56.82% | 9.27% | -5.43% | -34.72% | 134.29% | 34.77% | 10.56% | 9.29% |
NVO Novo Nordisk A/S | -6.67% | -39.22% | -15.93% | 54.84% | 22.66% | 63.52% | 23.33% | 28.70% | -12.98% | 52.92% |
Correlation
The correlation between VWDRY and NVO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.26 |
Fundamentals
VWDRY:
$28.90B
NVO:
$204.11B
VWDRY:
€0.28
NVO:
DKK 27.42
VWDRY:
29.62
NVO:
10.90
VWDRY:
0.25
NVO:
0.47
VWDRY:
1.31
NVO:
4.06
VWDRY:
6.46
NVO:
6.55
VWDRY:
€19.32B
NVO:
DKK 327.80B
VWDRY:
€2.61B
NVO:
DKK 268.30B
VWDRY:
€1.30B
NVO:
DKK 181.54B
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Return for Risk
VWDRY vs. NVO — Risk / Return Rank
VWDRY
NVO
VWDRY vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vestas Wind Systems A/S (VWDRY) and Novo Nordisk A/S (NVO). 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.
| VWDRY | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.34 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.90 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | -0.71 | +4.22 |
| Martin ratioReturn relative to average drawdown | 7.73 | -1.13 | +8.86 |
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Drawdowns
VWDRY vs. NVO - Drawdown Comparison
The maximum VWDRY drawdown since its inception was -96.49%, which is greater than NVO's maximum drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for VWDRY and NVO.
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Drawdown Indicators
| VWDRY | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.49% | -74.70% | -21.79% |
Max Drawdown (1Y)Largest decline over 1 year | -22.82% | -49.17% | +26.35% |
Max Drawdown (3Y)Largest decline over 3 years | -61.99% | -74.70% | +12.71% |
Max Drawdown (5Y)Largest decline over 5 years | -72.64% | -74.70% | +2.06% |
Max Drawdown (10Y)Largest decline over 10 years | -76.67% | -74.70% | -1.97% |
Current DrawdownCurrent decline from peak | -44.82% | -66.66% | +21.84% |
Average DrawdownAverage peak-to-trough decline | -45.88% | -17.81% | -28.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.32% | 32.54% | -22.22% |
Volatility
VWDRY vs. NVO - Volatility Comparison
Vestas Wind Systems A/S (VWDRY) has a higher volatility of 12.87% compared to Novo Nordisk A/S (NVO) at 11.74%. This indicates that VWDRY's price experiences larger fluctuations and is considered to be riskier than NVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWDRY | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.87% | 11.74% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 28.01% | 38.27% | -10.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.52% | 52.05% | -4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.48% | 38.45% | +9.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.95% | 32.60% | +10.35% |
Dividends
VWDRY vs. NVO - Dividend Comparison
VWDRY's dividend yield for the trailing twelve months is around 0.41%, less than NVO's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVO Novo Nordisk A/S | 3.93% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
VWDRY Vestas Wind Systems A/S | 0.41% | 0.28% | 0.00% | 0.00% | 0.20% | 0.56% | 0.30% | 0.69% | 1.28% | 3.28% | 1.66% | 0.77% |
Financials
VWDRY vs. NVO - Financials Comparison
This section allows you to compare key financial metrics between Vestas Wind Systems A/S and Novo Nordisk A/S. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
VWDRY vs. NVO - Profitability Comparison
VWDRY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Vestas Wind Systems A/S reported a gross profit of 471.00M and revenue of 3.97B. Therefore, the gross margin over that period was 11.9%.
NVO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported a gross profit of 83.23B and revenue of 96.82B. Therefore, the gross margin over that period was 86.0%.
VWDRY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Vestas Wind Systems A/S reported an operating income of 127.00M and revenue of 3.97B, resulting in an operating margin of 3.2%.
NVO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported an operating income of 59.62B and revenue of 96.82B, resulting in an operating margin of 61.6%.
VWDRY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Vestas Wind Systems A/S reported a net income of 82.00M and revenue of 3.97B, resulting in a net margin of 2.1%.
NVO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novo Nordisk A/S reported a net income of 48.56B and revenue of 96.82B, resulting in a net margin of 50.2%.
Frequently Asked Questions
VWDRY and NVO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VWDRY has higher volatility (12.87%) compared to NVO (11.74%). In terms of maximum drawdown, VWDRY dropped -96.49% vs NVO's -74.70%.
VWDRY currently has the higher Sharpe Ratio (1.69 vs -0.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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