WT vs. NOVO-B.CO

Last updated Jun 13, 2026

WT (WisdomTree Inc.) and NOVO-B.CO (Novo Nordisk A/S) are both stocks. WT operates in Asset Management (Financial Services), while NOVO-B.CO operates in Biotechnology (Healthcare). Over the past 10 years, WT returned 8.07%/yr vs 17.63%/yr for NOVO-B.CO. At a 0.10 correlation, their price movements are largely independent.

Performance

WT vs. NOVO-B.CO - Performance Comparison

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

Different Trading Currencies

WT 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, WT achieves a 47.93% return, which is significantly higher than NOVO-B.CO's -10.15% return. Over the past 10 years, WT has underperformed NOVO-B.CO with an annualized return of 8.07%, while NOVO-B.CO has yielded a comparatively higher 17.63% annualized return.

WT

• 1D: 3.99%
• 1M: -9.29%
• YTD: 47.93%
• 6M: 52.43%
• 1Y: 80.10%
• 3Y*: 36.20%
• 5Y*: 22.72%
• 10Y*: 8.07%

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WT WisdomTree Inc.	47.93%	17.38%	53.55%	29.56%	-8.94%	16.57%	14.13%	-25.75%	-46.31%	16.47%
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 WT and NOVO-B.CO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Sep 7, 2007	0.10

Return for Risk

WT vs. NOVO-B.CO — Risk / Return Rank

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

WT

WT Risk / Return Rank: 85
WT Sharpe Ratio Rank: 90
WT Sortino Ratio Rank: 87
WT Omega Ratio Rank: 83
WT Calmar Ratio Rank: 83
WT Martin Ratio Rank: 82

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.

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

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

	WT	NOVO-B.CO	Difference
Sharpe ratio: Return per unit of total volatility	2.07	-0.77	+2.84
Sortino ratio: Return per unit of downside risk	2.74	-0.89	+3.62
Omega ratio: Gain probability vs. loss probability	1.31	0.88	+0.44
Calmar ratio: Return relative to maximum drawdown	2.90	-0.79	+3.69
Martin ratio: Return relative to average drawdown	6.89	-1.17	+8.06

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

The current WT Sharpe Ratio is 2.07, which is higher than the NOVO-B.CO Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of WT 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

WT vs. NOVO-B.CO - Drawdown Comparison

The maximum WT drawdown since its inception was -99.92%, 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 WT and NOVO-B.CO.

Drawdown Indicators

	WT	NOVO-B.CO	Difference
Max Drawdown Largest peak-to-trough decline	-99.92%	-74.86%	-25.06%
Max Drawdown (1Y) Largest decline over 1 year	-26.67%	-54.48%	+27.81%
Max Drawdown (3Y) Largest decline over 3 years	-36.94%	-74.86%	+37.92%
Max Drawdown (5Y) Largest decline over 5 years	-36.94%	-74.86%	+37.92%
Max Drawdown (10Y) Largest decline over 10 years	-83.95%	-74.86%	-9.09%
Current Drawdown Current decline from peak	-12.50%	-67.88%	+55.38%
Average Drawdown Average peak-to-trough decline	-60.16%	-12.38%	-47.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.20%	36.72%	-25.52%

Volatility

WT vs. NOVO-B.CO - Volatility Comparison

The current volatility for WisdomTree Inc. (WT) is 11.00%, while Novo Nordisk A/S (NOVO-B.CO) has a volatility of 12.08%. This indicates that WT 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

	WT	NOVO-B.CO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.00%	12.08%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	31.11%	40.71%	-9.60%
Volatility (1Y) Calculated over the trailing 1-year period	37.43%	55.70%	-18.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.39%	58.93%	-26.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.93%	45.48%	-2.55%

Dividends

WT vs. NOVO-B.CO - Dividend Comparison

WT's dividend yield for the trailing twelve months is around 0.67%, 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%
WT WisdomTree Inc.	0.67%	0.98%	1.14%	1.73%	2.20%	1.96%	2.24%	2.48%	1.80%	2.55%	2.87%	3.64%

Financials

Frequently Asked Questions

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

WT and NOVO-B.CO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.