XDW0.DE vs. NOVO-B.CO

Last updated Jun 13, 2026

XDW0.DE (Xtrackers MSCI World Energy UCITS ETF 1C) is Energy Equities fund tracking the MSCI World/Energy NR USD, while NOVO-B.CO (Novo Nordisk A/S) is a stock. Over the past 10 years, XDW0.DE returned 9.16%/yr vs 17.26%/yr for NOVO-B.CO. At a 0.15 correlation, their price movements are largely independent.

Performance

XDW0.DE vs. NOVO-B.CO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI World Energy UCITS ETF 1C (XDW0.DE) and Novo Nordisk A/S (NOVO-B.CO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDW0.DE is traded in EUR, while NOVO-B.CO is traded in DKK. To make them comparable, the NOVO-B.CO values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDW0.DE achieves a 31.10% return, which is significantly higher than NOVO-B.CO's -8.77% return. Over the past 10 years, XDW0.DE has underperformed NOVO-B.CO with an annualized return of 9.16%, while NOVO-B.CO has yielded a comparatively higher 17.26% annualized return.

XDW0.DE

• 1D: -1.42%
• 1M: 0.33%
• YTD: 31.10%
• 6M: 30.99%
• 1Y: 36.74%
• 3Y*: 14.54%
• 5Y*: 19.61%
• 10Y*: 9.16%

NOVO-B.CO

• 1D: 1.61%
• 1M: -4.08%
• YTD: -8.77%
• 6M: -7.60%
• 1Y: -41.92%
• 3Y*: 4.37%
• 5Y*: 20.51%
• 10Y*: 17.26%

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

XDW0.DE vs. NOVO-B.CO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDW0.DE Xtrackers MSCI World Energy UCITS ETF 1C	31.10%	2.24%	7.48%	0.19%	53.95%	52.21%	-36.99%	14.05%	-12.13%	-7.68%
NOVO-B.CO Novo Nordisk A/S	-8.77%	-46.44%	-9.91%	205.51%	31.09%	79.61%	15.78%	35.77%	-6.27%	39.30%

Correlation

The correlation between XDW0.DE and NOVO-B.CO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Nov 22, 2010	0.15

The correlation between XDW0.DE and NOVO-B.CO shifts across timeframes, from -0.06 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XDW0.DE vs. NOVO-B.CO — Risk / Return Rank

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

XDW0.DE

XDW0.DE Risk / Return Rank: 57
XDW0.DE Sharpe Ratio Rank: 60
XDW0.DE Sortino Ratio Rank: 52
XDW0.DE Omega Ratio Rank: 58
XDW0.DE Calmar Ratio Rank: 58
XDW0.DE Martin Ratio Rank: 54

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.

XDW0.DE vs. NOVO-B.CO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Energy UCITS ETF 1C (XDW0.DE) 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.

	XDW0.DE	NOVO-B.CO	Difference
Sharpe ratio: Return per unit of total volatility	1.77	-0.79	+2.56
Sortino ratio: Return per unit of downside risk	2.25	-0.92	+3.17
Omega ratio: Gain probability vs. loss probability	1.31	0.87	+0.44
Calmar ratio: Return relative to maximum drawdown	2.57	-0.78	+3.35
Martin ratio: Return relative to average drawdown	8.23	-1.15	+9.39

XDW0.DE vs. NOVO-B.CO - Sharpe Ratio Comparison

The current XDW0.DE Sharpe Ratio is 1.77, which is higher than the NOVO-B.CO Sharpe Ratio of -0.79. The chart below compares the historical Sharpe Ratios of XDW0.DE 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

XDW0.DE vs. NOVO-B.CO - Drawdown Comparison

The maximum XDW0.DE drawdown since its inception was -66.27%, smaller than the maximum NOVO-B.CO drawdown of -76.81%. Use the drawdown chart below to compare losses from any high point for XDW0.DE and NOVO-B.CO.

Drawdown Indicators

	XDW0.DE	NOVO-B.CO	Difference
Max Drawdown Largest peak-to-trough decline	-66.27%	-76.81%	+10.54%
Max Drawdown (1Y) Largest decline over 1 year	-15.05%	-54.72%	+39.67%
Max Drawdown (3Y) Largest decline over 3 years	-23.70%	-76.81%	+53.11%
Max Drawdown (5Y) Largest decline over 5 years	-23.70%	-76.81%	+53.11%
Max Drawdown (10Y) Largest decline over 10 years	-61.44%	-76.81%	+15.37%
Current Drawdown Current decline from peak	-8.52%	-70.26%	+61.74%
Average Drawdown Average peak-to-trough decline	-23.00%	-11.90%	-11.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	37.20%	-32.49%

Volatility

XDW0.DE vs. NOVO-B.CO - Volatility Comparison

The current volatility for Xtrackers MSCI World Energy UCITS ETF 1C (XDW0.DE) is 6.78%, while Novo Nordisk A/S (NOVO-B.CO) has a volatility of 11.47%. This indicates that XDW0.DE 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

	XDW0.DE	NOVO-B.CO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.78%	11.47%	-4.69%
Volatility (6M) Calculated over the trailing 6-month period	18.98%	39.57%	-20.59%
Volatility (1Y) Calculated over the trailing 1-year period	21.83%	54.44%	-32.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.12%	58.61%	-34.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.55%	45.19%	-18.64%

Dividends

XDW0.DE vs. NOVO-B.CO - Dividend Comparison

XDW0.DE has not paid dividends to shareholders, while NOVO-B.CO's dividend yield for the trailing twelve months is around 4.07%.

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%
XDW0.DE Xtrackers MSCI World Energy UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDW0.DE and NOVO-B.CO in my portfolio?

XDW0.DE and NOVO-B.CO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.