ZEAL.CO vs. NAS.OL
ZEAL.CO (Zealand Pharma A/S) and NAS.OL (Norwegian Air Shuttle ASA) are both stocks. ZEAL.CO operates in Biotechnology (Healthcare), while NAS.OL operates in Airlines (Industrials). Over the past 10 years, ZEAL.CO returned 10.55%/yr vs -44.25%/yr for NAS.OL. At a 0.14 correlation, their price movements are largely independent.
Performance
ZEAL.CO vs. NAS.OL - Performance Comparison
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Different Trading Currencies
ZEAL.CO is traded in DKK, while NAS.OL is traded in NOK. To make them comparable, the NAS.OL values have been converted to DKK using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZEAL.CO achieves a -36.58% return, which is significantly lower than NAS.OL's -1.73% return. Over the past 10 years, ZEAL.CO has outperformed NAS.OL with an annualized return of 10.55%, while NAS.OL has yielded a comparatively lower -44.25% annualized return.
ZEAL.CO
- 1D
- 0.51%
- 1M
- -4.76%
- YTD
- -36.58%
- 6M
- -39.98%
- 1Y
- -37.65%
- 3Y*
- 2.31%
- 5Y*
- 8.36%
- 10Y*
- 10.55%
NAS.OL
- 1D
- 6.31%
- 1M
- 1.94%
- YTD
- -1.73%
- 6M
- -1.43%
- 1Y
- 33.55%
- 3Y*
- 12.22%
- 5Y*
- 7.29%
- 10Y*
- -44.25%
ZEAL.CO vs. NAS.OL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZEAL.CO Zealand Pharma A/S | -36.58% | -34.81% | 91.72% | 85.30% | 38.80% | -34.22% | -6.29% | 185.68% | -3.06% | -20.19% |
NAS.OL Norwegian Air Shuttle ASA | -1.73% | 67.84% | -2.22% | 36.77% | -35.08% | -40.44% | -98.99% | -33.46% | -1.84% | -43.27% |
Correlation
The correlation between ZEAL.CO and NAS.OL is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2010 | 0.14 |
The correlation between ZEAL.CO and NAS.OL shifts across timeframes, from 0.10 (3 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZEAL.CO vs. NAS.OL — Risk / Return Rank
ZEAL.CO
NAS.OL
ZEAL.CO vs. NAS.OL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zealand Pharma A/S (ZEAL.CO) and Norwegian Air Shuttle ASA (NAS.OL). 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.
| ZEAL.CO | NAS.OL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.18 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 1.54 | -2.21 |
| Martin ratioReturn relative to average drawdown | -1.39 | 3.66 | -5.05 |
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Drawdowns
ZEAL.CO vs. NAS.OL - Drawdown Comparison
The maximum ZEAL.CO drawdown since its inception was -75.53%, smaller than the maximum NAS.OL drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for ZEAL.CO and NAS.OL.
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Drawdown Indicators
| ZEAL.CO | NAS.OL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.53% | -99.90% | +24.37% |
Max Drawdown (1Y)Largest decline over 1 year | -56.96% | -21.92% | -35.04% |
Max Drawdown (3Y)Largest decline over 3 years | -75.38% | -46.86% | -28.52% |
Max Drawdown (5Y)Largest decline over 5 years | -75.38% | -53.17% | -22.21% |
Max Drawdown (10Y)Largest decline over 10 years | -75.53% | -99.89% | +24.36% |
Current DrawdownCurrent decline from peak | -68.99% | -99.76% | +30.77% |
Average DrawdownAverage peak-to-trough decline | -30.90% | -58.54% | +27.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.60% | 9.31% | +19.29% |
Volatility
ZEAL.CO vs. NAS.OL - Volatility Comparison
Zealand Pharma A/S (ZEAL.CO) has a higher volatility of 32.28% compared to Norwegian Air Shuttle ASA (NAS.OL) at 16.54%. This indicates that ZEAL.CO's price experiences larger fluctuations and is considered to be riskier than NAS.OL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZEAL.CO | NAS.OL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.28% | 16.54% | +15.74% |
Volatility (6M)Calculated over the trailing 6-month period | 63.18% | 29.89% | +33.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.18% | 38.57% | +30.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.52% | 46.34% | +15.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.84% | 85.64% | -32.80% |
Dividends
ZEAL.CO vs. NAS.OL - Dividend Comparison
ZEAL.CO has not paid dividends to shareholders, while NAS.OL's dividend yield for the trailing twelve months is around 11.23%.
| Position | TTM | 2025 |
|---|---|---|
NAS.OL Norwegian Air Shuttle ASA | 11.23% | 5.16% |
ZEAL.CO Zealand Pharma A/S | 0.00% | 0.00% |
Financials
ZEAL.CO vs. NAS.OL - Financials Comparison
This section allows you to compare key financial metrics between Zealand Pharma A/S and Norwegian Air Shuttle ASA. 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
Frequently Asked Questions
ZEAL.CO and NAS.OL have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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