NVO vs SPY
Comparison between Novo Nordisk (NVO, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NVO, delivering a return of +13.3% compared to +6.2%
NVO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
NVO
$203B
Winner
SPY
$652B
Expense Ratio
NVO
N/A
SPY
0.09%
Max Drawdown
NVO
75.98%
Winner
SPY
56.47%
Sharpe Ratio
NVO
-0.44
Winner
SPY
2.07
5Y Beta
Winner
NVO
0.96
SPY
1.00
Industry
NVO
Drug Manufacturers - General
SPY
N/A
P/E Ratio
Winner
NVO
12.90
SPY
28.24
Forward P/E
Winner
NVO
13.51
SPY
21.85
PEG Ratio
NVO
1.48
SPY
N/A
Dividend Yield
NVO
3.91%
SPY
N/A
5Y Dividends CAGR
Winner
NVO
31.66%
SPY
5.43%
5Y EPS CAGR
NVO
20.59%
Winner
SPY
25.79%
Debt to Equity
NVO
67.49%
Winner
SPY
22.35%
Free Cash Flow Yield
NVO
2.19%
SPY
N/A
P/S Ratio
Winner
NVO
0.62
SPY
3.55
P/B Ratio
NVO
6.46
Winner
SPY
5.29
NVO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NVO
+22.49%
SPY
+9.11%
3M
NVO
-3.47%
Winner
SPY
+6.59%
6M
NVO
+4.33%
Winner
SPY
+10.56%
1Y
NVO
-25.71%
Winner
SPY
+32.04%
5Y(CAGR)
NVO
+6.21%
Winner
SPY
+13.35%
10Y(CAGR)
NVO
+7.53%
Winner
SPY
+15.49%
Max(CAGR)
Winner
NVO
+16.41%
SPY
+8.50%
NVO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NVO | SPY |
|---|---|---|
| 2026 | -9.03% | +8.27% |
| 2025 | -40.30% | +18.00% |
| 2024 | -14.82% | +25.59% |
| 2023 | +52.98% | +26.72% |
| 2022 | +26.30% | -18.64% |
| 2021 | +59.85% | +30.52% |
| 2020 | +22.30% | +17.28% |
| 2019 | +26.72% | +31.09% |
| 2018 | -13.76% | -5.24% |
| 2017 | +52.70% | +20.78% |
| 2016 | -36.16% | +13.59% |
| 2015 | +38.20% | +1.31% |
| 2014 | +16.84% | +14.56% |
| 2013 | +12.95% | +29.00% |
| 2012 | +41.35% | +14.17% |
| 2011 | +4.80% | +0.85% |
| 2010 | +73.64% | +13.14% |
| 2009 | +22.93% | +22.67% |
| 2008 | -18.66% | -36.25% |
| 2007 | +57.08% | +5.32% |
| 2006 | +48.69% | +13.85% |
| 2005 | +7.34% | +5.32% |
| 2004 | +33.06% | +10.75% |
| 2003 | +40.89% | +24.18% |
| 2002 | -27.39% | -22.42% |
| 2001 | +13.36% | -10.13% |
| 2000 | +32.47% | -8.84% |
| 1999 | +6.16% | +8.61% |
NVO vs SPY Drawdown Comparison
The maximum drawdown for NVO was -74.71%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NVO drawdown is -66.56%.
| Rank | NVO | SPY |
|---|---|---|
| #1 | -74.71% Jun 25, 2024 - Mar 27, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -51.38% Aug 6, 2001 - Feb 9, 2004 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -46.53% Aug 3, 2015 - Jan 19, 2018 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -41.56% Apr 8, 2008 - Feb 16, 2010 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -28.04% Apr 21, 2011 - Feb 7, 2012 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -27.56% Jan 26, 2018 - Nov 1, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -26.73% Sep 26, 2000 - Jun 20, 2001 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -23.65% Mar 4, 2020 - Apr 20, 2020 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -21.43% Feb 6, 2013 - Jan 10, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -21.36% Apr 7, 2022 - Nov 28, 2022 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -20.48% Dec 16, 2021 - Apr 6, 2022 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -19.00% Apr 21, 2005 - Mar 3, 2006 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -16.44% Jan 10, 2000 - May 3, 2000 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -14.94% Dec 4, 2007 - Feb 22, 2008 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -14.66% Oct 22, 2012 - Jan 10, 2013 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NVO and SPY is 0.85 which considered as a strong positive correlation - the stocks tend to move together.
0.85
-101
Dividend Comparison (1999 - 2026)
NVO vs SPY dividend yield comparison.
| Year | NVO | SPY |
|---|---|---|
| 2026 | 2.64% | 0.24% |
| 2025 | 3.31% | 1.07% |
| 2024 | 1.68% | 1.21% |
| 2023 | 1.00% | 1.40% |
| 2022 | 1.20% | 1.65% |
| 2021 | 1.35% | 1.20% |
| 2020 | 1.87% | 1.52% |
| 2019 | 2.14% | 1.75% |
| 2018 | 1.45% | 2.04% |
| 2017 | 1.52% | 1.80% |
| 2016 | 2.87% | 2.03% |
| 2015 | 0.92% | 2.06% |
| 2014 | 1.43% | 1.87% |
| 2013 | 1.23% | 1.81% |
| 2012 | 1.12% | 2.18% |
| 2011 | 1.18% | 2.05% |
| 2010 | 0.87% | 1.80% |
| 2009 | 1.22% | 1.95% |
| 2008 | 1.32% | 3.02% |
| 2007 | 0.69% | 1.85% |
| 2006 | 0.83% | 1.73% |
| 2005 | 1.10% | 1.73% |
| 2004 | 0.96% | 1.82% |
| 2003 | 0.92% | 1.47% |
| 2002 | 0.98% | 1.70% |
| 2001 | 0.57% | 1.25% |
| 2000 | 0.53% | 1.15% |
| 1999 | 0.00% | 0.24% |
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