NVO vs OSRH: Correlation
Measured on weekly returns over the past three years, Novo Nordisk A/S (NVO) and OSR Health, Inc. (OSRH) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVO and OSRH?
On 3 years of weekly data the NVO/OSRH correlation comes out at 0.28, weak. Little has changed lately, as the 1-year reading of 0.24 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1316.5 %².
Out of 12 assets tracked against NVO, OSRH lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with NVO ahead by 68.9 points (-13.9% versus -82.8%). One caveat on sizing: OSRH is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
NVO vs OSRH: side by side
| NVO (Novo Nordisk A/S) | OSRH (OSR Health, Inc.) | |
|---|---|---|
| 1-year return | -13.9% | -82.8% |
| 5-year return | +1.3% | n/a |
| Volatility (ann.) | 45.9% | 100.8% |
| Beta vs S&P 500 | 1.06 | 0.47 |
| Max drawdown (3Y) | -74.7% | -99.0% |
| Market cap | $204.5B | – |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 24.79% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NVO | OSRH |
|---|---|---|
| 2022 | +22.7% | – |
| 2023 | +54.8% | – |
| 2024 | -15.9% | +9.8% |
| 2025 | -39.2% | -95.1% |
| 2026 | -4.5% | -70.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVO and OSRH good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NVO and OSRH?
The NVO/OSRH correlation stands at 0.28 on a 3-year window (1 year: 0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is OSRH a good diversifier for NVO?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvo-vs-osrh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvo-vs-osrh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVO correlations · OSRH correlations
