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NVO correlations (Novo Nordisk A/S)

NVO measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

45.9%

3y weekly

Beta vs S&P 500

1.06

3y weekly

1-year return

-13.9%

price, adjusted

5-year return

+1.3%

price, adjusted

Market cap

$204.5B

latest

P/E ratio

11.5

trailing

Dividend yield

24.79%

trailing

Max drawdown

-74.7%

3y, daily closes

NVO over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with NVO

Asset		Correlation (3Y)
RVTY	Revvity	0.44
IQV	IQVIA	0.42
XLV	Health Care Select Sector SPDR Fund	0.41
THW	abrdn World Healthcare Fund Shares of Beneficial Interest	0.41
PANW	Palo Alto Networks	0.38

These are the assets whose returns had the least to do with NVO's, historically the most independent picks in our universe.

Asset		Correlation (3Y)
CELC	Celcuity Inc.	-0.30
TOYO	TOYO Co., Ltd	-0.28
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.26

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/nvo.json

Correlations, diversifiers, beta and volatility for NVO, plus one endpoint per pair. API documentation.