ARMH vs. NVOH
ARMH (Arm Holdings PLC ADRhedged ETF) and NVOH (Novo Nordisk A/S (B Shares) ADRhedged ETF) are both exchange-traded funds - ARMH is a Technology Equities fund actively managed by Precidian, while NVOH is a Foreign Large Cap Equities fund actively managed by Precidian. Both are actively managed. At a correlation of -0.20, they often move in opposite directions. Both charge a 0.19% expense ratio.
Performance
ARMH vs. NVOH - Performance Comparison
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Returns By Period
ARMH
- 1D
- 2.87%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVOH
- 1D
- -1.79%
- 1M
- -4.21%
- YTD
- -13.62%
- 6M
- -7.70%
- 1Y
- -37.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARMH vs. NVOH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ARMH Arm Holdings PLC ADRhedged ETF | 23.00% |
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF | -6.91% |
Correlation
The correlation between ARMH and NVOH is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 29, 2026 | -0.20 |
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Return for Risk
ARMH vs. NVOH — Risk / Return Rank
ARMH
NVOH
ARMH vs. NVOH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Arm Holdings PLC ADRhedged ETF (ARMH) and Novo Nordisk A/S (B Shares) ADRhedged ETF (NVOH). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ARMH | NVOH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 471,500.14 | -0.81 | +471,500.96 |
Drawdowns
ARMH vs. NVOH - Drawdown Comparison
The maximum ARMH drawdown since its inception was -1.61%, smaller than the maximum NVOH drawdown of -61.60%. Use the drawdown chart below to compare losses from any high point for ARMH and NVOH.
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Drawdown Indicators
| ARMH | NVOH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.61% | -61.60% | +59.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -53.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | -54.54% | +54.54% |
Average DrawdownAverage peak-to-trough decline | -0.40% | -38.30% | +37.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 36.09% | — |
Volatility
ARMH vs. NVOH - Volatility Comparison
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Volatility by Period
| ARMH | NVOH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.99% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 36.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 113.00% | 49.40% | +63.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.00% | 49.04% | +63.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 113.00% | 49.04% | +63.96% |
ARMH vs. NVOH - Expense Ratio Comparison
Both ARMH and NVOH have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ARMH vs. NVOH - Dividend Comparison
ARMH has not paid dividends to shareholders, while NVOH's dividend yield for the trailing twelve months is around 3.97%.
| Position | TTM | 2025 |
|---|---|---|
ARMH Arm Holdings PLC ADRhedged ETF | 0.00% | 0.00% |
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF | 3.97% | 2.38% |
Frequently Asked Questions
ARMH and NVOH have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ARMH and NVOH have the same expense ratio: 0.19% per year.
NVOH has the higher dividend yield at 3.97%, compared with 0.00% for ARMH.
ARMH is categorized as Technology Equities, while NVOH is Foreign Large Cap Equities.
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