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. Their -0.39 correlation means they have often moved in opposite directions in the past. Both charge a 0.19% expense ratio.
Performance
ARMH vs. NVOH - Performance Comparison
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Returns By Period
ARMH
- 1D
- -0.07%
- 1M
- -24.02%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NVOH
- 1D
- 2.28%
- 1M
- -5.08%
- 6M
- -13.72%
- YTD
- -0.92%
- 1Y
- 5.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -31.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $185.31K | $454.05K | $691.73K | |
| $58.46K | $49.84K | $51.99K |
ARMH vs. NVOH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ARMH Arm Holdings PLC ADRhedged ETF | -22.64% |
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF | 8.66% |
Correlation
The correlation between ARMH and NVOH is -0.39, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | -0.39 |
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Return for Risk
ARMH vs. NVOH — Risk / Return Rank
ARMH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| ARMH | NVOH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.07 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.12 | — |
| Martin ratioReturn relative to average drawdown | — | 0.22 | — |
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Drawdowns
ARMH vs. NVOH - Drawdown Comparison
The maximum ARMH drawdown since its inception was -48.81%, 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 | -48.81% | -61.60% | +12.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -40.93% | — |
Current DrawdownCurrent decline from peak | -45.83% | -47.86% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -23.50% | -39.25% | +15.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 22.53% | — |
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 | — | 11.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 35.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 97.98% | 44.73% | +53.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 97.98% | 47.97% | +50.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.98% | 47.97% | +50.01% |
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 6.52%.
| Position | TTM | 2025 |
|---|---|---|
ARMH Arm Holdings PLC ADRhedged ETF | 0.00% | 0.00% |
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF | 6.52% | 2.38% |
Frequently Asked Questions
ARMH and NVOH have a correlation of -0.39, 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 6.52%, compared with 0.00% for ARMH.
ARMH is categorized as Technology Equities, while NVOH is Foreign Large Cap Equities.
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