ASMH vs. NVOH

Last updated Aug 6, 2026

ASMH (ASML Holding NV ADR Hedged ETF) and NVOH (Novo Nordisk A/S (B Shares) ADRhedged ETF) are both exchange-traded funds - ASMH is a Technology Equities fund tracking the ASML Holding NV Sponsored ADR, while NVOH is a Foreign Large Cap Equities fund actively managed by Precidian. ASMH is passively managed, while NVOH is actively managed. Over the past year, ASMH returned 147.78% vs -0.83% for NVOH. Their 0.13 correlation means their historical movements had little consistent relationship. Both charge a 0.19% expense ratio.

Performance

ASMH vs. NVOH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ASML Holding NV ADR Hedged ETF (ASMH) and Novo Nordisk A/S (B Shares) ADRhedged ETF (NVOH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASMH achieves a 61.20% return, which is significantly higher than NVOH's -8.48% return.

ASMH

• 1D: -1.83%
• 1M: -8.02%
• 6M: 29.69%
• YTD: 61.20%
• 1Y: 147.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 108.35%

NVOH

• 1D: 0.29%
• 1M: -10.41%
• 6M: -0.65%
• YTD: -8.48%
• 1Y: -0.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -34.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASMH ASML Holding NV ADR Hedged ETF	$129.75K	$234.38K	$301.43K
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	$69.56K	$52.93K	$51.26K

ASMH vs. NVOH - Yearly Performance Comparison

	2026 (YTD)	2025
ASMH ASML Holding NV ADR Hedged ETF	61.20%	59.22%
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	-8.48%	-14.12%

Correlation

The correlation between ASMH and NVOH is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.13

Return for Risk

ASMH vs. NVOH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ASMH

ASMH Risk / Return Rank: 94
ASMH Sharpe Ratio Rank: 97
ASMH Sortino Ratio Rank: 93
ASMH Omega Ratio Rank: 90
ASMH Calmar Ratio Rank: 96
ASMH Martin Ratio Rank: 96

NVOH

NVOH Risk / Return Rank: 11
NVOH Sharpe Ratio Rank: 10
NVOH Sortino Ratio Rank: 12
NVOH Omega Ratio Rank: 13
NVOH Calmar Ratio Rank: 10
NVOH Martin Ratio Rank: 10

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ASMH vs. NVOH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASML Holding NV ADR Hedged ETF (ASMH) 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.

	ASMH	NVOH	Difference
Sharpe ratio: Return per unit of total volatility	3.41	-0.02	+3.43
Sortino ratio: Return per unit of downside risk	3.72	0.29	+3.43
Omega ratio: Gain probability vs. loss probability	1.46	1.04	+0.42
Calmar ratio: Return relative to maximum drawdown	6.91	-0.02	+6.93
Martin ratio: Return relative to average drawdown	24.31	-0.04	+24.34

ASMH vs. NVOH - Sharpe Ratio Comparison

The current ASMH Sharpe Ratio is 3.41, which is higher than the NVOH Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of ASMH and NVOH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASMH vs. NVOH - Drawdown Comparison

The maximum ASMH drawdown since its inception was -21.52%, smaller than the maximum NVOH drawdown of -61.60%. Use the drawdown chart below to compare losses from any high point for ASMH and NVOH.

Drawdown Indicators

	ASMH	NVOH	Difference
Max Drawdown Largest peak-to-trough decline	-21.52%	-61.60%	+40.08%
Max Drawdown (1Y) Largest decline over 1 year	-21.52%	-40.93%	+19.41%
Current Drawdown Current decline from peak	-15.85%	-51.84%	+35.99%
Average Drawdown Average peak-to-trough decline	-4.85%	-39.31%	+34.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.10%	22.64%	-16.54%

Volatility

ASMH vs. NVOH - Volatility Comparison

ASML Holding NV ADR Hedged ETF (ASMH) and Novo Nordisk A/S (B Shares) ADRhedged ETF (NVOH) have volatilities of 12.96% and 13.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASMH	NVOH	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.96%	13.61%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	34.86%	32.36%	+2.50%
Volatility (1Y) Calculated over the trailing 1-year period	43.67%	45.33%	-1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.62%	48.25%	-6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.62%	48.25%	-6.63%

ASMH vs. NVOH - Expense Ratio Comparison

Both ASMH 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

ASMH vs. NVOH - Dividend Comparison

ASMH's dividend yield for the trailing twelve months is around 1.90%, less than NVOH's 7.06% yield.

Position	TTM	2025
ASMH ASML Holding NV ADR Hedged ETF	1.90%	0.19%
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	7.06%	2.38%

Frequently Asked Questions

Can I hold both ASMH and NVOH in my portfolio?

ASMH and NVOH have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASMH or NVOH?

NVOH has higher volatility (13.61%) compared to ASMH (12.96%). In terms of maximum drawdown, ASMH dropped -21.52% vs NVOH's -61.60%.

Which ETF is better, ASMH or NVOH?

On 1-year performance, ASMH leads with 147.78% vs -0.83% for NVOH. Both ETFs have the same 0.19% expense ratio. On volatility, ASMH has been the lower-risk option at 12.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASMH or NVOH?

Over the 1-year period, ASMH has performed better with a 147.78% return vs -0.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASMH or NVOH?

ASMH and NVOH have the same expense ratio: 0.19% per year.

Which ETF pays a higher dividend yield, ASMH or NVOH?

NVOH has the higher dividend yield at 7.06%, compared with 1.90% for ASMH.

What is the main difference between ASMH and NVOH?

ASMH is categorized as Technology Equities, while NVOH is Foreign Large Cap Equities.

Which has better risk-adjusted returns?

ASMH currently has the higher Sharpe Ratio (3.41 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.