EIS vs. NVOH
EIS (iShares MSCI Israel ETF) and NVOH (Novo Nordisk A/S (B Shares) ADRhedged ETF) are both Foreign Large Cap Equities funds. EIS is passively managed, while NVOH is actively managed. Over the past year, EIS returned 28.55% vs -16.84% for NVOH. At a 0.15 correlation, their price movements are largely independent. EIS charges 0.59%/yr vs 0.19%/yr for NVOH.
Performance
EIS vs. NVOH - Performance Comparison
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Returns By Period
In the year-to-date period, EIS achieves a 9.66% return, which is significantly higher than NVOH's 4.29% return.
EIS
- 1D
- -0.46%
- 1M
- -0.45%
- 6M
- 1.26%
- YTD
- 9.66%
- 1Y
- 28.55%
- 3Y*
- 29.60%
- 5Y*
- 13.83%
- 10Y*
- 10.97%
NVOH
- 1D
- -1.96%
- 1M
- 15.70%
- 6M
- -15.26%
- YTD
- 4.29%
- 1Y
- -16.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EIS vs. NVOH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EIS iShares MSCI Israel ETF | 9.66% | 43.06% |
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF | 4.29% | -43.79% |
Correlation
The correlation between EIS and NVOH is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025 | 0.15 |
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Return for Risk
EIS vs. NVOH — Risk / Return Rank
EIS
NVOH
EIS vs. NVOH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Israel ETF (EIS) 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.
| EIS | NVOH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.98 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | -0.37 | +2.43 |
| Martin ratioReturn relative to average drawdown | 5.80 | -0.57 | +6.37 |
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Drawdowns
EIS vs. NVOH - Drawdown Comparison
The maximum EIS drawdown since its inception was -51.94%, smaller than the maximum NVOH drawdown of -61.60%. Use the drawdown chart below to compare losses from any high point for EIS and NVOH.
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Drawdown Indicators
| EIS | NVOH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.94% | -61.60% | +9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -46.22% | +32.32% |
Max Drawdown (3Y)Largest decline over 3 years | -24.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.88% | — | — |
Current DrawdownCurrent decline from peak | -12.37% | -45.12% | +32.75% |
Average DrawdownAverage peak-to-trough decline | -13.88% | -39.05% | +25.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.93% | 29.81% | -24.88% |
Volatility
EIS vs. NVOH - Volatility Comparison
The current volatility for iShares MSCI Israel ETF (EIS) is 6.98%, while Novo Nordisk A/S (B Shares) ADRhedged ETF (NVOH) has a volatility of 9.21%. This indicates that EIS experiences smaller price fluctuations and is considered to be less risky than NVOH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EIS | NVOH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 9.21% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 18.46% | 35.79% | -17.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.12% | 49.29% | -26.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 48.04% | -25.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.26% | 48.04% | -26.78% |
EIS vs. NVOH - Expense Ratio Comparison
EIS has a 0.59% expense ratio, which is higher than NVOH's 0.19% expense ratio.
Dividends
EIS vs. NVOH - Dividend Comparison
EIS's dividend yield for the trailing twelve months is around 1.55%, less than NVOH's 6.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIS iShares MSCI Israel ETF | 1.55% | 1.44% | 1.38% | 1.39% | 1.66% | 1.04% | 0.16% | 2.06% | 0.87% | 2.02% | 1.78% | 2.55% |
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF | 6.20% | 2.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EIS and NVOH have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVOH has higher volatility (9.21%) compared to EIS (6.98%). In terms of maximum drawdown, EIS dropped -51.94% vs NVOH's -61.60%.
On 1-year performance, EIS leads with 28.55% vs -16.84% for NVOH. On fees, NVOH is cheaper at 0.19% per year. On volatility, EIS has been the lower-risk option at 6.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EIS has performed better with a 28.55% return vs -16.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NVOH is cheaper with a 0.19% expense ratio, compared with 0.59% for EIS.
NVOH has the higher dividend yield at 6.20%, compared with 1.55% for EIS.
They also come from different issuers: iShares and Precidian. Their fees differ too: 0.59% for EIS and 0.19% for NVOH.
EIS currently has the higher Sharpe Ratio (1.24 vs -0.34), 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.
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