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 32.06% vs -22.77% for NVOH. At a 0.17 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 9.55% return, which is significantly higher than NVOH's -0.97% return.
EIS
- 1D
- -0.48%
- 1M
- -12.15%
- YTD
- 9.55%
- 6M
- 7.17%
- 1Y
- 32.06%
- 3Y*
- 32.31%
- 5Y*
- 12.97%
- 10Y*
- 11.88%
NVOH
- 1D
- 0.00%
- 1M
- 9.60%
- YTD
- -0.97%
- 6M
- -3.24%
- 1Y
- -22.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EIS vs. NVOH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EIS iShares MSCI Israel ETF | 9.55% | 43.06% |
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF | -0.97% | -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 | 0.17 |
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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 | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.95 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | -0.49 | +3.03 |
| Martin ratioReturn relative to average drawdown | 7.82 | -0.78 | +8.60 |
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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 | -12.69% | -46.22% | +33.53% |
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 | -12.46% | -47.89% | +35.43% |
Average DrawdownAverage peak-to-trough decline | -13.89% | -38.76% | +24.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 29.21% | -25.10% |
Volatility
EIS vs. NVOH - Volatility Comparison
The current volatility for iShares MSCI Israel ETF (EIS) is 9.66%, while Novo Nordisk A/S (B Shares) ADRhedged ETF (NVOH) has a volatility of 11.15%. 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 | 9.66% | 11.15% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 18.14% | 36.97% | -18.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.14% | 49.38% | -26.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.18% | 48.74% | -26.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 48.74% | -27.51% |
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 6.53% 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 | 6.53% | 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 (11.15%) compared to EIS (9.66%). In terms of maximum drawdown, EIS dropped -51.94% vs NVOH's -61.60%.
On 1-year performance, EIS leads with 32.06% vs -22.77% for NVOH. On fees, NVOH is cheaper at 0.19% per year. On volatility, EIS has been the lower-risk option at 9.66%. 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 32.06% return vs -22.77%. 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 6.53%, 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 (1.39 vs -0.47), 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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