NVOH vs. ARMH

Last updated Jun 3, 2026

NVOH (Novo Nordisk A/S (B Shares) ADRhedged ETF) and ARMH (Arm Holdings PLC ADRhedged ETF) are both exchange-traded funds - NVOH is a Foreign Large Cap Equities fund actively managed by Precidian, while ARMH is a Technology Equities fund actively managed by Precidian. Both are actively managed. At a correlation of -0.50, they often move in opposite directions. Both charge a 0.19% expense ratio.

Performance

NVOH vs. ARMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Novo Nordisk A/S (B Shares) ADRhedged ETF (NVOH) and Arm Holdings PLC ADRhedged ETF (ARMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NVOH

• 1D: -2.32%
• 1M: -0.85%
• YTD: -12.05%
• 6M: -6.54%
• 1Y: -37.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMH

• 1D: -1.61%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVOH vs. ARMH - Yearly Performance Comparison

	2026 (YTD)
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	-5.21%
ARMH Arm Holdings PLC ADRhedged ETF	19.57%

Correlation

The correlation between NVOH and ARMH is -0.50, 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	-0.50

Return for Risk

NVOH vs. ARMH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVOH

NVOH Risk / Return Rank: 3
NVOH Sharpe Ratio Rank: 3
NVOH Sortino Ratio Rank: 3
NVOH Omega Ratio Rank: 2
NVOH Calmar Ratio Rank: 3
NVOH Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVOH vs. ARMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Novo Nordisk A/S (B Shares) ADRhedged ETF (NVOH) and Arm Holdings PLC ADRhedged ETF (ARMH). 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.

	NVOH	ARMH	Difference
Sharpe ratio Return per unit of total volatility	-0.77	—	—
Sortino ratio Return per unit of downside risk	-0.89	—	—
Omega ratio Gain probability vs. loss probability	0.87	—	—
Calmar ratio Return relative to maximum drawdown	-0.70	—	—
Martin ratio Return relative to average drawdown	-1.03	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NVOH	ARMH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.80	3,027,052.54	-3,027,053.34

Drawdowns

NVOH vs. ARMH - Drawdown Comparison

The maximum NVOH drawdown since its inception was -61.60%, which is greater than ARMH's maximum drawdown of -1.61%. Use the drawdown chart below to compare losses from any high point for NVOH and ARMH.

Drawdown Indicators

	NVOH	ARMH	Difference
Max Drawdown Largest peak-to-trough decline	-61.60%	-1.61%	-59.99%
Max Drawdown (1Y) Largest decline over 1 year	-53.00%	—	—
Current Drawdown Current decline from peak	-53.72%	-1.61%	-52.11%
Average Drawdown Average peak-to-trough decline	-38.26%	-0.54%	-37.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.98%	—	—

Volatility

Volatility by Period

	NVOH	ARMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	49.39%	134.17%	-84.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.09%	134.17%	-85.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.09%	134.17%	-85.08%

NVOH vs. ARMH - Expense Ratio Comparison

Both NVOH and ARMH 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

NVOH vs. ARMH - Dividend Comparison

NVOH's dividend yield for the trailing twelve months is around 3.90%, while ARMH has not paid dividends to shareholders.

Position	TTM	2025
ARMH Arm Holdings PLC ADRhedged ETF	0.00%	0.00%
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	3.90%	2.38%

Frequently Asked Questions

Can I hold both NVOH and ARMH in my portfolio?

NVOH and ARMH have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVOH or ARMH?

Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVOH or ARMH?

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

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

NVOH has the higher dividend yield at 3.90%, compared with 0.00% for ARMH.

What is the main difference between NVOH and ARMH?

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