NVOH vs. ASMH

Last updated Aug 2, 2026

NVOH (Novo Nordisk A/S (B Shares) ADRhedged ETF) and ASMH (ASML Holding NV ADR Hedged ETF) are both exchange-traded funds - NVOH is a Foreign Large Cap Equities fund actively managed by Precidian, while ASMH is a Technology Equities fund tracking the ASML Holding NV Sponsored ADR. NVOH is actively managed, while ASMH is passively managed. Over the past year, NVOH returned 2.68% vs 140.25% for ASMH. Their 0.14 correlation means their historical movements had little consistent relationship. Both charge a 0.19% expense ratio.

Performance

NVOH vs. ASMH - 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 ASML Holding NV ADR Hedged ETF (ASMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVOH achieves a -3.13% return, which is significantly lower than ASMH's 56.41% return.

NVOH

• 1D: -8.23%
• 1M: -7.20%
• 6M: -15.76%
• YTD: -3.13%
• 1Y: 2.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -32.27%

ASMH

• 1D: -1.25%
• 1M: -8.15%
• 6M: 18.92%
• YTD: 56.41%
• 1Y: 140.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 105.08%

*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	$131.16K	$380.41K	$302.79K
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	$40.92K	$41.70K	$51.17K

NVOH vs. ASMH - Yearly Performance Comparison

	2026 (YTD)	2025
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	-3.13%	-14.12%
ASMH ASML Holding NV ADR Hedged ETF	56.41%	59.22%

Correlation

The correlation between NVOH and ASMH is 0.14, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.14
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.14

Return for Risk

NVOH vs. ASMH — Risk / Return Rank

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

NVOH

NVOH Risk / Return Rank: 14
NVOH Sharpe Ratio Rank: 13
NVOH Sortino Ratio Rank: 15
NVOH Omega Ratio Rank: 16
NVOH Calmar Ratio Rank: 12
NVOH Martin Ratio Rank: 12

ASMH

ASMH Risk / Return Rank: 94
ASMH Sharpe Ratio Rank: 97
ASMH Sortino Ratio Rank: 93
ASMH Omega Ratio Rank: 91
ASMH Calmar Ratio Rank: 96
ASMH Martin Ratio Rank: 96

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.

NVOH vs. ASMH - 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 ASML Holding NV ADR Hedged ETF (ASMH). 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.

	NVOH	ASMH	Difference
Sharpe ratio: Return per unit of total volatility	0.09	3.14	-3.05
Sortino ratio: Return per unit of downside risk	0.43	3.53	-3.10
Omega ratio: Gain probability vs. loss probability	1.06	1.43	-0.37
Calmar ratio: Return relative to maximum drawdown	0.09	6.35	-6.26
Martin ratio: Return relative to average drawdown	0.17	23.29	-23.12

NVOH vs. ASMH - Sharpe Ratio Comparison

The current NVOH Sharpe Ratio is 0.09, which is lower than the ASMH Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of NVOH and ASMH, 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

NVOH vs. ASMH - Drawdown Comparison

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

Drawdown Indicators

	NVOH	ASMH	Difference
Max Drawdown Largest peak-to-trough decline	-61.60%	-21.52%	-40.08%
Max Drawdown (1Y) Largest decline over 1 year	-40.93%	-21.52%	-19.41%
Current Drawdown Current decline from peak	-49.02%	-18.35%	-30.67%
Average Drawdown Average peak-to-trough decline	-39.23%	-4.74%	-34.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.49%	5.86%	+16.63%

Volatility

NVOH vs. ASMH - Volatility Comparison

The current volatility for Novo Nordisk A/S (B Shares) ADRhedged ETF (NVOH) is 11.19%, while ASML Holding NV ADR Hedged ETF (ASMH) has a volatility of 13.75%. This indicates that NVOH experiences smaller price fluctuations and is considered to be less risky than ASMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVOH	ASMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.19%	13.75%	-2.56%
Volatility (6M) Calculated over the trailing 6-month period	35.13%	34.87%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	45.13%	43.72%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.99%	41.65%	+6.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.99%	41.65%	+6.34%

NVOH vs. ASMH - Expense Ratio Comparison

Both NVOH and ASMH 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. ASMH - Dividend Comparison

NVOH's dividend yield for the trailing twelve months is around 6.67%, more than ASMH's 1.96% yield.

Position	TTM	2025
ASMH ASML Holding NV ADR Hedged ETF	1.96%	0.19%
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	6.67%	2.38%

Frequently Asked Questions

Can I hold both NVOH and ASMH in my portfolio?

NVOH and ASMH have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVOH or ASMH?

ASMH has higher volatility (13.75%) compared to NVOH (11.19%). In terms of maximum drawdown, NVOH dropped -61.60% vs ASMH's -21.52%.

Which ETF is better, NVOH or ASMH?

On 1-year performance, ASMH leads with 140.25% vs 2.68% for NVOH. Both ETFs have the same 0.19% expense ratio. On volatility, NVOH has been the lower-risk option at 11.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVOH or ASMH?

Over the 1-year period, ASMH has performed better with a 140.25% return vs 2.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVOH or ASMH?

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

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

NVOH has the higher dividend yield at 6.67%, compared with 1.96% for ASMH.

What is the main difference between NVOH and ASMH?

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

Which has better risk-adjusted returns?

ASMH currently has the higher Sharpe Ratio (3.14 vs 0.09), 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.