NVOH vs. BPH
NVOH (Novo Nordisk A/S (B Shares) ADRhedged ETF) and BPH (BP p.l.c. ADRhedged ETF) are both exchange-traded funds - NVOH is a Foreign Large Cap Equities fund actively managed by Precidian, while BPH is a Oil & Gas fund actively managed by Precidian. Both are actively managed. At a correlation of -0.89, they often move in opposite directions. Both charge a 0.19% expense ratio.
Performance
NVOH vs. BPH - Performance Comparison
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Returns By Period
NVOH
- 1D
- -1.79%
- 1M
- -4.21%
- YTD
- -13.62%
- 6M
- -7.70%
- 1Y
- -37.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BPH
- 1D
- 1.20%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVOH vs. BPH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF | -4.41% |
BPH BP p.l.c. ADRhedged ETF | 2.83% |
Correlation
The correlation between NVOH and BPH is -0.89, 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 27, 2026 | -0.89 |
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Return for Risk
NVOH vs. BPH — Risk / Return Rank
NVOH
BPH
NVOH vs. BPH - 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 BP p.l.c. ADRhedged ETF (BPH). 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 | BPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.87 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | — | — |
| Martin ratioReturn relative to average drawdown | -1.04 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVOH | BPH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.76 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.81 | 9.48 | -10.29 |
Drawdowns
NVOH vs. BPH - Drawdown Comparison
The maximum NVOH drawdown since its inception was -61.60%, which is greater than BPH's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for NVOH and BPH.
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Drawdown Indicators
| NVOH | BPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.60% | -2.35% | -59.25% |
Max Drawdown (1Y)Largest decline over 1 year | -53.00% | — | — |
Current DrawdownCurrent decline from peak | -54.54% | 0.00% | -54.54% |
Average DrawdownAverage peak-to-trough decline | -38.30% | -1.08% | -37.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.09% | — | — |
Volatility
NVOH vs. BPH - Volatility Comparison
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Volatility by Period
| NVOH | BPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 36.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 49.40% | 25.75% | +23.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.04% | 25.75% | +23.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.04% | 25.75% | +23.29% |
NVOH vs. BPH - Expense Ratio Comparison
Both NVOH and BPH 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. BPH - Dividend Comparison
NVOH's dividend yield for the trailing twelve months is around 3.97%, while BPH has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
BPH BP p.l.c. ADRhedged ETF | 0.00% | 0.00% |
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF | 3.97% | 2.38% |
Frequently Asked Questions
NVOH and BPH have a correlation of -0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NVOH and BPH have the same expense ratio: 0.19% per year.
NVOH has the higher dividend yield at 3.97%, compared with 0.00% for BPH.
NVOH is categorized as Foreign Large Cap Equities, while BPH is Oil & Gas.
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