NVOH vs. BPH

Last updated Aug 2, 2026

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 Energy Equities fund actively managed by Precidian. Both are actively managed. Their -0.34 correlation means they have often moved in opposite directions in the past. Both charge a 0.19% expense ratio.

Performance

NVOH vs. BPH - 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 BP p.l.c. ADRhedged ETF (BPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NVOH

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

BPH

• 1D: 2.00%
• 1M: 18.84%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
BPH BP p.l.c. ADRhedged ETF	$53.46K	$52.99K	$51.54K
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	$40.92K	$41.70K	$51.17K

NVOH vs. BPH - Yearly Performance Comparison

	2026 (YTD)
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	5.46%
BPH BP p.l.c. ADRhedged ETF	5.67%

Correlation

The correlation between NVOH and BPH is -0.34, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	-0.34

Return for Risk

NVOH vs. BPH — 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

BPH

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. 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.

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	BPH	Difference
Sharpe ratio: Return per unit of total volatility	0.09	—	—
Sortino ratio: Return per unit of downside risk	0.43	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.09	—	—
Martin ratio: Return relative to average drawdown	0.17	—	—

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 -15.58%. Use the drawdown chart below to compare losses from any high point for NVOH and BPH.

Drawdown Indicators

	NVOH	BPH	Difference
Max Drawdown Largest peak-to-trough decline	-61.60%	-15.58%	-46.02%
Max Drawdown (1Y) Largest decline over 1 year	-40.93%	—	—
Current Drawdown Current decline from peak	-49.02%	0.00%	-49.02%
Average Drawdown Average peak-to-trough decline	-39.23%	-5.64%	-33.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.49%	—	—

Volatility

Volatility by Period

	NVOH	BPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	35.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	45.13%	28.58%	+16.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.99%	28.58%	+19.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.99%	28.58%	+19.41%

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 6.67%, more than BPH's 0.48% yield.

Position	TTM	2025
BPH BP p.l.c. ADRhedged ETF	0.48%	0.00%
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	6.67%	2.38%

Frequently Asked Questions

Can I hold both NVOH and BPH in my portfolio?

NVOH and BPH have a correlation of -0.34, 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 BPH?

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 BPH?

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

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

NVOH has the higher dividend yield at 6.67%, compared with 0.48% for BPH.

What is the main difference between NVOH and BPH?

NVOH is categorized as Foreign Large Cap Equities, while BPH is Energy Equities.