NVOH vs. COMT

Last updated Jul 17, 2026

NVOH (Novo Nordisk A/S (B Shares) ADRhedged ETF) and COMT (iShares GSCI Commodity Dynamic Roll Strategy ETF) are both exchange-traded funds - NVOH is a Foreign Large Cap Equities fund actively managed by Precidian, while COMT is a Commodities fund tracking the S&P GSCI Dynamic Roll (USD) Total Return Index. NVOH is actively managed, while COMT is passively managed. Over the past year, NVOH returned -17.09% vs 33.20% for COMT. At a correlation of -0.08, they often move in opposite directions. NVOH charges 0.19%/yr vs 0.48%/yr for COMT.

Performance

NVOH vs. COMT - 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 iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVOH achieves a 6.37% return, which is significantly lower than COMT's 30.19% return.

NVOH

• 1D: 1.97%
• 1M: 19.17%
• 6M: -5.92%
• YTD: 6.37%
• 1Y: -17.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COMT

• 1D: -0.49%
• 1M: 2.53%
• 6M: 26.18%
• YTD: 30.19%
• 1Y: 33.20%
• 3Y*: 12.71%
• 5Y*: 11.75%
• 10Y*: 8.33%

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

NVOH vs. COMT - Yearly Performance Comparison

	2026 (YTD)	2025
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	6.37%	-43.79%
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	30.19%	5.00%

Correlation

The correlation between NVOH and COMT is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Jan 7, 2025	-0.08

Return for Risk

NVOH vs. COMT — Risk / Return Rank

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

NVOH

NVOH Risk / Return Rank: 7
NVOH Sharpe Ratio Rank: 6
NVOH Sortino Ratio Rank: 7
NVOH Omega Ratio Rank: 7
NVOH Calmar Ratio Rank: 6
NVOH Martin Ratio Rank: 7

COMT

COMT Risk / Return Rank: 52
COMT Sharpe Ratio Rank: 57
COMT Sortino Ratio Rank: 55
COMT Omega Ratio Rank: 54
COMT Calmar Ratio Rank: 45
COMT Martin Ratio Rank: 47

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. COMT - 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 iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT). 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	COMT	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	1.55	-1.90
Sortino ratio: Return per unit of downside risk	-0.16	2.13	-2.29
Omega ratio: Gain probability vs. loss probability	0.98	1.27	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.37	1.90	-2.27
Martin ratio: Return relative to average drawdown	-0.58	6.35	-6.92

NVOH vs. COMT - Sharpe Ratio Comparison

The current NVOH Sharpe Ratio is -0.35, which is lower than the COMT Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of NVOH and COMT, 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. COMT - Drawdown Comparison

The maximum NVOH drawdown since its inception was -61.60%, which is greater than COMT's maximum drawdown of -51.89%. Use the drawdown chart below to compare losses from any high point for NVOH and COMT.

Drawdown Indicators

	NVOH	COMT	Difference
Max Drawdown Largest peak-to-trough decline	-61.60%	-51.89%	-9.71%
Max Drawdown (1Y) Largest decline over 1 year	-46.22%	-17.57%	-28.65%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.22%	—
Current Drawdown Current decline from peak	-44.02%	-11.28%	-32.74%
Average Drawdown Average peak-to-trough decline	-39.03%	-23.95%	-15.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.77%	5.24%	+24.53%

Volatility

NVOH vs. COMT - Volatility Comparison

Novo Nordisk A/S (B Shares) ADRhedged ETF (NVOH) has a higher volatility of 8.90% compared to iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) at 5.91%. This indicates that NVOH's price experiences larger fluctuations and is considered to be riskier than COMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVOH	COMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.90%	5.91%	+2.99%
Volatility (6M) Calculated over the trailing 6-month period	35.88%	19.67%	+16.21%
Volatility (1Y) Calculated over the trailing 1-year period	49.26%	21.54%	+27.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.07%	21.20%	+26.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.07%	18.85%	+29.22%

NVOH vs. COMT - Expense Ratio Comparison

NVOH has a 0.19% expense ratio, which is lower than COMT's 0.48% expense ratio.

Dividends

NVOH vs. COMT - Dividend Comparison

NVOH's dividend yield for the trailing twelve months is around 6.08%, more than COMT's 5.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF	5.95%	7.74%	4.90%	5.19%	29.79%	17.79%	0.36%	2.61%	11.65%	5.16%	0.52%	1.44%
NVOH Novo Nordisk A/S (B Shares) ADRhedged ETF	6.08%	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

Can I hold both NVOH and COMT in my portfolio?

NVOH and COMT have a correlation of -0.10, 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 COMT?

NVOH has higher volatility (8.90%) compared to COMT (5.91%). In terms of maximum drawdown, NVOH dropped -61.60% vs COMT's -51.89%.

Which ETF is better, NVOH or COMT?

On 1-year performance, COMT leads with 33.20% vs -17.09% for NVOH. On fees, NVOH is cheaper at 0.19% per year. On volatility, COMT has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVOH or COMT?

Over the 1-year period, COMT has performed better with a 33.20% return vs -17.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVOH or COMT?

NVOH is cheaper with a 0.19% expense ratio, compared with 0.48% for COMT.

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

NVOH has the higher dividend yield at 6.08%, compared with 5.95% for COMT.

What is the main difference between NVOH and COMT?

NVOH is categorized as Foreign Large Cap Equities, while COMT is Commodities. They also come from different issuers: Precidian and iShares. Their fees differ too: 0.19% for NVOH and 0.48% for COMT.

Which has better risk-adjusted returns?

COMT currently has the higher Sharpe Ratio (1.55 vs -0.35), 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.