Precidian ETFs Trust - Novo Nordisk A/S (B Shares) ADRhedged
$21.49−0.23 (−1.08%)
- 0.19%
- $4M
- −25.7%
- 7.18%
- 0M sh
- $21.83
- low $19.00high $34.36
The ETF.net NVOH Grade
D
Score 38 out of 100
- 8 of 9
Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 39
- This cap took
- −0
- Published Score
- 38
Cost
The fund’s net expense ratio, ranked against its category.B55 out of 100Rank 2 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F16 out of 100Rank 8 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D29 out of 100Rank 7 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D32 out of 100Rank 8 of 8Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B58 out of 100Rank 4 of 9
Our read on NVOH
DOne stock, one hedge. NVOH holds Novo Nordisk's ADR with an embedded currency contract, so the result leans on the company rather than the dollar-versus-krone tape. No basket, no diversification, just narrower exposure.
The fund is designed to provide focused exposure to Novo Nordisk A/S through an ADR while using an integrated currency hedge intended to mitigate foreign-exchange risk.
Why people hold it
- Owning a foreign ADR normally bundles in a currency bet. Here an embedded contract is designed to mitigate dollar versus local-currency moves, leaving the company as the main driver.
- 0.19% expense ratio, level with the currency-hedged cohort median and with the rest of the ADRhedged shelf (HSBH, STHH, BPH).
- A registered 1940 Act fund, not a bank-issued note, and it pays on a quarterly cadence.
Worth knowing
- Non-diversified by design: one company's ADR plus the hedge. Trial results, patent news or a guidance change land with full force.
- The hedge cuts both ways. A weaker dollar against the local currency won't lift results the way it can in a plain unhedged ADR.
- A 2025 launch with a small asset base and light trading, so spreads can run wider than in large, heavily traded ETFs.
NVOH Holdings
- Stocks
- 2
- 100%
- NVO
Geography
- Denmark100.00%
Developed 100% · Emerging 0%
NVOH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
NVOH$7,434
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NVOH |
|---|---|
| Year to date | −17.0% |
| 1 month | −7.1% |
| 3 months | −19.1% |
| 1 year | −25.7% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NVOH |
|---|---|---|
| 2026 YTD | −17.0% | |
| 2025 | −43.0% |
NVOH in the news
NVOH Dividends
- 7.18%
- $1.56
- $0.03 per share
- Quarterly
Distribution history
NVOH Risk
- 49.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.74
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −61.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.40
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NVOH Cost
0.19%
NVOH0.19%
- The middle half of Currency-Hedged Funds funds
- Median 0.19%
1 of the 9 Currency-Hedged Funds funds charge less.
Other funds in Currency-Hedged Funds
- CHSBHHSBC Holdings plc ADRhedgedExpense ratio 0.19%1 year return +48.1%
- CSHEHShell plc ADRhedgedExpense ratio 0.20%1 year return +46.2%
- CSTHHSTMicroelectronics NV ADRhedgedExpense ratio 0.19%1 year return +98.5%
- CTMHToyota Motor Corporation ADRhedgedExpense ratio 0.19%1 year return +8.2%
- DSAPHSAP SE ADRhedgedExpense ratio 0.19%1 year return −11.8%