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Launched · SEC filings

Novo Nordisk A/S (B Shares) ADRhedged

NVOHNYSE ArcaADRhedgedC

$24.08+1.44 (+6.37%)

As of Nov 4, 2026, 12:10 PM ET

C40/ 100

Rank 4 of 9 in Currency-Hedged Funds

C40/100Rank 4 of 9inCurrency-Hedged Funds
Intraday session: up, 33 prints from 22.64 to 24.08. Range 22.64 to 24.08. Use the arrow keys to read each point.23.0023.2523.5023.7510 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$4M
1Y total return
−11.5%
Yield · Last 12 months
6.89%
Holdings
2
Avg volume · 30D
1.4K sh
52W range
low $19.00high $34.36
Launched
Filings
SEC EDGAR

The ETF.net NVOH Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Currency-Hedged Funds⁠
Rank
4 of 9
Six-pillar profile for NVOH. Scores out of 100: Cost 59, Risk 21, Mission not scored, Tradability 29, Holdings 47, Durability 69. Strongest: Durability (69). Weakest: Risk (21). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C 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
45
This cap took
−5
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B59 out of 100
    Rank 1 of 9

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F21 out of 100
    Rank 8 of 9

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D29 out of 100
    Rank 8 of 9

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C47 out of 100
    Rank 7 of 8

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B69 out of 100
    Rank 2 of 9

Our read on NVOH

ETF.net Research

In short

COne 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.

Stated mandate

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 Performance

Launched Jan 2, 2025

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$8,852
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,158
Nov 3, 2025 to Nov 3, 2026. NVOH $8,852. SPY $11,158. Use the arrow keys to read each point.$8,000$10,000$12,000Nov 2025May 2026Nov 2026

Nov 3, 2025 – Nov 3, 2026

Returns run to the Nov 3, 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.

Trailing total return for NVOH. Periods over one year show the average yearly return.
PeriodNVOH
Year to date−13.6%
1 month+7.9%
3 months−12.8%
1 year−11.5%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NVOH
YearReturn barNVOH
2026 YTD−13.6%
2025−43.0%

History from Jan 7, 2025

NVOH in the news

NVOH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 3, 2026.
6.89%Last 12 months
Payout per share
$1.56Last 12 months
Last payment
$0.03 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 5 payments from 2025 to 2026 YTD. Sep 16, 2025 $0.17; Dec 16, 2025 $0.49; Mar 16, 2026 $0.28; Jun 16, 2026 $0.77; Sep 16, 2026 $0.03. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 16, 2026Sep 23, 2026$0.03
Jun 16, 2026Jun 23, 2026$0.77
Mar 16, 2026Mar 23, 2026$0.28
Dec 16, 2025Dec 24, 2025$0.49
Sep 16, 2025Sep 23, 2025$0.17

$10,000 in NVOH 1 year ago paid $577 in dividends.

NVOH Risk

Risk pillarF21 out of 100Rank 8 of 9 in Currency-Hedged Funds
How much the fund’s monthly returns vary, scaled to a year.
48.9%
Annualised · 21 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.64
vs 3-month T-bills · 21 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−61.6%
21 months · trough Mar 2026
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.

How strongly the fund’s returns move with its asset-class index.
1.40
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

NVOH Cost

Tied cheapest in Currency-Hedged Funds

$3,952

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NVOH 0.19%

    $3,952

$10,000
30 years

Cost over time

  • NVOH 0.19%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530NVOH $3,952

Year by year

YearNVOH
10$347
20$1,351
30$3,952

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