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NVOH

GradeCNew York Stock Exchange Arca

Precidian ETFs Trust - Novo Nordisk A/S (B Shares) ADRhedged

Multi-Asset & Alternatives · ADR hedged · Inception 2025-01-02

$21.43−0.39 (−1.76%)

As of Sep 23, 2026, 1:06 PM EDT

History starts Jan 7, 2025.
Intraday session: down, 7 prints from 21.82 to 21.43. Range 21.36 to 21.82. Use the arrow keys to read each point.$21.50$21.60$21.70$21.8010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$4M
1Y return
−28.7%
Yield · Last 12 months
7.15%
Volume · 30D
0M sh
NAV per share
$23.69
52W range
low $19.00high $34.36

The ETF.net NVOH Grade

C

40/ 100

Rank 6 of 9 in Currency-Hedged Funds⁠

Confidence Medium

Six-pillar profile for NVOH. Scores out of 100: Cost 55, Risk 16, Mission not scored, Tradability 36, Holdings 38, Durability 63. Strongest: Durability (63). Weakest: Risk (16). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned42This cap took−2Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 55
    Category rank4/9 · top 44%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 16
    Category rank8/9 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 36
    Category rank6/9 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 38
    Category rank6/8 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 63
    Category rank3/9 · top 33%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on NVOH

ETF.net Research

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

  1. 01Owning 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.
  2. 020.19% expense ratio, level with the currency-hedged cohort median and with the rest of the ADRhedged shelf (HSBH, STHH, BPH).
  3. 03A registered 1940 Act fund, not a bank-issued note, and it pays on a quarterly cadence.

Worth knowing

  1. 01Non-diversified by design: one company's ADR plus the hedge. Trial results, patent news or a guidance change land with full force.
  2. 02The hedge cuts both ways. A weaker dollar against the local currency won't lift results the way it can in a plain unhedged ADR.
  3. 03A 2025 launch with a small asset base and light trading, so spreads can run wider than in large, heavily traded ETFs.

NVOH Holdings

As of Sep 20, 2026, 10:31 PM
Asset class
Stocks
Holdings
—
Top-10 weight
100%
Largest holding
NVO96.8%

Geography

  • Denmark100.00%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVONovo Nordisk A/S (B Shares)96.84%89,527$4M35
002—Cash (US$)3.16%0$126K10

Showing 1–2 of 2 holdings

NVOH Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

NVOH$7,127
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. NVOH $7,127. SPY $11,723. Use the arrow keys to read each point.$5,816$9,009$12,202Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−16.7%
1 month−13.4%
3 months−12.8%
1 year−28.7%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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−16.7%
2025−43.0%

History from Jan 7, 2025

NVOH in the news

ETF.net Research hasn’t filed on NVOH yet — coverage lands here as it’s written.

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 Sep 22, 2026.
7.15%Last 12 months
Payout per share
$1.56Last 12 months
Upcoming payment
$0.03 per share
Pays 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, 2026Pays Sep 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

NVOH Risk

How much the fund’s monthly returns vary, scaled to a year.
50.2%
Annualised · 19 months to Aug 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.
−0.59
vs 3-month T-bills · 19 months to Aug 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%
20 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.

NVOH Cost

Expense ratio0.19%
  • The middle half of Currency-Hedged Funds funds
  • Median 0.19%

1 of the 9 Currency-Hedged Funds funds charge less.

NVOH costs $19.00 a year on $10,000. The median Currency-Hedged Funds fund costs $19.00.