IVV vs NVOH
iShares Core S&P 500 ETF vs Novo Nordisk A/S (B Shares) ADRhedged
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | NVOH | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.19% | |
| AUM | $865.2B | $4M | |
| Dividend Yield | 1.09% | 7.24% | |
| Holdings | 508 | 2 | |
| YTD Return | +13.72% | -6.89% | |
| 1Y Return | +21.64% | -0.47% | |
| 3Y Return (annualized) | +21.55% | - | |
| 5Y Return (annualized) | +13.27% | - | |
| Volatility (annualized) | 15.1% | 50.2% | |
| Max Drawdown | -56.5% | -61.6% | |
| Fund Family | iShares by BlackRock (US) | ADRH | |
| Category | Equity | Alternative | |
| Inception | May 15, 2000 | Jan 2, 2025 |
IVV vs NVOH Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Novo Nordisk A/S (B Shares) ADRhedged (NVOH) is a ETF from ADRH. Over the past year IVV returned +21.64% while NVOH returned -0.47%. Year to date, IVV is up 13.72% versus a loss of 6.89% for NVOH.
Risk: Volatility and Drawdowns
NVOH has been the more volatile fund, with annualized monthly volatility of 50.2% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -61.6% for NVOH. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while NVOH charges 0.19%. On a $10,000 position that is $3 vs $19 annually, a gap of $16 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 7.24% for NVOH.
Holdings Overlap
IVV and NVOH share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or NVOH?
IVV has an expense ratio of 0.03% while NVOH charges 0.19%. IVV is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, IVV or NVOH?
Over the past year IVV returned +21.64% vs -0.47% for NVOH, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +7.04% vs -31.55% for NVOH. Past performance does not guarantee future results.
Which is riskier, IVV or NVOH?
NVOH has been the more volatile fund at 50.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs NVOH -61.6%.
Should I hold both IVV and NVOH?
IVV and NVOH have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and NVOH?
IVV and NVOH share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or NVOH?
IVV yields 1.09% while NVOH yields 7.24%, so NVOH currently pays the higher dividend yield.
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