NVOH vs QQQ
Novo Nordisk A/S (B Shares) ADRhedged vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | NVOH | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.18% | |
| AUM | $4M | $496.3B | |
| Dividend Yield | 7.24% | 0.44% | |
| Holdings | 2 | 108 | |
| YTD Return | -7.57% | +16.23% | |
| 1Y Return | -10.18% | +26.23% | |
| 3Y Return (annualized) | - | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 50.2% | 30.6% | |
| Max Drawdown | -61.6% | -83.0% | |
| Fund Family | ADRH | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 2, 2025 | Mar 10, 1999 |
NVOH vs QQQ Performance
Novo Nordisk A/S (B Shares) ADRhedged (NVOH) is a ETF from ADRH and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NVOH returned -10.18% while QQQ returned +26.23%. Year to date, NVOH is down 7.57% versus a gain of 16.23% for QQQ.
Risk: Volatility and Drawdowns
NVOH has been the more volatile fund, with annualized monthly volatility of 50.2% compared with 30.6% for QQQ. 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 -61.6% for NVOH and -83.0% for QQQ. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NVOH charges 0.19% per year while QQQ charges 0.18%. On a $10,000 position that is $19 vs $18 annually, a gap of $1 per year that compounds over a long holding period. On income, NVOH currently yields 7.24% against 0.44% for QQQ.
Holdings Overlap
NVOH and QQQ share 0 holdings out of 104 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, NVOH or QQQ?
NVOH has an expense ratio of 0.19% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, NVOH or QQQ?
Over the past year NVOH returned -10.18% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), NVOH annualized -31.51% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, NVOH or QQQ?
NVOH has been the more volatile fund at 50.2% annualized versus 30.6% for QQQ. Worst drawdown: NVOH -61.6% vs QQQ -83.0%.
Should I hold both NVOH and QQQ?
NVOH and QQQ have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NVOH and QQQ?
NVOH and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, NVOH or QQQ?
NVOH yields 7.24% while QQQ yields 0.44%, so NVOH currently pays the higher dividend yield.
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