NVOH vs SPY
NVOH vs SPY
Novo Nordisk A/S (B Shares) ADRhedged vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | NVOH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.19% | 0.09% | |
| AUM | $4M | $789.1B | |
| Dividend Yield | 7.24% | 1.01% | |
| Holdings | 2 | 505 | |
| YTD Return | -5.90% | +13.79% | |
| 1Y Return | +2.52% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 50.2% | 15.3% | |
| Max Drawdown | -61.6% | -56.5% | |
| Fund Family | ADRH | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jan 2, 2025 | Jan 22, 1993 |
NVOH vs SPY Performance
Novo Nordisk A/S (B Shares) ADRhedged (NVOH) is a ETF from ADRH and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NVOH returned +2.52% while SPY returned +23.66%. Year to date, NVOH is down 5.90% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
NVOH has been the more volatile fund, with annualized monthly volatility of 50.2% compared with 15.3% for SPY. 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 -56.5% for SPY. 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
NVOH charges 0.19% per year while SPY charges 0.09%. On a $10,000 position that is $19 vs $9 annually, a gap of $10 per year that compounds over a long holding period. On income, NVOH currently yields 7.24% against 1.01% for SPY.
Holdings Overlap
NVOH and SPY share 0 holdings out of 504 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 SPY?
NVOH has an expense ratio of 0.19% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, NVOH or SPY?
Over the past year NVOH returned +2.52% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), NVOH annualized -31.32% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, NVOH or SPY?
NVOH has been the more volatile fund at 50.2% annualized versus 15.3% for SPY. Worst drawdown: NVOH -61.6% vs SPY -56.5%.
Should I hold both NVOH and SPY?
NVOH and SPY 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 NVOH and SPY?
NVOH and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, NVOH or SPY?
NVOH yields 7.24% while SPY yields 1.01%, so NVOH currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.