NVOH ETF — Novo Nordisk A/S (B Shares) ADRhedged

Novo Nordisk A/S (B Shares) ADRhedged (NVOH)

Updated October 16, 2026.

NVOH is a low-cost ETF. its distribution rate is 0.55%, its trailing-12-month yield is 7.16%, its expense ratio is 0.19%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -52.5% over the past 1.8 years, 84.7 points behind SPY at 32.2%.

This ETF tracks American Depositary Receipts of Novo Nordisk A/S (B Shares), a Danish pharmaceutical company, with at least 95% of assets invested in the underlying ADRs. The fund carries a modest current distribution rate and distributes quarterly, with a low expense ratio of 0.19%. It appeals to income-focused equity investors seeking exposure to a major international pharmaceutical producer.

NVOH performance versus SPY

Price and return data through 2026-10-16.

Total return is -52.5% over the past 1.8 years, 84.7 points behind SPY at 32.2%. Over the past year its total return — price change plus distributions reinvested — is -23.8%. Its deepest 1-year drawdown was 40.9%.

NVOH key facts

Distribution Safety Score™

50 · Unproven

Issuer

Precidian

Asset type

ETF

Asset class

Equity

Inception date

01/06/2025

Expense ratio

0.19%

Distribution rate

0.55%

Distribution frequency

Quarterly

Trailing yield

7.16%

Last close

$21.80 (as of 2026-10-16)

AUM

$3,711,194

Average volume

518.0

Dividend

$0.03

Ex-dividend date

09/16/2026

Payment date

09/23/2026

How Dividend Vision calculates yield and returns

Distribution rate (0.55%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (7.16%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Precidian; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NVOH risks and drawbacks

NVOH's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 40.9%.

Who may consider NVOH — and who may not

NVOH may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (NVOH pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on NVOH

• All tickers starting with N

Frequently asked questions

More securities from Precidian.