NVOH vs MRNX
Comparison between NOVO NORDISK A/S (B SHARES) ADRHEDGED (NVOH, ETF) and DEFIANCE DAILY TARGET 2X ETF (MRNX, ETF).
NVOH vs MRNX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NVOH
$4.20M
Winner
MRNX
$4.30M
Expense Ratio
NVOH
0.19%
MRNX
N/A
Max Drawdown
NVOH
62.97%
Winner
MRNX
58.57%
Sharpe Ratio
NVOH
-0.36
Winner
MRNX
0.89
5Y Beta
Winner
NVOH
0.92
MRNX
3.38
P/E Ratio
NVOH
11.24
MRNX
N/A
Forward P/E
NVOH
14.68
MRNX
N/A
PEG Ratio
NVOH
0.42
MRNX
N/A
5Y EPS CAGR
NVOH
24.26%
MRNX
N/A
Debt to Equity
NVOH
72.09%
MRNX
N/A
P/S Ratio
NVOH
0.65
MRNX
N/A
P/B Ratio
NVOH
7.08
MRNX
N/A
NVOH vs MRNX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NVOH
+2.72%
MRNX
-25.93%
3M
Winner
NVOH
+21.77%
MRNX
-6.85%
6M
NVOH
-15.88%
Winner
MRNX
+16.91%
1Y
NVOH
-24.03%
MRNX
N/A
Max(CAGR)
NVOH
-29.75%
Winner
MRNX
+39.88%
NVOH vs MRNX - Annual Returns (2025 - 2026)
Returns include dividend reinvestment.
| Year | NVOH | MRNX |
|---|---|---|
| 2026 | -1.19% | +16.91% |
| 2025 | -42.96% | N/A |
NVOH vs MRNX Drawdown Comparison
The maximum drawdown for NVOH was -61.59%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The maximum drawdown for MRNX was -58.57%, occurring on Jul 24, 2026. This drawdown has not yet recovered.
The current NVOH drawdown is -46.44%. The current MRNX drawdown is -58.57%.
| Rank | NVOH | MRNX |
|---|---|---|
| #1 | -61.59% Feb 28, 2025 - Mar 27, 2026 | -58.57% Jul 6, 2026 - Jul 24, 2026 |
| #2 | -11.28% Jan 10, 2025 - Feb 24, 2025 | -45.00% Mar 4, 2026 - Jun 18, 2026 |
| #3 | -1.12% Feb 24, 2025 - Feb 28, 2025 | -14.06% Jun 18, 2026 - Jun 26, 2026 |
| #4 | N/A | -13.64% Feb 27, 2026 - Mar 4, 2026 |
| #5 | N/A | -12.79% Feb 4, 2026 - Feb 17, 2026 |
Correlation
Correlation between NVOH and MRNX is 0.14 which considered as a very weak or no correlation - the stocks move independently of each other.
0.14
-101
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