Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NVDO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NVDO
NVDO charges 0.77% annually. There are 90 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | NVDO vs JANB | |
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | NVDO vs OCTB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | NVDO vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | NVDO vs APRB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | NVDO vs FBUF |
Best Risk-Adjusted Alternatives to NVDO
Among 249 ETFs in the Defined Outcome category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | NVDO vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 21.00M | Apr 2025 | NVDO vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | NVDO vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | NVDO vs ZAPR | |
| Calamos Russell 2000 Structured Alt Protection ETF... | 98 | 13.20M | Apr 2025 | NVDO vs CPRA |
Top Performing NVDO Alternatives (YTD)
NVDO is at 16.35% YTD. No ETFs in the Defined Outcome category have higher YTD returns; the top-performing alternatives shown here go as high as 13.84%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 13.84% | 2.87M | Jun 2025 | NVDO vs QB | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.73% | — | Jan 2025 | NVDO vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.09% | 214.27M | Mar 2020 | NVDO vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 11.91% | 566.25M | Mar 2021 | NVDO vs QMAR | |
| Innovator U.S. Equity Buffer ETF - April | 11.91% | 403.09M | Mar 2019 | NVDO vs BAPR |
Lowest Volatility Alternatives to NVDO
NVDO has 30.29% 1-year volatility. There are 301 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.18%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.18% | — | Mar 2025 | NVDO vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.33% | — | Apr 2025 | NVDO vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.40% | — | Apr 2025 | NVDO vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.40% | 21.00M | Apr 2025 | NVDO vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.44% | — | Mar 2025 | NVDO vs MMAX |
Lowest Drawdown Alternatives to NVDO
Among 250 ETFs in the Defined Outcome category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | NVDO vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 21.00M | Apr 2025 | NVDO vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | NVDO vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | NVDO vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | NVDO vs CPSM |
Other ETFs from Leverage Shares
The 10 most viewed Leverage Shares ETFs shown here include AMDG, TSMG, NVDG and span 1 categories. AUM among these funds goes as high as $90M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long AMD Daily ETF | Leveraged Equities | 86 | 230.68% | 27.10M | Jan 2025 | NVDO vs AMDG | |
| Leverage Shares 2X Long TSM Daily ETF | Leveraged Equities | 66 | 48.29% | 31.37M | Jan 2025 | NVDO vs TSMG | |
| Leverage Shares 2X Long NVDA Daily ETF | Leveraged Equities | 13 | -0.36% | — | Dec 2024 | NVDO vs NVDG | |
| Leverage Shares 2X Long ARM Daily ETF | Leveraged Equities | 29 | 190.00% | 53.21M | Jan 2025 | NVDO vs ARMG | |
| Leverage Shares 2X Long HOOD Daily ETF | Leveraged Equities | 6 | -60.99% | 50.42M | Mar 2025 | NVDO vs HOOG | |
| Leverage Shares 2X Long TSLA Daily ETF | Leveraged Equities | 8 | -61.16% | — | Dec 2024 | NVDO vs TSLG | |
| Leverage Shares 2X Long NBIS Daily ETF | Leveraged Equities | — | 126.41% | 90.40M | Oct 2025 | NVDO vs NBIG | |
| Leverage Shares 2X Long BMNR Daily ETF | Leveraged Equities | — | -78.09% | 34.62M | Oct 2025 | NVDO vs BMNG | |
| Leverage Shares 2X Long TER Daily ETF | Leveraged Equities | — | 118.24% | 7.94M | Nov 2025 | NVDO vs TERG | |
| Leverage Shares 2X Long ASML Daily ETF | Leveraged Equities | 93 | 86.81% | 33.49M | Jan 2025 | NVDO vs ASMG |
Often Compared With NVDO
Investors most often compare NVDO with RB, XIJN, XMAY. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare NVDO with Any Fund or Stock
Compare NVDO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NVDO with funds that move differently
Leverage Shares 2x Capped Accelerated NVDA Monthly ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NVDO.
Explore NVDO Diversifiers