ADBG vs. NVDG

Last updated Jun 6, 2026

ADBG (Leverage Shares 2X Long ADBE Daily ETF) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past year, ADBG returned -71.70% vs 70.59% for NVDG. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

ADBG vs. NVDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ADBE Daily ETF (ADBG) and Leverage Shares 2X Long NVDA Daily ETF (NVDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADBG achieves a -54.70% return, which is significantly lower than NVDG's 8.61% return.

ADBG

• 1D: -5.32%
• 1M: -1.91%
• YTD: -54.70%
• 6M: -54.25%
• 1Y: -71.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDG

• 1D: -12.31%
• 1M: -4.74%
• YTD: 8.61%
• 6M: 11.95%
• 1Y: 70.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADBG vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025
ADBG Leverage Shares 2X Long ADBE Daily ETF	-54.70%	-30.89%
NVDG Leverage Shares 2X Long NVDA Daily ETF	8.61%	99.60%

Correlation

The correlation between ADBG and NVDG is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.06

The correlation between ADBG and NVDG shifts across timeframes, from -0.07 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ADBG vs. NVDG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADBG

ADBG Risk / Return Rank: 1
ADBG Sharpe Ratio Rank: 1
ADBG Sortino Ratio Rank: 1
ADBG Omega Ratio Rank: 0
ADBG Calmar Ratio Rank: 1
ADBG Martin Ratio Rank: 2

NVDG

NVDG Risk / Return Rank: 31
NVDG Sharpe Ratio Rank: 30
NVDG Sortino Ratio Rank: 33
NVDG Omega Ratio Rank: 31
NVDG Calmar Ratio Rank: 35
NVDG Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADBG vs. NVDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ADBE Daily ETF (ADBG) and Leverage Shares 2X Long NVDA Daily ETF (NVDG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ADBG	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	-1.07	1.03	-2.10
Sortino ratio: Return per unit of downside risk	-1.98	1.67	-3.65
Omega ratio: Gain probability vs. loss probability	0.77	1.20	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.94	1.66	-2.60
Martin ratio: Return relative to average drawdown	-1.42	3.75	-5.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADBG vs. NVDG - Sharpe Ratio Comparison

The current ADBG Sharpe Ratio is -1.07, which is lower than the NVDG Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of ADBG and NVDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ADBG	NVDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.07	1.03	-2.10
Sharpe Ratio (All Time) Calculated using the full available price history	-0.93	0.30	-1.23

Drawdowns

ADBG vs. NVDG - Drawdown Comparison

The maximum ADBG drawdown since its inception was -76.71%, which is greater than NVDG's maximum drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for ADBG and NVDG.

Drawdown Indicators

	ADBG	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-76.71%	-66.19%	-10.52%
Max Drawdown (1Y) Largest decline over 1 year	-76.23%	-42.72%	-33.51%
Current Drawdown Current decline from peak	-72.49%	-25.43%	-47.06%
Average Drawdown Average peak-to-trough decline	-41.84%	-23.05%	-18.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.52%	18.86%	+31.66%

Volatility

ADBG vs. NVDG - Volatility Comparison

Leverage Shares 2X Long ADBE Daily ETF (ADBG) has a higher volatility of 27.94% compared to Leverage Shares 2X Long NVDA Daily ETF (NVDG) at 26.49%. This indicates that ADBG's price experiences larger fluctuations and is considered to be riskier than NVDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADBG	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.94%	26.49%	+1.45%
Volatility (6M) Calculated over the trailing 6-month period	56.40%	51.99%	+4.41%
Volatility (1Y) Calculated over the trailing 1-year period	67.29%	68.90%	-1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.90%	91.12%	-24.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.90%	91.12%	-24.22%

ADBG vs. NVDG - Expense Ratio Comparison

Both ADBG and NVDG have an expense ratio of 0.75%.

Dividends

ADBG vs. NVDG - Dividend Comparison

ADBG has not paid dividends to shareholders, while NVDG's dividend yield for the trailing twelve months is around 10.88%.

Position	TTM	2025
ADBG Leverage Shares 2X Long ADBE Daily ETF	0.00%	0.00%
NVDG Leverage Shares 2X Long NVDA Daily ETF	10.88%	11.81%

Frequently Asked Questions

Can I hold both ADBG and NVDG in my portfolio?

ADBG and NVDG have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADBG or NVDG?

ADBG has higher volatility (27.94%) compared to NVDG (26.49%). In terms of maximum drawdown, ADBG dropped -76.71% vs NVDG's -66.19%.

Which ETF is better, ADBG or NVDG?

On 1-year performance, NVDG leads with 70.59% vs -71.70% for ADBG. Both ETFs have the same 0.75% expense ratio. On volatility, NVDG has been the lower-risk option at 26.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADBG or NVDG?

Over the 1-year period, NVDG has performed better with a 70.59% return vs -71.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADBG or NVDG?

ADBG and NVDG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, ADBG or NVDG?

NVDG has the higher dividend yield at 10.88%, compared with 0.00% for ADBG.

Which has better risk-adjusted returns?

NVDG currently has the higher Sharpe Ratio (1.03 vs -1.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.