ASMG vs. NVDG

Last updated Jul 14, 2026

ASMG (Leverage Shares 2X Long ASML 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, ASMG returned 238.25% vs 19.37% for NVDG. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

ASMG vs. NVDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ASML Daily ETF (ASMG) 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, ASMG achieves a 113.58% return, which is significantly higher than NVDG's 3.74% return.

ASMG

• 1D: -7.80%
• 1M: -17.41%
• 6M: 52.01%
• YTD: 113.58%
• 1Y: 238.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDG

• 1D: -7.22%
• 1M: -3.48%
• 6M: 6.13%
• YTD: 3.74%
• 1Y: 19.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASMG vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	113.58%	62.68%
NVDG Leverage Shares 2X Long NVDA Daily ETF	3.74%	36.54%

Correlation

The correlation between ASMG and NVDG is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.52

The correlation between ASMG and NVDG has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.

Return for Risk

ASMG vs. NVDG — Risk / Return Rank

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

ASMG

ASMG Risk / Return Rank: 86
ASMG Sharpe Ratio Rank: 93
ASMG Sortino Ratio Rank: 79
ASMG Omega Ratio Rank: 73
ASMG Calmar Ratio Rank: 96
ASMG Martin Ratio Rank: 91

NVDG

NVDG Risk / Return Rank: 16
NVDG Sharpe Ratio Rank: 14
NVDG Sortino Ratio Rank: 19
NVDG Omega Ratio Rank: 18
NVDG Calmar Ratio Rank: 16
NVDG Martin Ratio Rank: 15

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.

ASMG vs. NVDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ASML Daily ETF (ASMG) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ASMG	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	2.63	0.28	+2.35
Sortino ratio: Return per unit of downside risk	2.79	0.88	+1.91
Omega ratio: Gain probability vs. loss probability	1.34	1.10	+0.24
Calmar ratio: Return relative to maximum drawdown	6.94	0.46	+6.49
Martin ratio: Return relative to average drawdown	16.58	0.93	+15.65

ASMG vs. NVDG - Sharpe Ratio Comparison

The current ASMG Sharpe Ratio is 2.63, which is higher than the NVDG Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of ASMG 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.

Drawdowns

ASMG vs. NVDG - Drawdown Comparison

The maximum ASMG drawdown since its inception was -43.95%, smaller than the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for ASMG and NVDG.

Drawdown Indicators

	ASMG	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-43.95%	-66.19%	+22.24%
Max Drawdown (1Y) Largest decline over 1 year	-34.56%	-42.72%	+8.16%
Current Drawdown Current decline from peak	-26.01%	-28.77%	+2.76%
Average Drawdown Average peak-to-trough decline	-13.04%	-23.33%	+10.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.44%	20.85%	-6.41%

Volatility

ASMG vs. NVDG - Volatility Comparison

Leverage Shares 2X Long ASML Daily ETF (ASMG) has a higher volatility of 41.12% compared to Leverage Shares 2X Long NVDA Daily ETF (NVDG) at 21.58%. This indicates that ASMG'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

	ASMG	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.12%	21.58%	+19.54%
Volatility (6M) Calculated over the trailing 6-month period	73.62%	53.89%	+19.73%
Volatility (1Y) Calculated over the trailing 1-year period	91.55%	70.77%	+20.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.30%	89.99%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.30%	89.99%	-0.69%

ASMG vs. NVDG - Expense Ratio Comparison

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

Dividends

ASMG vs. NVDG - Dividend Comparison

ASMG's dividend yield for the trailing twelve months is around 5.25%, less than NVDG's 11.39% yield.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	5.25%	11.20%
NVDG Leverage Shares 2X Long NVDA Daily ETF	11.39%	11.81%

Frequently Asked Questions

Can I hold both ASMG and NVDG in my portfolio?

ASMG and NVDG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASMG or NVDG?

ASMG has higher volatility (41.12%) compared to NVDG (21.58%). In terms of maximum drawdown, ASMG dropped -43.95% vs NVDG's -66.19%.

Which ETF is better, ASMG or NVDG?

On 1-year performance, ASMG leads with 238.25% vs 19.37% for NVDG. Both ETFs have the same 0.75% expense ratio. On volatility, NVDG has been the lower-risk option at 21.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASMG or NVDG?

Over the 1-year period, ASMG has performed better with a 238.25% return vs 19.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASMG or NVDG?

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

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

NVDG has the higher dividend yield at 11.39%, compared with 5.25% for ASMG.

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (2.63 vs 0.28), 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.