ASMU vs. NVDG

Last updated Jun 26, 2026

ASMU (Direxion Daily ASML Bull 2X ETF) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. ASMU charges 0.97%/yr vs 0.75%/yr for NVDG.

Performance

ASMU vs. NVDG - Performance Comparison

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

Returns By Period

ASMU

• 1D: 8.49%
• 1M: 21.60%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDG

• 1D: -2.92%
• 1M: -19.09%
• YTD: -2.91%
• 6M: -5.36%
• 1Y: 26.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASMU vs. NVDG - Yearly Performance Comparison

	2026 (YTD)
ASMU Direxion Daily ASML Bull 2X ETF	42.93%
NVDG Leverage Shares 2X Long NVDA Daily ETF	-2.91%

Correlation

The correlation between ASMU and NVDG is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	0.51

Return for Risk

ASMU vs. NVDG — Risk / Return Rank

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

ASMU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NVDG

NVDG Risk / Return Rank: 17
NVDG Sharpe Ratio Rank: 15
NVDG Sortino Ratio Rank: 19
NVDG Omega Ratio Rank: 18
NVDG Calmar Ratio Rank: 17
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.

ASMU vs. NVDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ASML Bull 2X ETF (ASMU) 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.

	ASMU	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	—	0.38	—
Sortino ratio: Return per unit of downside risk	—	1.00	—
Omega ratio: Gain probability vs. loss probability	—	1.12	—
Calmar ratio: Return relative to maximum drawdown	—	0.62	—
Martin ratio: Return relative to average drawdown	—	1.33	—

Drawdowns

ASMU vs. NVDG - Drawdown Comparison

The maximum ASMU drawdown since its inception was -34.79%, smaller than the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for ASMU and NVDG.

Drawdown Indicators

	ASMU	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-34.79%	-66.19%	+31.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.72%	—
Current Drawdown Current decline from peak	-10.10%	-33.33%	+23.23%
Average Drawdown Average peak-to-trough decline	-12.06%	-23.10%	+11.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.80%	—

Volatility

Volatility by Period

	ASMU	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	25.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	52.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	104.31%	70.14%	+34.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.31%	90.40%	+13.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.31%	90.40%	+13.91%

ASMU vs. NVDG - Expense Ratio Comparison

ASMU has a 0.97% expense ratio, which is higher than NVDG's 0.75% expense ratio.

Dividends

ASMU vs. NVDG - Dividend Comparison

ASMU's dividend yield for the trailing twelve months is around 0.51%, less than NVDG's 12.17% yield.

Position	TTM	2025
ASMU Direxion Daily ASML Bull 2X ETF	0.51%	0.00%
NVDG Leverage Shares 2X Long NVDA Daily ETF	12.17%	11.81%

Frequently Asked Questions

Can I hold both ASMU and NVDG in my portfolio?

ASMU and NVDG have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASMU or NVDG?

On fees, NVDG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASMU or NVDG?

NVDG is cheaper with a 0.75% expense ratio, compared with 0.97% for ASMU.

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

NVDG has the higher dividend yield at 12.17%, compared with 0.51% for ASMU.

What is the main difference between ASMU and NVDG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for ASMU and 0.75% for NVDG.