AUGZ vs. NVDO
AUGZ (TrueShares Structured Outcome (August) ETF) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. AUGZ is passively managed, while NVDO is actively managed. A 0.57 correlation means they provide meaningful diversification when combined. AUGZ charges 0.79%/yr vs 0.77%/yr for NVDO.
Performance
AUGZ vs. NVDO - Performance Comparison
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Returns By Period
In the year-to-date period, AUGZ achieves a 8.27% return, which is significantly lower than NVDO's 18.85% return.
AUGZ
- 1D
- -0.55%
- 1M
- 4.32%
- YTD
- 8.27%
- 6M
- 8.18%
- 1Y
- 20.84%
- 3Y*
- 16.37%
- 5Y*
- 10.83%
- 10Y*
- —
NVDO
- 1D
- -2.46%
- 1M
- 14.15%
- YTD
- 18.85%
- 6M
- 29.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUGZ vs. NVDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 8.27% | 4.93% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 18.85% | 11.12% |
Correlation
The correlation between AUGZ and NVDO is 0.57, 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 Aug 14, 2025 | 0.57 |
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Return for Risk
AUGZ vs. NVDO — Risk / Return Rank
AUGZ
NVDO
AUGZ vs. NVDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (August) ETF (AUGZ) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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.
| AUGZ | NVDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | — | — |
| Martin ratioReturn relative to average drawdown | 12.46 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AUGZ | NVDO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 1.30 | -0.22 |
Drawdowns
AUGZ vs. NVDO - Drawdown Comparison
The maximum AUGZ drawdown since its inception was -15.67%, roughly equal to the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for AUGZ and NVDO.
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Drawdown Indicators
| AUGZ | NVDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -16.25% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -2.68% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -4.99% | +1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | — | — |
Volatility
AUGZ vs. NVDO - Volatility Comparison
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Volatility by Period
| AUGZ | NVDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.25% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.50% | 31.93% | -22.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.97% | 31.93% | -19.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.10% | 31.93% | -19.83% |
AUGZ vs. NVDO - Expense Ratio Comparison
AUGZ has a 0.79% expense ratio, which is higher than NVDO's 0.77% expense ratio.
Dividends
AUGZ vs. NVDO - Dividend Comparison
AUGZ's dividend yield for the trailing twelve months is around 3.35%, less than NVDO's 14.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 3.35% | 3.63% | 4.08% | 3.42% | 0.41% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 14.02% | 16.66% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AUGZ and NVDO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NVDO is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDO is cheaper with a 0.77% expense ratio, compared with 0.79% for AUGZ.
NVDO has the higher dividend yield at 14.02%, compared with 3.35% for AUGZ.
They also come from different issuers: TrueShares and Leverage Shares. Their fees differ too: 0.79% for AUGZ and 0.77% for NVDO.
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