BUFB vs. NVDO
BUFB (Innovator Laddered Allocation Buffer ETF) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. BUFB is passively managed, while NVDO is actively managed. A 0.56 correlation means they provide meaningful diversification when combined. BUFB charges 0.89%/yr vs 0.77%/yr for NVDO.
Performance
BUFB vs. NVDO - Performance Comparison
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Returns By Period
In the year-to-date period, BUFB achieves a 7.03% return, which is significantly lower than NVDO's 18.85% return.
BUFB
- 1D
- -0.31%
- 1M
- 2.46%
- YTD
- 7.03%
- 6M
- 7.78%
- 1Y
- 19.07%
- 3Y*
- 15.74%
- 5Y*
- —
- 10Y*
- —
NVDO
- 1D
- -2.46%
- 1M
- 14.15%
- YTD
- 18.85%
- 6M
- 29.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BUFB vs. NVDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BUFB Innovator Laddered Allocation Buffer ETF | 7.03% | 5.18% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 18.85% | 11.12% |
Correlation
The correlation between BUFB and NVDO is 0.56, 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 | 0.56 |
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Return for Risk
BUFB vs. NVDO — Risk / Return Rank
BUFB
NVDO
BUFB vs. NVDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Laddered Allocation Buffer ETF (BUFB) 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.
| BUFB | NVDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | — | — |
| Martin ratioReturn relative to average drawdown | 19.82 | — | — |
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
| BUFB | NVDO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.30 | -0.39 |
Drawdowns
BUFB vs. NVDO - Drawdown Comparison
The maximum BUFB drawdown since its inception was -14.88%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for BUFB and NVDO.
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Drawdown Indicators
| BUFB | NVDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.88% | -16.25% | +1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.75% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -2.68% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -4.99% | +2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | — | — |
Volatility
BUFB vs. NVDO - Volatility Comparison
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Volatility by Period
| BUFB | NVDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.76% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.51% | 31.93% | -24.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.01% | 31.93% | -19.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.01% | 31.93% | -19.92% |
BUFB vs. NVDO - Expense Ratio Comparison
BUFB has a 0.89% expense ratio, which is higher than NVDO's 0.77% expense ratio.
Dividends
BUFB vs. NVDO - Dividend Comparison
BUFB has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.02%.
| Position | TTM | 2025 |
|---|---|---|
BUFB Innovator Laddered Allocation Buffer ETF | 0.00% | 0.00% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 14.02% | 16.66% |
Frequently Asked Questions
BUFB and NVDO have a correlation of 0.56, 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 0.89% for BUFB.
NVDO has the higher dividend yield at 14.02%, compared with 0.00% for BUFB.
They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.89% for BUFB and 0.77% for NVDO.
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