BUFH vs. NVDO

Last updated Jun 4, 2026

BUFH (FT Vest Laddered Max Buffer ETF) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. At a 0.46 correlation, their price movements are largely independent. BUFH charges 0.95%/yr vs 0.77%/yr for NVDO.

Performance

BUFH vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Laddered Max Buffer ETF (BUFH) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUFH achieves a 2.45% return, which is significantly lower than NVDO's 18.85% return.

BUFH

• 1D: -0.05%
• 1M: 0.75%
• YTD: 2.45%
• 6M: 2.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDO

• 1D: -2.46%
• 1M: 14.15%
• YTD: 18.85%
• 6M: 29.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BUFH vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
BUFH FT Vest Laddered Max Buffer ETF	2.45%	2.36%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	18.85%	11.12%

Correlation

The correlation between BUFH and NVDO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025	0.46

Return for Risk

BUFH vs. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Laddered Max Buffer ETF (BUFH) 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.

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

Sharpe Ratios by Period

	BUFH	NVDO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.91	1.30	+1.61

Drawdowns

BUFH vs. NVDO - Drawdown Comparison

The maximum BUFH drawdown since its inception was -1.53%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for BUFH and NVDO.

Drawdown Indicators

	BUFH	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-1.53%	-16.25%	+14.72%
Current Drawdown Current decline from peak	-0.05%	-2.68%	+2.63%
Average Drawdown Average peak-to-trough decline	-0.18%	-4.99%	+4.81%

Volatility

Volatility by Period

	BUFH	NVDO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.37%	31.93%	-29.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.37%	31.93%	-29.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.37%	31.93%	-29.56%

BUFH vs. NVDO - Expense Ratio Comparison

BUFH has a 0.95% expense ratio, which is higher than NVDO's 0.77% expense ratio.

Dividends

BUFH vs. NVDO - Dividend Comparison

BUFH has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.02%.

Position	TTM	2025
BUFH FT Vest Laddered Max Buffer ETF	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.02%	16.66%

Frequently Asked Questions

Can I hold both BUFH and NVDO in my portfolio?

BUFH and NVDO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BUFH or NVDO?

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.

Which ETF is cheaper, BUFH or NVDO?

NVDO is cheaper with a 0.77% expense ratio, compared with 0.95% for BUFH.

Which ETF pays a higher dividend yield, BUFH or NVDO?

NVDO has the higher dividend yield at 14.02%, compared with 0.00% for BUFH.

What is the main difference between BUFH and NVDO?

They also come from different issuers: First Trust and Leverage Shares. Their fees differ too: 0.95% for BUFH and 0.77% for NVDO.