DDEC vs. NVDO
DDEC (FT Vest U.S. Equity Deep Buffer ETF - December) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. DDEC is passively managed, while NVDO is actively managed. A 0.55 correlation means they provide meaningful diversification when combined. DDEC charges 0.85%/yr vs 0.77%/yr for NVDO.
Performance
DDEC vs. NVDO - Performance Comparison
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Returns By Period
In the year-to-date period, DDEC achieves a 4.35% return, which is significantly lower than NVDO's 16.35% return.
DDEC
- 1D
- -0.42%
- 1M
- -0.04%
- YTD
- 4.35%
- 6M
- 4.05%
- 1Y
- 14.63%
- 3Y*
- 12.16%
- 5Y*
- 8.08%
- 10Y*
- —
NVDO
- 1D
- 0.00%
- 1M
- 1.57%
- YTD
- 16.35%
- 6M
- 18.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DDEC vs. NVDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DDEC FT Vest U.S. Equity Deep Buffer ETF - December | 4.35% | 5.42% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 16.35% | 10.05% |
Correlation
The correlation between DDEC and NVDO is 0.55, 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 13, 2025 | 0.55 |
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Return for Risk
DDEC vs. NVDO — Risk / Return Rank
DDEC
NVDO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DDEC vs. NVDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Deep Buffer ETF - December (DDEC) 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.
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.
| DDEC | NVDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.50 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | — | — |
| Martin ratioReturn relative to average drawdown | 17.42 | — | — |
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Drawdowns
DDEC vs. NVDO - Drawdown Comparison
The maximum DDEC drawdown since its inception was -10.22%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for DDEC and NVDO.
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Drawdown Indicators
| DDEC | NVDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.22% | -16.25% | +6.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -9.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.22% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | -4.73% | +3.95% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -4.97% | +3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | — | — |
Volatility
DDEC vs. NVDO - Volatility Comparison
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Volatility by Period
| DDEC | NVDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 32.12% | -26.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.06% | 32.12% | -25.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.88% | 32.12% | -25.24% |
DDEC vs. NVDO - Expense Ratio Comparison
DDEC has a 0.85% expense ratio, which is higher than NVDO's 0.77% expense ratio.
Dividends
DDEC vs. NVDO - Dividend Comparison
DDEC has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.32%.
| Position | TTM | 2025 |
|---|---|---|
DDEC FT Vest U.S. Equity Deep Buffer ETF - December | 0.00% | 0.00% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 14.32% | 16.66% |
Frequently Asked Questions
DDEC and NVDO have a correlation of 0.55, 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 0.85% for DDEC.
NVDO has the higher dividend yield at 14.32%, compared with 0.00% for DDEC.
They also come from different issuers: FT Vest and Leverage Shares. Their fees differ too: 0.85% for DDEC and 0.77% for NVDO.
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