DGJA vs. NVDO

Last updated Jun 6, 2026

DGJA (FT Vest U.S. Equity Buffer & Digital Return ETF - January) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. DGJA charges 0.85%/yr vs 0.77%/yr for NVDO.

Performance

DGJA vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DGJA

• 1D: -0.49%
• 1M: 0.46%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDO

• 1D: -5.25%
• 1M: 6.30%
• YTD: 14.63%
• 6M: 23.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DGJA vs. NVDO - Yearly Performance Comparison

	2026 (YTD)
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	3.69%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	19.10%

Correlation

The correlation between DGJA and NVDO is 0.65, 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 Jan 21, 2026	0.65

Return for Risk

DGJA vs. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) 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

	DGJA	NVDO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.72	1.08	+0.65

Drawdowns

DGJA vs. NVDO - Drawdown Comparison

The maximum DGJA drawdown since its inception was -3.79%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for DGJA and NVDO.

Drawdown Indicators

	DGJA	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-3.79%	-16.25%	+12.46%
Current Drawdown Current decline from peak	-0.56%	-6.14%	+5.58%
Average Drawdown Average peak-to-trough decline	-0.56%	-4.97%	+4.41%

Volatility

Volatility by Period

	DGJA	NVDO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	5.88%	32.39%	-26.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.88%	32.39%	-26.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.88%	32.39%	-26.51%

DGJA vs. NVDO - Expense Ratio Comparison

DGJA has a 0.85% expense ratio, which is higher than NVDO's 0.77% expense ratio.

Dividends

DGJA vs. NVDO - Dividend Comparison

DGJA has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.53%.

Position	TTM	2025
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.53%	16.66%

Frequently Asked Questions

Can I hold both DGJA and NVDO in my portfolio?

DGJA and NVDO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGJA 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, DGJA or NVDO?

NVDO is cheaper with a 0.77% expense ratio, compared with 0.85% for DGJA.

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

NVDO has the higher dividend yield at 14.53%, compared with 0.00% for DGJA.

What is the main difference between DGJA and NVDO?

They also come from different issuers: First Trust and Leverage Shares. Their fees differ too: 0.85% for DGJA and 0.77% for NVDO.