DIG vs. NVDG
DIG (ProShares Ultra Oil & Gas) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. DIG is passively managed, while NVDG is actively managed. Over the past year, DIG returned 90.00% vs 83.14% for NVDG. At a 0.03 correlation, their price movements are largely independent. DIG charges 0.95%/yr vs 0.75%/yr for NVDG.
Performance
DIG vs. NVDG - Performance Comparison
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Returns By Period
In the year-to-date period, DIG achieves a 66.35% return, which is significantly higher than NVDG's 18.93% return.
DIG
- 1D
- 2.57%
- 1M
- -3.48%
- YTD
- 66.35%
- 6M
- 59.45%
- 1Y
- 90.00%
- 3Y*
- 23.37%
- 5Y*
- 28.29%
- 10Y*
- 5.32%
NVDG
- 1D
- -7.35%
- 1M
- 14.07%
- YTD
- 18.93%
- 6M
- 26.05%
- 1Y
- 83.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIG vs. NVDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 66.35% | 2.73% | -6.66% |
NVDG Leverage Shares 2X Long NVDA Daily ETF | 18.93% | 32.45% | -0.75% |
Correlation
The correlation between DIG and NVDG is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024 | 0.03 |
The correlation between DIG and NVDG shifts across timeframes, from -0.15 (1 year) to 0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DIG vs. NVDG — Risk / Return Rank
DIG
NVDG
DIG vs. NVDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) and Leverage Shares 2X Long NVDA Daily ETF (NVDG). 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.
| DIG | NVDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.22 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 1.96 | +1.93 |
| Martin ratioReturn relative to average drawdown | 10.65 | 4.44 | +6.20 |
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
| DIG | NVDG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 1.24 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.40 | -0.40 |
Drawdowns
DIG vs. NVDG - Drawdown Comparison
The maximum DIG drawdown since its inception was -97.04%, which is greater than NVDG's maximum drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for DIG and NVDG.
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Drawdown Indicators
| DIG | NVDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -66.19% | -30.85% |
Max Drawdown (1Y)Largest decline over 1 year | -23.29% | -42.72% | +19.43% |
Max Drawdown (3Y)Largest decline over 3 years | -42.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -46.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.53% | — | — |
Current DrawdownCurrent decline from peak | -51.27% | -18.34% | -32.93% |
Average DrawdownAverage peak-to-trough decline | -64.37% | -23.07% | -41.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 18.77% | -10.28% |
Volatility
DIG vs. NVDG - Volatility Comparison
The current volatility for ProShares Ultra Oil & Gas (DIG) is 16.56%, while Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a volatility of 25.14%. This indicates that DIG experiences smaller price fluctuations and is considered to be less risky than NVDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIG | NVDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.56% | 25.14% | -8.58% |
Volatility (6M)Calculated over the trailing 6-month period | 33.14% | 50.15% | -17.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.88% | 67.81% | -26.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.59% | 90.72% | -39.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.81% | 90.72% | -32.91% |
DIG vs. NVDG - Expense Ratio Comparison
DIG has a 0.95% expense ratio, which is higher than NVDG's 0.75% expense ratio.
Dividends
DIG vs. NVDG - Dividend Comparison
DIG's dividend yield for the trailing twelve months is around 1.50%, less than NVDG's 9.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.50% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
NVDG Leverage Shares 2X Long NVDA Daily ETF | 9.93% | 11.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DIG and NVDG have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDG has higher volatility (25.14%) compared to DIG (16.56%). In terms of maximum drawdown, DIG dropped -97.04% vs NVDG's -66.19%.
On 1-year performance, DIG leads with 90.00% vs 83.14% for NVDG. On fees, NVDG is cheaper at 0.75% per year. On volatility, DIG has been the lower-risk option at 16.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DIG has performed better with a 90.00% return vs 83.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NVDG is cheaper with a 0.75% expense ratio, compared with 0.95% for DIG.
NVDG has the higher dividend yield at 9.93%, compared with 1.50% for DIG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for DIG and 0.75% for NVDG.
DIG currently has the higher Sharpe Ratio (2.22 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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