DMAY vs. NVDO
DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. DMAY is passively managed, while NVDO is actively managed. Their 0.50 correlation means they have sometimes moved together and sometimes differently. DMAY charges 0.85%/yr vs 0.77%/yr for NVDO.
Performance
DMAY vs. NVDO - Performance Comparison
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Returns By Period
In the year-to-date period, DMAY achieves a 4.47% return, which is significantly lower than NVDO's 16.35% return.
DMAY
- 1D
- 0.40%
- 1M
- 0.41%
- 6M
- 3.91%
- YTD
- 4.47%
- 1Y
- 9.72%
- 3Y*
- 10.82%
- 5Y*
- 6.88%
- 10Y*
- —
- ALL TIME*
- 7.16%
NVDO
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 10.90%
- YTD
- 16.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $400.10K | $440.69K | $1.81M | |
| $0.00 | $0.00 | $23.88K |
DMAY vs. NVDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May | 4.47% | 3.66% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 16.35% | 10.05% |
Correlation
The correlation between DMAY and NVDO is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025 | 0.50 |
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Return for Risk
DMAY vs. NVDO — Risk / Return Rank
DMAY
NVDO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DMAY vs. NVDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) 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.
| DMAY | NVDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | — | — |
| Martin ratioReturn relative to average drawdown | 14.06 | — | — |
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Drawdowns
DMAY vs. NVDO - Drawdown Comparison
The maximum DMAY drawdown since its inception was -13.90%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for DMAY and NVDO.
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Drawdown Indicators
| DMAY | NVDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.90% | -16.25% | +2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.36% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -12.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.90% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -4.73% | +4.38% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -4.95% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | — | — |
Volatility
DMAY vs. NVDO - Volatility Comparison
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Volatility by Period
| DMAY | NVDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 30.29% | -24.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.10% | 30.29% | -21.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 30.29% | -21.88% |
DMAY vs. NVDO - Expense Ratio Comparison
DMAY has a 0.85% expense ratio, which is higher than NVDO's 0.77% expense ratio.
Dividends
DMAY vs. NVDO - Dividend Comparison
DMAY has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.32%.
| Position | TTM | 2025 |
|---|---|---|
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May | 0.00% | 0.00% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 14.32% | 16.66% |
Frequently Asked Questions
DMAY and NVDO have a correlation of 0.50, 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 DMAY.
NVDO has the higher dividend yield at 14.32%, compared with 0.00% for DMAY.
They also come from different issuers: First Trust and Leverage Shares. Their fees differ too: 0.85% for DMAY and 0.77% for NVDO.
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