FB vs. NVDO
FB (ProShares S&P 500 Dynamic Daily Buffer ETF) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. FB is passively managed, while NVDO is actively managed. At a 0.43 correlation, their price movements are largely independent. FB charges 0.58%/yr vs 0.77%/yr for NVDO.
Performance
FB vs. NVDO - Performance Comparison
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Returns By Period
In the year-to-date period, FB achieves a 5.25% return, which is significantly lower than NVDO's 16.35% return.
FB
- 1D
- -0.21%
- 1M
- -0.73%
- YTD
- 5.25%
- 6M
- 5.14%
- 1Y
- 11.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDO
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 16.35%
- 6M
- 17.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FB vs. NVDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FB ProShares S&P 500 Dynamic Daily Buffer ETF | 5.25% | 4.03% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 16.35% | 10.05% |
Correlation
The correlation between FB and NVDO is 0.43, 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 13, 2025 | 0.43 |
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Return for Risk
FB vs. NVDO — Risk / Return Rank
FB
NVDO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FB vs. NVDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dynamic Daily Buffer ETF (FB) 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.
| FB | NVDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.54 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.04 | — | — |
| Martin ratioReturn relative to average drawdown | 25.23 | — | — |
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Drawdowns
FB vs. NVDO - Drawdown Comparison
The maximum FB drawdown since its inception was -1.76%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for FB and NVDO.
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Drawdown Indicators
| FB | NVDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.76% | -16.25% | +14.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.76% | — | — |
Current DrawdownCurrent decline from peak | -0.89% | -4.73% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -0.33% | -4.97% | +4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | — | — |
Volatility
FB vs. NVDO - Volatility Comparison
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Volatility by Period
| FB | NVDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.00% | 31.90% | -26.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.00% | 31.90% | -26.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 31.90% | -26.90% |
FB vs. NVDO - Expense Ratio Comparison
FB has a 0.58% expense ratio, which is lower than NVDO's 0.77% expense ratio.
Dividends
FB vs. NVDO - Dividend Comparison
FB's dividend yield for the trailing twelve months is around 2.02%, less than NVDO's 14.32% yield.
| Position | TTM | 2025 |
|---|---|---|
FB ProShares S&P 500 Dynamic Daily Buffer ETF | 2.02% | 0.92% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 14.32% | 16.66% |
Frequently Asked Questions
FB and NVDO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FB is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FB is cheaper with a 0.58% expense ratio, compared with 0.77% for NVDO.
NVDO has the higher dividend yield at 14.32%, compared with 2.02% for FB.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.58% for FB and 0.77% for NVDO.
Find the right allocation for FB and NVDO
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