FLAO vs. NVDO

Last updated Jun 5, 2026

FLAO (AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. FLAO charges 0.74%/yr vs 0.77%/yr for NVDO.

Performance

FLAO vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (FLAO) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLAO achieves a -0.82% return, which is significantly lower than NVDO's 20.98% return.

FLAO

• 1D: 0.04%
• 1M: 0.88%
• YTD: -0.82%
• 6M: -0.36%
• 1Y: 4.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDO

• 1D: 1.80%
• 1M: 17.25%
• YTD: 20.98%
• 6M: 29.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLAO vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
FLAO AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF	-0.82%	2.43%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	20.98%	11.12%

Correlation

The correlation between FLAO and NVDO is 0.52, 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 14, 2025	0.52

Return for Risk

FLAO vs. NVDO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLAO

FLAO Risk / Return Rank: 21
FLAO Sharpe Ratio Rank: 23
FLAO Sortino Ratio Rank: 21
FLAO Omega Ratio Rank: 27
FLAO Calmar Ratio Rank: 16
FLAO Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLAO vs. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (FLAO) 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.

	FLAO	NVDO	Difference
Sharpe ratio: Return per unit of total volatility	0.77	—	—
Sortino ratio: Return per unit of downside risk	1.06	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	0.58	—	—
Martin ratio: Return relative to average drawdown	2.42	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FLAO	NVDO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.39	-0.63

Drawdowns

FLAO vs. NVDO - Drawdown Comparison

The maximum FLAO drawdown since its inception was -10.12%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for FLAO and NVDO.

Drawdown Indicators

	FLAO	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-10.12%	-16.25%	+6.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.60%	—	—
Current Drawdown Current decline from peak	-2.03%	-0.93%	-1.10%
Average Drawdown Average peak-to-trough decline	-1.90%	-4.97%	+3.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	—	—

Volatility

Volatility by Period

	FLAO	NVDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.69%	31.91%	-26.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.50%	31.91%	-24.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.50%	31.91%	-24.41%

FLAO vs. NVDO - Expense Ratio Comparison

FLAO has a 0.74% expense ratio, which is lower than NVDO's 0.77% expense ratio.

Dividends

FLAO vs. NVDO - Dividend Comparison

FLAO has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 13.77%.

Position	TTM	2025
FLAO AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	13.77%	16.66%

Frequently Asked Questions

Can I hold both FLAO and NVDO in my portfolio?

FLAO and NVDO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLAO or NVDO?

On fees, FLAO is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLAO or NVDO?

FLAO is cheaper with a 0.74% expense ratio, compared with 0.77% for NVDO.

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

NVDO has the higher dividend yield at 13.77%, compared with 0.00% for FLAO.

What is the main difference between FLAO and NVDO?

They also come from different issuers: Allianz and Leverage Shares. Their fees differ too: 0.74% for FLAO and 0.77% for NVDO.