FXG vs. NVDG

Last updated Jul 16, 2026

FXG (First Trust Consumer Staples AlphaDEX Fund) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both exchange-traded funds - FXG is a Consumer Staples Equities fund tracking the StrataQuant Consumer Staples Index, while NVDG is a Leveraged Equities fund actively managed by Leverage Shares. FXG is passively managed, while NVDG is actively managed. Over the past year, FXG returned 3.47% vs 21.22% for NVDG. At a correlation of -0.21, they often move in opposite directions. FXG charges 0.63%/yr vs 0.75%/yr for NVDG.

Performance

FXG vs. NVDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Consumer Staples AlphaDEX Fund (FXG) and Leverage Shares 2X Long NVDA Daily ETF (NVDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXG achieves a 5.31% return, which is significantly lower than NVDG's 12.70% return.

FXG

• 1D: -0.24%
• 1M: 0.63%
• 6M: 0.31%
• YTD: 5.31%
• 1Y: 3.47%
• 3Y*: 2.14%
• 5Y*: 4.33%
• 10Y*: 4.40%

NVDG

• 1D: 0.27%
• 1M: -2.12%
• 6M: 17.59%
• YTD: 12.70%
• 1Y: 21.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FXG vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FXG First Trust Consumer Staples AlphaDEX Fund	5.31%	-2.66%	-5.18%
NVDG Leverage Shares 2X Long NVDA Daily ETF	12.70%	32.45%	-0.52%

Correlation

The correlation between FXG and NVDG is -0.28, 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	-0.28
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	-0.21

Return for Risk

FXG vs. NVDG — Risk / Return Rank

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

FXG

FXG Risk / Return Rank: 13
FXG Sharpe Ratio Rank: 14
FXG Sortino Ratio Rank: 13
FXG Omega Ratio Rank: 12
FXG Calmar Ratio Rank: 13
FXG Martin Ratio Rank: 12

NVDG

NVDG Risk / Return Rank: 17
NVDG Sharpe Ratio Rank: 14
NVDG Sortino Ratio Rank: 19
NVDG Omega Ratio Rank: 19
NVDG Calmar Ratio Rank: 16
NVDG Martin Ratio Rank: 15

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.

FXG vs. NVDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Consumer Staples AlphaDEX Fund (FXG) 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.

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.

	FXG	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	0.26	0.30	-0.05
Sortino ratio: Return per unit of downside risk	0.46	0.92	-0.46
Omega ratio: Gain probability vs. loss probability	1.05	1.11	-0.06
Calmar ratio: Return relative to maximum drawdown	0.27	0.50	-0.23
Martin ratio: Return relative to average drawdown	0.56	1.02	-0.45

FXG vs. NVDG - Sharpe Ratio Comparison

The current FXG Sharpe Ratio is 0.26, which is comparable to the NVDG Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of FXG and NVDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FXG vs. NVDG - Drawdown Comparison

The maximum FXG drawdown since its inception was -38.69%, smaller than the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for FXG and NVDG.

Drawdown Indicators

	FXG	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-38.69%	-66.19%	+27.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.75%	-42.72%	+29.97%
Max Drawdown (3Y) Largest decline over 3 years	-12.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.54%	—	—
Current Drawdown Current decline from peak	-7.90%	-22.62%	+14.72%
Average Drawdown Average peak-to-trough decline	-6.04%	-23.32%	+17.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.16%	20.94%	-14.78%

Volatility

FXG vs. NVDG - Volatility Comparison

The current volatility for First Trust Consumer Staples AlphaDEX Fund (FXG) is 5.45%, while Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a volatility of 22.80%. This indicates that FXG 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.

Volatility by Period

	FXG	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	22.80%	-17.35%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	54.48%	-44.20%
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	71.09%	-57.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	89.99%	-76.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.98%	89.99%	-75.01%

FXG vs. NVDG - Expense Ratio Comparison

FXG has a 0.63% expense ratio, which is lower than NVDG's 0.75% expense ratio.

Dividends

FXG vs. NVDG - Dividend Comparison

FXG's dividend yield for the trailing twelve months is around 2.42%, less than NVDG's 10.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXG First Trust Consumer Staples AlphaDEX Fund	2.42%	2.83%	1.70%	1.41%	1.83%	1.38%	1.41%	1.63%	2.31%	1.34%	1.72%	1.67%
NVDG Leverage Shares 2X Long NVDA Daily ETF	10.48%	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

Can I hold both FXG and NVDG in my portfolio?

FXG and NVDG have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXG or NVDG?

NVDG has higher volatility (22.80%) compared to FXG (5.45%). In terms of maximum drawdown, FXG dropped -38.69% vs NVDG's -66.19%.

Which ETF is better, FXG or NVDG?

On 1-year performance, NVDG leads with 21.22% vs 3.47% for FXG. On fees, FXG is cheaper at 0.63% per year. On volatility, FXG has been the lower-risk option at 5.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FXG or NVDG?

Over the 1-year period, NVDG has performed better with a 21.22% return vs 3.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FXG or NVDG?

FXG is cheaper with a 0.63% expense ratio, compared with 0.75% for NVDG.

Which ETF pays a higher dividend yield, FXG or NVDG?

NVDG has the higher dividend yield at 10.48%, compared with 2.42% for FXG.

What is the main difference between FXG and NVDG?

FXG is categorized as Consumer Staples Equities, while NVDG is Leveraged Equities. They also come from different issuers: First Trust and Leverage Shares. Their fees differ too: 0.63% for FXG and 0.75% for NVDG.

Which has better risk-adjusted returns?

NVDG currently has the higher Sharpe Ratio (0.30 vs 0.26), 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.