GLDE.L vs. NVDD.L
GLDE.L (IncomeShares Gold + Yield ETP GBP) and NVDD.L (IncomeShares NVIDIA (NVDA) Options ETP GBP) are both Derivative Income funds from Leverage Shares. Both are actively managed. Over the past year, GLDE.L returned 18.32% vs 37.04% for NVDD.L. At a 0.09 correlation, their price movements are largely independent. GLDE.L charges 0.35%/yr vs 0.55%/yr for NVDD.L.
Performance
GLDE.L vs. NVDD.L - Performance Comparison
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Returns By Period
In the year-to-date period, GLDE.L achieves a -4.51% return, which is significantly lower than NVDD.L's 2.34% return.
GLDE.L
- 1D
- 0.34%
- 1M
- -1.77%
- YTD
- -4.51%
- 6M
- -3.50%
- 1Y
- 18.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDD.L
- 1D
- 0.98%
- 1M
- 3.83%
- YTD
- 2.34%
- 6M
- 3.76%
- 1Y
- 37.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDE.L vs. NVDD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLDE.L IncomeShares Gold + Yield ETP GBP | -4.51% | 42.81% | 7.05% |
NVDD.L IncomeShares NVIDIA (NVDA) Options ETP GBP | 2.34% | 19.76% | 7.46% |
Correlation
The correlation between GLDE.L and NVDD.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.09 |
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Return for Risk
GLDE.L vs. NVDD.L — Risk / Return Rank
GLDE.L
NVDD.L
GLDE.L vs. NVDD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Gold + Yield ETP GBP (GLDE.L) and IncomeShares NVIDIA (NVDA) Options ETP GBP (NVDD.L). 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.
| GLDE.L | NVDD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 2.42 | -1.34 |
| Martin ratioReturn relative to average drawdown | 2.67 | 5.23 | -2.56 |
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
| GLDE.L | NVDD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.25 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.43 | +0.79 |
Drawdowns
GLDE.L vs. NVDD.L - Drawdown Comparison
The maximum GLDE.L drawdown since its inception was -16.85%, smaller than the maximum NVDD.L drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for GLDE.L and NVDD.L.
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Drawdown Indicators
| GLDE.L | NVDD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.85% | -34.80% | +17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -16.85% | -15.24% | -1.61% |
Current DrawdownCurrent decline from peak | -16.57% | -10.12% | -6.45% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -8.61% | +5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.85% | 7.06% | -0.21% |
Volatility
GLDE.L vs. NVDD.L - Volatility Comparison
The current volatility for IncomeShares Gold + Yield ETP GBP (GLDE.L) is 4.83%, while IncomeShares NVIDIA (NVDA) Options ETP GBP (NVDD.L) has a volatility of 10.14%. This indicates that GLDE.L experiences smaller price fluctuations and is considered to be less risky than NVDD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDE.L | NVDD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 10.14% | -5.31% |
Volatility (6M)Calculated over the trailing 6-month period | 17.78% | 19.56% | -1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.72% | 29.51% | -7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 37.19% | -18.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.50% | 37.19% | -18.69% |
GLDE.L vs. NVDD.L - Expense Ratio Comparison
GLDE.L has a 0.35% expense ratio, which is lower than NVDD.L's 0.55% expense ratio.
Dividends
GLDE.L vs. NVDD.L - Dividend Comparison
GLDE.L's dividend yield for the trailing twelve months is around 4.67%, less than NVDD.L's 35.08% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDE.L IncomeShares Gold + Yield ETP GBP | 4.67% | 4.82% | 0.38% |
NVDD.L IncomeShares NVIDIA (NVDA) Options ETP GBP | 35.08% | 44.17% | 13.80% |
Frequently Asked Questions
GLDE.L and NVDD.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDE.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDE.L is cheaper with a 0.35% expense ratio, compared with 0.55% for NVDD.L.
Their fees differ too: 0.35% for GLDE.L and 0.55% for NVDD.L.
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