IJUL vs. NVDO

Last updated Jun 24, 2026

IJUL (Innovator International Developed Power Buffer ETF - July) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. IJUL is passively managed, while NVDO is actively managed. At a 0.43 correlation, their price movements are largely independent. IJUL charges 0.85%/yr vs 0.77%/yr for NVDO.

Performance

IJUL vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator International Developed Power Buffer ETF - July (IJUL) 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, IJUL achieves a 6.52% return, which is significantly lower than NVDO's 16.35% return.

IJUL

• 1D: -0.39%
• 1M: 1.28%
• YTD: 6.52%
• 6M: 6.64%
• 1Y: 15.14%
• 3Y*: 11.57%
• 5Y*: 7.89%
• 10Y*: —

NVDO

• 1D: 0.00%
• 1M: 1.57%
• YTD: 16.35%
• 6M: 18.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IJUL vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
IJUL Innovator International Developed Power Buffer ETF - July	6.52%	3.94%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	16.35%	10.05%

Correlation

The correlation between IJUL 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

Return for Risk

IJUL vs. NVDO — Risk / Return Rank

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

IJUL

IJUL Risk / Return Rank: 66
IJUL Sharpe Ratio Rank: 64
IJUL Sortino Ratio Rank: 67
IJUL Omega Ratio Rank: 67
IJUL Calmar Ratio Rank: 62
IJUL Martin Ratio Rank: 69

NVDO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

IJUL vs. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator International Developed Power Buffer ETF - July (IJUL) 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.

	IJUL	NVDO	Difference
Sharpe ratio: Return per unit of total volatility	1.91	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.84	—	—
Martin ratio: Return relative to average drawdown	11.59	—	—

Drawdowns

IJUL vs. NVDO - Drawdown Comparison

The maximum IJUL drawdown since its inception was -21.09%, which is greater than NVDO's maximum drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for IJUL and NVDO.

Drawdown Indicators

	IJUL	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-21.09%	-16.25%	-4.84%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.59%	—	—
Current Drawdown Current decline from peak	-0.39%	-4.73%	+4.34%
Average Drawdown Average peak-to-trough decline	-2.53%	-4.97%	+2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.31%	—	—

Volatility

Volatility by Period

	IJUL	NVDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.96%	32.12%	-24.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.88%	32.12%	-22.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.06%	32.12%	-21.06%

IJUL vs. NVDO - Expense Ratio Comparison

IJUL has a 0.85% expense ratio, which is higher than NVDO's 0.77% expense ratio.

Dividends

IJUL vs. NVDO - Dividend Comparison

IJUL has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.32%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IJUL Innovator International Developed Power Buffer ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.99%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.32%	16.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IJUL and NVDO in my portfolio?

IJUL 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.

Which ETF is better, IJUL or NVDO?

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.

Which ETF is cheaper, IJUL or NVDO?

NVDO is cheaper with a 0.77% expense ratio, compared with 0.85% for IJUL.

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

NVDO has the higher dividend yield at 14.32%, compared with 0.00% for IJUL.

What is the main difference between IJUL and NVDO?

They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.85% for IJUL and 0.77% for NVDO.