JULB vs. NVDO

Last updated Aug 1, 2026

JULB (Aptus July Buffer ETF) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. Their 0.52 correlation means they have sometimes moved together and sometimes differently. JULB charges 0.25%/yr vs 0.77%/yr for NVDO.

Performance

JULB vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aptus July Buffer ETF (JULB) 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, JULB achieves a 8.08% return, which is significantly lower than NVDO's 16.35% return.

JULB

• 1D: 0.54%
• 1M: 0.57%
• 6M: 7.15%
• YTD: 8.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NVDO

• 1D: 0.00%
• 1M: 0.00%
• 6M: 10.90%
• YTD: 16.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JULB Aptus July Buffer ETF	$122.17K	$181.25K	$221.75K
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	$0.00	$0.00	$23.88K

JULB vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
JULB Aptus July Buffer ETF	8.08%	2.44%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	16.35%	5.03%

Correlation

The correlation between JULB and NVDO is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025	0.52

Return for Risk

JULB vs. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aptus July Buffer ETF (JULB) 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.

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

Drawdowns

JULB vs. NVDO - Drawdown Comparison

The maximum JULB drawdown since its inception was -5.24%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for JULB and NVDO.

Drawdown Indicators

	JULB	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-5.24%	-16.25%	+11.01%
Current Drawdown Current decline from peak	-0.20%	-4.73%	+4.53%
Average Drawdown Average peak-to-trough decline	-0.78%	-4.95%	+4.17%

Volatility

Volatility by Period

	JULB	NVDO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.81%	30.29%	-23.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.81%	30.29%	-23.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.81%	30.29%	-23.48%

JULB vs. NVDO - Expense Ratio Comparison

JULB has a 0.25% expense ratio, which is lower than NVDO's 0.77% expense ratio.

Dividends

JULB vs. NVDO - Dividend Comparison

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

Position	TTM	2025
JULB Aptus July Buffer ETF	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.32%	16.66%

Frequently Asked Questions

Can I hold both JULB and NVDO in my portfolio?

JULB 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, JULB or NVDO?

On fees, JULB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JULB or NVDO?

JULB is cheaper with a 0.25% expense ratio, compared with 0.77% for NVDO.

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

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

What is the main difference between JULB and NVDO?

They also come from different issuers: Aptus and Leverage Shares. Their fees differ too: 0.25% for JULB and 0.77% for NVDO.