NMAY vs. NVDO
NMAY (Innovator Growth-100 Power Buffer ETF - May) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. NMAY is passively managed, while NVDO is actively managed. A 0.57 correlation means they provide meaningful diversification when combined. NMAY charges 0.79%/yr vs 0.77%/yr for NVDO.
Performance
NMAY vs. NVDO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NMAY achieves a 4.51% return, which is significantly lower than NVDO's 14.63% return.
NMAY
- 1D
- -1.76%
- 1M
- 0.36%
- YTD
- 4.51%
- 6M
- 5.13%
- 1Y
- 13.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDO
- 1D
- -5.25%
- 1M
- 6.30%
- YTD
- 14.63%
- 6M
- 23.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NMAY vs. NVDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NMAY Innovator Growth-100 Power Buffer ETF - May | 4.51% | 3.42% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 14.63% | 11.12% |
Correlation
The correlation between NMAY and NVDO is 0.57, 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 | 0.57 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NMAY vs. NVDO — Risk / Return Rank
NMAY
NVDO
NMAY vs. NVDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - May (NMAY) 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.
| NMAY | NVDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.58 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.75 | — | — |
| Martin ratioReturn relative to average drawdown | 34.97 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NMAY | NVDO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.00 | 1.08 | +1.93 |
Drawdowns
NMAY vs. NVDO - Drawdown Comparison
The maximum NMAY drawdown since its inception was -1.94%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for NMAY and NVDO.
Loading charts...
Drawdown Indicators
| NMAY | NVDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.94% | -16.25% | +14.31% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | — | — |
Current DrawdownCurrent decline from peak | -1.94% | -6.14% | +4.20% |
Average DrawdownAverage peak-to-trough decline | -0.20% | -4.97% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | — | — |
Volatility
NMAY vs. NVDO - Volatility Comparison
Loading charts...
Volatility by Period
| NMAY | NVDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.89% | 32.39% | -27.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.33% | 32.39% | -27.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 32.39% | -27.06% |
NMAY vs. NVDO - Expense Ratio Comparison
NMAY has a 0.79% expense ratio, which is higher than NVDO's 0.77% expense ratio.
Dividends
NMAY vs. NVDO - Dividend Comparison
NMAY has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.53%.
| Position | TTM | 2025 |
|---|---|---|
NMAY Innovator Growth-100 Power Buffer ETF - May | 0.00% | 0.00% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 14.53% | 16.66% |
Frequently Asked Questions
NMAY and NVDO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
NVDO is cheaper with a 0.77% expense ratio, compared with 0.79% for NMAY.
NVDO has the higher dividend yield at 14.53%, compared with 0.00% for NMAY.
They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for NMAY and 0.77% for NVDO.
Find the right allocation for NMAY and NVDO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer