NVDB vs. NVDG
NVDB (ProShares Ultra NVDA) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. NVDB is passively managed, while NVDG is actively managed. Their 0.99 correlation means they have historically moved very closely together. NVDB charges 0.95%/yr vs 0.75%/yr for NVDG.
Performance
NVDB vs. NVDG - Performance Comparison
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Returns By Period
In the year-to-date period, NVDB achieves a -1.03% return, which is significantly lower than NVDG's -0.36% return.
NVDB
- 1D
- 5.52%
- 1M
- 3.80%
- 6M
- -4.26%
- YTD
- -1.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NVDG
- 1D
- 5.91%
- 1M
- 4.55%
- 6M
- -3.62%
- YTD
- -0.36%
- 1Y
- 4.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $471.67K | $569.36K | $937.39K | |
| $3.01M | $3.98M | $6.31M |
NVDB vs. NVDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDB ProShares Ultra NVDA | -1.03% | 1.98% |
NVDG Leverage Shares 2X Long NVDA Daily ETF | -0.36% | 10.34% |
Correlation
The correlation between NVDB and NVDG is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.99 |
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Return for Risk
NVDB vs. NVDG — Risk / Return Rank
NVDB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NVDG
NVDB vs. NVDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra NVDA (NVDB) 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.
| NVDB | NVDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.06 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.02 | — |
| Martin ratioReturn relative to average drawdown | — | -0.04 | — |
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Drawdowns
NVDB vs. NVDG - Drawdown Comparison
The maximum NVDB drawdown since its inception was -42.89%, smaller than the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for NVDB and NVDG.
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Drawdown Indicators
| NVDB | NVDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -66.19% | +23.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.72% | — |
Current DrawdownCurrent decline from peak | -31.90% | -31.58% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -20.44% | -23.52% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.96% | — |
Volatility
NVDB vs. NVDG - Volatility Comparison
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Volatility by Period
| NVDB | NVDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 55.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 74.23% | 72.25% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.23% | 89.76% | -15.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.23% | 89.76% | -15.53% |
NVDB vs. NVDG - Expense Ratio Comparison
NVDB has a 0.95% expense ratio, which is higher than NVDG's 0.75% expense ratio.
Dividends
NVDB vs. NVDG - Dividend Comparison
NVDB's dividend yield for the trailing twelve months is around 1.63%, less than NVDG's 11.85% yield.
| Position | TTM | 2025 |
|---|---|---|
NVDB ProShares Ultra NVDA | 1.63% | 0.55% |
NVDG Leverage Shares 2X Long NVDA Daily ETF | 11.85% | 11.81% |
Frequently Asked Questions
With a correlation of 0.99, NVDB and NVDG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, NVDG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDG is cheaper with a 0.75% expense ratio, compared with 0.95% for NVDB.
NVDG has the higher dividend yield at 11.85%, compared with 1.63% for NVDB.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for NVDB and 0.75% for NVDG.
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