NVDB vs. PLUL

Last updated Jul 22, 2026

NVDB (ProShares Ultra NVDA) and PLUL (Leverage Shares 2X Long PLUG Daily ETF) are both Leveraged Equities funds - NVDB tracks the NVIDIA Corporation while PLUL tracks the Plug Power Inc. (PLUG). Both are passively managed. At a 0.32 correlation, their price movements are largely independent. NVDB charges 0.95%/yr vs 0.75%/yr for PLUL.

Performance

NVDB vs. PLUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra NVDA (NVDB) and Leverage Shares 2X Long PLUG Daily ETF (PLUL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NVDB

• 1D: 3.95%
• 1M: -4.73%
• 6M: 18.76%
• YTD: 6.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PLUL

• 1D: 12.71%
• 1M: -38.92%
• 6M: -39.94%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

NVDB vs. PLUL - Yearly Performance Comparison

	2026 (YTD)
NVDB ProShares Ultra NVDA	9.26%
PLUL Leverage Shares 2X Long PLUG Daily ETF	-38.36%

Correlation

The correlation between NVDB and PLUL is 0.32, 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 Jan 13, 2026	0.32

Return for Risk

NVDB vs. PLUL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra NVDA (NVDB) and Leverage Shares 2X Long PLUG Daily ETF (PLUL). 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

NVDB vs. PLUL - Drawdown Comparison

The maximum NVDB drawdown since its inception was -42.89%, smaller than the maximum PLUL drawdown of -75.83%. Use the drawdown chart below to compare losses from any high point for NVDB and PLUL.

Drawdown Indicators

	NVDB	PLUL	Difference
Max Drawdown Largest peak-to-trough decline	-42.89%	-75.83%	+32.94%
Current Drawdown Current decline from peak	-26.41%	-72.76%	+46.35%
Average Drawdown Average peak-to-trough decline	-20.04%	-33.06%	+13.02%

Volatility

Volatility by Period

	NVDB	PLUL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	73.69%	177.53%	-103.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.69%	177.53%	-103.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.69%	177.53%	-103.84%

NVDB vs. PLUL - Expense Ratio Comparison

NVDB has a 0.95% expense ratio, which is higher than PLUL's 0.75% expense ratio.

Dividends

NVDB vs. PLUL - Dividend Comparison

NVDB's dividend yield for the trailing twelve months is around 1.51%, while PLUL has not paid dividends to shareholders.

Position	TTM	2025
NVDB ProShares Ultra NVDA	1.51%	0.55%
PLUL Leverage Shares 2X Long PLUG Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDB and PLUL in my portfolio?

NVDB and PLUL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDB or PLUL?

On fees, PLUL is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDB or PLUL?

PLUL is cheaper with a 0.75% expense ratio, compared with 0.95% for NVDB.

Which ETF pays a higher dividend yield, NVDB or PLUL?

NVDB has the higher dividend yield at 1.51%, compared with 0.00% for PLUL.

What is the main difference between NVDB and PLUL?

NVDB tracks NVIDIA Corporation, while PLUL tracks Plug Power Inc. (PLUG). They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for NVDB and 0.75% for PLUL.