NVDB vs. USD
NVDB (ProShares Ultra NVDA) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds from ProShares - NVDB tracks the NVIDIA Corporation while USD tracks the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.
Performance
NVDB vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, NVDB achieves a 8.52% return, which is significantly lower than USD's 69.08% return.
NVDB
- 1D
- -11.96%
- 1M
- -4.46%
- YTD
- 8.52%
- 6M
- 12.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- -16.84%
- 1M
- 0.03%
- YTD
- 69.08%
- 6M
- 62.79%
- 1Y
- 196.23%
- 3Y*
- 111.77%
- 5Y*
- 61.72%
- 10Y*
- 58.18%
NVDB vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDB ProShares Ultra NVDA | 8.52% | 2.15% |
USD ProShares Ultra Semiconductors | 69.08% | 12.20% |
Correlation
The correlation between NVDB and USD is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025 | 0.85 |
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Return for Risk
NVDB vs. USD — Risk / Return Rank
NVDB
USD
NVDB vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra NVDA (NVDB) and ProShares Ultra Semiconductors (USD). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| NVDB | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.10 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.46 | -0.26 |
Drawdowns
NVDB vs. USD - Drawdown Comparison
The maximum NVDB drawdown since its inception was -42.89%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for NVDB and USD.
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Drawdown Indicators
| NVDB | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -88.63% | +45.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.80% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -25.33% | -21.89% | -3.44% |
Average DrawdownAverage peak-to-trough decline | -18.84% | -32.34% | +13.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.06% | — |
Volatility
NVDB vs. USD - Volatility Comparison
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Volatility by Period
| NVDB | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 27.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 50.45% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 74.10% | 63.70% | +10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.10% | 76.91% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.10% | 69.45% | +4.65% |
NVDB vs. USD - Expense Ratio Comparison
Both NVDB and USD have an expense ratio of 0.95%.
Dividends
NVDB vs. USD - Dividend Comparison
NVDB's dividend yield for the trailing twelve months is around 1.00%, more than USD's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDB ProShares Ultra NVDA | 1.00% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.27% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
NVDB and USD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NVDB and USD have the same expense ratio: 0.95% per year.
NVDB has the higher dividend yield at 1.00%, compared with 0.27% for USD.
NVDB tracks NVIDIA Corporation, while USD tracks Dow Jones U.S. Semiconductors Index (200%).
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