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 0.83 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 11.22% return, which is significantly lower than USD's 85.14% return.
NVDB
- 1D
- 7.86%
- 1M
- 3.62%
- 6M
- 13.85%
- YTD
- 11.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- 3.09%
- 1M
- 1.14%
- 6M
- 76.15%
- YTD
- 85.14%
- 1Y
- 147.75%
- 3Y*
- 110.61%
- 5Y*
- 62.46%
- 10Y*
- 58.67%
NVDB vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDB ProShares Ultra NVDA | 11.22% | 1.98% |
USD ProShares Ultra Semiconductors | 85.14% | 21.72% |
Correlation
The correlation between NVDB and USD is 0.83, 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 10, 2025 | 0.83 |
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Return for Risk
NVDB vs. USD — Risk / Return Rank
NVDB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.70 | — |
| Martin ratioReturn relative to average drawdown | — | 12.39 | — |
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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 | -23.47% | -14.47% | -9.00% |
Average DrawdownAverage peak-to-trough decline | -19.82% | -32.26% | +12.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.05% | — |
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 | — | 32.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 57.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.49% | 69.99% | +3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.49% | 78.11% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.49% | 69.98% | +3.51% |
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 1.45%, more than USD's 0.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDB ProShares Ultra NVDA | 1.45% | 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 | 0.31% | 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 0.83, 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 1.45%, compared with 0.31% for USD.
NVDB tracks NVIDIA Corporation, while USD tracks Dow Jones U.S. Semiconductors Index (200%).
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