NVDD.L vs. SMH3.L
Compare and contrast key facts about IncomeShares NVIDIA (NVDA) Options ETP GBP (NVDD.L) and Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L).
NVDD.L and SMH3.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDD.L is an actively managed fund by Leverage Shares. It was launched on Jul 18, 2024. SMH3.L is an actively managed fund by Leverage Shares. It was launched on Dec 10, 2021.
Performance
NVDD.L vs. SMH3.L - Performance Comparison
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NVDD.L vs. SMH3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NVDD.L IncomeShares NVIDIA (NVDA) Options ETP GBP | -14.11% | -22.81% | 3.90% |
SMH3.L Leverage Shares 3x Long Semiconductors ETP Securities | 14.35% | 62.22% | -29.64% |
Different Trading Currencies
NVDD.L is traded in GBp, while SMH3.L is traded in USD. To make them comparable, the SMH3.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, NVDD.L achieves a -14.11% return, which is significantly lower than SMH3.L's 14.35% return.
NVDD.L
- 1D
- -1.18%
- 1M
- -2.42%
- YTD
- -14.11%
- 6M
- -18.25%
- 1Y
- -5.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH3.L
- 1D
- 17.77%
- 1M
- -9.92%
- YTD
- 14.35%
- 6M
- 36.88%
- 1Y
- 259.86%
- 3Y*
- 77.83%
- 5Y*
- —
- 10Y*
- —
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NVDD.L vs. SMH3.L - Expense Ratio Comparison
NVDD.L has a 0.55% expense ratio, which is lower than SMH3.L's 0.75% expense ratio.
Return for Risk
NVDD.L vs. SMH3.L — Risk / Return Rank
NVDD.L
SMH3.L
NVDD.L vs. SMH3.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares NVIDIA (NVDA) Options ETP GBP (NVDD.L) and Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L). 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.
| NVDD.L | SMH3.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.10 | 2.68 | -2.78 |
Sortino ratioReturn per unit of downside risk | 0.24 | 2.74 | -2.50 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.35 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | -0.16 | 6.78 | -6.94 |
Martin ratioReturn relative to average drawdown | -0.29 | 21.22 | -21.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVDD.L | SMH3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 2.68 | -2.78 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 0.16 | -0.54 |
Correlation
The correlation between NVDD.L and SMH3.L is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
NVDD.L vs. SMH3.L - Dividend Comparison
Neither NVDD.L nor SMH3.L has paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
NVDD.L IncomeShares NVIDIA (NVDA) Options ETP GBP | 0.00% | 0.00% | 10.63% |
SMH3.L Leverage Shares 3x Long Semiconductors ETP Securities | 0.00% | 0.00% | 0.00% |
Drawdowns
NVDD.L vs. SMH3.L - Drawdown Comparison
The maximum NVDD.L drawdown since its inception was -44.37%, smaller than the maximum SMH3.L drawdown of -87.38%. Use the drawdown chart below to compare losses from any high point for NVDD.L and SMH3.L.
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Drawdown Indicators
| NVDD.L | SMH3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.37% | -89.37% | +45.00% |
Max Drawdown (1Y)Largest decline over 1 year | -41.58% | -43.09% | +1.51% |
Current DrawdownCurrent decline from peak | -40.96% | -24.85% | -16.11% |
Average DrawdownAverage peak-to-trough decline | -21.99% | -50.06% | +28.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.65% | 12.21% | +10.44% |
Volatility
NVDD.L vs. SMH3.L - Volatility Comparison
The current volatility for IncomeShares NVIDIA (NVDA) Options ETP GBP (NVDD.L) is 6.75%, while Leverage Shares 3x Long Semiconductors ETP Securities (SMH3.L) has a volatility of 30.37%. This indicates that NVDD.L experiences smaller price fluctuations and is considered to be less risky than SMH3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDD.L | SMH3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 30.37% | -23.62% |
Volatility (6M)Calculated over the trailing 6-month period | 47.15% | 67.49% | -20.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.49% | 96.59% | -42.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.75% | 97.87% | -47.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.75% | 97.87% | -47.12% |