NVDG vs. ASMG

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 2X Long NVDA Daily ETF (NVDG) and Leverage Shares 2X Long ASML Daily ETF (ASMG).

NVDG and ASMG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDG is an actively managed fund by Leverage Shares. It was launched on Dec 12, 2024. ASMG is an actively managed fund by Leverage Shares. It was launched on Jan 14, 2025.

Performance

NVDG vs. ASMG - Performance Comparison

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

NVDG vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	-17.87%	40.66%
ASMG Leverage Shares 2X Long ASML Daily ETF	40.33%	63.67%

Returns By Period

In the year-to-date period, NVDG achieves a -17.87% return, which is significantly lower than ASMG's 40.33% return.

NVDG

• 1D: 11.02%
• 1M: -5.35%
• YTD: -17.87%
• 6M: -22.83%
• 1Y: 93.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMG

• 1D: 10.26%
• 1M: -19.89%
• YTD: 40.33%
• 6M: 61.13%
• 1Y: 199.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDG vs. ASMG - Expense Ratio Comparison

Both NVDG and ASMG have an expense ratio of 0.75%.

NVDG

Leverage Shares 2X Long NVDA Daily ETF

ASMG

Leverage Shares 2X Long ASML Daily ETF

Return for Risk

NVDG vs. ASMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDG

NVDG Risk / Return Rank: 68
NVDG Sharpe Ratio Rank: 67
NVDG Sortino Ratio Rank: 76
NVDG Omega Ratio Rank: 66
NVDG Calmar Ratio Rank: 79
NVDG Martin Ratio Rank: 53

ASMG

ASMG Risk / Return Rank: 93
ASMG Sharpe Ratio Rank: 95
ASMG Sortino Ratio Rank: 92
ASMG Omega Ratio Rank: 86
ASMG Calmar Ratio Rank: 98
ASMG Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVDG vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NVDA Daily ETF (NVDG) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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.

	NVDG	ASMG	Difference
Sharpe ratio Return per unit of total volatility	1.15	2.42	-1.27
Sortino ratio Return per unit of downside risk	1.91	2.76	-0.86
Omega ratio Gain probability vs. loss probability	1.24	1.35	-0.11
Calmar ratio Return relative to maximum drawdown	2.11	5.48	-3.37
Martin ratio Return relative to average drawdown	5.07	14.51	-9.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDG vs. ASMG - Sharpe Ratio Comparison

The current NVDG Sharpe Ratio is 1.15, which is lower than the ASMG Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of NVDG and ASMG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NVDG	ASMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	2.42	-1.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	1.21	-1.15

Correlation

The correlation between NVDG and ASMG is 0.55, 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

NVDG vs. ASMG - Dividend Comparison

NVDG's dividend yield for the trailing twelve months is around 14.38%, more than ASMG's 7.98% yield.

	TTM	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	14.38%	11.81%
ASMG Leverage Shares 2X Long ASML Daily ETF	7.98%	11.20%

Drawdowns

NVDG vs. ASMG - Drawdown Comparison

The maximum NVDG drawdown since its inception was -66.19%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for NVDG and ASMG.

Drawdown Indicators

	NVDG	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-66.19%	-43.95%	-22.24%
Max Drawdown (1Y) Largest decline over 1 year	-42.72%	-34.56%	-8.16%
Current Drawdown Current decline from peak	-36.40%	-27.85%	-8.55%
Average Drawdown Average peak-to-trough decline	-24.00%	-13.57%	-10.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.77%	13.05%	+4.72%

Volatility

NVDG vs. ASMG - Volatility Comparison

The current volatility for Leverage Shares 2X Long NVDA Daily ETF (NVDG) is 20.82%, while Leverage Shares 2X Long ASML Daily ETF (ASMG) has a volatility of 30.09%. This indicates that NVDG experiences smaller price fluctuations and is considered to be less risky than ASMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDG	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.82%	30.09%	-9.27%
Volatility (6M) Calculated over the trailing 6-month period	51.08%	58.83%	-7.75%
Volatility (1Y) Calculated over the trailing 1-year period	81.33%	83.10%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	92.52%	82.32%	+10.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	92.52%	82.32%	+10.20%