NVDG vs. CRMG

Last updated Jun 5, 2026

NVDG (Leverage Shares 2X Long NVDA Daily ETF) and CRMG (Leverage Shares 2X Long CRM Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past year, NVDG returned 88.87% vs -60.55% for CRMG. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

NVDG vs. CRMG - 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 CRM Daily ETF (CRMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDG achieves a 23.86% return, which is significantly higher than CRMG's -56.09% return.

NVDG

• 1D: 4.14%
• 1M: 21.48%
• YTD: 23.86%
• 6M: 26.22%
• 1Y: 88.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRMG

• 1D: -1.95%
• 1M: -1.95%
• YTD: -56.09%
• 6M: -50.25%
• 1Y: -60.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDG vs. CRMG - Yearly Performance Comparison

	2026 (YTD)	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	23.86%	218.14%
CRMG Leverage Shares 2X Long CRM Daily ETF	-56.09%	3.69%

Correlation

The correlation between NVDG and CRMG is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	0.14

The correlation between NVDG and CRMG shifts across timeframes, from 0.03 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NVDG vs. CRMG — Risk / Return Rank

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

NVDG

NVDG Risk / Return Rank: 37
NVDG Sharpe Ratio Rank: 38
NVDG Sortino Ratio Rank: 38
NVDG Omega Ratio Rank: 36
NVDG Calmar Ratio Rank: 43
NVDG Martin Ratio Rank: 32

CRMG

CRMG Risk / Return Rank: 2
CRMG Sharpe Ratio Rank: 3
CRMG Sortino Ratio Rank: 3
CRMG Omega Ratio Rank: 3
CRMG Calmar Ratio Rank: 2
CRMG Martin Ratio Rank: 1

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. CRMG - 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 CRM Daily ETF (CRMG). 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	CRMG	Difference
Sharpe ratio: Return per unit of total volatility	1.32	-0.81	+2.13
Sortino ratio: Return per unit of downside risk	1.94	-1.14	+3.08
Omega ratio: Gain probability vs. loss probability	1.23	0.86	+0.37
Calmar ratio: Return relative to maximum drawdown	2.09	-0.86	+2.95
Martin ratio: Return relative to average drawdown	4.75	-1.47	+6.22
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. CRMG - Sharpe Ratio Comparison

The current NVDG Sharpe Ratio is 1.32, which is higher than the CRMG Sharpe Ratio of -0.81. The chart below compares the historical Sharpe Ratios of NVDG and CRMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NVDG	CRMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	-0.81	+2.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	-0.65	+1.09

Drawdowns

NVDG vs. CRMG - Drawdown Comparison

The maximum NVDG drawdown since its inception was -66.19%, smaller than the maximum CRMG drawdown of -74.38%. Use the drawdown chart below to compare losses from any high point for NVDG and CRMG.

Drawdown Indicators

	NVDG	CRMG	Difference
Max Drawdown Largest peak-to-trough decline	-66.19%	-74.38%	+8.19%
Max Drawdown (1Y) Largest decline over 1 year	-42.72%	-70.91%	+28.19%
Current Drawdown Current decline from peak	-14.96%	-67.87%	+52.91%
Average Drawdown Average peak-to-trough decline	-23.05%	-37.81%	+14.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.79%	41.08%	-22.29%

Volatility

NVDG vs. CRMG - Volatility Comparison

The current volatility for Leverage Shares 2X Long NVDA Daily ETF (NVDG) is 25.17%, while Leverage Shares 2X Long CRM Daily ETF (CRMG) has a volatility of 34.03%. This indicates that NVDG experiences smaller price fluctuations and is considered to be less risky than CRMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDG	CRMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.17%	34.03%	-8.86%
Volatility (6M) Calculated over the trailing 6-month period	50.28%	63.87%	-13.59%
Volatility (1Y) Calculated over the trailing 1-year period	67.73%	75.31%	-7.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.65%	75.62%	+15.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.65%	75.62%	+15.03%

NVDG vs. CRMG - Expense Ratio Comparison

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

Dividends

NVDG vs. CRMG - Dividend Comparison

NVDG's dividend yield for the trailing twelve months is around 9.54%, while CRMG has not paid dividends to shareholders.

Position	TTM	2025
CRMG Leverage Shares 2X Long CRM Daily ETF	0.00%	0.00%
NVDG Leverage Shares 2X Long NVDA Daily ETF	9.54%	11.81%

Frequently Asked Questions

Can I hold both NVDG and CRMG in my portfolio?

NVDG and CRMG have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDG or CRMG?

CRMG has higher volatility (34.03%) compared to NVDG (25.17%). In terms of maximum drawdown, NVDG dropped -66.19% vs CRMG's -74.38%.

Which ETF is better, NVDG or CRMG?

On 1-year performance, NVDG leads with 88.87% vs -60.55% for CRMG. Both ETFs have the same 0.75% expense ratio. On volatility, NVDG has been the lower-risk option at 25.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDG or CRMG?

Over the 1-year period, NVDG has performed better with a 88.87% return vs -60.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDG or CRMG?

NVDG and CRMG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, NVDG or CRMG?

NVDG has the higher dividend yield at 9.54%, compared with 0.00% for CRMG.

Which has better risk-adjusted returns?

NVDG currently has the higher Sharpe Ratio (1.32 vs -0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.