NVDG vs. DRIP
Compare and contrast key facts about Leverage Shares 2X Long NVDA Daily ETF (NVDG) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP).
NVDG and DRIP 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. DRIP is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on Apr 1, 2020.
Performance
NVDG vs. DRIP - Performance Comparison
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NVDG vs. DRIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NVDG Leverage Shares 2X Long NVDA Daily ETF | -17.87% | 32.45% | -0.75% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -53.90% | -14.81% | 3.80% |
Returns By Period
In the year-to-date period, NVDG achieves a -17.87% return, which is significantly higher than DRIP's -53.90% return.
NVDG
- 1D
- 11.02%
- 1M
- -5.35%
- YTD
- -17.87%
- 6M
- -22.83%
- 1Y
- 93.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRIP
- 1D
- 4.02%
- 1M
- -30.07%
- YTD
- -53.90%
- 6M
- -51.15%
- 1Y
- -60.00%
- 3Y*
- -31.92%
- 5Y*
- -46.13%
- 10Y*
- -47.04%
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NVDG vs. DRIP - Expense Ratio Comparison
NVDG has a 0.75% expense ratio, which is lower than DRIP's 1.07% expense ratio.
Return for Risk
NVDG vs. DRIP — Risk / Return Rank
NVDG
DRIP
NVDG vs. DRIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NVDA Daily ETF (NVDG) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP). 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 | DRIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | -0.90 | +2.06 |
Sortino ratioReturn per unit of downside risk | 1.91 | -1.52 | +3.42 |
Omega ratioGain probability vs. loss probability | 1.24 | 0.83 | +0.41 |
Calmar ratioReturn relative to maximum drawdown | 2.11 | -0.80 | +2.91 |
Martin ratioReturn relative to average drawdown | 5.07 | -1.30 | +6.38 |
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
| NVDG | DRIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | -0.90 | +2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | -0.43 | +0.49 |
Correlation
The correlation between NVDG and DRIP is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
NVDG vs. DRIP - Dividend Comparison
NVDG's dividend yield for the trailing twelve months is around 14.38%, more than DRIP's 4.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NVDG Leverage Shares 2X Long NVDA Daily ETF | 14.38% | 11.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 4.28% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
Drawdowns
NVDG vs. DRIP - Drawdown Comparison
The maximum NVDG drawdown since its inception was -66.19%, smaller than the maximum DRIP drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for NVDG and DRIP.
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Drawdown Indicators
| NVDG | DRIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.19% | -99.95% | +33.76% |
Max Drawdown (1Y)Largest decline over 1 year | -42.72% | -76.02% | +33.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.92% | — |
Current DrawdownCurrent decline from peak | -36.40% | -99.94% | +63.54% |
Average DrawdownAverage peak-to-trough decline | -24.00% | -90.30% | +66.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.77% | 46.55% | -28.78% |
Volatility
NVDG vs. DRIP - Volatility Comparison
Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a higher volatility of 20.82% compared to Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) at 14.57%. This indicates that NVDG's price experiences larger fluctuations and is considered to be riskier than DRIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDG | DRIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.82% | 14.57% | +6.25% |
Volatility (6M)Calculated over the trailing 6-month period | 51.08% | 38.68% | +12.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.33% | 66.53% | +14.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.52% | 68.89% | +23.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.52% | 97.12% | -4.60% |