NVDG vs. HDV
NVDG (Leverage Shares 2X Long NVDA Daily ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - NVDG is a Leveraged Equities fund actively managed by Leverage Shares, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. NVDG is actively managed, while HDV is passively managed. Over the past year, NVDG returned 70.59% vs 22.66% for HDV. At a correlation of -0.09, they often move in opposite directions. NVDG charges 0.75%/yr vs 0.08%/yr for HDV.
Performance
NVDG vs. HDV - Performance Comparison
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Returns By Period
In the year-to-date period, NVDG achieves a 8.61% return, which is significantly lower than HDV's 13.73% return.
NVDG
- 1D
- -12.31%
- 1M
- -4.74%
- YTD
- 8.61%
- 6M
- 11.95%
- 1Y
- 70.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 0.22%
- 1M
- 1.36%
- YTD
- 13.73%
- 6M
- 14.28%
- 1Y
- 22.66%
- 3Y*
- 15.37%
- 5Y*
- 10.52%
- 10Y*
- 9.27%
NVDG vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NVDG Leverage Shares 2X Long NVDA Daily ETF | 8.61% | 32.45% | -0.75% |
HDV iShares Core High Dividend ETF | 13.73% | 11.90% | -2.47% |
Correlation
The correlation between NVDG and HDV is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024 | -0.09 |
The correlation between NVDG and HDV shifts across timeframes, from -0.21 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NVDG vs. HDV — Risk / Return Rank
NVDG
HDV
NVDG vs. HDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NVDA Daily ETF (NVDG) and iShares Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.40 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 4.40 | -2.73 |
| Martin ratioReturn relative to average drawdown | 3.75 | 12.22 | -8.47 |
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 | HDV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 2.35 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.82 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.73 | -0.42 |
Drawdowns
NVDG vs. HDV - Drawdown Comparison
The maximum NVDG drawdown since its inception was -66.19%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for NVDG and HDV.
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Drawdown Indicators
| NVDG | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.19% | -37.04% | -29.15% |
Max Drawdown (1Y)Largest decline over 1 year | -42.72% | -5.18% | -37.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -25.43% | -1.65% | -23.78% |
Average DrawdownAverage peak-to-trough decline | -23.05% | -3.09% | -19.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.86% | 1.86% | +17.00% |
Volatility
NVDG vs. HDV - Volatility Comparison
Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a higher volatility of 26.49% compared to iShares Core High Dividend ETF (HDV) at 3.16%. This indicates that NVDG's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDG | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.49% | 3.16% | +23.33% |
Volatility (6M)Calculated over the trailing 6-month period | 51.99% | 7.51% | +44.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.90% | 9.71% | +59.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.12% | 12.82% | +78.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.12% | 15.73% | +75.39% |
NVDG vs. HDV - Expense Ratio Comparison
NVDG has a 0.75% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
NVDG vs. HDV - Dividend Comparison
NVDG's dividend yield for the trailing twelve months is around 10.88%, more than HDV's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.88% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
NVDG Leverage Shares 2X Long NVDA Daily ETF | 10.88% | 11.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVDG and HDV have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDG has higher volatility (26.49%) compared to HDV (3.16%). In terms of maximum drawdown, NVDG dropped -66.19% vs HDV's -37.04%.
On 1-year performance, NVDG leads with 70.59% vs 22.66% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NVDG has performed better with a 70.59% return vs 22.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HDV is cheaper with a 0.08% expense ratio, compared with 0.75% for NVDG.
NVDG has the higher dividend yield at 10.88%, compared with 2.88% for HDV.
NVDG is categorized as Leveraged Equities, while HDV is Dividend. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for NVDG and 0.08% for HDV.
HDV currently has the higher Sharpe Ratio (2.35 vs 1.03), 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.
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