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 4.49% vs 25.63% for HDV. Their -0.13 correlation means they have often moved in opposite directions in the past. NVDG charges 0.75%/yr vs 0.08%/yr for HDV.
Performance
NVDG vs. HDV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NVDG achieves a -0.36% return, which is significantly lower than HDV's 20.03% return.
NVDG
- 1D
- 5.91%
- 1M
- 4.55%
- 6M
- -3.62%
- YTD
- -0.36%
- 1Y
- 4.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.19%
HDV
- 1D
- 0.03%
- 1M
- 2.79%
- 6M
- 10.43%
- YTD
- 20.03%
- 1Y
- 25.63%
- 3Y*
- 15.43%
- 5Y*
- 12.05%
- 10Y*
- 9.66%
- ALL TIME*
- 10.83%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $196.84M | $160.55M | $106.56M | |
| $3.01M | $3.98M | $6.31M |
NVDG vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NVDG Leverage Shares 2X Long NVDA Daily ETF | -0.36% | 32.45% | -0.52% |
HDV iShares Core High Dividend ETF | 20.03% | 11.90% | -2.70% |
Correlation
The correlation between NVDG and HDV is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024 | -0.13 |
The correlation between NVDG and HDV shifts across timeframes, from -0.27 (1 year) to -0.13 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVDG | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.42 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 4.98 | -5.00 |
| Martin ratioReturn relative to average drawdown | -0.04 | 13.63 | -13.67 |
Loading charts...
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.
Loading charts...
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 | -31.58% | -1.41% | -30.17% |
Average DrawdownAverage peak-to-trough decline | -23.52% | -3.06% | -20.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.96% | 1.89% | +20.07% |
Volatility
NVDG vs. HDV - Volatility Comparison
Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a higher volatility of 24.57% compared to iShares Core High Dividend ETF (HDV) at 4.98%. 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.
Loading charts...
Volatility by Period
| NVDG | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.57% | 4.98% | +19.59% |
Volatility (6M)Calculated over the trailing 6-month period | 55.94% | 8.72% | +47.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.25% | 10.85% | +61.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.76% | 12.95% | +76.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.76% | 15.78% | +73.98% |
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 11.85%, more than HDV's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 3.07% | 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 | 11.85% | 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 -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDG has higher volatility (24.57%) compared to HDV (4.98%). In terms of maximum drawdown, NVDG dropped -66.19% vs HDV's -37.04%.
On 1-year performance, HDV leads with 25.63% vs 4.49% for NVDG. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDV has performed better with a 25.63% return vs 4.49%. 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 11.85%, compared with 3.07% 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 (2.39 vs -0.01), 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.
Find the right allocation for NVDG and HDV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer