NVDG vs. LVHD
NVDG (Leverage Shares 2X Long NVDA Daily ETF) and LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) are both exchange-traded funds - NVDG is a Leveraged Equities fund actively managed by Leverage Shares, while LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index. NVDG is actively managed, while LVHD is passively managed. Over the past year, NVDG returned 26.25% vs 16.26% for LVHD. At a correlation of -0.12, they often move in opposite directions. NVDG charges 0.75%/yr vs 0.27%/yr for LVHD.
Performance
NVDG vs. LVHD - Performance Comparison
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Returns By Period
In the year-to-date period, NVDG achieves a -2.91% return, which is significantly lower than LVHD's 11.74% return.
NVDG
- 1D
- -2.92%
- 1M
- -19.09%
- YTD
- -2.91%
- 6M
- -5.36%
- 1Y
- 26.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LVHD
- 1D
- 0.50%
- 1M
- 2.68%
- YTD
- 11.74%
- 6M
- 11.10%
- 1Y
- 16.26%
- 3Y*
- 10.82%
- 5Y*
- 7.53%
- 10Y*
- 8.56%
NVDG vs. LVHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NVDG Leverage Shares 2X Long NVDA Daily ETF | -2.91% | 32.45% | -0.52% |
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 11.74% | 7.50% | -2.75% |
Correlation
The correlation between NVDG and LVHD is -0.25, 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 | -0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024 | -0.12 |
The correlation between NVDG and LVHD shifts across timeframes, from -0.25 (1 year) to -0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NVDG vs. LVHD — Risk / Return Rank
NVDG
LVHD
NVDG vs. LVHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NVDA Daily ETF (NVDG) and Franklin U.S. Low Volatility High Dividend Index ETF (LVHD). 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 | LVHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.29 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 2.65 | -2.03 |
| Martin ratioReturn relative to average drawdown | 1.33 | 6.59 | -5.26 |
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Drawdowns
NVDG vs. LVHD - Drawdown Comparison
The maximum NVDG drawdown since its inception was -66.19%, which is greater than LVHD's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for NVDG and LVHD.
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Drawdown Indicators
| NVDG | LVHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.19% | -37.32% | -28.87% |
Max Drawdown (1Y)Largest decline over 1 year | -42.72% | -6.17% | -36.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.32% | — |
Current DrawdownCurrent decline from peak | -33.33% | -0.37% | -32.96% |
Average DrawdownAverage peak-to-trough decline | -23.10% | -4.03% | -19.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.80% | 2.48% | +17.32% |
Volatility
NVDG vs. LVHD - Volatility Comparison
Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a higher volatility of 25.96% compared to Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) at 4.00%. This indicates that NVDG's price experiences larger fluctuations and is considered to be riskier than LVHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDG | LVHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.96% | 4.00% | +21.96% |
Volatility (6M)Calculated over the trailing 6-month period | 52.33% | 7.24% | +45.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.14% | 9.96% | +60.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.40% | 12.92% | +77.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.40% | 15.53% | +74.87% |
NVDG vs. LVHD - Expense Ratio Comparison
NVDG has a 0.75% expense ratio, which is higher than LVHD's 0.27% expense ratio.
Dividends
NVDG vs. LVHD - Dividend Comparison
NVDG's dividend yield for the trailing twelve months is around 12.17%, more than LVHD's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LVHD Franklin U.S. Low Volatility High Dividend Index ETF | 3.25% | 3.35% | 4.23% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.82% | 3.33% | 2.48% |
NVDG Leverage Shares 2X Long NVDA Daily ETF | 12.17% | 11.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVDG and LVHD have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDG has higher volatility (25.96%) compared to LVHD (4.00%). In terms of maximum drawdown, NVDG dropped -66.19% vs LVHD's -37.32%.
On 1-year performance, NVDG leads with 26.25% vs 16.26% for LVHD. On fees, LVHD is cheaper at 0.27% per year. On volatility, LVHD has been the lower-risk option at 4.00%. 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 26.25% return vs 16.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LVHD is cheaper with a 0.27% expense ratio, compared with 0.75% for NVDG.
NVDG has the higher dividend yield at 12.17%, compared with 3.25% for LVHD.
NVDG is categorized as Leveraged Equities, while LVHD is Dividend. They also come from different issuers: Leverage Shares and Franklin Templeton. Their fees differ too: 0.75% for NVDG and 0.27% for LVHD.
LVHD currently has the higher Sharpe Ratio (1.66 vs 0.38), 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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