NVDG vs. NVDA

Last updated Aug 1, 2026

NVDG (Leverage Shares 2X Long NVDA Daily ETF) is Leveraged Equities fund actively managed by Leverage Shares, while NVDA (NVIDIA Corporation) is a stock. Over the past year, NVDG returned 4.49% vs 15.71% for NVDA. Their 1.00 correlation means they have historically moved very closely together.

Performance

NVDG vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NVDA Daily ETF (NVDG) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDG achieves a -0.36% return, which is significantly lower than NVDA's 7.77% return.

NVDG

• 1D: 5.91%
• 1M: 4.55%
• 6M: -3.62%
• YTD: -0.36%
• 1Y: 4.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.19%

NVDA

• 1D: 2.93%
• 1M: 3.04%
• 6M: 5.16%
• YTD: 7.77%
• 1Y: 15.71%
• 3Y*: 62.93%
• 5Y*: 59.52%
• 10Y*: 64.62%
• ALL TIME*: 36.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NVDA NVIDIA Corporation	$25.46B	$26.13B	$31.85B
NVDG Leverage Shares 2X Long NVDA Daily ETF	$3.01M	$3.98M	$6.31M

NVDG vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NVDG Leverage Shares 2X Long NVDA Daily ETF	-0.36%	32.45%	-0.52%
NVDA NVIDIA Corporation	7.77%	38.92%	-2.22%

Correlation

The correlation between NVDG and NVDA is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	1.00

The correlation between NVDG and NVDA has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

NVDG vs. NVDA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NVDG

NVDG Risk / Return Rank: 13
NVDG Sharpe Ratio Rank: 11
NVDG Sortino Ratio Rank: 16
NVDG Omega Ratio Rank: 16
NVDG Calmar Ratio Rank: 11
NVDG Martin Ratio Rank: 10

NVDA

NVDA Risk / Return Rank: 56
NVDA Sharpe Ratio Rank: 58
NVDA Sortino Ratio Rank: 53
NVDA Omega Ratio Rank: 51
NVDA Calmar Ratio Rank: 60
NVDA Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NVDG vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NVDA Daily ETF (NVDG) and NVIDIA Corporation (NVDA). 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	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	0.36	-0.37
Sortino ratio: Return per unit of downside risk	0.50	0.76	-0.25
Omega ratio: Gain probability vs. loss probability	1.06	1.09	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.02	0.65	-0.67
Martin ratio: Return relative to average drawdown	-0.04	1.32	-1.36

NVDG vs. NVDA - Sharpe Ratio Comparison

The current NVDG Sharpe Ratio is -0.01, which is lower than the NVDA Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of NVDG and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NVDG vs. NVDA - Drawdown Comparison

The maximum NVDG drawdown since its inception was -66.19%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for NVDG and NVDA.

Drawdown Indicators

	NVDG	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-66.19%	-89.72%	+23.53%
Max Drawdown (1Y) Largest decline over 1 year	-42.72%	-20.21%	-22.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-31.58%	-14.74%	-16.84%
Average Drawdown Average peak-to-trough decline	-23.52%	-36.07%	+12.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.96%	9.90%	+12.06%

Volatility

NVDG vs. NVDA - Volatility Comparison

Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a higher volatility of 24.57% compared to NVIDIA Corporation (NVDA) at 12.04%. This indicates that NVDG's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDG	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.57%	12.04%	+12.53%
Volatility (6M) Calculated over the trailing 6-month period	55.94%	28.30%	+27.64%
Volatility (1Y) Calculated over the trailing 1-year period	72.25%	36.41%	+35.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.76%	51.87%	+37.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.76%	49.95%	+39.81%

Dividends

NVDG vs. NVDA - Dividend Comparison

NVDG's dividend yield for the trailing twelve months is around 11.85%, more than NVDA's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
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

Can I hold both NVDG and NVDA in my portfolio?

With a correlation of 1.00, NVDG and NVDA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NVDG or NVDA?

NVDG has higher volatility (24.57%) compared to NVDA (12.04%). In terms of maximum drawdown, NVDG dropped -66.19% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (0.36 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.