NVDG vs. NVDW

Last updated Jun 4, 2026

NVDG (Leverage Shares 2X Long NVDA Daily ETF) and NVDW (Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF) are both exchange-traded funds - NVDG is a Leveraged Equities fund actively managed by Leverage Shares, while NVDW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, NVDG returned 83.14% vs 56.88% for NVDW. With a 1.00 correlation, they move nearly in lockstep. NVDG charges 0.75%/yr vs 0.99%/yr for NVDW.

Performance

NVDG vs. NVDW - Performance Comparison

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

Returns By Period

In the year-to-date period, NVDG achieves a 18.93% return, which is significantly higher than NVDW's 15.96% return.

NVDG

• 1D: -7.35%
• 1M: 14.07%
• YTD: 18.93%
• 6M: 26.05%
• 1Y: 83.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDW

• 1D: -4.20%
• 1M: 9.65%
• YTD: 15.96%
• 6M: 20.80%
• 1Y: 56.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDG vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	18.93%	62.23%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	15.96%	40.00%

Correlation

The correlation between NVDG and NVDW is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 3, 2025	1.00

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

Return for Risk

NVDG vs. NVDW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDG

NVDG Risk / Return Rank: 34
NVDG Sharpe Ratio Rank: 34
NVDG Sortino Ratio Rank: 35
NVDG Omega Ratio Rank: 33
NVDG Calmar Ratio Rank: 39
NVDG Martin Ratio Rank: 30

NVDW

NVDW Risk / Return Rank: 38
NVDW Sharpe Ratio Rank: 38
NVDW Sortino Ratio Rank: 38
NVDW Omega Ratio Rank: 35
NVDW Calmar Ratio Rank: 45
NVDW Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVDG vs. NVDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NVDA Daily ETF (NVDG) and Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW). 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	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.39	-0.16
Sortino ratio: Return per unit of downside risk	1.87	1.99	-0.13
Omega ratio: Gain probability vs. loss probability	1.22	1.24	-0.02
Calmar ratio: Return relative to maximum drawdown	1.96	2.24	-0.28
Martin ratio: Return relative to average drawdown	4.44	5.44	-0.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDG vs. NVDW - Sharpe Ratio Comparison

The current NVDG Sharpe Ratio is 1.24, which is comparable to the NVDW Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of NVDG and NVDW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NVDG	NVDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	1.39	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	1.52	-1.12

Drawdowns

NVDG vs. NVDW - Drawdown Comparison

The maximum NVDG drawdown since its inception was -66.19%, which is greater than NVDW's maximum drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for NVDG and NVDW.

Drawdown Indicators

	NVDG	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-66.19%	-25.54%	-40.65%
Max Drawdown (1Y) Largest decline over 1 year	-42.72%	-25.54%	-17.18%
Current Drawdown Current decline from peak	-18.34%	-10.65%	-7.69%
Average Drawdown Average peak-to-trough decline	-23.07%	-8.19%	-14.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.77%	10.49%	+8.28%

Volatility

NVDG vs. NVDW - Volatility Comparison

Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a higher volatility of 25.14% compared to Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) at 15.04%. This indicates that NVDG's price experiences larger fluctuations and is considered to be riskier than NVDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDG	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.14%	15.04%	+10.10%
Volatility (6M) Calculated over the trailing 6-month period	50.15%	30.74%	+19.41%
Volatility (1Y) Calculated over the trailing 1-year period	67.81%	41.15%	+26.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.72%	41.15%	+49.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.72%	41.15%	+49.57%

NVDG vs. NVDW - Expense Ratio Comparison

NVDG has a 0.75% expense ratio, which is lower than NVDW's 0.99% expense ratio.

Dividends

NVDG vs. NVDW - Dividend Comparison

NVDG's dividend yield for the trailing twelve months is around 9.93%, less than NVDW's 58.16% yield.

Position	TTM	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	9.93%	11.81%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	58.16%	38.94%

Frequently Asked Questions

Can I hold both NVDG and NVDW in my portfolio?

With a correlation of 1.00, NVDG and NVDW 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 NVDW?

NVDG has higher volatility (25.14%) compared to NVDW (15.04%). In terms of maximum drawdown, NVDG dropped -66.19% vs NVDW's -25.54%.

Which ETF is better, NVDG or NVDW?

On 1-year performance, NVDG leads with 83.14% vs 56.88% for NVDW. On fees, NVDG is cheaper at 0.75% per year. On volatility, NVDW has been the lower-risk option at 15.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDG or NVDW?

Over the 1-year period, NVDG has performed better with a 83.14% return vs 56.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDG or NVDW?

NVDG is cheaper with a 0.75% expense ratio, compared with 0.99% for NVDW.

Which ETF pays a higher dividend yield, NVDG or NVDW?

NVDW has the higher dividend yield at 58.16%, compared with 9.93% for NVDG.

What is the main difference between NVDG and NVDW?

NVDG is categorized as Leveraged Equities, while NVDW is Derivative Income. They also come from different issuers: Leverage Shares and Roundhill. Their fees differ too: 0.75% for NVDG and 0.99% for NVDW.

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (1.39 vs 1.24), 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.