NVDG vs. NVII

Last updated Jun 23, 2026

NVDG (Leverage Shares 2X Long NVDA Daily ETF) and NVII (REX NVIDIA Growth & Income ETF) are both exchange-traded funds - NVDG is a Leveraged Equities fund actively managed by Leverage Shares, while NVII is a Derivative Income fund actively managed by REX. Both are actively managed. Over the past year, NVDG returned 65.95% vs 53.28% for NVII. With a 0.98 correlation, they move nearly in lockstep. NVDG charges 0.75%/yr vs 0.99%/yr for NVII.

Performance

NVDG vs. NVII - Performance Comparison

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

Returns By Period

In the year-to-date period, NVDG achieves a 10.86% return, which is significantly lower than NVII's 12.61% return.

NVDG

• 1D: -1.48%
• 1M: -8.07%
• YTD: 10.86%
• 6M: 13.71%
• 1Y: 65.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVII

• 1D: -0.04%
• 1M: -2.19%
• YTD: 12.61%
• 6M: 13.34%
• 1Y: 53.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDG vs. NVII - Yearly Performance Comparison

	2026 (YTD)	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	10.86%	66.24%
NVII REX NVIDIA Growth & Income ETF	12.61%	47.63%

Correlation

The correlation between NVDG and NVII is 0.98 - 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	0.98
Correlation (All Time) Calculated using the full available price history since May 28, 2025	0.98

The correlation between NVDG and NVII has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

NVDG vs. NVII — Risk / Return Rank

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

NVDG

NVDG Risk / Return Rank: 29
NVDG Sharpe Ratio Rank: 27
NVDG Sortino Ratio Rank: 31
NVDG Omega Ratio Rank: 29
NVDG Calmar Ratio Rank: 32
NVDG Martin Ratio Rank: 26

NVII

NVII Risk / Return Rank: 45
NVII Sharpe Ratio Rank: 44
NVII Sortino Ratio Rank: 40
NVII Omega Ratio Rank: 39
NVII Calmar Ratio Rank: 60
NVII Martin Ratio Rank: 44

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. NVII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NVDA Daily ETF (NVDG) and REX NVIDIA Growth & Income ETF (NVII). 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	NVII	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.49	-0.54
Sortino ratio: Return per unit of downside risk	1.60	1.99	-0.39
Omega ratio: Gain probability vs. loss probability	1.19	1.25	-0.06
Calmar ratio: Return relative to maximum drawdown	1.55	2.90	-1.35
Martin ratio: Return relative to average drawdown	3.39	6.95	-3.56

NVDG vs. NVII - Sharpe Ratio Comparison

The current NVDG Sharpe Ratio is 0.95, which is lower than the NVII Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of NVDG and NVII, 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. NVII - Drawdown Comparison

The maximum NVDG drawdown since its inception was -66.19%, which is greater than NVII's maximum drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for NVDG and NVII.

Drawdown Indicators

	NVDG	NVII	Difference
Max Drawdown Largest peak-to-trough decline	-66.19%	-18.47%	-47.72%
Max Drawdown (1Y) Largest decline over 1 year	-42.72%	-18.47%	-24.25%
Current Drawdown Current decline from peak	-23.88%	-10.83%	-13.05%
Average Drawdown Average peak-to-trough decline	-23.03%	-5.75%	-17.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.49%	7.68%	+11.81%

Volatility

NVDG vs. NVII - Volatility Comparison

Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a higher volatility of 25.02% compared to REX NVIDIA Growth & Income ETF (NVII) at 13.92%. This indicates that NVDG's price experiences larger fluctuations and is considered to be riskier than NVII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDG	NVII	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.02%	13.92%	+11.10%
Volatility (6M) Calculated over the trailing 6-month period	52.21%	26.84%	+25.37%
Volatility (1Y) Calculated over the trailing 1-year period	69.81%	35.90%	+33.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.44%	35.41%	+55.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.44%	35.41%	+55.03%

NVDG vs. NVII - Expense Ratio Comparison

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

Dividends

NVDG vs. NVII - Dividend Comparison

NVDG's dividend yield for the trailing twelve months is around 10.66%, less than NVII's 54.48% yield.

Position	TTM	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	10.66%	11.81%
NVII REX NVIDIA Growth & Income ETF	54.48%	29.17%

Frequently Asked Questions

Can I hold both NVDG and NVII in my portfolio?

With a correlation of 0.98, NVDG and NVII 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 NVII?

NVDG has higher volatility (25.02%) compared to NVII (13.92%). In terms of maximum drawdown, NVDG dropped -66.19% vs NVII's -18.47%.

Which ETF is better, NVDG or NVII?

On 1-year performance, NVDG leads with 65.95% vs 53.28% for NVII. On fees, NVDG is cheaper at 0.75% per year. On volatility, NVII has been the lower-risk option at 13.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDG or NVII?

Over the 1-year period, NVDG has performed better with a 65.95% return vs 53.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDG or NVII?

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

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

NVII has the higher dividend yield at 54.48%, compared with 10.66% for NVDG.

What is the main difference between NVDG and NVII?

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

Which has better risk-adjusted returns?

NVII currently has the higher Sharpe Ratio (1.49 vs 0.95), 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.