NVDG vs. SOXL

Last updated Aug 1, 2026

NVDG (Leverage Shares 2X Long NVDA Daily ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. NVDG is actively managed, while SOXL is passively managed. Over the past year, NVDG returned 4.49% vs 376.55% for SOXL. Their 0.62 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.75% expense ratio.

Performance

NVDG vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long NVDA Daily ETF (NVDG) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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 SOXL's 172.95% return.

NVDG

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

SOXL

• 1D: 0.00%
• 1M: -36.78%
• 6M: 85.66%
• YTD: 172.95%
• 1Y: 376.55%
• 3Y*: 60.01%
• 5Y*: 21.65%
• 10Y*: 48.63%
• ALL TIME*: 38.01%

*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)
NVDG Leverage Shares 2X Long NVDA Daily ETF	$3.01M	$3.98M	$6.31M
SOXL Direxion Daily Semiconductor Bull 3X ETF	$10.60B	$10.77B	$11.72B

NVDG vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NVDG Leverage Shares 2X Long NVDA Daily ETF	-0.36%	32.45%	-0.52%
SOXL Direxion Daily Semiconductor Bull 3X ETF	172.95%	54.91%	-3.77%

Correlation

The correlation between NVDG and SOXL is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.56
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.62

The correlation between NVDG and SOXL has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.

Return for Risk

NVDG vs. SOXL — 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

SOXL

SOXL Risk / Return Rank: 90
SOXL Sharpe Ratio Rank: 95
SOXL Sortino Ratio Rank: 83
SOXL Omega Ratio Rank: 85
SOXL Calmar Ratio Rank: 95
SOXL Martin Ratio Rank: 94

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. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NVDA Daily ETF (NVDG) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	2.77	-2.79
Sortino ratio: Return per unit of downside risk	0.50	2.70	-2.20
Omega ratio: Gain probability vs. loss probability	1.06	1.36	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.02	5.22	-5.24
Martin ratio: Return relative to average drawdown	-0.04	18.04	-18.08

NVDG vs. SOXL - Sharpe Ratio Comparison

The current NVDG Sharpe Ratio is -0.01, which is lower than the SOXL Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of NVDG and SOXL, 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. SOXL - Drawdown Comparison

The maximum NVDG drawdown since its inception was -66.19%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for NVDG and SOXL.

Drawdown Indicators

	NVDG	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-66.19%	-90.46%	+24.27%
Max Drawdown (1Y) Largest decline over 1 year	-42.72%	-69.42%	+26.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	-31.58%	-61.86%	+30.28%
Average Drawdown Average peak-to-trough decline	-23.52%	-35.00%	+11.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.96%	20.04%	+1.92%

Volatility

NVDG vs. SOXL - Volatility Comparison

The current volatility for Leverage Shares 2X Long NVDA Daily ETF (NVDG) is 24.57%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 52.68%. This indicates that NVDG experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDG	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.57%	52.68%	-28.11%
Volatility (6M) Calculated over the trailing 6-month period	55.94%	115.51%	-59.57%
Volatility (1Y) Calculated over the trailing 1-year period	72.25%	130.99%	-58.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.76%	113.21%	-23.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.76%	102.11%	-12.35%

NVDG vs. SOXL - Expense Ratio Comparison

Both NVDG and SOXL have an expense ratio of 0.75%.

Dividends

NVDG vs. SOXL - Dividend Comparison

NVDG's dividend yield for the trailing twelve months is around 11.85%, more than SOXL's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.01%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both NVDG and SOXL in my portfolio?

NVDG and SOXL have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDG or SOXL?

SOXL has higher volatility (52.68%) compared to NVDG (24.57%). In terms of maximum drawdown, NVDG dropped -66.19% vs SOXL's -90.46%.

Which ETF is better, NVDG or SOXL?

On 1-year performance, SOXL leads with 376.55% vs 4.49% for NVDG. Both ETFs have the same 0.75% expense ratio. On volatility, NVDG has been the lower-risk option at 24.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDG or SOXL?

Over the 1-year period, SOXL has performed better with a 376.55% return vs 4.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDG or SOXL?

NVDG and SOXL have the same expense ratio: 0.75% per year.

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

NVDG has the higher dividend yield at 11.85%, compared with 0.01% for SOXL.

What is the main difference between NVDG and SOXL?

They also come from different issuers: Leverage Shares and Direxion.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (2.77 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.