NVDG vs. TSLT

Last updated Aug 4, 2026

NVDG (Leverage Shares 2X Long NVDA Daily ETF) and TSLT (T-Rex 2X Long Tesla Daily Target ETF) are both Leveraged Equities funds. NVDG is actively managed, while TSLT is passively managed. Over the past year, NVDG returned 10.44% vs -22.07% for TSLT. Their 0.44 correlation means their historical movements had little consistent relationship. NVDG charges 0.75%/yr vs 1.05%/yr for TSLT.

Performance

NVDG vs. TSLT - Performance Comparison

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

Returns By Period

In the year-to-date period, NVDG achieves a 5.32% return, which is significantly higher than TSLT's -59.15% return.

NVDG

• 1D: 5.70%
• 1M: 10.50%
• 6M: 8.19%
• YTD: 5.32%
• 1Y: 10.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.15%

TSLT

• 1D: 6.96%
• 1M: -36.57%
• 6M: -52.40%
• YTD: -59.15%
• 1Y: -22.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -21.90%

*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	$3.04M	$4.02M	$6.35M
TSLT T-Rex 2X Long Tesla Daily Target ETF	$37.77M	$37.80M	$53.70M

NVDG vs. TSLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NVDG Leverage Shares 2X Long NVDA Daily ETF	5.32%	32.45%	-0.52%
TSLT T-Rex 2X Long Tesla Daily Target ETF	-59.15%	-29.49%	-9.85%

Correlation

The correlation between NVDG and TSLT is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.44

Return for Risk

NVDG vs. TSLT — Risk / Return Rank

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

NVDG

NVDG Risk / Return Rank: 17
NVDG Sharpe Ratio Rank: 14
NVDG Sortino Ratio Rank: 21
NVDG Omega Ratio Rank: 19
NVDG Calmar Ratio Rank: 15
NVDG Martin Ratio Rank: 14

TSLT

TSLT Risk / Return Rank: 10
TSLT Sharpe Ratio Rank: 8
TSLT Sortino Ratio Rank: 14
TSLT Omega Ratio Rank: 13
TSLT Calmar Ratio Rank: 7
TSLT Martin Ratio Rank: 6

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. TSLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NVDA Daily ETF (NVDG) and T-Rex 2X Long Tesla Daily Target ETF (TSLT). 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	TSLT	Difference
Sharpe ratio: Return per unit of total volatility	0.15	-0.24	+0.38
Sortino ratio: Return per unit of downside risk	0.72	0.28	+0.44
Omega ratio: Gain probability vs. loss probability	1.08	1.03	+0.05
Calmar ratio: Return relative to maximum drawdown	0.25	-0.31	+0.56
Martin ratio: Return relative to average drawdown	0.48	-0.68	+1.16

NVDG vs. TSLT - Sharpe Ratio Comparison

The current NVDG Sharpe Ratio is 0.15, which is higher than the TSLT Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of NVDG and TSLT, 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. TSLT - Drawdown Comparison

The maximum NVDG drawdown since its inception was -66.19%, smaller than the maximum TSLT drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for NVDG and TSLT.

Drawdown Indicators

	NVDG	TSLT	Difference
Max Drawdown Largest peak-to-trough decline	-66.19%	-83.16%	+16.97%
Max Drawdown (1Y) Largest decline over 1 year	-42.72%	-70.65%	+27.93%
Current Drawdown Current decline from peak	-27.68%	-80.16%	+52.48%
Average Drawdown Average peak-to-trough decline	-23.53%	-51.49%	+27.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.03%	32.28%	-10.25%

Volatility

NVDG vs. TSLT - Volatility Comparison

The current volatility for Leverage Shares 2X Long NVDA Daily ETF (NVDG) is 24.88%, while T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a volatility of 42.36%. This indicates that NVDG experiences smaller price fluctuations and is considered to be less risky than TSLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDG	TSLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.88%	42.36%	-17.48%
Volatility (6M) Calculated over the trailing 6-month period	56.20%	70.73%	-14.53%
Volatility (1Y) Calculated over the trailing 1-year period	72.40%	92.57%	-20.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.75%	117.69%	-27.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.75%	117.69%	-27.94%

NVDG vs. TSLT - Expense Ratio Comparison

NVDG has a 0.75% expense ratio, which is lower than TSLT's 1.05% expense ratio.

Dividends

NVDG vs. TSLT - Dividend Comparison

NVDG's dividend yield for the trailing twelve months is around 11.22%, while TSLT has not paid dividends to shareholders.

Position	TTM	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	11.22%	11.81%
TSLT T-Rex 2X Long Tesla Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDG and TSLT in my portfolio?

NVDG and TSLT have a correlation of 0.44, 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 TSLT?

TSLT has higher volatility (42.36%) compared to NVDG (24.88%). In terms of maximum drawdown, NVDG dropped -66.19% vs TSLT's -83.16%.

Which ETF is better, NVDG or TSLT?

On 1-year performance, NVDG leads with 10.44% vs -22.07% for TSLT. On fees, NVDG is cheaper at 0.75% per year. On volatility, NVDG has been the lower-risk option at 24.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDG or TSLT?

Over the 1-year period, NVDG has performed better with a 10.44% return vs -22.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDG or TSLT?

NVDG is cheaper with a 0.75% expense ratio, compared with 1.05% for TSLT.

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

NVDG has the higher dividend yield at 11.22%, compared with 0.00% for TSLT.

What is the main difference between NVDG and TSLT?

They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for NVDG and 1.05% for TSLT.

Which has better risk-adjusted returns?

NVDG currently has the higher Sharpe Ratio (0.15 vs -0.24), 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.