NVDI.L vs. LITE

Last updated Jun 5, 2026

NVDI.L (IncomeShares NVIDIA NVDA Options ETP) is Options Trading fund actively managed by Leverage Shares, while LITE (Lumentum Holdings Inc.) is a stock. Over the past year, NVDI.L returned 19.99% vs 1077.23% for LITE. At a 0.28 correlation, their price movements are largely independent.

Performance

NVDI.L vs. LITE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeShares NVIDIA NVDA Options ETP (NVDI.L) and Lumentum Holdings Inc. (LITE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDI.L achieves a -0.43% return, which is significantly lower than LITE's 156.40% return.

NVDI.L

• 1D: 0.00%
• 1M: 8.35%
• YTD: -0.43%
• 6M: 2.01%
• 1Y: 19.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LITE

• 1D: 0.75%
• 1M: -4.98%
• YTD: 156.40%
• 6M: 188.27%
• 1Y: 1,077.23%
• 3Y*: 163.90%
• 5Y*: 63.08%
• 10Y*: 43.73%

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

NVDI.L vs. LITE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NVDI.L IncomeShares NVIDIA NVDA Options ETP	-0.43%	16.65%	-7.10%
LITE Lumentum Holdings Inc.	156.40%	339.06%	53.19%

Correlation

The correlation between NVDI.L and LITE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024	0.28

Return for Risk

NVDI.L vs. LITE — Risk / Return Rank

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

NVDI.L

NVDI.L Risk / Return Rank: 20
NVDI.L Sharpe Ratio Rank: 20
NVDI.L Sortino Ratio Rank: 20
NVDI.L Omega Ratio Rank: 21
NVDI.L Calmar Ratio Rank: 21
NVDI.L Martin Ratio Rank: 19

LITE

LITE Risk / Return Rank: 99
LITE Sharpe Ratio Rank: 100
LITE Sortino Ratio Rank: 99
LITE Omega Ratio Rank: 98
LITE Calmar Ratio Rank: 100
LITE Martin Ratio Rank: 100

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.

NVDI.L vs. LITE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares NVIDIA NVDA Options ETP (NVDI.L) and Lumentum Holdings Inc. (LITE). 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.

	NVDI.L	LITE	Difference
Sharpe ratio: Return per unit of total volatility	0.62	12.77	-12.16
Sortino ratio: Return per unit of downside risk	0.99	5.74	-4.74
Omega ratio: Gain probability vs. loss probability	1.13	1.77	-0.63
Calmar ratio: Return relative to maximum drawdown	0.92	37.94	-37.01
Martin ratio: Return relative to average drawdown	2.00	147.94	-145.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDI.L vs. LITE - Sharpe Ratio Comparison

The current NVDI.L Sharpe Ratio is 0.62, which is lower than the LITE Sharpe Ratio of 12.77. The chart below compares the historical Sharpe Ratios of NVDI.L and LITE, 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

	NVDI.L	LITE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	12.77	-12.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.76	-0.66

Drawdowns

NVDI.L vs. LITE - Drawdown Comparison

The maximum NVDI.L drawdown since its inception was -31.39%, smaller than the maximum LITE drawdown of -66.89%. Use the drawdown chart below to compare losses from any high point for NVDI.L and LITE.

Drawdown Indicators

	NVDI.L	LITE	Difference
Max Drawdown Largest peak-to-trough decline	-31.39%	-66.89%	+35.50%
Max Drawdown (1Y) Largest decline over 1 year	-21.59%	-28.70%	+7.11%
Max Drawdown (3Y) Largest decline over 3 years	—	-50.63%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.89%	—
Current Drawdown Current decline from peak	-9.62%	-10.26%	+0.64%
Average Drawdown Average peak-to-trough decline	-10.27%	-23.16%	+12.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.98%	7.35%	+2.63%

Volatility

NVDI.L vs. LITE - Volatility Comparison

The current volatility for IncomeShares NVIDIA NVDA Options ETP (NVDI.L) is 10.09%, while Lumentum Holdings Inc. (LITE) has a volatility of 30.56%. This indicates that NVDI.L experiences smaller price fluctuations and is considered to be less risky than LITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDI.L	LITE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.09%	30.56%	-20.47%
Volatility (6M) Calculated over the trailing 6-month period	20.28%	68.67%	-48.39%
Volatility (1Y) Calculated over the trailing 1-year period	32.34%	85.29%	-52.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.31%	59.65%	-20.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.31%	56.45%	-17.14%

Dividends

NVDI.L vs. LITE - Dividend Comparison

NVDI.L's dividend yield for the trailing twelve months is around 20.63%, while LITE has not paid dividends to shareholders.

Position	TTM	2025	2024
LITE Lumentum Holdings Inc.	0.00%	0.00%	0.00%
NVDI.L IncomeShares NVIDIA NVDA Options ETP	20.63%	32.04%	2.59%

Frequently Asked Questions

Can I hold both NVDI.L and LITE in my portfolio?

NVDI.L and LITE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.