NVDI.L vs. MAGD.L
NVDI.L (IncomeShares NVIDIA NVDA Options ETP) and MAGD.L (IncomeShares Magnificent 7 Options ETP) are both exchange-traded funds - NVDI.L is a Options Trading fund actively managed by Leverage Shares, while MAGD.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. NVDI.L charges 0.55%/yr vs 0.45%/yr for MAGD.L.
Performance
NVDI.L vs. MAGD.L - Performance Comparison
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Returns By Period
In the year-to-date period, NVDI.L achieves a -0.43% return, which is significantly higher than MAGD.L's -16.98% return.
NVDI.L
- 1D
- 0.00%
- 1M
- 8.35%
- YTD
- -0.43%
- 6M
- 2.01%
- 1Y
- 19.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MAGD.L
- 1D
- 0.97%
- 1M
- -0.94%
- YTD
- -16.98%
- 6M
- -16.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDI.L vs. MAGD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDI.L IncomeShares NVIDIA NVDA Options ETP | -0.43% | 12.00% |
MAGD.L IncomeShares Magnificent 7 Options ETP | -16.98% | 10.94% |
Correlation
The correlation between NVDI.L and MAGD.L is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.61 |
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Return for Risk
NVDI.L vs. MAGD.L — Risk / Return Rank
NVDI.L
MAGD.L
NVDI.L vs. MAGD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares NVIDIA NVDA Options ETP (NVDI.L) and IncomeShares Magnificent 7 Options ETP (MAGD.L). 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 | MAGD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | — | — |
| Martin ratioReturn relative to average drawdown | 2.00 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVDI.L | MAGD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | -0.41 | +0.52 |
Drawdowns
NVDI.L vs. MAGD.L - Drawdown Comparison
The maximum NVDI.L drawdown since its inception was -31.39%, which is greater than MAGD.L's maximum drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for NVDI.L and MAGD.L.
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Drawdown Indicators
| NVDI.L | MAGD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.39% | -27.28% | -4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -21.59% | — | — |
Current DrawdownCurrent decline from peak | -9.62% | -23.55% | +13.93% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -10.72% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.98% | — | — |
Volatility
NVDI.L vs. MAGD.L - Volatility Comparison
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Volatility by Period
| NVDI.L | MAGD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 20.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.34% | 20.62% | +11.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.31% | 20.62% | +18.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.31% | 20.62% | +18.69% |
NVDI.L vs. MAGD.L - Expense Ratio Comparison
NVDI.L has a 0.55% expense ratio, which is higher than MAGD.L's 0.45% expense ratio.
Dividends
NVDI.L vs. MAGD.L - Dividend Comparison
NVDI.L's dividend yield for the trailing twelve months is around 20.63%, more than MAGD.L's 0.39% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MAGD.L IncomeShares Magnificent 7 Options ETP | 0.39% | 0.07% | 0.00% |
NVDI.L IncomeShares NVIDIA NVDA Options ETP | 20.63% | 32.04% | 2.59% |
Frequently Asked Questions
NVDI.L and MAGD.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MAGD.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MAGD.L is cheaper with a 0.45% expense ratio, compared with 0.55% for NVDI.L.
NVDI.L is categorized as Options Trading, while MAGD.L is Derivative Income. Their fees differ too: 0.55% for NVDI.L and 0.45% for MAGD.L.
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