NVDL vs. DUOG
NVDL (GraniteShares 2x Long NVDA Daily ETF) and DUOG (Leverage Shares 2X Long DUOL Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.01 correlation means they have often moved in opposite directions in the past. NVDL charges 1.05%/yr vs 0.75%/yr for DUOG.
Performance
NVDL vs. DUOG - Performance Comparison
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Returns By Period
In the year-to-date period, NVDL achieves a 19.13% return, which is significantly higher than DUOG's -55.92% return.
NVDL
- 1D
- 6.85%
- 1M
- 22.50%
- 6M
- 38.93%
- YTD
- 19.13%
- 1Y
- 19.05%
- 3Y*
- 97.81%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 146.14%
DUOG
- 1D
- -2.61%
- 1M
- 5.22%
- 6M
- 5.42%
- YTD
- -55.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $402.79K | $350.33K | $687.09K | |
| $380.97M | $415.87M | $666.11M |
NVDL vs. DUOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 19.13% | 1.71% |
DUOG Leverage Shares 2X Long DUOL Daily ETF | -55.92% | -25.09% |
Correlation
The correlation between NVDL and DUOG is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.01 |
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Return for Risk
NVDL vs. DUOG — Risk / Return Rank
NVDL
DUOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NVDL vs. DUOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and Leverage Shares 2X Long DUOL Daily ETF (DUOG). 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.
| NVDL | DUOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | — | — |
| Martin ratioReturn relative to average drawdown | 0.88 | — | — |
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Drawdowns
NVDL vs. DUOG - Drawdown Comparison
The maximum NVDL drawdown since its inception was -67.55%, smaller than the maximum DUOG drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for NVDL and DUOG.
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Drawdown Indicators
| NVDL | DUOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -83.13% | +15.58% |
Max Drawdown (1Y)Largest decline over 1 year | -42.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -67.55% | — | — |
Current DrawdownCurrent decline from peak | -18.75% | -66.98% | +48.23% |
Average DrawdownAverage peak-to-trough decline | -17.47% | -65.01% | +47.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.78% | — | — |
Volatility
NVDL vs. DUOG - Volatility Comparison
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Volatility by Period
| NVDL | DUOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.53% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 56.52% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.65% | 116.50% | -43.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.01% | 116.50% | -26.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.01% | 116.50% | -26.49% |
NVDL vs. DUOG - Expense Ratio Comparison
NVDL has a 1.05% expense ratio, which is higher than DUOG's 0.75% expense ratio.
Dividends
NVDL vs. DUOG - Dividend Comparison
Neither NVDL nor DUOG has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DUOG Leverage Shares 2X Long DUOL Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% |
Frequently Asked Questions
NVDL and DUOG have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DUOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DUOG is cheaper with a 0.75% expense ratio, compared with 1.05% for NVDL.
NVDL and DUOG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.05% for NVDL and 0.75% for DUOG.
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