NVDL vs. FUTG

Last updated Jun 5, 2026

NVDL (GraniteShares 2x Long NVDA Daily ETF) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. NVDL charges 1.05%/yr vs 0.75%/yr for FUTG.

Performance

NVDL vs. FUTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long NVDA Daily ETF (NVDL) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDL achieves a 24.36% return, which is significantly higher than FUTG's -75.53% return.

NVDL

• 1D: 3.68%
• 1M: 21.13%
• YTD: 24.36%
• 6M: 26.69%
• 1Y: 90.12%
• 3Y*: 113.21%
• 5Y*: —
• 10Y*: —

FUTG

• 1D: -11.10%
• 1M: -70.24%
• YTD: -75.53%
• 6M: -77.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDL vs. FUTG - Yearly Performance Comparison

	2026 (YTD)	2025
NVDL GraniteShares 2x Long NVDA Daily ETF	24.36%	1.90%
FUTG Leverage Shares 2X Long FUTU Daily ETF	-75.53%	-0.80%

Correlation

The correlation between NVDL and FUTG is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.44

Return for Risk

NVDL vs. FUTG — Risk / Return Rank

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

NVDL

NVDL Risk / Return Rank: 38
NVDL Sharpe Ratio Rank: 38
NVDL Sortino Ratio Rank: 39
NVDL Omega Ratio Rank: 36
NVDL Calmar Ratio Rank: 44
NVDL Martin Ratio Rank: 33

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.

NVDL vs. FUTG - 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 FUTU Daily ETF (FUTG). 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.

	NVDL	FUTG	Difference
Sharpe ratio: Return per unit of total volatility	1.33	—	—
Sortino ratio: Return per unit of downside risk	1.95	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	2.15	—	—
Martin ratio: Return relative to average drawdown	4.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NVDL	FUTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	-0.66	+2.46

Drawdowns

NVDL vs. FUTG - Drawdown Comparison

The maximum NVDL drawdown since its inception was -67.55%, smaller than the maximum FUTG drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for NVDL and FUTG.

Drawdown Indicators

	NVDL	FUTG	Difference
Max Drawdown Largest peak-to-trough decline	-67.55%	-86.19%	+18.64%
Max Drawdown (1Y) Largest decline over 1 year	-42.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-67.55%	—	—
Current Drawdown Current decline from peak	-15.19%	-84.29%	+69.10%
Average Drawdown Average peak-to-trough decline	-16.96%	-40.35%	+23.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.41%	—	—

Volatility

Volatility by Period

	NVDL	FUTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	50.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	68.08%	136.01%	-67.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.39%	136.01%	-45.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.39%	136.01%	-45.62%

NVDL vs. FUTG - Expense Ratio Comparison

NVDL has a 1.05% expense ratio, which is higher than FUTG's 0.75% expense ratio.

Dividends

NVDL vs. FUTG - Dividend Comparison

Neither NVDL nor FUTG has paid dividends to shareholders.

Position	TTM	2025	2024	2023
FUTG Leverage Shares 2X Long FUTU 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

Can I hold both NVDL and FUTG in my portfolio?

NVDL and FUTG 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 ETF is better, NVDL or FUTG?

On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDL or FUTG?

FUTG is cheaper with a 0.75% expense ratio, compared with 1.05% for NVDL.

Which ETF pays a higher dividend yield, NVDL or FUTG?

NVDL and FUTG have nearly identical dividend yields, around 0.00%.

What is the main difference between NVDL and FUTG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.05% for NVDL and 0.75% for FUTG.