NVDO vs. DDSQ

Last updated Aug 1, 2026

NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) and DDSQ (Innovator Equity Dual Directional 5 Buffer ETF - Quarterly) are both Defined Outcome funds. Both are actively managed. Their 0.52 correlation means they have sometimes moved together and sometimes differently. NVDO charges 0.77%/yr vs 0.79%/yr for DDSQ.

Performance

NVDO vs. DDSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO) and Innovator Equity Dual Directional 5 Buffer ETF - Quarterly (DDSQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NVDO

• 1D: 0.00%
• 1M: 0.00%
• 6M: 10.90%
• YTD: 16.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DDSQ

• 1D: 0.57%
• 1M: 0.90%
• 6M: 10.03%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
DDSQ Innovator Equity Dual Directional 5 Buffer ETF - Quarterly	$400.93K	$846.09K	$757.77K
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	$0.00	$0.00	$23.88K

NVDO vs. DDSQ - Yearly Performance Comparison

	2026 (YTD)
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	16.35%
DDSQ Innovator Equity Dual Directional 5 Buffer ETF - Quarterly	10.64%

Correlation

The correlation between NVDO and DDSQ is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 2, 2026	0.52

Return for Risk

NVDO vs. DDSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO) and Innovator Equity Dual Directional 5 Buffer ETF - Quarterly (DDSQ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

NVDO vs. DDSQ - Drawdown Comparison

The maximum NVDO drawdown since its inception was -16.25%, which is greater than DDSQ's maximum drawdown of -3.69%. Use the drawdown chart below to compare losses from any high point for NVDO and DDSQ.

Drawdown Indicators

	NVDO	DDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-16.25%	-3.69%	-12.56%
Current Drawdown Current decline from peak	-4.73%	0.00%	-4.73%
Average Drawdown Average peak-to-trough decline	-4.95%	-0.32%	-4.63%

Volatility

Volatility by Period

	NVDO	DDSQ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	30.29%	10.25%	+20.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.29%	10.25%	+20.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.29%	10.25%	+20.04%

NVDO vs. DDSQ - Expense Ratio Comparison

NVDO has a 0.77% expense ratio, which is lower than DDSQ's 0.79% expense ratio.

Dividends

NVDO vs. DDSQ - Dividend Comparison

NVDO's dividend yield for the trailing twelve months is around 14.32%, while DDSQ has not paid dividends to shareholders.

Position	TTM	2025
DDSQ Innovator Equity Dual Directional 5 Buffer ETF - Quarterly	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.32%	16.66%

Frequently Asked Questions

Can I hold both NVDO and DDSQ in my portfolio?

NVDO and DDSQ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDO or DDSQ?

On fees, NVDO is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDO or DDSQ?

NVDO is cheaper with a 0.77% expense ratio, compared with 0.79% for DDSQ.

Which ETF pays a higher dividend yield, NVDO or DDSQ?

NVDO has the higher dividend yield at 14.32%, compared with 0.00% for DDSQ.

What is the main difference between NVDO and DDSQ?

They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.77% for NVDO and 0.79% for DDSQ.