NVDO vs. NVDG

Last updated Jun 4, 2026

NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both exchange-traded funds - NVDO is a Defined Outcome fund actively managed by Leverage Shares, while NVDG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. NVDO charges 0.77%/yr vs 0.75%/yr for NVDG.

Performance

NVDO vs. NVDG - 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 Leverage Shares 2X Long NVDA Daily ETF (NVDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with NVDO having a 18.85% return and NVDG slightly higher at 18.93%.

NVDO

• 1D: -2.46%
• 1M: 14.15%
• YTD: 18.85%
• 6M: 29.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDG

• 1D: -7.35%
• 1M: 14.07%
• YTD: 18.93%
• 6M: 26.05%
• 1Y: 83.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDO vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	18.85%	11.12%
NVDG Leverage Shares 2X Long NVDA Daily ETF	18.93%	-3.53%

Correlation

The correlation between NVDO and NVDG is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025	0.92

Return for Risk

NVDO vs. NVDG — Risk / Return Rank

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

NVDG

NVDG Risk / Return Rank: 34
NVDG Sharpe Ratio Rank: 34
NVDG Sortino Ratio Rank: 35
NVDG Omega Ratio Rank: 33
NVDG Calmar Ratio Rank: 39
NVDG Martin Ratio Rank: 30

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.

NVDO vs. NVDG - 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 Leverage Shares 2X Long NVDA Daily ETF (NVDG). 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.

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

Sharpe Ratios by Period

	NVDO	NVDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.40	+0.90

Drawdowns

NVDO vs. NVDG - Drawdown Comparison

The maximum NVDO drawdown since its inception was -16.25%, smaller than the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for NVDO and NVDG.

Drawdown Indicators

	NVDO	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-16.25%	-66.19%	+49.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.72%	—
Current Drawdown Current decline from peak	-2.68%	-18.34%	+15.66%
Average Drawdown Average peak-to-trough decline	-4.99%	-23.07%	+18.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.77%	—

Volatility

Volatility by Period

	NVDO	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	25.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	50.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.93%	67.81%	-35.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.93%	90.72%	-58.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.93%	90.72%	-58.79%

NVDO vs. NVDG - Expense Ratio Comparison

NVDO has a 0.77% expense ratio, which is higher than NVDG's 0.75% expense ratio.

Dividends

NVDO vs. NVDG - Dividend Comparison

NVDO's dividend yield for the trailing twelve months is around 14.02%, more than NVDG's 9.93% yield.

Position	TTM	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	9.93%	11.81%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.02%	16.66%

Frequently Asked Questions

Can I hold both NVDO and NVDG in my portfolio?

With a correlation of 0.92, NVDO and NVDG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, NVDO or NVDG?

On fees, NVDG 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, NVDO or NVDG?

NVDG is cheaper with a 0.75% expense ratio, compared with 0.77% for NVDO.

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

NVDO has the higher dividend yield at 14.02%, compared with 9.93% for NVDG.

What is the main difference between NVDO and NVDG?

NVDO is categorized as Defined Outcome, while NVDG is Leveraged Equities. Their fees differ too: 0.77% for NVDO and 0.75% for NVDG.