NVDO vs. PMMY

Last updated Aug 1, 2026

NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) and PMMY (PGIM S&P 500 Max Buffer ETF - May) are both Defined Outcome funds. Both are actively managed. Their 0.43 correlation means their historical movements had little consistent relationship. NVDO charges 0.77%/yr vs 0.50%/yr for PMMY.

Performance

NVDO vs. PMMY - 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 PGIM S&P 500 Max Buffer ETF - May (PMMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDO achieves a 16.35% return, which is significantly higher than PMMY's 2.58% return.

NVDO

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

PMMY

• 1D: 0.17%
• 1M: 0.41%
• 6M: 2.24%
• YTD: 2.58%
• 1Y: 5.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.68%

*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)
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	$0.00	$0.00	$23.88K
PMMY PGIM S&P 500 Max Buffer ETF - May	$160.89	$4.47K	$39.57K

NVDO vs. PMMY - Yearly Performance Comparison

	2026 (YTD)	2025
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	16.35%	10.05%
PMMY PGIM S&P 500 Max Buffer ETF - May	2.58%	2.08%

Correlation

The correlation between NVDO and PMMY is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025	0.43

Return for Risk

NVDO vs. PMMY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NVDO

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

PMMY

PMMY Risk / Return Rank: 98
PMMY Sharpe Ratio Rank: 98
PMMY Sortino Ratio Rank: 97
PMMY Omega Ratio Rank: 98
PMMY Calmar Ratio Rank: 98
PMMY Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NVDO vs. PMMY - 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 PGIM S&P 500 Max Buffer ETF - May (PMMY). 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.

	NVDO	PMMY	Difference
Sharpe ratio: Return per unit of total volatility	—	3.69	—
Sortino ratio: Return per unit of downside risk	—	5.62	—
Omega ratio: Gain probability vs. loss probability	—	1.89	—
Calmar ratio: Return relative to maximum drawdown	—	8.62	—
Martin ratio: Return relative to average drawdown	—	44.94	—

Drawdowns

NVDO vs. PMMY - Drawdown Comparison

The maximum NVDO drawdown since its inception was -16.25%, which is greater than PMMY's maximum drawdown of -0.60%. Use the drawdown chart below to compare losses from any high point for NVDO and PMMY.

Drawdown Indicators

	NVDO	PMMY	Difference
Max Drawdown Largest peak-to-trough decline	-16.25%	-0.60%	-15.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.60%	—
Current Drawdown Current decline from peak	-4.73%	0.00%	-4.73%
Average Drawdown Average peak-to-trough decline	-4.95%	-0.06%	-4.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.11%	—

Volatility

Volatility by Period

	NVDO	PMMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.29%	1.40%	+28.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.29%	1.54%	+28.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.29%	1.54%	+28.75%

NVDO vs. PMMY - Expense Ratio Comparison

NVDO has a 0.77% expense ratio, which is higher than PMMY's 0.50% expense ratio.

Dividends

NVDO vs. PMMY - Dividend Comparison

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

Position	TTM	2025
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.32%	16.66%
PMMY PGIM S&P 500 Max Buffer ETF - May	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDO and PMMY in my portfolio?

NVDO and PMMY have a correlation of 0.43, 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 PMMY?

On fees, PMMY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDO or PMMY?

PMMY is cheaper with a 0.50% expense ratio, compared with 0.77% for NVDO.

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

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

What is the main difference between NVDO and PMMY?

They also come from different issuers: Leverage Shares and PGIM. Their fees differ too: 0.77% for NVDO and 0.50% for PMMY.