NVDO vs. TERG

Last updated Jun 4, 2026

NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) and TERG (Leverage Shares 2X Long TER Daily ETF) are both exchange-traded funds - NVDO is a Defined Outcome fund actively managed by Leverage Shares, while TERG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. NVDO charges 0.77%/yr vs 0.75%/yr for TERG.

Performance

NVDO vs. TERG - 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 TER Daily ETF (TERG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDO achieves a 18.85% return, which is significantly lower than TERG's 229.64% return.

NVDO

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

TERG

• 1D: 8.49%
• 1M: 39.95%
• YTD: 229.64%
• 6M: 218.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDO vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	18.85%	4.59%
TERG Leverage Shares 2X Long TER Daily ETF	229.64%	28.17%

Correlation

The correlation between NVDO and TERG is 0.42, 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 Nov 18, 2025	0.42

Return for Risk

NVDO vs. TERG - 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 TER Daily ETF (TERG). 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	TERG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	9.90	-8.60

Drawdowns

NVDO vs. TERG - Drawdown Comparison

The maximum NVDO drawdown since its inception was -16.25%, smaller than the maximum TERG drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for NVDO and TERG.

Drawdown Indicators

	NVDO	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-16.25%	-49.52%	+33.27%
Current Drawdown Current decline from peak	-2.68%	-15.98%	+13.30%
Average Drawdown Average peak-to-trough decline	-4.99%	-13.73%	+8.74%

Volatility

Volatility by Period

	NVDO	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	31.93%	139.25%	-107.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.93%	139.25%	-107.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.93%	139.25%	-107.32%

NVDO vs. TERG - Expense Ratio Comparison

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

Dividends

NVDO vs. TERG - Dividend Comparison

NVDO's dividend yield for the trailing twelve months is around 14.02%, while TERG has not paid dividends to shareholders.

Position	TTM	2025
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.02%	16.66%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDO and TERG in my portfolio?

NVDO and TERG have a correlation of 0.42, 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 TERG?

On fees, TERG 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 TERG?

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

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

NVDO has the higher dividend yield at 14.02%, compared with 0.00% for TERG.

What is the main difference between NVDO and TERG?

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