NVDO vs. XMAY

Last updated Jun 24, 2026

NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) and XMAY (FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May) are both Defined Outcome funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. NVDO charges 0.77%/yr vs 0.85%/yr for XMAY.

Performance

NVDO vs. XMAY - 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 FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY). 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 XMAY's 2.71% return.

NVDO

• 1D: 0.00%
• 1M: 1.57%
• YTD: 16.35%
• 6M: 18.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XMAY

• 1D: -0.47%
• 1M: -0.19%
• YTD: 2.71%
• 6M: 2.73%
• 1Y: 8.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDO vs. XMAY - Yearly Performance Comparison

	2026 (YTD)	2025
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	16.35%	10.05%
XMAY FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May	2.71%	3.23%

Correlation

The correlation between NVDO and XMAY is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025	0.52

Return for Risk

NVDO vs. XMAY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

XMAY

XMAY Risk / Return Rank: 89
XMAY Sharpe Ratio Rank: 82
XMAY Sortino Ratio Rank: 86
XMAY Omega Ratio Rank: 90
XMAY Calmar Ratio Rank: 90
XMAY Martin Ratio Rank: 94

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. XMAY - 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 FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY). 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	XMAY	Difference
Sharpe ratio: Return per unit of total volatility	—	2.36	—
Sortino ratio: Return per unit of downside risk	—	3.48	—
Omega ratio: Gain probability vs. loss probability	—	1.52	—
Calmar ratio: Return relative to maximum drawdown	—	5.01	—
Martin ratio: Return relative to average drawdown	—	25.29	—

Drawdowns

NVDO vs. XMAY - Drawdown Comparison

The maximum NVDO drawdown since its inception was -16.25%, which is greater than XMAY's maximum drawdown of -8.24%. Use the drawdown chart below to compare losses from any high point for NVDO and XMAY.

Drawdown Indicators

	NVDO	XMAY	Difference
Max Drawdown Largest peak-to-trough decline	-16.25%	-8.24%	-8.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.78%	—
Current Drawdown Current decline from peak	-4.73%	-0.87%	-3.86%
Average Drawdown Average peak-to-trough decline	-4.97%	-0.42%	-4.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.35%	—

Volatility

Volatility by Period

	NVDO	XMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.12%	3.82%	+28.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.12%	7.47%	+24.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.12%	7.47%	+24.65%

NVDO vs. XMAY - Expense Ratio Comparison

NVDO has a 0.77% expense ratio, which is lower than XMAY's 0.85% expense ratio.

Dividends

NVDO vs. XMAY - Dividend Comparison

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

Position	TTM	2025
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.32%	16.66%
XMAY FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDO and XMAY in my portfolio?

NVDO and XMAY 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 XMAY?

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 XMAY?

NVDO is cheaper with a 0.77% expense ratio, compared with 0.85% for XMAY.

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

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

What is the main difference between NVDO and XMAY?

They also come from different issuers: Leverage Shares and First Trust. Their fees differ too: 0.77% for NVDO and 0.85% for XMAY.