NVDU vs. NVDG

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and Leverage Shares 2X Long NVDA Daily ETF (NVDG).

NVDU and NVDG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDU is an actively managed fund by Direxion. It was launched on Sep 13, 2023. NVDG is an actively managed fund by Leverage Shares. It was launched on Dec 12, 2024.

Performance

NVDU vs. NVDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and Leverage Shares 2X Long NVDA Daily ETF (NVDG). The values are adjusted to include any dividend payments, if applicable.

NVDU vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NVDU Direxion Daily NVDA Bull 2X Shares ETF	-16.24%	33.65%	-0.91%
NVDG Leverage Shares 2X Long NVDA Daily ETF	-16.59%	32.45%	-0.75%

Returns By Period

The year-to-date returns for both stocks are quite close, with NVDU having a -16.24% return and NVDG slightly lower at -16.59%.

NVDU

• 1D: 1.74%
• 1M: -9.05%
• YTD: -16.24%
• 6M: -21.93%
• 1Y: 92.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDG

• 1D: 1.56%
• 1M: -8.92%
• YTD: -16.59%
• 6M: -22.21%
• 1Y: 91.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDU vs. NVDG - Expense Ratio Comparison

NVDU has a 1.04% expense ratio, which is higher than NVDG's 0.75% expense ratio.

NVDU

Direxion Daily NVDA Bull 2X Shares ETF

NVDG

Leverage Shares 2X Long NVDA Daily ETF

Return for Risk

NVDU vs. NVDG — Risk / Return Rank

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

NVDU

NVDU Risk / Return Rank: 67
NVDU Sharpe Ratio Rank: 62
NVDU Sortino Ratio Rank: 73
NVDU Omega Ratio Rank: 63
NVDU Calmar Ratio Rank: 80
NVDU Martin Ratio Rank: 54

NVDG

NVDG Risk / Return Rank: 65
NVDG Sharpe Ratio Rank: 62
NVDG Sortino Ratio Rank: 72
NVDG Omega Ratio Rank: 61
NVDG Calmar Ratio Rank: 78
NVDG Martin Ratio Rank: 52

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.

NVDU vs. NVDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) 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.

	NVDU	NVDG	Difference
Sharpe ratio Return per unit of total volatility	1.14	1.13	+0.01
Sortino ratio Return per unit of downside risk	1.90	1.89	+0.02
Omega ratio Gain probability vs. loss probability	1.24	1.24	0.00
Calmar ratio Return relative to maximum drawdown	2.32	2.25	+0.06
Martin ratio Return relative to average drawdown	5.54	5.38	+0.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDU vs. NVDG - Sharpe Ratio Comparison

The current NVDU Sharpe Ratio is 1.14, which is comparable to the NVDG Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of NVDU and NVDG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NVDU	NVDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	1.13	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.08	+0.85

Correlation

The correlation between NVDU and NVDG is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

NVDU vs. NVDG - Dividend Comparison

NVDU's dividend yield for the trailing twelve months is around 6.92%, less than NVDG's 14.16% yield.

	TTM	2025	2024	2023
NVDU Direxion Daily NVDA Bull 2X Shares ETF	6.92%	5.68%	16.85%	0.63%
NVDG Leverage Shares 2X Long NVDA Daily ETF	14.16%	11.81%	0.00%	0.00%

Drawdowns

NVDU vs. NVDG - Drawdown Comparison

The maximum NVDU drawdown since its inception was -67.27%, roughly equal to the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for NVDU and NVDG.

Drawdown Indicators

	NVDU	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-67.27%	-66.19%	-1.08%
Max Drawdown (1Y) Largest decline over 1 year	-42.27%	-42.72%	+0.45%
Current Drawdown Current decline from peak	-34.90%	-35.41%	+0.51%
Average Drawdown Average peak-to-trough decline	-19.07%	-24.03%	+4.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.68%	17.91%	-0.23%

Volatility

NVDU vs. NVDG - Volatility Comparison

Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and Leverage Shares 2X Long NVDA Daily ETF (NVDG) have volatilities of 20.47% and 20.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDU	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.47%	20.81%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	51.19%	50.85%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	81.98%	81.32%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.99%	92.39%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.99%	92.39%	-0.40%