NVDW vs. NVDG

Last updated Jun 5, 2026

NVDW (Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both exchange-traded funds - NVDW is a Derivative Income fund actively managed by Roundhill, while NVDG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. Over the past year, NVDW returned 59.61% vs 88.87% for NVDG. With a 1.00 correlation, they move nearly in lockstep. NVDW charges 0.99%/yr vs 0.75%/yr for NVDG.

Performance

NVDW vs. NVDG - Performance Comparison

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

Returns By Period

In the year-to-date period, NVDW achieves a 18.30% return, which is significantly lower than NVDG's 23.86% return.

NVDW

• 1D: 2.02%
• 1M: 13.37%
• YTD: 18.30%
• 6M: 20.44%
• 1Y: 59.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDG

• 1D: 4.14%
• 1M: 21.48%
• YTD: 23.86%
• 6M: 26.22%
• 1Y: 88.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDW vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	18.30%	40.00%
NVDG Leverage Shares 2X Long NVDA Daily ETF	23.86%	62.23%

Correlation

The correlation between NVDW and NVDG is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 3, 2025	1.00

The correlation between NVDW and NVDG has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

NVDW vs. NVDG — Risk / Return Rank

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

NVDW

NVDW Risk / Return Rank: 41
NVDW Sharpe Ratio Rank: 42
NVDW Sortino Ratio Rank: 41
NVDW Omega Ratio Rank: 38
NVDW Calmar Ratio Rank: 48
NVDW Martin Ratio Rank: 37

NVDG

NVDG Risk / Return Rank: 37
NVDG Sharpe Ratio Rank: 38
NVDG Sortino Ratio Rank: 38
NVDG Omega Ratio Rank: 36
NVDG Calmar Ratio Rank: 43
NVDG Martin Ratio Rank: 32

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.

NVDW vs. NVDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) 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.

	NVDW	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.32	+0.14
Sortino ratio: Return per unit of downside risk	2.06	1.94	+0.12
Omega ratio: Gain probability vs. loss probability	1.25	1.23	+0.01
Calmar ratio: Return relative to maximum drawdown	2.35	2.09	+0.25
Martin ratio: Return relative to average drawdown	5.69	4.75	+0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDW vs. NVDG - Sharpe Ratio Comparison

The current NVDW Sharpe Ratio is 1.46, which is comparable to the NVDG Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of NVDW and NVDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NVDW	NVDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.32	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	0.44	+1.15

Drawdowns

NVDW vs. NVDG - Drawdown Comparison

The maximum NVDW drawdown since its inception was -25.54%, smaller than the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for NVDW and NVDG.

Drawdown Indicators

	NVDW	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-25.54%	-66.19%	+40.65%
Max Drawdown (1Y) Largest decline over 1 year	-25.54%	-42.72%	+17.18%
Current Drawdown Current decline from peak	-8.85%	-14.96%	+6.11%
Average Drawdown Average peak-to-trough decline	-8.19%	-23.05%	+14.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.51%	18.79%	-8.28%

Volatility

NVDW vs. NVDG - Volatility Comparison

The current volatility for Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) is 14.99%, while Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a volatility of 25.17%. This indicates that NVDW experiences smaller price fluctuations and is considered to be less risky than NVDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDW	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.99%	25.17%	-10.18%
Volatility (6M) Calculated over the trailing 6-month period	30.78%	50.28%	-19.50%
Volatility (1Y) Calculated over the trailing 1-year period	41.06%	67.73%	-26.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.11%	90.65%	-49.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.11%	90.65%	-49.54%

NVDW vs. NVDG - Expense Ratio Comparison

NVDW has a 0.99% expense ratio, which is higher than NVDG's 0.75% expense ratio.

Dividends

NVDW vs. NVDG - Dividend Comparison

NVDW's dividend yield for the trailing twelve months is around 57.01%, more than NVDG's 9.54% yield.

Position	TTM	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	9.54%	11.81%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	57.01%	38.94%

Frequently Asked Questions

Can I hold both NVDW and NVDG in my portfolio?

With a correlation of 1.00, NVDW 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 is riskier, NVDW or NVDG?

NVDG has higher volatility (25.17%) compared to NVDW (14.99%). In terms of maximum drawdown, NVDW dropped -25.54% vs NVDG's -66.19%.

Which ETF is better, NVDW or NVDG?

On 1-year performance, NVDG leads with 88.87% vs 59.61% for NVDW. On fees, NVDG is cheaper at 0.75% per year. On volatility, NVDW has been the lower-risk option at 14.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDW or NVDG?

Over the 1-year period, NVDG has performed better with a 88.87% return vs 59.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDW or NVDG?

NVDG is cheaper with a 0.75% expense ratio, compared with 0.99% for NVDW.

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

NVDW has the higher dividend yield at 57.01%, compared with 9.54% for NVDG.

What is the main difference between NVDW and NVDG?

NVDW is categorized as Derivative Income, while NVDG is Leveraged Equities. They also come from different issuers: Roundhill and Leverage Shares. Their fees differ too: 0.99% for NVDW and 0.75% for NVDG.

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (1.46 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.