NVDX vs. ARMG

Last updated Jun 23, 2026

NVDX (T-REX 2X Long NVIDIA Daily Target ETF) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, NVDX returned 58.04% vs 343.67% for ARMG. At a 0.47 correlation, their price movements are largely independent. NVDX charges 1.05%/yr vs 0.75%/yr for ARMG.

Performance

NVDX vs. ARMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and Leverage Shares 2X Long ARM Daily ETF (ARMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDX achieves a 8.64% return, which is significantly lower than ARMG's 837.72% return.

NVDX

• 1D: -1.74%
• 1M: -8.51%
• YTD: 8.64%
• 6M: 11.25%
• 1Y: 58.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARMG

• 1D: -14.47%
• 1M: 56.79%
• YTD: 837.72%
• 6M: 769.43%
• 1Y: 343.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDX vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
NVDX T-REX 2X Long NVIDIA Daily Target ETF	8.64%	29.96%
ARMG Leverage Shares 2X Long ARM Daily ETF	837.72%	-62.65%

Correlation

The correlation between NVDX and ARMG is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.47

The correlation between NVDX and ARMG shifts across timeframes, from 0.36 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NVDX vs. ARMG — Risk / Return Rank

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

NVDX

NVDX Risk / Return Rank: 26
NVDX Sharpe Ratio Rank: 24
NVDX Sortino Ratio Rank: 28
NVDX Omega Ratio Rank: 26
NVDX Calmar Ratio Rank: 28
NVDX Martin Ratio Rank: 23

ARMG

ARMG Risk / Return Rank: 71
ARMG Sharpe Ratio Rank: 81
ARMG Sortino Ratio Rank: 69
ARMG Omega Ratio Rank: 66
ARMG Calmar Ratio Rank: 89
ARMG Martin Ratio Rank: 53

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.

NVDX vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.

	NVDX	ARMG	Difference
Sharpe ratio: Return per unit of total volatility	0.83	2.48	-1.65
Sortino ratio: Return per unit of downside risk	1.49	3.02	-1.53
Omega ratio: Gain probability vs. loss probability	1.18	1.38	-0.20
Calmar ratio: Return relative to maximum drawdown	1.33	5.08	-3.75
Martin ratio: Return relative to average drawdown	2.91	8.87	-5.96

NVDX vs. ARMG - Sharpe Ratio Comparison

The current NVDX Sharpe Ratio is 0.83, which is lower than the ARMG Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of NVDX and ARMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NVDX vs. ARMG - Drawdown Comparison

The maximum NVDX drawdown since its inception was -68.19%, smaller than the maximum ARMG drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for NVDX and ARMG.

Drawdown Indicators

	NVDX	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-68.19%	-80.28%	+12.09%
Max Drawdown (1Y) Largest decline over 1 year	-43.76%	-68.13%	+24.37%
Current Drawdown Current decline from peak	-24.33%	-14.47%	-9.86%
Average Drawdown Average peak-to-trough decline	-20.33%	-51.83%	+31.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.99%	38.95%	-18.96%

Volatility

NVDX vs. ARMG - Volatility Comparison

The current volatility for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) is 25.45%, while Leverage Shares 2X Long ARM Daily ETF (ARMG) has a volatility of 71.63%. This indicates that NVDX experiences smaller price fluctuations and is considered to be less risky than ARMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDX	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.45%	71.63%	-46.18%
Volatility (6M) Calculated over the trailing 6-month period	53.08%	114.78%	-61.70%
Volatility (1Y) Calculated over the trailing 1-year period	70.57%	140.12%	-69.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.43%	142.88%	-47.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.43%	142.88%	-47.45%

NVDX vs. ARMG - Expense Ratio Comparison

NVDX has a 1.05% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

NVDX vs. ARMG - Dividend Comparison

NVDX's dividend yield for the trailing twelve months is around 3.08%, more than ARMG's 0.52% yield.

Position	TTM	2025	2024
ARMG Leverage Shares 2X Long ARM Daily ETF	0.52%	4.86%	0.00%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	3.08%	3.35%	15.48%

Frequently Asked Questions

Can I hold both NVDX and ARMG in my portfolio?

NVDX and ARMG have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDX or ARMG?

ARMG has higher volatility (71.63%) compared to NVDX (25.45%). In terms of maximum drawdown, NVDX dropped -68.19% vs ARMG's -80.28%.

Which ETF is better, NVDX or ARMG?

On 1-year performance, ARMG leads with 343.67% vs 58.04% for NVDX. On fees, ARMG is cheaper at 0.75% per year. On volatility, NVDX has been the lower-risk option at 25.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDX or ARMG?

Over the 1-year period, ARMG has performed better with a 343.67% return vs 58.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDX or ARMG?

ARMG is cheaper with a 0.75% expense ratio, compared with 1.05% for NVDX.

Which ETF pays a higher dividend yield, NVDX or ARMG?

NVDX has the higher dividend yield at 3.08%, compared with 0.52% for ARMG.

What is the main difference between NVDX and ARMG?

They also come from different issuers: REX and Leverage Shares. Their fees differ too: 1.05% for NVDX and 0.75% for ARMG.

Which has better risk-adjusted returns?

ARMG currently has the higher Sharpe Ratio (2.48 vs 0.83), 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.