ONVD.DE vs. NVDA

Last updated Jun 5, 2026

ONVD.DE (IncomeShares NVIDIA (NVDA) Options ETP) is Derivative Income fund actively managed by Leverage Shares, while NVDA (NVIDIA Corporation) is a stock. Over the past year, ONVD.DE returned -2.77% vs 51.70% for NVDA. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

ONVD.DE vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in IncomeShares NVIDIA (NVDA) Options ETP (ONVD.DE) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ONVD.DE is traded in EUR, while NVDA is traded in USD. To make them comparable, the NVDA values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ONVD.DE achieves a -11.51% return, which is significantly lower than NVDA's 18.72% return.

ONVD.DE

• 1D: 0.70%
• 1M: 3.64%
• YTD: -11.51%
• 6M: -10.43%
• 1Y: -2.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDA

• 1D: 1.80%
• 1M: 12.15%
• YTD: 18.72%
• 6M: 19.70%
• 1Y: 51.70%
• 3Y*: 72.79%
• 5Y*: 67.22%
• 10Y*: 68.88%

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

ONVD.DE vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ONVD.DE IncomeShares NVIDIA (NVDA) Options ETP	-11.51%	-22.38%	0.81%
NVDA NVIDIA Corporation	18.72%	22.43%	-3.69%

Correlation

The correlation between ONVD.DE and NVDA is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024	0.58

The correlation between ONVD.DE and NVDA has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.

Return for Risk

ONVD.DE vs. NVDA — Risk / Return Rank

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

ONVD.DE

ONVD.DE Risk / Return Rank: 9
ONVD.DE Sharpe Ratio Rank: 8
ONVD.DE Sortino Ratio Rank: 9
ONVD.DE Omega Ratio Rank: 9
ONVD.DE Calmar Ratio Rank: 8
ONVD.DE Martin Ratio Rank: 9

NVDA

NVDA Risk / Return Rank: 80
NVDA Sharpe Ratio Rank: 83
NVDA Sortino Ratio Rank: 79
NVDA Omega Ratio Rank: 75
NVDA Calmar Ratio Rank: 81
NVDA Martin Ratio Rank: 80

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.

ONVD.DE vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares NVIDIA (NVDA) Options ETP (ONVD.DE) and NVIDIA Corporation (NVDA). 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.

	ONVD.DE	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	1.49	-1.56
Sortino ratio: Return per unit of downside risk	0.17	2.08	-1.91
Omega ratio: Gain probability vs. loss probability	1.02	1.25	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.08	2.63	-2.71
Martin ratio: Return relative to average drawdown	-0.14	5.79	-5.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONVD.DE vs. NVDA - Sharpe Ratio Comparison

The current ONVD.DE Sharpe Ratio is -0.07, which is lower than the NVDA Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of ONVD.DE and NVDA, 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

	ONVD.DE	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	1.49	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.32	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.46	0.75	-1.20

Drawdowns

ONVD.DE vs. NVDA - Drawdown Comparison

The maximum ONVD.DE drawdown since its inception was -44.31%, smaller than the maximum NVDA drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for ONVD.DE and NVDA.

Drawdown Indicators

	ONVD.DE	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-44.31%	-82.97%	+38.66%
Max Drawdown (1Y) Largest decline over 1 year	-32.80%	-19.76%	-13.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-41.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-60.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-60.91%	—
Current Drawdown Current decline from peak	-36.19%	-6.68%	-29.51%
Average Drawdown Average peak-to-trough decline	-25.54%	-31.86%	+6.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.86%	8.95%	+10.91%

Volatility

ONVD.DE vs. NVDA - Volatility Comparison

The current volatility for IncomeShares NVIDIA (NVDA) Options ETP (ONVD.DE) is 10.23%, while NVIDIA Corporation (NVDA) has a volatility of 12.27%. This indicates that ONVD.DE experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONVD.DE	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.23%	12.27%	-2.04%
Volatility (6M) Calculated over the trailing 6-month period	21.42%	25.45%	-4.03%
Volatility (1Y) Calculated over the trailing 1-year period	38.45%	34.93%	+3.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.36%	51.10%	-4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.36%	49.90%	-3.54%

Dividends

ONVD.DE vs. NVDA - Dividend Comparison

ONVD.DE has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.13%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
ONVD.DE IncomeShares NVIDIA (NVDA) Options ETP	0.00%	3.72%	6.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ONVD.DE and NVDA in my portfolio?

ONVD.DE and NVDA have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.