PBRG vs. NVTX

Last updated Jun 6, 2026

PBRG (Leverage Shares 2X Long PBR Daily ETF) and NVTX (Tradr 2X Long NVTS Daily ETF) are both Leveraged Equities funds. PBRG is passively managed, while NVTX is actively managed. At a 0.06 correlation, their price movements are largely independent. PBRG charges 0.75%/yr vs 1.30%/yr for NVTX.

Performance

PBRG vs. NVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PBR Daily ETF (PBRG) and Tradr 2X Long NVTS Daily ETF (NVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBRG achieves a 110.89% return, which is significantly lower than NVTX's 407.23% return.

PBRG

• 1D: -3.51%
• 1M: -27.22%
• YTD: 110.89%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVTX

• 1D: -36.75%
• 1M: 69.29%
• YTD: 407.23%
• 6M: 174.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBRG vs. NVTX - Yearly Performance Comparison

	2026 (YTD)	2025
PBRG Leverage Shares 2X Long PBR Daily ETF	110.89%	7.59%
NVTX Tradr 2X Long NVTS Daily ETF	407.23%	-8.36%

Correlation

The correlation between PBRG and NVTX is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025	0.06

Return for Risk

PBRG vs. NVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PBR Daily ETF (PBRG) and Tradr 2X Long NVTS Daily ETF (NVTX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PBRG	NVTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	7.14	2.50	+4.65

Drawdowns

PBRG vs. NVTX - Drawdown Comparison

The maximum PBRG drawdown since its inception was -34.71%, smaller than the maximum NVTX drawdown of -89.20%. Use the drawdown chart below to compare losses from any high point for PBRG and NVTX.

Drawdown Indicators

	PBRG	NVTX	Difference
Max Drawdown Largest peak-to-trough decline	-34.71%	-89.20%	+54.49%
Current Drawdown Current decline from peak	-34.71%	-44.09%	+9.38%
Average Drawdown Average peak-to-trough decline	-6.54%	-60.50%	+53.96%

Volatility

Volatility by Period

	PBRG	NVTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	70.61%	269.33%	-198.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.61%	269.33%	-198.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.61%	269.33%	-198.72%

PBRG vs. NVTX - Expense Ratio Comparison

PBRG has a 0.75% expense ratio, which is lower than NVTX's 1.30% expense ratio.

Dividends

PBRG vs. NVTX - Dividend Comparison

PBRG has not paid dividends to shareholders, while NVTX's dividend yield for the trailing twelve months is around 3.36%.

Position	TTM	2025
NVTX Tradr 2X Long NVTS Daily ETF	3.36%	17.05%
PBRG Leverage Shares 2X Long PBR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBRG and NVTX in my portfolio?

PBRG and NVTX have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBRG or NVTX?

On fees, PBRG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PBRG or NVTX?

PBRG is cheaper with a 0.75% expense ratio, compared with 1.30% for NVTX.

Which ETF pays a higher dividend yield, PBRG or NVTX?

NVTX has the higher dividend yield at 3.36%, compared with 0.00% for PBRG.

What is the main difference between PBRG and NVTX?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for PBRG and 1.30% for NVTX.