PLTU vs. NVDG

Last updated Jun 5, 2026

PLTU (Direxion Daily PLTR Bull 2X Shares) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, PLTU returned -18.22% vs 88.87% for NVDG. At a 0.47 correlation, their price movements are largely independent. PLTU charges 0.97%/yr vs 0.75%/yr for NVDG.

Performance

PLTU vs. NVDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bull 2X Shares (PLTU) 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, PLTU achieves a -47.14% return, which is significantly lower than NVDG's 23.86% return.

PLTU

• 1D: -0.80%
• 1M: 4.95%
• YTD: -47.14%
• 6M: -47.66%
• 1Y: -18.22%
• 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)

PLTU vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTU Direxion Daily PLTR Bull 2X Shares	-47.14%	223.17%	-2.86%
NVDG Leverage Shares 2X Long NVDA Daily ETF	23.86%	32.45%	-0.75%

Correlation

The correlation between PLTU and NVDG is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024	0.47

Return for Risk

PLTU vs. NVDG — Risk / Return Rank

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

PLTU

PLTU Risk / Return Rank: 9
PLTU Sharpe Ratio Rank: 7
PLTU Sortino Ratio Rank: 12
PLTU Omega Ratio Rank: 13
PLTU Calmar Ratio Rank: 7
PLTU Martin Ratio Rank: 7

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.

PLTU vs. NVDG - Risk-Adjusted Trends Comparison

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

	PLTU	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	1.32	-1.50
Sortino ratio: Return per unit of downside risk	0.45	1.94	-1.49
Omega ratio: Gain probability vs. loss probability	1.06	1.23	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.27	2.09	-2.36
Martin ratio: Return relative to average drawdown	-0.46	4.75	-5.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTU vs. NVDG - Sharpe Ratio Comparison

The current PLTU Sharpe Ratio is -0.18, which is lower than the NVDG Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of PLTU 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

	PLTU	NVDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	1.32	-1.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.44	-0.04

Drawdowns

PLTU vs. NVDG - Drawdown Comparison

The maximum PLTU drawdown since its inception was -69.14%, roughly equal to the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for PLTU and NVDG.

Drawdown Indicators

	PLTU	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-69.14%	-66.19%	-2.95%
Max Drawdown (1Y) Largest decline over 1 year	-68.10%	-42.72%	-25.38%
Current Drawdown Current decline from peak	-63.25%	-14.96%	-48.29%
Average Drawdown Average peak-to-trough decline	-31.98%	-23.05%	-8.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.64%	18.79%	+20.85%

Volatility

PLTU vs. NVDG - Volatility Comparison

Direxion Daily PLTR Bull 2X Shares (PLTU) has a higher volatility of 33.28% compared to Leverage Shares 2X Long NVDA Daily ETF (NVDG) at 25.17%. This indicates that PLTU's price experiences larger fluctuations and is considered to be riskier than NVDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTU	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.28%	25.17%	+8.11%
Volatility (6M) Calculated over the trailing 6-month period	77.26%	50.28%	+26.98%
Volatility (1Y) Calculated over the trailing 1-year period	103.08%	67.73%	+35.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.08%	90.65%	+36.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.08%	90.65%	+36.43%

PLTU vs. NVDG - Expense Ratio Comparison

PLTU has a 0.97% expense ratio, which is higher than NVDG's 0.75% expense ratio.

Dividends

PLTU vs. NVDG - Dividend Comparison

PLTU's dividend yield for the trailing twelve months is around 44.98%, more than NVDG's 9.54% yield.

Position	TTM	2025	2024
NVDG Leverage Shares 2X Long NVDA Daily ETF	9.54%	11.81%	0.00%
PLTU Direxion Daily PLTR Bull 2X Shares	44.98%	23.29%	0.12%

Frequently Asked Questions

Can I hold both PLTU and NVDG in my portfolio?

PLTU and NVDG have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTU or NVDG?

PLTU has higher volatility (33.28%) compared to NVDG (25.17%). In terms of maximum drawdown, PLTU dropped -69.14% vs NVDG's -66.19%.

Which ETF is better, PLTU or NVDG?

On 1-year performance, NVDG leads with 88.87% vs -18.22% for PLTU. On fees, NVDG is cheaper at 0.75% per year. On volatility, NVDG has been the lower-risk option at 25.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTU or NVDG?

Over the 1-year period, NVDG has performed better with a 88.87% return vs -18.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTU or NVDG?

NVDG is cheaper with a 0.75% expense ratio, compared with 0.97% for PLTU.

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

PLTU has the higher dividend yield at 44.98%, compared with 9.54% for NVDG.

What is the main difference between PLTU and NVDG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for PLTU and 0.75% for NVDG.

Which has better risk-adjusted returns?

NVDG currently has the higher Sharpe Ratio (1.32 vs -0.18), 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.