PTIR vs. NVDG

Last updated Jun 24, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, PTIR returned -52.03% vs 51.22% for NVDG. At a 0.47 correlation, their price movements are largely independent. PTIR charges 1.15%/yr vs 0.75%/yr for NVDG.

Performance

PTIR vs. NVDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) 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, PTIR achieves a -64.50% return, which is significantly lower than NVDG's 1.66% return.

PTIR

• 1D: -4.81%
• 1M: -30.43%
• YTD: -64.50%
• 6M: -70.36%
• 1Y: -52.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDG

• 1D: -8.30%
• 1M: -15.70%
• YTD: 1.66%
• 6M: -1.47%
• 1Y: 51.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PTIR vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-64.50%	221.36%	4.80%
NVDG Leverage Shares 2X Long NVDA Daily ETF	1.66%	32.45%	-0.52%

Correlation

The correlation between PTIR and NVDG is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.47

Return for Risk

PTIR vs. NVDG — Risk / Return Rank

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

PTIR

PTIR Risk / Return Rank: 5
PTIR Sharpe Ratio Rank: 5
PTIR Sortino Ratio Rank: 6
PTIR Omega Ratio Rank: 6
PTIR Calmar Ratio Rank: 3
PTIR Martin Ratio Rank: 3

NVDG

NVDG Risk / Return Rank: 24
NVDG Sharpe Ratio Rank: 22
NVDG Sortino Ratio Rank: 26
NVDG Omega Ratio Rank: 25
NVDG Calmar Ratio Rank: 26
NVDG Martin Ratio Rank: 22

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.

PTIR vs. NVDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.

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.

	PTIR	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	0.73	-1.24
Sortino ratio: Return per unit of downside risk	-0.26	1.39	-1.65
Omega ratio: Gain probability vs. loss probability	0.97	1.17	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.69	1.20	-1.90
Martin ratio: Return relative to average drawdown	-1.22	2.62	-3.85

PTIR vs. NVDG - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.51, which is lower than the NVDG Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of PTIR 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.

Drawdowns

PTIR vs. NVDG - Drawdown Comparison

The maximum PTIR drawdown since its inception was -75.53%, which is greater than NVDG's maximum drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for PTIR and NVDG.

Drawdown Indicators

	PTIR	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-75.53%	-66.19%	-9.34%
Max Drawdown (1Y) Largest decline over 1 year	-75.53%	-42.72%	-32.81%
Current Drawdown Current decline from peak	-75.53%	-30.20%	-45.33%
Average Drawdown Average peak-to-trough decline	-28.60%	-23.05%	-5.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.52%	19.59%	+22.93%

Volatility

PTIR vs. NVDG - Volatility Comparison

GraniteShares 2x Long PLTR Daily ETF (PTIR) has a higher volatility of 37.93% compared to Leverage Shares 2X Long NVDA Daily ETF (NVDG) at 26.07%. This indicates that PTIR'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

	PTIR	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.93%	26.07%	+11.86%
Volatility (6M) Calculated over the trailing 6-month period	77.76%	52.86%	+24.90%
Volatility (1Y) Calculated over the trailing 1-year period	102.66%	70.20%	+32.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.79%	90.59%	+38.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	128.79%	90.59%	+38.20%

PTIR vs. NVDG - Expense Ratio Comparison

PTIR has a 1.15% expense ratio, which is higher than NVDG's 0.75% expense ratio.

Dividends

PTIR vs. NVDG - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 16.37%, more than NVDG's 11.62% yield.

Position	TTM	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	11.62%	11.81%
PTIR GraniteShares 2x Long PLTR Daily ETF	16.37%	5.81%

Frequently Asked Questions

Can I hold both PTIR and NVDG in my portfolio?

PTIR and NVDG have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or NVDG?

PTIR has higher volatility (37.93%) compared to NVDG (26.07%). In terms of maximum drawdown, PTIR dropped -75.53% vs NVDG's -66.19%.

Which ETF is better, PTIR or NVDG?

On 1-year performance, NVDG leads with 51.22% vs -52.03% for PTIR. On fees, NVDG is cheaper at 0.75% per year. On volatility, NVDG has been the lower-risk option at 26.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or NVDG?

Over the 1-year period, NVDG has performed better with a 51.22% return vs -52.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or NVDG?

NVDG is cheaper with a 0.75% expense ratio, compared with 1.15% for PTIR.

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

PTIR has the higher dividend yield at 16.37%, compared with 11.62% for NVDG.

What is the main difference between PTIR and NVDG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.15% for PTIR and 0.75% for NVDG.

Which has better risk-adjusted returns?

NVDG currently has the higher Sharpe Ratio (0.73 vs -0.51), 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.