RDWU vs. NVDG

Last updated Jun 4, 2026

RDWU (T-REX 2X Long RDW Daily Target ETF) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. RDWU is passively managed, while NVDG is actively managed. At a 0.26 correlation, their price movements are largely independent. RDWU charges 1.50%/yr vs 0.75%/yr for NVDG.

Performance

RDWU vs. NVDG - Performance Comparison

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

Returns By Period

RDWU

• 1D: -19.99%
• 1M: 264.40%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDG

• 1D: -7.35%
• 1M: 14.07%
• YTD: 18.93%
• 6M: 26.05%
• 1Y: 83.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDWU vs. NVDG - Yearly Performance Comparison

	2026 (YTD)
RDWU T-REX 2X Long RDW Daily Target ETF	30.20%
NVDG Leverage Shares 2X Long NVDA Daily ETF	15.04%

Correlation

The correlation between RDWU and NVDG is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 2, 2026	0.26

Return for Risk

RDWU vs. NVDG — Risk / Return Rank

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

NVDG

NVDG Risk / Return Rank: 34
NVDG Sharpe Ratio Rank: 34
NVDG Sortino Ratio Rank: 35
NVDG Omega Ratio Rank: 33
NVDG Calmar Ratio Rank: 39
NVDG Martin Ratio Rank: 30

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.

RDWU vs. NVDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long RDW Daily Target ETF (RDWU) 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.

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

Sharpe Ratios by Period

	RDWU	NVDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.40	+0.08

Drawdowns

RDWU vs. NVDG - Drawdown Comparison

The maximum RDWU drawdown since its inception was -66.94%, roughly equal to the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for RDWU and NVDG.

Drawdown Indicators

	RDWU	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-66.94%	-66.19%	-0.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.72%	—
Current Drawdown Current decline from peak	-50.92%	-18.34%	-32.58%
Average Drawdown Average peak-to-trough decline	-43.16%	-23.07%	-20.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.77%	—

Volatility

Volatility by Period

	RDWU	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	25.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	50.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	251.67%	67.81%	+183.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	251.67%	90.72%	+160.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	251.67%	90.72%	+160.95%

RDWU vs. NVDG - Expense Ratio Comparison

RDWU has a 1.50% expense ratio, which is higher than NVDG's 0.75% expense ratio.

Dividends

RDWU vs. NVDG - Dividend Comparison

RDWU has not paid dividends to shareholders, while NVDG's dividend yield for the trailing twelve months is around 9.93%.

Position	TTM	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	9.93%	11.81%
RDWU T-REX 2X Long RDW Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDWU and NVDG in my portfolio?

RDWU and NVDG have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RDWU or NVDG?

On fees, NVDG 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, RDWU or NVDG?

NVDG is cheaper with a 0.75% expense ratio, compared with 1.50% for RDWU.

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

NVDG has the higher dividend yield at 9.93%, compared with 0.00% for RDWU.

What is the main difference between RDWU and NVDG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for RDWU and 0.75% for NVDG.