SATG vs. NVDL

Last updated Jun 4, 2026

SATG (Leverage Shares 2X Long SATS Daily ETF) and NVDL (GraniteShares 2x Long NVDA Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. SATG charges 0.75%/yr vs 1.15%/yr for NVDL.

Performance

SATG vs. NVDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SATS Daily ETF (SATG) and GraniteShares 2x Long NVDA Daily ETF (NVDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SATG achieves a 1.45% return, which is significantly lower than NVDL's 19.95% return.

SATG

• 1D: -4.52%
• 1M: -3.29%
• YTD: 1.45%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDL

• 1D: -7.15%
• 1M: 14.24%
• YTD: 19.95%
• 6M: 27.27%
• 1Y: 84.82%
• 3Y*: 109.72%
• 5Y*: —
• 10Y*: —

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

SATG vs. NVDL - Yearly Performance Comparison

	2026 (YTD)	2025
SATG Leverage Shares 2X Long SATS Daily ETF	1.45%	8.74%
NVDL GraniteShares 2x Long NVDA Daily ETF	19.95%	9.29%

Correlation

The correlation between SATG and NVDL is 0.28, 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 Dec 17, 2025	0.28

Return for Risk

SATG vs. NVDL — Risk / Return Rank

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

NVDL

NVDL Risk / Return Rank: 34
NVDL Sharpe Ratio Rank: 34
NVDL Sortino Ratio Rank: 35
NVDL Omega Ratio Rank: 33
NVDL Calmar Ratio Rank: 40
NVDL Martin Ratio Rank: 31

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.

SATG vs. NVDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SATS Daily ETF (SATG) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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

	SATG	NVDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	1.77	-1.55

Drawdowns

SATG vs. NVDL - Drawdown Comparison

The maximum SATG drawdown since its inception was -39.11%, smaller than the maximum NVDL drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for SATG and NVDL.

Drawdown Indicators

	SATG	NVDL	Difference
Max Drawdown Largest peak-to-trough decline	-39.11%	-67.55%	+28.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-67.55%	—
Current Drawdown Current decline from peak	-29.28%	-18.19%	-11.09%
Average Drawdown Average peak-to-trough decline	-20.37%	-16.96%	-3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.39%	—

Volatility

Volatility by Period

	SATG	NVDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	24.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	50.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	111.32%	68.20%	+43.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	111.32%	90.43%	+20.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	111.32%	90.43%	+20.89%

SATG vs. NVDL - Expense Ratio Comparison

SATG has a 0.75% expense ratio, which is lower than NVDL's 1.15% expense ratio.

Dividends

SATG vs. NVDL - Dividend Comparison

Neither SATG nor NVDL has paid dividends to shareholders.

Position	TTM	2025	2024	2023
NVDL GraniteShares 2x Long NVDA Daily ETF	0.00%	0.00%	0.00%	11.29%
SATG Leverage Shares 2X Long SATS Daily ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SATG and NVDL in my portfolio?

SATG and NVDL have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SATG or NVDL?

On fees, SATG 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, SATG or NVDL?

SATG is cheaper with a 0.75% expense ratio, compared with 1.15% for NVDL.

Which ETF pays a higher dividend yield, SATG or NVDL?

SATG and NVDL have nearly identical dividend yields, around 0.00%.

What is the main difference between SATG and NVDL?

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