SHPU vs. NVDG
SHPU (Direxion Daily SHOP Bull 2X ETF) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. SHPU charges 1.09%/yr vs 0.75%/yr for NVDG.
Performance
SHPU vs. NVDG - Performance Comparison
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Returns By Period
In the year-to-date period, SHPU achieves a -63.82% return, which is significantly lower than NVDG's 8.61% return.
SHPU
- 1D
- -11.54%
- 1M
- 3.30%
- YTD
- -63.82%
- 6M
- -63.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDG
- 1D
- -12.31%
- 1M
- -4.74%
- YTD
- 8.61%
- 6M
- 11.95%
- 1Y
- 70.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHPU vs. NVDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SHPU Direxion Daily SHOP Bull 2X ETF | -63.82% | -2.39% |
NVDG Leverage Shares 2X Long NVDA Daily ETF | 8.61% | -1.66% |
Correlation
The correlation between SHPU and NVDG is 0.37, 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 Aug 7, 2025 | 0.37 |
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Return for Risk
SHPU vs. NVDG — Risk / Return Rank
SHPU
NVDG
SHPU vs. NVDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SHOP Bull 2X ETF (SHPU) 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.
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Sharpe Ratios by Period
| SHPU | NVDG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.65 | 0.30 | -0.95 |
Drawdowns
SHPU vs. NVDG - Drawdown Comparison
The maximum SHPU drawdown since its inception was -77.97%, which is greater than NVDG's maximum drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for SHPU and NVDG.
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Drawdown Indicators
| SHPU | NVDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.97% | -66.19% | -11.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.72% | — |
Current DrawdownCurrent decline from peak | -71.86% | -25.43% | -46.43% |
Average DrawdownAverage peak-to-trough decline | -37.03% | -23.05% | -13.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.86% | — |
Volatility
SHPU vs. NVDG - Volatility Comparison
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Volatility by Period
| SHPU | NVDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 26.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 51.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 110.47% | 68.90% | +41.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 110.47% | 91.12% | +19.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 110.47% | 91.12% | +19.35% |
SHPU vs. NVDG - Expense Ratio Comparison
SHPU has a 1.09% expense ratio, which is higher than NVDG's 0.75% expense ratio.
Dividends
SHPU vs. NVDG - Dividend Comparison
SHPU's dividend yield for the trailing twelve months is around 56.43%, more than NVDG's 10.88% yield.
| Position | TTM | 2025 |
|---|---|---|
NVDG Leverage Shares 2X Long NVDA Daily ETF | 10.88% | 11.81% |
SHPU Direxion Daily SHOP Bull 2X ETF | 56.43% | 20.05% |
Frequently Asked Questions
SHPU 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.
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.
NVDG is cheaper with a 0.75% expense ratio, compared with 1.09% for SHPU.
SHPU has the higher dividend yield at 56.43%, compared with 10.88% for NVDG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.09% for SHPU and 0.75% for NVDG.
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