SRTY vs. NVDG

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares UltraPro Short Russell2000 (SRTY) and Leverage Shares 2X Long NVDA Daily ETF (NVDG).

SRTY and NVDG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SRTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (-300%). It was launched on Feb 11, 2010. NVDG is an actively managed fund by Leverage Shares. It was launched on Dec 12, 2024.

Performance

SRTY vs. NVDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short Russell2000 (SRTY) and Leverage Shares 2X Long NVDA Daily ETF (NVDG). The values are adjusted to include any dividend payments, if applicable.

SRTY vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SRTY ProShares UltraPro Short Russell2000	-5.72%	-40.55%	15.53%
NVDG Leverage Shares 2X Long NVDA Daily ETF	-17.87%	32.45%	-0.75%

Returns By Period

In the year-to-date period, SRTY achieves a -5.72% return, which is significantly higher than NVDG's -17.87% return.

SRTY

• 1D: -10.37%
• 1M: 13.97%
• YTD: -5.72%
• 6M: -13.38%
• 1Y: -57.84%
• 3Y*: -37.50%
• 5Y*: -25.46%
• 10Y*: -41.91%

NVDG

• 1D: 11.02%
• 1M: -5.35%
• YTD: -17.87%
• 6M: -22.83%
• 1Y: 93.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SRTY vs. NVDG - Expense Ratio Comparison

SRTY has a 0.95% expense ratio, which is higher than NVDG's 0.75% expense ratio.

SRTY

ProShares UltraPro Short Russell2000

NVDG

Leverage Shares 2X Long NVDA Daily ETF

Return for Risk

SRTY vs. NVDG — Risk / Return Rank

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

SRTY

SRTY Risk / Return Rank: 2
SRTY Sharpe Ratio Rank: 1
SRTY Sortino Ratio Rank: 1
SRTY Omega Ratio Rank: 1
SRTY Calmar Ratio Rank: 1
SRTY Martin Ratio Rank: 5

NVDG

NVDG Risk / Return Rank: 68
NVDG Sharpe Ratio Rank: 67
NVDG Sortino Ratio Rank: 76
NVDG Omega Ratio Rank: 66
NVDG Calmar Ratio Rank: 79
NVDG Martin Ratio Rank: 53

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.

SRTY vs. NVDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Russell2000 (SRTY) 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.

	SRTY	NVDG	Difference
Sharpe ratio Return per unit of total volatility	-0.84	1.15	-1.99
Sortino ratio Return per unit of downside risk	-1.21	1.91	-3.11
Omega ratio Gain probability vs. loss probability	0.86	1.24	-0.38
Calmar ratio Return relative to maximum drawdown	-0.75	2.11	-2.86
Martin ratio Return relative to average drawdown	-0.94	5.07	-6.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRTY vs. NVDG - Sharpe Ratio Comparison

The current SRTY Sharpe Ratio is -0.84, which is lower than the NVDG Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of SRTY and NVDG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SRTY	NVDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	1.15	-1.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	0.07	-0.74

Correlation

The correlation between SRTY and NVDG is -0.45. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SRTY vs. NVDG - Dividend Comparison

SRTY's dividend yield for the trailing twelve months is around 5.80%, less than NVDG's 14.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SRTY ProShares UltraPro Short Russell2000	5.80%	6.87%	9.40%	4.93%	0.17%	0.00%	0.95%	2.13%	0.70%	0.04%
NVDG Leverage Shares 2X Long NVDA Daily ETF	14.38%	11.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SRTY vs. NVDG - Drawdown Comparison

The maximum SRTY drawdown since its inception was -99.99%, which is greater than NVDG's maximum drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for SRTY and NVDG.

Drawdown Indicators

	SRTY	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-66.19%	-33.80%
Max Drawdown (1Y) Largest decline over 1 year	-76.28%	-42.72%	-33.56%
Max Drawdown (5Y) Largest decline over 5 years	-88.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.67%	—	—
Current Drawdown Current decline from peak	-99.99%	-36.40%	-63.59%
Average Drawdown Average peak-to-trough decline	-93.71%	-24.00%	-69.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	61.09%	17.77%	+43.32%

Volatility

SRTY vs. NVDG - Volatility Comparison

ProShares UltraPro Short Russell2000 (SRTY) has a higher volatility of 22.45% compared to Leverage Shares 2X Long NVDA Daily ETF (NVDG) at 20.82%. This indicates that SRTY'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

	SRTY	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.45%	20.82%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	43.37%	51.08%	-7.71%
Volatility (1Y) Calculated over the trailing 1-year period	69.30%	81.33%	-12.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.50%	92.52%	-25.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.22%	92.52%	-24.30%