TEXU vs. NVDG

Last updated Jul 21, 2026

TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.13, they often move in opposite directions.

Performance

TEXU vs. NVDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) 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, TEXU achieves a 52.57% return, which is significantly higher than NVDG's 3.23% return.

TEXU

• 1D: 1.23%
• 1M: 8.43%
• 6M: 38.81%
• YTD: 52.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

NVDG

• 1D: 0.72%
• 1M: -8.25%
• 6M: 4.54%
• YTD: 3.23%
• 1Y: 9.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.22%

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

TEXU vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	52.57%	-1.42%
NVDG Leverage Shares 2X Long NVDA Daily ETF	3.23%	-6.04%

Correlation

The correlation between TEXU and NVDG is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	-0.13

Return for Risk

TEXU vs. NVDG — Risk / Return Rank

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

TEXU

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

NVDG

NVDG Risk / Return Rank: 15
NVDG Sharpe Ratio Rank: 13
NVDG Sortino Ratio Rank: 18
NVDG Omega Ratio Rank: 17
NVDG Calmar Ratio Rank: 13
NVDG Martin Ratio Rank: 13

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.

TEXU vs. NVDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) 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.

	TEXU	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	—	0.13	—
Sortino ratio: Return per unit of downside risk	—	0.70	—
Omega ratio: Gain probability vs. loss probability	—	1.08	—
Calmar ratio: Return relative to maximum drawdown	—	0.21	—
Martin ratio: Return relative to average drawdown	—	0.43	—

Drawdowns

TEXU vs. NVDG - Drawdown Comparison

The maximum TEXU drawdown since its inception was -31.71%, smaller than the maximum NVDG drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for TEXU and NVDG.

Drawdown Indicators

	TEXU	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-31.71%	-66.19%	+34.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.72%	—
Current Drawdown Current decline from peak	-20.62%	-29.12%	+8.50%
Average Drawdown Average peak-to-trough decline	-8.27%	-23.36%	+15.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.17%	—

Volatility

Volatility by Period

	TEXU	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.63%	71.09%	-30.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.63%	89.82%	-49.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.63%	89.82%	-49.19%

Dividends

TEXU vs. NVDG - Dividend Comparison

TEXU's dividend yield for the trailing twelve months is around 1.44%, less than NVDG's 11.44% yield.

Position	TTM	2025
NVDG Leverage Shares 2X Long NVDA Daily ETF	11.44%	11.81%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	1.44%	0.67%

Frequently Asked Questions

Can I hold both TEXU and NVDG in my portfolio?

TEXU and NVDG have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

NVDG has the higher dividend yield at 11.44%, compared with 1.44% for TEXU.

What is the main difference between TEXU and NVDG?

They also come from different issuers: Direxion and Leverage Shares.