UNHG vs. NVDI.L

Last updated Jun 5, 2026

UNHG (Leverage Shares 2x Long UNH Daily ETF) and NVDI.L (IncomeShares NVIDIA NVDA Options ETP) are both exchange-traded funds - UNHG is a Leveraged Equities fund actively managed by Leverage Shares, while NVDI.L is a Options Trading fund actively managed by Leverage Shares. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. UNHG charges 0.75%/yr vs 0.55%/yr for NVDI.L.

Performance

UNHG vs. NVDI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Long UNH Daily ETF (UNHG) and IncomeShares NVIDIA NVDA Options ETP (NVDI.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UNHG achieves a 24.66% return, which is significantly higher than NVDI.L's -0.43% return.

UNHG

• 1D: 10.27%
• 1M: 16.80%
• YTD: 24.66%
• 6M: 22.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDI.L

• 1D: 0.00%
• 1M: 8.35%
• YTD: -0.43%
• 6M: 2.01%
• 1Y: 19.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UNHG vs. NVDI.L - Yearly Performance Comparison

	2026 (YTD)	2025
UNHG Leverage Shares 2x Long UNH Daily ETF	24.66%	21.72%
NVDI.L IncomeShares NVIDIA NVDA Options ETP	-0.43%	4.01%

Correlation

The correlation between UNHG and NVDI.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.05

Return for Risk

UNHG vs. NVDI.L — Risk / Return Rank

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

NVDI.L

NVDI.L Risk / Return Rank: 20
NVDI.L Sharpe Ratio Rank: 20
NVDI.L Sortino Ratio Rank: 20
NVDI.L Omega Ratio Rank: 21
NVDI.L Calmar Ratio Rank: 21
NVDI.L Martin Ratio Rank: 19

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.

UNHG vs. NVDI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long UNH Daily ETF (UNHG) and IncomeShares NVIDIA NVDA Options ETP (NVDI.L). 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

	UNHG	NVDI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.11	+0.64

Drawdowns

UNHG vs. NVDI.L - Drawdown Comparison

The maximum UNHG drawdown since its inception was -57.00%, which is greater than NVDI.L's maximum drawdown of -31.39%. Use the drawdown chart below to compare losses from any high point for UNHG and NVDI.L.

Drawdown Indicators

	UNHG	NVDI.L	Difference
Max Drawdown Largest peak-to-trough decline	-57.00%	-31.39%	-25.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-21.59%	—
Current Drawdown Current decline from peak	-3.85%	-9.62%	+5.77%
Average Drawdown Average peak-to-trough decline	-22.61%	-10.27%	-12.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.98%	—

Volatility

Volatility by Period

	UNHG	NVDI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	82.76%	32.34%	+50.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.76%	39.31%	+43.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.76%	39.31%	+43.45%

UNHG vs. NVDI.L - Expense Ratio Comparison

UNHG has a 0.75% expense ratio, which is higher than NVDI.L's 0.55% expense ratio.

Dividends

UNHG vs. NVDI.L - Dividend Comparison

UNHG's dividend yield for the trailing twelve months is around 9.07%, less than NVDI.L's 20.63% yield.

Position	TTM	2025	2024
NVDI.L IncomeShares NVIDIA NVDA Options ETP	20.63%	32.04%	2.59%
UNHG Leverage Shares 2x Long UNH Daily ETF	9.07%	11.30%	0.00%

Frequently Asked Questions

Can I hold both UNHG and NVDI.L in my portfolio?

UNHG and NVDI.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UNHG or NVDI.L?

On fees, NVDI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UNHG or NVDI.L?

NVDI.L is cheaper with a 0.55% expense ratio, compared with 0.75% for UNHG.

What is the main difference between UNHG and NVDI.L?

UNHG is categorized as Leveraged Equities, while NVDI.L is Options Trading. Their fees differ too: 0.75% for UNHG and 0.55% for NVDI.L.