UPW vs. NVDG
Compare and contrast key facts about ProShares Ultra Utilities (UPW) and Leverage Shares 2X Long NVDA Daily ETF (NVDG).
UPW and NVDG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Utilities Index (200%). It was launched on Jan 30, 2007. NVDG is an actively managed fund by Leverage Shares. It was launched on Dec 12, 2024.
Performance
UPW vs. NVDG - Performance Comparison
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UPW vs. NVDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UPW ProShares Ultra Utilities | 15.87% | 23.61% | -3.90% |
NVDG Leverage Shares 2X Long NVDA Daily ETF | -16.59% | 32.45% | -0.75% |
Returns By Period
In the year-to-date period, UPW achieves a 15.87% return, which is significantly higher than NVDG's -16.59% return.
UPW
- 1D
- 1.28%
- 1M
- -4.45%
- YTD
- 15.87%
- 6M
- 8.55%
- 1Y
- 32.00%
- 3Y*
- 18.77%
- 5Y*
- 13.07%
- 10Y*
- 11.32%
NVDG
- 1D
- 1.56%
- 1M
- -8.92%
- YTD
- -16.59%
- 6M
- -22.21%
- 1Y
- 91.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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UPW vs. NVDG - Expense Ratio Comparison
UPW has a 0.95% expense ratio, which is higher than NVDG's 0.75% expense ratio.
Return for Risk
UPW vs. NVDG — Risk / Return Rank
UPW
NVDG
UPW vs. NVDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Utilities (UPW) 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.
| UPW | NVDG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.13 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.89 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.25 | -0.53 |
Martin ratioReturn relative to average drawdown | 4.02 | 5.38 | -1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UPW | NVDG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.13 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.08 | +0.19 |
Correlation
The correlation between UPW and NVDG is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UPW vs. NVDG - Dividend Comparison
UPW's dividend yield for the trailing twelve months is around 1.38%, less than NVDG's 14.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 1.38% | 1.67% | 1.83% | 2.40% | 1.55% | 1.30% | 0.83% | 0.83% | 1.98% | 1.51% | 1.70% | 2.16% |
NVDG Leverage Shares 2X Long NVDA Daily ETF | 14.16% | 11.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UPW vs. NVDG - Drawdown Comparison
The maximum UPW drawdown since its inception was -77.75%, which is greater than NVDG's maximum drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for UPW and NVDG.
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Drawdown Indicators
| UPW | NVDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -66.19% | -11.56% |
Max Drawdown (1Y)Largest decline over 1 year | -18.93% | -42.72% | +23.79% |
Max Drawdown (5Y)Largest decline over 5 years | -49.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.67% | — | — |
Current DrawdownCurrent decline from peak | -6.02% | -35.41% | +29.39% |
Average DrawdownAverage peak-to-trough decline | -22.71% | -24.03% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.10% | 17.91% | -9.81% |
Volatility
UPW vs. NVDG - Volatility Comparison
The current volatility for ProShares Ultra Utilities (UPW) is 10.24%, while Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a volatility of 20.81%. This indicates that UPW experiences smaller price fluctuations and is considered to be less risky than NVDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UPW | NVDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.24% | 20.81% | -10.57% |
Volatility (6M)Calculated over the trailing 6-month period | 20.96% | 50.85% | -29.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.40% | 81.32% | -49.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.12% | 92.39% | -58.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.06% | 92.39% | -55.33% |