URTY vs. NVDG

Last updated Jun 4, 2026

URTY (ProShares UltraPro Russell2000) and NVDG (Leverage Shares 2X Long NVDA Daily ETF) are both Leveraged Equities funds. URTY is passively managed, while NVDG is actively managed. Over the past year, URTY returned 117.82% vs 83.14% for NVDG. At a 0.43 correlation, their price movements are largely independent. URTY charges 0.95%/yr vs 0.75%/yr for NVDG.

Performance

URTY vs. NVDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Russell2000 (URTY) 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, URTY achieves a 46.44% return, which is significantly higher than NVDG's 18.93% return.

URTY

• 1D: -4.07%
• 1M: 9.06%
• YTD: 46.44%
• 6M: 40.44%
• 1Y: 117.82%
• 3Y*: 27.59%
• 5Y*: -6.71%
• 10Y*: 7.72%

NVDG

• 1D: -7.35%
• 1M: 14.07%
• YTD: 18.93%
• 6M: 26.05%
• 1Y: 83.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URTY vs. NVDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URTY ProShares UltraPro Russell2000	46.44%	9.26%	-15.32%
NVDG Leverage Shares 2X Long NVDA Daily ETF	18.93%	32.45%	-0.75%

Correlation

The correlation between URTY and NVDG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Dec 16, 2024	0.43

The correlation between URTY and NVDG shifts across timeframes, from 0.32 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

URTY vs. NVDG — Risk / Return Rank

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

URTY

URTY Risk / Return Rank: 59
URTY Sharpe Ratio Rank: 60
URTY Sortino Ratio Rank: 52
URTY Omega Ratio Rank: 47
URTY Calmar Ratio Rank: 72
URTY Martin Ratio Rank: 65

NVDG

NVDG Risk / Return Rank: 34
NVDG Sharpe Ratio Rank: 34
NVDG Sortino Ratio Rank: 35
NVDG Omega Ratio Rank: 33
NVDG Calmar Ratio Rank: 39
NVDG Martin Ratio Rank: 30

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.

URTY vs. NVDG - Risk-Adjusted Trends Comparison

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

	URTY	NVDG	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.24	+0.84
Sortino ratio: Return per unit of downside risk	2.55	1.87	+0.69
Omega ratio: Gain probability vs. loss probability	1.30	1.22	+0.08
Calmar ratio: Return relative to maximum drawdown	3.64	1.96	+1.68
Martin ratio: Return relative to average drawdown	11.96	4.44	+7.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URTY vs. NVDG - Sharpe Ratio Comparison

The current URTY Sharpe Ratio is 2.07, which is higher than the NVDG Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of URTY and NVDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	URTY	NVDG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.24	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.40	-0.20

Drawdowns

URTY vs. NVDG - Drawdown Comparison

The maximum URTY drawdown since its inception was -88.09%, which is greater than NVDG's maximum drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for URTY and NVDG.

Drawdown Indicators

	URTY	NVDG	Difference
Max Drawdown Largest peak-to-trough decline	-88.09%	-66.19%	-21.90%
Max Drawdown (1Y) Largest decline over 1 year	-32.56%	-42.72%	+10.16%
Max Drawdown (3Y) Largest decline over 3 years	-65.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-82.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-88.09%	—	—
Current Drawdown Current decline from peak	-39.71%	-18.34%	-21.37%
Average Drawdown Average peak-to-trough decline	-34.79%	-23.07%	-11.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.89%	18.77%	-8.88%

Volatility

URTY vs. NVDG - Volatility Comparison

The current volatility for ProShares UltraPro Russell2000 (URTY) is 17.18%, while Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a volatility of 25.14%. This indicates that URTY 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.

Volatility by Period

	URTY	NVDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.18%	25.14%	-7.96%
Volatility (6M) Calculated over the trailing 6-month period	40.37%	50.15%	-9.78%
Volatility (1Y) Calculated over the trailing 1-year period	57.33%	67.81%	-10.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.43%	90.72%	-23.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.32%	90.72%	-21.40%

URTY vs. NVDG - Expense Ratio Comparison

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

Dividends

URTY vs. NVDG - Dividend Comparison

URTY's dividend yield for the trailing twelve months is around 0.64%, less than NVDG's 9.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NVDG Leverage Shares 2X Long NVDA Daily ETF	9.93%	11.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URTY ProShares UltraPro Russell2000	0.64%	1.02%	1.16%	0.55%	0.28%	0.00%	0.00%	0.18%	0.28%	0.00%	0.03%

Frequently Asked Questions

Can I hold both URTY and NVDG in my portfolio?

URTY and NVDG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URTY or NVDG?

NVDG has higher volatility (25.14%) compared to URTY (17.18%). In terms of maximum drawdown, URTY dropped -88.09% vs NVDG's -66.19%.

Which ETF is better, URTY or NVDG?

On 1-year performance, URTY leads with 117.82% vs 83.14% for NVDG. On fees, NVDG is cheaper at 0.75% per year. On volatility, URTY has been the lower-risk option at 17.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URTY or NVDG?

Over the 1-year period, URTY has performed better with a 117.82% return vs 83.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URTY or NVDG?

NVDG is cheaper with a 0.75% expense ratio, compared with 0.95% for URTY.

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

NVDG has the higher dividend yield at 9.93%, compared with 0.64% for URTY.

What is the main difference between URTY and NVDG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for URTY and 0.75% for NVDG.

Which has better risk-adjusted returns?

URTY currently has the higher Sharpe Ratio (2.07 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.