UWM vs. NVDG
Compare and contrast key facts about ProShares Ultra Russell2000 (UWM) and Leverage Shares 2X Long NVDA Daily ETF (NVDG).
UWM and NVDG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (200%). It was launched on Jan 25, 2007. NVDG is an actively managed fund by Leverage Shares. It was launched on Dec 12, 2024.
Performance
UWM vs. NVDG - Performance Comparison
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UWM vs. NVDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UWM ProShares Ultra Russell2000 | -0.59% | 13.59% | -10.19% |
NVDG Leverage Shares 2X Long NVDA Daily ETF | -17.87% | 32.45% | -0.75% |
Returns By Period
In the year-to-date period, UWM achieves a -0.59% return, which is significantly higher than NVDG's -17.87% return.
UWM
- 1D
- 7.02%
- 1M
- -10.65%
- YTD
- -0.59%
- 6M
- 1.22%
- 1Y
- 40.99%
- 3Y*
- 14.68%
- 5Y*
- -3.44%
- 10Y*
- 9.88%
NVDG
- 1D
- 11.02%
- 1M
- -5.35%
- YTD
- -17.87%
- 6M
- -22.83%
- 1Y
- 93.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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UWM vs. NVDG - Expense Ratio Comparison
UWM has a 0.95% expense ratio, which is higher than NVDG's 0.75% expense ratio.
Return for Risk
UWM vs. NVDG — Risk / Return Rank
UWM
NVDG
UWM vs. NVDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Russell2000 (UWM) 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.
| UWM | NVDG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.15 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.91 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.11 | -0.61 |
Martin ratioReturn relative to average drawdown | 5.12 | 5.07 | +0.05 |
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
| UWM | NVDG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.15 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.07 | +0.05 |
Correlation
The correlation between UWM and NVDG is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UWM vs. NVDG - Dividend Comparison
UWM's dividend yield for the trailing twelve months is around 1.04%, less than NVDG's 14.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UWM ProShares Ultra Russell2000 | 1.04% | 1.05% | 1.16% | 0.34% | 0.40% | 0.00% | 0.07% | 0.55% | 0.41% | 0.11% | 0.27% | 0.23% |
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% | 0.00% | 0.00% |
Drawdowns
UWM vs. NVDG - Drawdown Comparison
The maximum UWM drawdown since its inception was -88.21%, which is greater than NVDG's maximum drawdown of -66.19%. Use the drawdown chart below to compare losses from any high point for UWM and NVDG.
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Drawdown Indicators
| UWM | NVDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.21% | -66.19% | -22.02% |
Max Drawdown (1Y)Largest decline over 1 year | -26.48% | -42.72% | +16.24% |
Max Drawdown (5Y)Largest decline over 5 years | -61.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.46% | — | — |
Current DrawdownCurrent decline from peak | -27.29% | -36.40% | +9.11% |
Average DrawdownAverage peak-to-trough decline | -31.07% | -24.00% | -7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.76% | 17.77% | -10.01% |
Volatility
UWM vs. NVDG - Volatility Comparison
The current volatility for ProShares Ultra Russell2000 (UWM) is 14.81%, while Leverage Shares 2X Long NVDA Daily ETF (NVDG) has a volatility of 20.82%. This indicates that UWM 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
| UWM | NVDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.81% | 20.82% | -6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 28.72% | 51.08% | -22.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.23% | 81.33% | -35.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.05% | 92.52% | -47.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.00% | 92.52% | -46.52% |