XFEB vs. NVDO
XFEB (FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. A 0.50 correlation means they provide meaningful diversification when combined. XFEB charges 0.85%/yr vs 0.77%/yr for NVDO.
Performance
XFEB vs. NVDO - Performance Comparison
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Returns By Period
In the year-to-date period, XFEB achieves a 3.94% return, which is significantly lower than NVDO's 14.63% return.
XFEB
- 1D
- -0.61%
- 1M
- 0.39%
- YTD
- 3.94%
- 6M
- 4.63%
- 1Y
- 11.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDO
- 1D
- -5.25%
- 1M
- 6.30%
- YTD
- 14.63%
- 6M
- 23.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XFEB vs. NVDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XFEB FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 3.94% | 3.46% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 14.63% | 11.12% |
Correlation
The correlation between XFEB and NVDO is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025 | 0.50 |
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Return for Risk
XFEB vs. NVDO — Risk / Return Rank
XFEB
NVDO
XFEB vs. NVDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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.
| XFEB | NVDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.62 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | — | — |
| Martin ratioReturn relative to average drawdown | 16.74 | — | — |
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
| XFEB | NVDO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 1.08 | +0.32 |
Drawdowns
XFEB vs. NVDO - Drawdown Comparison
The maximum XFEB drawdown since its inception was -9.07%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for XFEB and NVDO.
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Drawdown Indicators
| XFEB | NVDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.07% | -16.25% | +7.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -6.14% | +5.53% |
Average DrawdownAverage peak-to-trough decline | -0.54% | -4.97% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | — | — |
Volatility
XFEB vs. NVDO - Volatility Comparison
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Volatility by Period
| XFEB | NVDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.78% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 32.39% | -27.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 32.39% | -25.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 32.39% | -25.29% |
XFEB vs. NVDO - Expense Ratio Comparison
XFEB has a 0.85% expense ratio, which is higher than NVDO's 0.77% expense ratio.
Dividends
XFEB vs. NVDO - Dividend Comparison
XFEB has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.53%.
| Position | TTM | 2025 |
|---|---|---|
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 14.53% | 16.66% |
XFEB FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 0.00% | 0.00% |
Frequently Asked Questions
XFEB and NVDO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NVDO is cheaper at 0.77% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDO is cheaper with a 0.77% expense ratio, compared with 0.85% for XFEB.
NVDO has the higher dividend yield at 14.53%, compared with 0.00% for XFEB.
They also come from different issuers: First Trust and Leverage Shares. Their fees differ too: 0.85% for XFEB and 0.77% for NVDO.
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