NVDG vs SPY
Leverage Shares 2X Long NVDA Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NVDG or SPY?
Leverage Strategy against Large Cap Blend.
SPY has a lower expense ratio. NVDG led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NVDG | SPY |
|---|---|---|
| Expense Ratio | 0.76% | 0.09%Best |
| AUM | $42M | $804.7B |
| Dividend Yield | 10.06% | 0.98% |
| Holdings | 5 | 505 |
| YTD Return | +12.10% | +12.47%Best |
| 1Y Return | +17.86%Best | +17.51% |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 71.3% | 12.6%Best |
| Max Drawdown | -66.2% | -18.8%Best |
| $10,000 over 1.7 years | $14,893Best | $12,827 |
| Fund Family | Leverage Shares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Leverage Strategy | Large Cap Blend |
| Inception | Dec 13, 2024 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Dec 13, 2024 to Sep 11, 2026 (1.7 years).
NVDG vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.7 years both funds cover.
NVDG vs SPY Performance
Leverage Shares 2X Long NVDA Daily ETF (NVDG) is an ETF from Leverage Shares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NVDG returned +17.86% while SPY returned +17.51%. Year to date, NVDG is up 12.10% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDG has been the more volatile fund, with annualized monthly volatility of 71.3% compared with 12.6% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -66.2% for NVDG and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NVDG charges 0.76% per year while SPY charges 0.09%. On a $10,000 position that is $76 vs $9 annually, a gap of $67 per year that compounds over a long holding period. On income, NVDG currently yields 10.06% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 1 holding in NVDG and 504 in SPY, totalling 10.2% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in NVDG and 504 in SPY, against full books of 5 and 505.
You are not choosing between two funds in isolation.
Whichever of NVDG and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NVDG or SPY?
NVDG has an expense ratio of 0.76% while SPY charges 0.09%. SPY is the cheaper option, by $67 a year on a $10,000 investment.
Which performed better, NVDG or SPY?
Over the past year NVDG returned +17.86% vs +17.51% for SPY, so NVDG leads on 1-year performance. Over the longest common window we track (2 years), NVDG annualized +26.40% vs +15.77% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVDG or SPY?
NVDG has been the more volatile fund at 71.3% annualized versus 12.6% for SPY. Worst drawdown: NVDG -66.2% vs SPY -18.8%.
Should I hold both NVDG and SPY?
NVDG and SPY have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NVDG or SPY?
NVDG yields 10.06% while SPY yields 0.98%, so NVDG currently pays the higher dividend yield.
Is SPY better than NVDG?
SPY has a lower expense ratio. NVDG led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.