NOVZ vs FUTG
Comparison between TrueShares Structured Outcome (November) ETF (NOVZ, ETF) and LEVERAGE SHARES 2X LONG FUTU DAILY ETF (FUTG, ETF).
NOVZ vs FUTG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NOVZ
$38M
Winner
FUTG
$38M
Expense Ratio
NOVZ
0.79%
FUTG
N/A
Max Drawdown
Winner
NOVZ
16.96%
FUTG
86.19%
Sharpe Ratio
Winner
NOVZ
1.09
FUTG
-0.64
5Y Beta
Winner
NOVZ
0.74
FUTG
4.03
NOVZ vs FUTG - Historical Returns
Returns include dividend reinvestment.
1M
NOVZ
+0.15%
Winner
FUTG
+3.59%
3M
Winner
NOVZ
+4.70%
FUTG
-70.23%
6M
Winner
NOVZ
+6.87%
FUTG
-73.06%
1Y
NOVZ
+14.72%
FUTG
N/A
5Y(CAGR)
NOVZ
+10.63%
FUTG
N/A
Max(CAGR)
Winner
NOVZ
+13.53%
FUTG
-82.24%
NOVZ vs FUTG - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | NOVZ | FUTG |
|---|---|---|
| 2026 | +7.30% | -77.17% |
| 2025 | +13.16% | -0.80% |
| 2024 | +19.69% | N/A |
| 2023 | +18.35% | N/A |
| 2022 | -9.93% | N/A |
| 2021 | +22.93% | N/A |
| 2020 | +10.30% | N/A |
NOVZ vs FUTG Drawdown Comparison
The maximum drawdown for NOVZ was -16.62%, occurring on Oct 12, 2022. Recovery took 367 trading sessions.
The maximum drawdown for FUTG was -86.19%, occurring on May 22, 2026. This drawdown has not yet recovered.
The current NOVZ drawdown is -1.39%. The current FUTG drawdown is -82.80%.
| Rank | NOVZ | FUTG |
|---|---|---|
| #1 | -16.62% Dec 29, 2021 - Jun 15, 2023 | -86.19% Oct 31, 2025 - May 22, 2026 |
| #2 | -14.63% Feb 19, 2025 - Jun 27, 2025 | -8.14% Oct 29, 2025 - Oct 31, 2025 |
| #3 | -8.30% Jul 31, 2023 - Dec 8, 2023 | -5.60% Oct 21, 2025 - Oct 23, 2025 |
| #4 | -7.19% Jul 16, 2024 - Sep 19, 2024 | -2.24% Oct 14, 2025 - Oct 17, 2025 |
| #5 | -6.72% Jan 12, 2026 - Apr 15, 2026 | N/A |
| #6 | -4.53% Sep 3, 2021 - Oct 20, 2021 | N/A |
| #7 | -4.50% Mar 28, 2024 - May 15, 2024 | N/A |
| #8 | -3.90% Oct 29, 2025 - Dec 23, 2025 | N/A |
| #9 | -3.57% Feb 12, 2021 - Mar 11, 2021 | N/A |
| #10 | -3.50% Dec 6, 2024 - Jan 23, 2025 | N/A |
| #11 | -3.46% May 7, 2021 - Jun 11, 2021 | N/A |
| #12 | -3.35% Jun 2, 2026 - Jun 10, 2026 | N/A |
| #13 | -3.14% Nov 18, 2021 - Dec 23, 2021 | N/A |
| #14 | -2.89% Jan 21, 2021 - Feb 4, 2021 | N/A |
| #15 | -2.51% Jul 12, 2021 - Jul 23, 2021 | N/A |
Correlation
Correlation between NOVZ and FUTG is -0.69 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
-0.69
-101
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