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GraniteShares 2x Short NVDA Daily ETF (NVD)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

IssuerGraniteShares
Inception DateAug 21, 2023
CategoryInverse Equities, Leveraged
Leveraged1x
Index TrackedNo Index (Active)
Asset ClassEquity

Expense Ratio

NVD has a high expense ratio of 1.50%, indicating higher-than-average management fees.


Expense ratio chart for NVD: current value at 1.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.50%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons: NVD vs. NVDA, NVD vs. NVDL, NVD vs. VOO, NVD vs. QCOM, NVD vs. AAPL, NVD vs. COST, NVD vs. USD, NVD vs. FDVV, NVD vs. QLD, NVD vs. XLK

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in GraniteShares 2x Short NVDA Daily ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-80.00%-60.00%-40.00%-20.00%0.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-74.84%
14.93%
NVD (GraniteShares 2x Short NVDA Daily ETF)
Benchmark (^GSPC)

Returns By Period

GraniteShares 2x Short NVDA Daily ETF had a return of -93.91% year-to-date (YTD) and -94.19% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date-93.91%25.82%
1 month-16.03%3.20%
6 months-74.86%14.94%
1 year-94.19%35.92%
5 years (annualized)N/A14.22%
10 years (annualized)N/A11.43%

Monthly Returns

The table below presents the monthly returns of NVD, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-30.41%-47.70%-26.98%1.38%-42.50%-25.08%-0.45%-13.64%-9.47%-18.60%-93.91%
2023-11.64%20.10%7.72%-18.94%-8.58%-15.28%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of NVD is 1, indicating that it is in the bottom 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of NVD is 11
Combined Rank
The Sharpe Ratio Rank of NVD is 11Sharpe Ratio Rank
The Sortino Ratio Rank of NVD is 00Sortino Ratio Rank
The Omega Ratio Rank of NVD is 00Omega Ratio Rank
The Calmar Ratio Rank of NVD is 00Calmar Ratio Rank
The Martin Ratio Rank of NVD is 11Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for GraniteShares 2x Short NVDA Daily ETF (NVD) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


NVD
Sharpe ratio
The chart of Sharpe ratio for NVD, currently valued at -0.93, compared to the broader market-2.000.002.004.006.00-0.93
Sortino ratio
The chart of Sortino ratio for NVD, currently valued at -2.87, compared to the broader market0.005.0010.00-2.87
Omega ratio
The chart of Omega ratio for NVD, currently valued at 0.67, compared to the broader market1.001.502.002.503.000.67
Calmar ratio
The chart of Calmar ratio for NVD, currently valued at -0.99, compared to the broader market0.005.0010.0015.00-0.99
Martin ratio
The chart of Martin ratio for NVD, currently valued at -1.26, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-1.26
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 3.08, compared to the broader market-2.000.002.004.006.003.08
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 4.10, compared to the broader market0.005.0010.004.10
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.58, compared to the broader market1.001.502.002.503.001.58
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 4.48, compared to the broader market0.005.0010.0015.004.48
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 20.05, compared to the broader market0.0020.0040.0060.0080.00100.00120.0020.05

Sharpe Ratio

The current GraniteShares 2x Short NVDA Daily ETF Sharpe ratio is -0.93. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of GraniteShares 2x Short NVDA Daily ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00Aug 25SeptemberSep 08Sep 15Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10
-0.93
3.08
NVD (GraniteShares 2x Short NVDA Daily ETF)
Benchmark (^GSPC)

Dividends

Dividend History

GraniteShares 2x Short NVDA Daily ETF provided a 259.33% dividend yield over the last twelve months, with an annual payout of $75.13 per share.


15.78%$0.00$20.00$40.00$60.00$80.002023
Dividends
Dividend Yield
PeriodTTM2023
Dividend$75.13$75.13

Dividend yield

259.33%15.78%

Monthly Dividends

The table displays the monthly dividend distributions for GraniteShares 2x Short NVDA Daily ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$75.13$75.13

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-95.56%
0
NVD (GraniteShares 2x Short NVDA Daily ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the GraniteShares 2x Short NVDA Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the GraniteShares 2x Short NVDA Daily ETF was 95.78%, occurring on Nov 7, 2024. The portfolio has not yet recovered.

The current GraniteShares 2x Short NVDA Daily ETF drawdown is 95.56%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-95.78%Oct 27, 2023260Nov 7, 2024
-18.47%Sep 22, 202314Oct 11, 202311Oct 26, 202325
-11.64%Aug 23, 20237Aug 31, 20236Sep 11, 202313
-2.83%Sep 13, 20231Sep 13, 20232Sep 15, 20233
-0.26%Sep 18, 20231Sep 18, 20231Sep 19, 20232

Volatility

Volatility Chart

The current GraniteShares 2x Short NVDA Daily ETF volatility is 23.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
23.02%
3.89%
NVD (GraniteShares 2x Short NVDA Daily ETF)
Benchmark (^GSPC)