GraniteShares 2x Short NVDA Daily ETF (NVD)
NVD is an actively managed ETF by GraniteShares. NVD launched on Aug 21, 2023 and has a 1.50% expense ratio.
ETF Info
| Issuer | GraniteShares |
|---|---|
| Inception Date | Aug 21, 2023 |
| Category | Inverse Equities, Leveraged |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
Expense Ratio
NVD has a high expense ratio of 1.50%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: NVD vs. NVDA, NVD vs. NVDL, NVD vs. QCOM, NVD vs. VOO, NVD vs. AAPL, NVD vs. COST, NVD vs. USD, NVD vs. QLD, NVD vs. FDVV, 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.
Returns By Period
GraniteShares 2x Short NVDA Daily ETF had a return of -89.55% year-to-date (YTD) and -91.67% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -89.55% | 17.79% |
| 1 month | 20.61% | 0.18% |
| 6 months | -61.06% | 7.53% |
| 1 year | -91.67% | 26.42% |
| 5 years (annualized) | N/A | 13.48% |
| 10 years (annualized) | N/A | 10.85% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -30.41% | -47.70% | -26.98% | 1.38% | -42.50% | -25.08% | -0.45% | -13.64% | -89.55% | ||||
| 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.
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.
Dividends
Dividend History
GraniteShares 2x Short NVDA Daily ETF granted a 151.01% dividend yield in the last twelve months. The annual payout for that period amounted to $3.01 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $3.01 | $3.01 |
Dividend yield | 151.01% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $3.01 | $3.01 |
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.
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 93.68%, occurring on Aug 19, 2024. The portfolio has not yet recovered.
The current GraniteShares 2x Short NVDA Daily ETF drawdown is 92.38%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -93.68% | Oct 27, 2023 | 203 | Aug 19, 2024 | — | — | — |
| -18.47% | Sep 22, 2023 | 14 | Oct 11, 2023 | 11 | Oct 26, 2023 | 25 |
| -11.64% | Aug 23, 2023 | 7 | Aug 31, 2023 | 6 | Sep 11, 2023 | 13 |
| -2.83% | Sep 13, 2023 | 1 | Sep 13, 2023 | 2 | Sep 15, 2023 | 3 |
| -0.26% | Sep 18, 2023 | 1 | Sep 18, 2023 | 1 | Sep 19, 2023 | 2 |
Volatility
Volatility Chart
The current GraniteShares 2x Short NVDA Daily ETF volatility is 34.92%, 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.