GraniteShares 2x Short NVDA Daily ETF (NVD) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NVD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NVD
NVD charges 1.50% annually. There are 83 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 230.47M | Jun 2016 | NVD vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 35.32M | Mar 2024 | NVD vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 2.94M | Nov 2017 | NVD vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 46.76M | Nov 2021 | NVD vs SARK | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.75% | 7.22M | Jan 2024 | NVD vs SKRE |
Best Risk-Adjusted Alternatives to NVD
NVD has a PortfoliosLab risk / return rank of 4. There are 30 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 61.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | 61 | 97.46M | Sep 2024 | NVD vs MSTZ | |
| Direxion Daily NFLX Bear 1X Shares | 58 | 4.71M | Oct 2024 | NVD vs NFXS | |
| Defiance Daily Target 2X Short MSTR ETF | 52 | 28.39M | Aug 2024 | NVD vs SMST | |
| YieldMax Short COIN Option Income Strategy ETF | 45 | 36.86M | Jul 2024 | NVD vs FIAT | |
| Direxion Daily META Bear 1X ETF | 32 | 11.16M | Jun 2024 | NVD vs METD |
Top Performing NVD Alternatives (YTD)
NVD is at -30.21% YTD. There are 47 ETFs in the Inverse Equities category with higher YTD returns, going as high as 49.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Tradr 2X Short TSLA Daily ETF | 49.23% | 110.91M | Jul 2022 | NVD vs TSLQ | |
| GraniteShares 2x Short TSLA Daily ETF | 47.87% | 33.39M | Aug 2023 | NVD vs TSDD | |
| T-Rex 2X Inverse Tesla Daily Target ETF | 45.39% | 34.80M | Oct 2023 | NVD vs TSLZ | |
| Direxion Daily TSLA Bear 1X ETF | 33.30% | 81.35M | Aug 2022 | NVD vs TSLS | |
| Direxion Daily PLTR Bear 1X Shares | 26.78% | 40.54M | Dec 2024 | NVD vs PLTD |
Lowest Volatility Alternatives to NVD
NVD has 73.16% 1-year volatility. There are 53 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | 12.25% | 2.34M | Dec 2024 | NVD vs BRKD | |
| ProShares Short Dow30 | 12.59% | 100.13M | Jun 2006 | NVD vs DOG | |
| ProShares Short S&P500 | 12.81% | 927.71M | Jun 2006 | NVD vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.98% | 230.47M | Jun 2016 | NVD vs SPDN | |
| Gotham Short Strategies ETF | 14.17% | 12.30M | Jul 2017 | NVD vs SHRT |
Lowest Drawdown Alternatives to NVD
NVD has a 1-year max drawdown of -59.80%. There are 45 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | NVD vs BRKD | |
| ProShares Short FTSE China 50 | -13.55% | 4.55M | Mar 2010 | NVD vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 2.94M | Nov 2017 | NVD vs EMTY | |
| ProShares Short Dow30 | -15.02% | 100.13M | Jun 2006 | NVD vs DOG | |
| Direxion Daily S&P 500 Bear 1x Shares | -15.93% | 230.47M | Jun 2016 | NVD vs SPDN |
Other ETFs from GraniteShares
The 10 most viewed GraniteShares ETFs shown here include NVDL, TSYY, BAR and span 7 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long NVDA Daily ETF | Leveraged Equities, Technology Equities | 13 | 0.28% | 3.09B | Dec 2022 | NVD vs NVDL | |
| GraniteShares YieldBOOST TSLA ETF | Derivative Income, Options Trading, Actively Managed | 6 | -23.02% | 61.77M | Dec 2024 | NVD vs TSYY | |
| GraniteShares Gold Trust | Gold, Precious Metals | 30 | -6.21% | 1.34B | Aug 2017 | NVD vs BAR | |
| GraniteShares 2x Long AMD Daily ETF | Leveraged Equities | 86 | 232.67% | 974.29M | Mar 2024 | NVD vs AMDL | |
| GraniteShares 2x Long PLTR Daily ETF | Leveraged Equities | 4 | -62.18% | 271.29M | Sep 2024 | NVD vs PTIR | |
| GraniteShares Platinum Trust | Precious Metals | 24 | -19.56% | 169.30M | Jan 2018 | NVD vs PLTM | |
| GraniteShares 2x Long MU Daily ETF | Leveraged Equities | 98 | 359.36% | 531.06M | Nov 2024 | NVD vs MULL | |
| GraniteShares 2x Long META Daily ETF | Leveraged Equities | 2 | -39.43% | 148.67M | Dec 2022 | NVD vs FBL | |
| GraniteShares 2x Long MSFT Daily ETF | Leveraged Equities | 5 | -18.68% | 117.06M | Mar 2024 | NVD vs MSFL | |
| GraniteShares 2x Long TSLA Daily ETF | Leveraged Equities | 8 | -60.77% | 64.48M | Aug 2023 | NVD vs TSLR |
Often Compared With NVD
Investors most often compare NVD with NVDA, NVDQ, NVDD. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare NVD with Any Fund or Stock
Compare NVD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NVD with funds that move differently
GraniteShares 2x Short NVDA Daily ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NVD.
Explore NVD Diversifiers