GraniteShares 2x Long NVDA Daily ETF (NVDL)
The Fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of NVIDIA Corp. The fund should not be expected to provide 2 times the cumulative return of NVDA for periods greater than a day.
ETF Info
| CUSIP | 38747R827 |
|---|---|
| Issuer | GraniteShares |
| Inception Date | Dec 13, 2022 |
| Category | Leveraged Equities |
| Leveraged | 2x |
| Index Tracked | No Index (Active) |
| Home Page | graniteshares.com |
| Asset Class | Equity |
Expense Ratio
NVDL has a high expense ratio of 1.15%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GraniteShares 2x Long 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 Long NVDA Daily ETF had a return of 124.80% year-to-date (YTD) and 322.89% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 124.80% | 5.21% |
| 1 month | -19.24% | -4.30% |
| 6 months | 150.71% | 18.42% |
| 1 year | 322.89% | 21.82% |
| 5 years (annualized) | N/A | 11.27% |
| 10 years (annualized) | N/A | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 38.87% | 59.13% | 25.76% | -12.22% | ||||||||
| 2023 | -10.51% | 21.89% | -3.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of NVDL is 97, placing it in the top 3% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GraniteShares 2x Long NVDA Daily ETF(NVDL)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
GraniteShares 2x Long NVDA Daily ETF granted a 30.12% dividend yield in the last twelve months. The annual payout for that period amounted to $10.11 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $10.11 | $10.11 |
Dividend yield | 30.12% | 67.71% |
Monthly Dividends
The table displays the monthly dividend distributions for GraniteShares 2x Long 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $10.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the GraniteShares 2x Long 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 Long NVDA Daily ETF was 37.75%, occurring on Apr 19, 2024. The portfolio has not yet recovered.
The current GraniteShares 2x Long NVDA Daily ETF drawdown is 27.37%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -37.75% | Mar 26, 2024 | 18 | Apr 19, 2024 | — | — | — |
| -32.27% | Dec 14, 2022 | 10 | Dec 28, 2022 | 16 | Jan 23, 2023 | 26 |
| -27.96% | Sep 1, 2023 | 39 | Oct 26, 2023 | 17 | Nov 20, 2023 | 56 |
| -21.04% | Jul 19, 2023 | 18 | Aug 11, 2023 | 12 | Aug 29, 2023 | 30 |
| -18.81% | Nov 21, 2023 | 29 | Jan 3, 2024 | 8 | Jan 16, 2024 | 37 |
Volatility
Volatility Chart
The current GraniteShares 2x Long NVDA Daily ETF volatility is 35.60%, 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.