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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.
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Returns By Period
GraniteShares 2x Long NVDA Daily ETF (NVDL) has returned -17.54% so far this year and 94.04% over the past 12 months.
GraniteShares 2x Long NVDA Daily ETF
- 1D
- 11.18%
- 1M
- -5.12%
- YTD
- -17.54%
- 6M
- -22.48%
- 1Y
- 94.04%
- 3Y*
- 117.57%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Dec 13, 2022, NVDL's average daily return is +0.52%, while the average monthly return is +10.15%. At this rate, your investment would double in approximately 0.6 years.
Historically, 60% of months were positive and 40% were negative. The best month was Feb 2024 with a return of +59.1%, while the worst month was Dec 2022 at -28.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NVDL closed higher 54% of trading days. The best single day was May 25, 2023 with a return of +36.2%, while the worst single day was Jan 27, 2025 at -33.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.85% | -16.31% | -5.12% | -17.54% | |||||||||
| 2025 | -26.15% | 4.92% | -27.29% | -7.22% | 50.26% | 35.06% | 24.91% | -5.54% | 12.67% | 15.34% | -25.32% | 9.14% | 32.57% |
| 2024 | 38.87% | 59.13% | 25.76% | -12.22% | 55.72% | 22.60% | -14.68% | -1.60% | -0.34% | 16.45% | 6.10% | -7.65% | 344.58% |
| 2023 | 52.21% | 27.37% | 29.52% | -0.98% | 55.62% | 16.14% | 15.07% | 6.86% | -18.11% | -10.51% | 21.89% | 7.81% | 432.18% |
| 2022 | -28.32% | -28.32% |
Benchmark Metrics
GraniteShares 2x Long NVDA Daily ETF has an annualized alpha of 96.29%, beta of 3.94, and R² of 0.43 versus S&P 500 Index. Calculated based on daily prices since December 14, 2022.
- This ETF captured 970.64% of S&P 500 Index gains and 189.62% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- R² of 0.43 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 96.29%
- Beta
- 3.94
- R²
- 0.43
- Upside Capture
- 970.64%
- Downside Capture
- 189.62%
Expense Ratio
NVDL has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NVDL ranks 66 for risk / return — better than 66% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and compare them to a chosen benchmark (S&P 500 Index).
| NVDL | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 0.90 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.91 | 1.39 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.15 | 1.40 | +0.75 |
Martin ratioReturn relative to average drawdown | 5.21 | 6.61 | -1.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore NVDL risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
GraniteShares 2x Long NVDA Daily ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $1.69 |
Dividend yield | 0.00% | 0.00% | 0.00% | 11.29% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 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 | $0.00 |
| 2023 | $1.69 | $1.69 |
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.
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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 67.55%, occurring on Apr 4, 2025. Recovery took 77 trading sessions.
The current GraniteShares 2x Long NVDA Daily ETF drawdown is 35.77%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -67.55% | Jun 20, 2024 | 199 | Apr 4, 2025 | 77 | Jul 28, 2025 | 276 |
| -42.23% | Oct 30, 2025 | 103 | Mar 30, 2026 | — | — | — |
| -37.75% | Mar 26, 2024 | 18 | Apr 19, 2024 | 24 | May 23, 2024 | 42 |
| -32.26% | 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 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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