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
38747R827
Dec 13, 2022
2x
No Index (Active)
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 351.88% year-to-date (YTD) and 358.88% in the last 12 months.
NVDL
351.88%
-16.26%
-9.41%
358.88%
N/A
N/A
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of NVDL, 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 | 38.87% | 59.13% | 25.76% | -12.22% | 55.72% | 22.60% | -14.68% | -1.60% | -0.34% | 16.45% | 6.10% | 351.88% | |
| 2023 | 52.21% | 27.36% | 29.52% | -0.98% | 55.62% | 16.14% | 15.07% | 6.86% | -18.11% | -10.51% | 21.89% | 7.81% | 432.17% |
| 2022 | -28.32% | -28.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, NVDL is among the top 7% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 2.50% dividend yield over the last twelve months, with an annual payout of $1.69 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $1.69 | $1.69 |
Dividend yield | 2.50% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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 51.40%, occurring on Aug 7, 2024. The portfolio has not yet recovered.
The current GraniteShares 2x Long NVDA Daily ETF drawdown is 20.84%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.4% | Jun 20, 2024 | 34 | Aug 7, 2024 | — | — | — |
| -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 |
| -21.04% | Jul 19, 2023 | 18 | Aug 11, 2023 | 12 | Aug 29, 2023 | 30 |
Volatility
Volatility Chart
The current GraniteShares 2x Long NVDA Daily ETF volatility is 20.30%, 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.