T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) 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 NVDQ. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NVDQ
NVDQ charges 1.05% annually. There are 49 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 | NVDQ vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 35.32M | Mar 2024 | NVDQ vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 2.94M | Nov 2017 | NVDQ vs EMTY | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.75% | 7.22M | Jan 2024 | NVDQ vs SKRE | |
| Tradr Short Innovation Daily ETF | 0.75% | 46.76M | Nov 2021 | NVDQ vs SARK |
Best Risk-Adjusted Alternatives to NVDQ
NVDQ has a PortfoliosLab risk / return rank of 3. There are 30 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 48.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 48 | 4.71M | Oct 2024 | NVDQ vs NFXS | |
| T-REX 2X Inverse MSTR Daily Target ETF | 45 | 97.46M | Sep 2024 | NVDQ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 40 | 28.39M | Aug 2024 | NVDQ vs SMST | |
| YieldMax Short COIN Option Income Strategy ETF | 32 | 36.86M | Jul 2024 | NVDQ vs FIAT | |
| -1x Short VIX Futures ETF | 30 | 195.06M | Mar 2022 | NVDQ vs SVIX |
Top Performing NVDQ Alternatives (YTD)
NVDQ is at -39.70% YTD. There are 51 ETFs in the Inverse Equities category with higher YTD returns, going as high as 34.36%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Tradr 2X Short TSLA Daily ETF | 34.36% | 110.91M | Jul 2022 | NVDQ vs TSLQ | |
| GraniteShares 2x Short TSLA Daily ETF | 32.99% | 33.39M | Aug 2023 | NVDQ vs TSDD | |
| T-Rex 2X Inverse Tesla Daily Target ETF | 30.55% | 34.80M | Oct 2023 | NVDQ vs TSLZ | |
| Direxion Daily TSLA Bear 1X ETF | 26.49% | 81.35M | Aug 2022 | NVDQ vs TSLS | |
| Direxion Daily NFLX Bear 1X Shares | 21.94% | 4.71M | Oct 2024 | NVDQ vs NFXS |
Lowest Volatility Alternatives to NVDQ
NVDQ has 72.63% 1-year volatility. There are 52 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.23%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | 12.23% | 2.34M | Dec 2024 | NVDQ vs BRKD | |
| ProShares Short Dow30 | 12.66% | 100.13M | Jun 2006 | NVDQ vs DOG | |
| ProShares Short S&P500 | 12.87% | 927.71M | Jun 2006 | NVDQ vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 13.04% | 230.47M | Jun 2016 | NVDQ vs SPDN | |
| Gotham Short Strategies ETF | 14.18% | 12.30M | Jul 2017 | NVDQ vs SHRT |
Lowest Drawdown Alternatives to NVDQ
NVDQ has a 1-year max drawdown of -61.17%. There are 46 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -8.85%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -8.85% | 2.34M | Dec 2024 | NVDQ vs BRKD | |
| ProShares Short FTSE China 50 | -13.55% | 4.55M | Mar 2010 | NVDQ vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 2.94M | Nov 2017 | NVDQ vs EMTY | |
| ProShares Short Dow30 | -15.77% | 100.13M | Jun 2006 | NVDQ vs DOG | |
| ProShares Short Financials | -16.39% | 13.16M | Jun 2008 | NVDQ vs SEF |
Other ETFs from T-Rex
The 10 most viewed T-Rex ETFs shown here include MSTU, TSLT, GOOX and span 4 categories. AUM among these funds goes as high as $351M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T-Rex 2X Long MSTR Daily Target ETF | Leveraged Equities | 1 | -77.02% | 350.53M | Sep 2024 | NVDQ vs MSTU | |
| T-Rex 2X Long Tesla Daily Target ETF | Leveraged Equities | 9 | -57.84% | 138.46M | Oct 2023 | NVDQ vs TSLT | |
| T-Rex 2X Long Alphabet Daily Target ETF | Leveraged Equities, Technology Equities | 91 | 26.02% | 44.75M | Jan 2024 | NVDQ vs GOOX | |
| T-Rex 2X Long Apple Daily Target ETF | Leveraged Equities | 66 | 15.91% | 10.34M | Jan 2024 | NVDQ vs AAPX | |
| T-Rex 2X Long Microsoft Daily Target ETF | Leveraged Equities | 5 | -11.26% | 30.47M | Jan 2024 | NVDQ vs MSFX | |
| T-REX 2X Long SNDK Daily Target ETF | Leveraged Equities | — | — | — | Mar 2026 | NVDQ vs SNDU | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | Cryptocurrency | 39 | 29.69% | — | Jul 2024 | NVDQ vs BTCZ | |
| T-REX 2X Inverse CRCL Daily Target ETF | Inverse Equities | — | -83.41% | — | Sep 2025 | NVDQ vs CRCD | |
| T-Rex 2X Long GME Daily Target ETF | Leveraged Equities | 3 | -31.57% | — | Apr 2025 | NVDQ vs GMEU | |
| T-REX 2X Long TTD Daily Target ETF | Leveraged Equities | — | -81.55% | — | Sep 2025 | NVDQ vs TTDU |
Often Compared With NVDQ
Investors most often compare NVDQ with NVD, GLD, NVDS. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare NVDQ with Any Fund or Stock
Compare NVDQ with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NVDQ with funds that move differently
T-Rex 2X Inverse NVIDIA Daily Target ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NVDQ.
Explore NVDQ Diversifiers