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 45 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% | 233.44M | Jun 2016 | NVDQ vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 34.08M | Mar 2024 | NVDQ vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.01M | Nov 2017 | NVDQ vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 41.67M | Nov 2021 | NVDQ vs SARK | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.75% | 7.22M | Jan 2024 | NVDQ vs SKRE |
Best Risk-Adjusted Alternatives to NVDQ
NVDQ has a PortfoliosLab risk / return rank of 2. There are 36 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 | 96.16M | Sep 2024 | NVDQ vs MSTZ | |
| Direxion Daily NFLX Bear 1X Shares | 60 | 5.10M | Oct 2024 | NVDQ vs NFXS | |
| Defiance Daily Target 2X Short MSTR ETF | 53 | 30.06M | Aug 2024 | NVDQ vs SMST | |
| -1x Short VIX Futures ETF | 33 | 198.28M | Mar 2022 | NVDQ vs SVIX | |
| YieldMax Short COIN Option Income Strategy ETF | 32 | 35.08M | Jul 2024 | NVDQ vs FIAT |
Top Performing NVDQ Alternatives (YTD)
NVDQ is at -38.39% YTD. There are 55 ETFs in the Inverse Equities category with higher YTD returns, going as high as 24.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily ORCL Bear 1X ETF | 24.83% | 11.74M | Nov 2025 | NVDQ vs ORCS | |
| Direxion Daily NFLX Bear 1X Shares | 22.45% | 5.10M | Oct 2024 | NVDQ vs NFXS | |
| Direxion Daily MSFT Bear 1X Shares | 18.42% | 11.03M | Sep 2022 | NVDQ vs MSFD | |
| Direxion Daily PLTR Bear 1X Shares | 18.02% | 40.54M | Dec 2024 | NVDQ vs PLTD | |
| ProShares Short FTSE China 50 | 12.29% | 4.73M | Mar 2010 | NVDQ vs YXI |
Lowest Volatility Alternatives to NVDQ
NVDQ has 71.32% 1-year volatility. There are 52 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.34%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short Dow30 | 12.34% | 98.54M | Jun 2006 | NVDQ vs DOG | |
| ProShares Short S&P500 | 12.49% | 869.15M | Jun 2006 | NVDQ vs SH | |
| Direxion Daily BRKB Bear 1X Shares | 12.49% | 2.34M | Dec 2024 | NVDQ vs BRKD | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.71% | 233.44M | Jun 2016 | NVDQ vs SPDN | |
| YieldMax Short N100 Option Income Strategy ETF | 13.91% | 14.88M | Aug 2024 | NVDQ vs YQQQ |
Lowest Drawdown Alternatives to NVDQ
NVDQ has a 1-year max drawdown of -61.65%. There are 47 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 | NVDQ vs BRKD | |
| ProShares Short FTSE China 50 | -11.39% | 4.73M | Mar 2010 | NVDQ vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 3.01M | Nov 2017 | NVDQ vs EMTY | |
| ProShares Short Financials | -14.57% | 13.41M | Jun 2008 | NVDQ vs SEF | |
| ProShares Short Dow30 | -15.02% | 98.54M | Jun 2006 | NVDQ vs DOG |
Other ETFs from T-Rex
The 10 most viewed T-Rex ETFs shown here include MSTU, TSLZ, TSLT and span 4 categories. AUM among these funds goes as high as $337M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| T-Rex 2X Long MSTR Daily Target ETF | Leveraged Equities | 2 | -76.17% | 336.57M | Sep 2024 | NVDQ vs MSTU | |
| T-Rex 2X Inverse Tesla Daily Target ETF | Inverse Equities, Leveraged Equities | 3 | -2.57% | 32.82M | Oct 2023 | NVDQ vs TSLZ | |
| T-Rex 2X Long Tesla Daily Target ETF | Leveraged Equities | 14 | -35.94% | 229.40M | Oct 2023 | NVDQ vs TSLT | |
| T-Rex 2X Long Alphabet Daily Target ETF | Leveraged Bonds | 95 | 25.21% | 53.66M | Jan 2024 | NVDQ vs GOOX | |
| T-Rex 2X Long Apple Daily Target ETF | Leveraged Equities | 76 | 31.46% | 11.24M | Jan 2024 | NVDQ vs AAPX | |
| T-Rex 2X Long Microsoft Daily Target ETF | Leveraged Equities | 2 | -40.15% | 29.99M | 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 | 36 | 26.96% | — | Jul 2024 | NVDQ vs BTCZ | |
| T-REX 2X Inverse CRCL Daily Target ETF | Inverse Equities | — | -82.42% | — | Sep 2025 | NVDQ vs CRCD | |
| T-REX 2X Long TTD Daily Target ETF | Leveraged Equities | — | -80.96% | — | Sep 2025 | NVDQ vs TTDU |
Often Compared With NVDQ
Investors most often compare NVDQ with NVD, GLD, NVDS. These 20 comparison targets span 9 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