AMD.DE vs. NVDL
Compare and contrast key facts about Advanced Micro Devices Inc (AMD.DE) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMD.DE or NVDL.
Key characteristics
| AMD.DE | NVDL | |
|---|---|---|
| YTD Return | 4.64% | 169.73% |
| 1Y Return | 61.19% | 389.43% |
| Sharpe Ratio | 0.92 | 4.81 |
| Daily Std Dev | 45.92% | 84.45% |
| Max Drawdown | -97.19% | -37.75% |
| Current Drawdown | -27.05% | -12.85% |
Correlation
The correlation between AMD.DE and NVDL is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AMD.DE vs. NVDL - Performance Comparison
In the year-to-date period, AMD.DE achieves a 4.64% return, which is significantly lower than NVDL's 169.73% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
AMD.DE vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Advanced Micro Devices Inc (AMD.DE) and GraniteShares 2x Long NVDA Daily ETF (NVDL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AMD.DE vs. NVDL - Dividend Comparison
AMD.DE has not paid dividends to shareholders, while NVDL's dividend yield for the trailing twelve months is around 25.10%.
| TTM | 2023 | |
|---|---|---|
AMD.DE Advanced Micro Devices Inc | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 25.10% | 67.71% |
Drawdowns
AMD.DE vs. NVDL - Drawdown Comparison
The maximum AMD.DE drawdown since its inception was -97.19%, which is greater than NVDL's maximum drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for AMD.DE and NVDL. For additional features, visit the drawdowns tool.
Volatility
AMD.DE vs. NVDL - Volatility Comparison
The current volatility for Advanced Micro Devices Inc (AMD.DE) is 14.08%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 35.04%. This indicates that AMD.DE experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.