AMDL vs. NVDX
Compare and contrast key facts about GraniteShares 2x Long AMD Daily ETF (AMDL) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX).
AMDL and NVDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMDL is an actively managed fund by GraniteShares. It was launched on Mar 15, 2024. NVDX is an actively managed fund by REX Shares. It was launched on Oct 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMDL or NVDX.
Correlation
The correlation between AMDL and NVDX is 0.54, 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
AMDL vs. NVDX - Performance Comparison
Key characteristics
AMDL:
-0.76
NVDX:
-0.18
AMDL:
-1.40
NVDX:
0.59
AMDL:
0.83
NVDX:
1.07
AMDL:
-0.91
NVDX:
-0.32
AMDL:
-1.64
NVDX:
-0.73
AMDL:
49.33%
NVDX:
30.04%
AMDL:
106.96%
NVDX:
121.39%
AMDL:
-88.63%
NVDX:
-68.19%
AMDL:
-86.59%
NVDX:
-64.82%
Returns By Period
The year-to-date returns for both investments are quite close, with AMDL having a -55.35% return and NVDX slightly higher at -54.50%.
AMDL
-55.35%
-39.68%
-74.70%
-75.97%
N/A
N/A
NVDX
-54.50%
-31.91%
-59.44%
4.51%
N/A
N/A
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AMDL vs. NVDX - Expense Ratio Comparison
AMDL has a 1.15% expense ratio, which is higher than NVDX's 1.05% expense ratio.
Risk-Adjusted Performance
AMDL vs. NVDX — Risk-Adjusted Performance Rank
AMDL
NVDX
AMDL vs. NVDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AMD Daily ETF (AMDL) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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
AMDL vs. NVDX - Dividend Comparison
AMDL has not paid dividends to shareholders, while NVDX's dividend yield for the trailing twelve months is around 34.03%.
| TTM | 2024 | |
|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | 0.00% | 0.00% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 34.03% | 15.49% |
Drawdowns
AMDL vs. NVDX - Drawdown Comparison
The maximum AMDL drawdown since its inception was -88.63%, which is greater than NVDX's maximum drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for AMDL and NVDX. For additional features, visit the drawdowns tool.
Volatility
AMDL vs. NVDX - Volatility Comparison
GraniteShares 2x Long AMD Daily ETF (AMDL) has a higher volatility of 59.90% compared to T-REX 2X Long NVIDIA Daily Target ETF (NVDX) at 47.33%. This indicates that AMDL's price experiences larger fluctuations and is considered to be riskier than NVDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.