AOUT vs. NVDL
AOUT (American Outdoor Brands, Inc.) is a stock, while NVDL (GraniteShares 2x Long NVDA Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past 3 years, AOUT returned 9.96%/yr vs 92.63%/yr for NVDL. At a 0.12 correlation, their price movements are largely independent.
Performance
AOUT vs. NVDL - Performance Comparison
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Returns By Period
In the year-to-date period, AOUT achieves a 31.57% return, which is significantly higher than NVDL's 2.41% return.
AOUT
- 1D
- 2.01%
- 1M
- 5.94%
- YTD
- 31.57%
- 6M
- 23.87%
- 1Y
- -2.49%
- 3Y*
- 9.96%
- 5Y*
- -20.97%
- 10Y*
- —
NVDL
- 1D
- -8.23%
- 1M
- -15.60%
- YTD
- 2.41%
- 6M
- -0.74%
- 1Y
- 52.74%
- 3Y*
- 92.63%
- 5Y*
- —
- 10Y*
- —
AOUT vs. NVDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AOUT American Outdoor Brands, Inc. | 31.57% | -49.28% | 81.43% | -16.17% | -1.96% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.41% | 32.57% | 344.58% | 432.18% | -28.71% |
Correlation
The correlation between AOUT and NVDL is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.12 |
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Return for Risk
AOUT vs. NVDL — Risk / Return Rank
AOUT
NVDL
AOUT vs. NVDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Outdoor Brands, Inc. (AOUT) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AOUT | NVDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.17 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.25 | -1.31 |
| Martin ratioReturn relative to average drawdown | -0.09 | 2.75 | -2.84 |
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Drawdowns
AOUT vs. NVDL - Drawdown Comparison
The maximum AOUT drawdown since its inception was -82.35%, which is greater than NVDL's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for AOUT and NVDL.
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Drawdown Indicators
| AOUT | NVDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.35% | -67.55% | -14.80% |
Max Drawdown (1Y)Largest decline over 1 year | -46.82% | -42.23% | -4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -64.19% | -67.55% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -82.35% | — | — |
Current DrawdownCurrent decline from peak | -71.77% | -30.16% | -41.61% |
Average DrawdownAverage peak-to-trough decline | -59.61% | -17.07% | -42.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.43% | 19.22% | +8.21% |
Volatility
AOUT vs. NVDL - Volatility Comparison
The current volatility for American Outdoor Brands, Inc. (AOUT) is 10.67%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 26.32%. This indicates that AOUT 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.
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Volatility by Period
| AOUT | NVDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.67% | 26.32% | -15.65% |
Volatility (6M)Calculated over the trailing 6-month period | 31.60% | 53.60% | -22.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.68% | 70.66% | -21.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.36% | 90.42% | -41.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.81% | 90.42% | -38.61% |
Dividends
AOUT vs. NVDL - Dividend Comparison
Neither AOUT nor NVDL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AOUT American Outdoor Brands, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% |
Frequently Asked Questions
AOUT and NVDL have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDL has higher volatility (26.32%) compared to AOUT (10.67%). In terms of maximum drawdown, AOUT dropped -82.35% vs NVDL's -67.55%.
NVDL currently has the higher Sharpe Ratio (0.75 vs -0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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