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 16.88%/yr vs 87.43%/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 83.83% return, which is significantly higher than NVDL's 4.65% return.
AOUT
- 1D
- -0.91%
- 1M
- 37.83%
- 6M
- 51.01%
- YTD
- 83.83%
- 1Y
- 48.64%
- 3Y*
- 16.88%
- 5Y*
- -15.96%
- 10Y*
- —
NVDL
- 1D
- -7.05%
- 1M
- -3.55%
- 6M
- 6.87%
- YTD
- 4.65%
- 1Y
- 20.66%
- 3Y*
- 87.43%
- 5Y*
- —
- 10Y*
- —
AOUT vs. NVDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AOUT American Outdoor Brands, Inc. | 83.83% | -49.28% | 81.43% | -16.17% | -1.96% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 4.65% | 32.57% | 344.58% | 432.18% | -28.71% |
Correlation
The correlation between AOUT and NVDL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
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 | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.11 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 0.49 | +0.73 |
| Martin ratioReturn relative to average drawdown | 2.57 | 1.01 | +1.56 |
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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 | -39.97% | -42.23% | +2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -64.19% | -67.55% | +3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -82.30% | — | — |
Current DrawdownCurrent decline from peak | -60.56% | -28.63% | -31.93% |
Average DrawdownAverage peak-to-trough decline | -59.66% | -17.27% | -42.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.97% | 20.50% | -1.53% |
Volatility
AOUT vs. NVDL - Volatility Comparison
American Outdoor Brands, Inc. (AOUT) has a higher volatility of 29.11% compared to GraniteShares 2x Long NVDA Daily ETF (NVDL) at 21.48%. This indicates that AOUT's price experiences larger fluctuations and is considered to be riskier 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 | 29.11% | 21.48% | +7.63% |
Volatility (6M)Calculated over the trailing 6-month period | 41.69% | 54.54% | -12.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.08% | 71.21% | -17.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.95% | 90.15% | -39.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.03% | 90.15% | -37.12% |
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 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AOUT has higher volatility (29.11%) compared to NVDL (21.48%). In terms of maximum drawdown, AOUT dropped -82.35% vs NVDL's -67.55%.
AOUT currently has the higher Sharpe Ratio (0.91 vs 0.29), 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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