AVGU vs. NVDL
AVGU (GraniteShares 2x Long AVGO Daily ETF) and NVDL (GraniteShares 2x Long NVDA Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. AVGU charges 1.50%/yr vs 1.05%/yr for NVDL.
Performance
AVGU vs. NVDL - Performance Comparison
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Returns By Period
In the year-to-date period, AVGU achieves a 4.01% return, which is significantly higher than NVDL's 0.95% return.
AVGU
- 1D
- 0.84%
- 1M
- -19.91%
- YTD
- 4.01%
- 6M
- 1.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDL
- 1D
- -1.42%
- 1M
- -16.80%
- YTD
- 0.95%
- 6M
- -1.58%
- 1Y
- 43.35%
- 3Y*
- 91.71%
- 5Y*
- —
- 10Y*
- —
AVGU vs. NVDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGU GraniteShares 2x Long AVGO Daily ETF | 4.01% | 33.87% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.95% | 16.48% |
Correlation
The correlation between AVGU and NVDL is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.53 |
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Return for Risk
AVGU vs. NVDL — Risk / Return Rank
AVGU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NVDL
AVGU vs. NVDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AVGO Daily ETF (AVGU) 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.
| AVGU | NVDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.03 | — |
| Martin ratioReturn relative to average drawdown | — | 2.25 | — |
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Drawdowns
AVGU vs. NVDL - Drawdown Comparison
The maximum AVGU drawdown since its inception was -53.30%, smaller than the maximum NVDL drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for AVGU and NVDL.
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Drawdown Indicators
| AVGU | NVDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -67.55% | +14.25% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.55% | — |
Current DrawdownCurrent decline from peak | -40.32% | -31.15% | -9.17% |
Average DrawdownAverage peak-to-trough decline | -20.80% | -17.08% | -3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 19.32% | — |
Volatility
AVGU vs. NVDL - Volatility Comparison
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Volatility by Period
| AVGU | NVDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 26.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 53.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 94.56% | 70.68% | +23.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.56% | 90.37% | +4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.56% | 90.37% | +4.19% |
AVGU vs. NVDL - Expense Ratio Comparison
AVGU has a 1.50% expense ratio, which is higher than NVDL's 1.05% expense ratio.
Dividends
AVGU vs. NVDL - Dividend Comparison
Neither AVGU nor NVDL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AVGU GraniteShares 2x Long AVGO Daily ETF | 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
AVGU and NVDL have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NVDL is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDL is cheaper with a 1.05% expense ratio, compared with 1.50% for AVGU.
AVGU and NVDL have nearly identical dividend yields, around 0.00%.
Their fees differ too: 1.50% for AVGU and 1.05% for NVDL.
Find the right allocation for AVGU and NVDL
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