ETRL vs. NVD
ETRL (GraniteShares 2x Long ETOR Daily ETF) and NVD (GraniteShares 2x Short NVDA Daily ETF) are both exchange-traded funds - ETRL is a Leveraged Equities fund actively managed by GraniteShares, while NVD is a Inverse Equities fund actively managed by GraniteShares. Both are actively managed. At a correlation of -0.30, they often move in opposite directions. Both charge a 1.50% expense ratio.
Performance
ETRL vs. NVD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETRL achieves a 5.50% return, which is significantly higher than NVD's -37.20% return.
ETRL
- 1D
- 2.41%
- 1M
- 0.47%
- YTD
- 5.50%
- 6M
- -33.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVD
- 1D
- -3.65%
- 1M
- -22.72%
- YTD
- -37.20%
- 6M
- -40.09%
- 1Y
- -68.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETRL vs. NVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETRL GraniteShares 2x Long ETOR Daily ETF | 5.50% | -50.91% |
NVD GraniteShares 2x Short NVDA Daily ETF | -37.20% | -24.21% |
Correlation
The correlation between ETRL and NVD is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | -0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETRL vs. NVD — Risk / Return Rank
ETRL
NVD
ETRL vs. NVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long ETOR Daily ETF (ETRL) and GraniteShares 2x Short NVDA Daily ETF (NVD). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Loading charts...
Sharpe Ratios by Period
| ETRL | NVD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.55 | -0.88 | +0.32 |
Drawdowns
ETRL vs. NVD - Drawdown Comparison
The maximum ETRL drawdown since its inception was -76.44%, smaller than the maximum NVD drawdown of -99.26%. Use the drawdown chart below to compare losses from any high point for ETRL and NVD.
Loading charts...
Drawdown Indicators
| ETRL | NVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.44% | -99.26% | +22.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -72.64% | — |
Current DrawdownCurrent decline from peak | -48.21% | -99.15% | +50.94% |
Average DrawdownAverage peak-to-trough decline | -47.50% | -81.68% | +34.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 47.83% | — |
Volatility
ETRL vs. NVD - Volatility Comparison
Loading charts...
Volatility by Period
| ETRL | NVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 25.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 52.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 105.70% | 68.48% | +37.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.70% | 92.55% | +13.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.70% | 92.55% | +13.15% |
ETRL vs. NVD - Expense Ratio Comparison
Both ETRL and NVD have an expense ratio of 1.50%.
Dividends
ETRL vs. NVD - Dividend Comparison
ETRL has not paid dividends to shareholders, while NVD's dividend yield for the trailing twelve months is around 18.83%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ETRL GraniteShares 2x Long ETOR Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
NVD GraniteShares 2x Short NVDA Daily ETF | 18.83% | 11.83% | 8.68% | 15.78% |
Frequently Asked Questions
ETRL and NVD have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ETRL and NVD have the same expense ratio: 1.50% per year.
NVD has the higher dividend yield at 18.83%, compared with 0.00% for ETRL.
ETRL is categorized as Leveraged Equities, while NVD is Inverse Equities.
Find the right allocation for ETRL and NVD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer