ETRL vs. NVDL
ETRL (GraniteShares 2x Long ETOR Daily ETF) and NVDL (GraniteShares 2x Long NVDA Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. ETRL charges 1.50%/yr vs 1.05%/yr for NVDL.
Performance
ETRL vs. NVDL - Performance Comparison
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Returns By Period
In the year-to-date period, ETRL achieves a 5.50% return, which is significantly lower than NVDL's 24.36% return.
ETRL
- 1D
- 2.41%
- 1M
- 0.47%
- YTD
- 5.50%
- 6M
- -33.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDL
- 1D
- 3.68%
- 1M
- 21.13%
- YTD
- 24.36%
- 6M
- 26.69%
- 1Y
- 90.12%
- 3Y*
- 113.21%
- 5Y*
- —
- 10Y*
- —
ETRL vs. NVDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETRL GraniteShares 2x Long ETOR Daily ETF | 5.50% | -50.91% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 24.36% | 10.61% |
Correlation
The correlation between ETRL and NVDL is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | 0.31 |
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Return for Risk
ETRL vs. NVDL — Risk / Return Rank
ETRL
NVDL
ETRL vs. NVDL - 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 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ETRL | NVDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.55 | 1.80 | -2.35 |
Drawdowns
ETRL vs. NVDL - Drawdown Comparison
The maximum ETRL drawdown since its inception was -76.44%, which is greater than NVDL's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for ETRL and NVDL.
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Drawdown Indicators
| ETRL | NVDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.44% | -67.55% | -8.89% |
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 | -48.21% | -15.19% | -33.02% |
Average DrawdownAverage peak-to-trough decline | -47.50% | -16.96% | -30.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.41% | — |
Volatility
ETRL vs. NVDL - Volatility Comparison
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Volatility by Period
| ETRL | NVDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 24.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 50.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 105.70% | 68.08% | +37.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.70% | 90.39% | +15.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.70% | 90.39% | +15.31% |
ETRL vs. NVDL - Expense Ratio Comparison
ETRL has a 1.50% expense ratio, which is higher than NVDL's 1.05% expense ratio.
Dividends
ETRL vs. NVDL - Dividend Comparison
Neither ETRL nor NVDL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ETRL GraniteShares 2x Long ETOR 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
ETRL and NVDL have a correlation of 0.31, 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 ETRL.
ETRL and NVDL have nearly identical dividend yields, around 0.00%.
Their fees differ too: 1.50% for ETRL and 1.05% for NVDL.
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