GMEU vs. NVDQ

Last updated Jul 18, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and NVDQ (T-Rex 2X Inverse NVIDIA Daily Target ETF) are both exchange-traded funds - GMEU is a Leveraged Equities fund actively managed by T-Rex, while NVDQ is a Inverse Equities fund actively managed by T-Rex. Both are actively managed. Over the past year, GMEU returned -45.02% vs -49.24% for NVDQ. At a correlation of -0.15, they often move in opposite directions. GMEU charges 1.50%/yr vs 1.05%/yr for NVDQ.

Performance

GMEU vs. NVDQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long GME Daily Target ETF (GMEU) and T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMEU achieves a -8.15% return, which is significantly higher than NVDQ's -32.50% return.

GMEU

• 1D: -1.23%
• 1M: 0.00%
• 6M: -14.62%
• YTD: -8.15%
• 1Y: -45.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDQ

• 1D: 4.61%
• 1M: -1.48%
• 6M: -32.50%
• YTD: -32.50%
• 1Y: -49.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GMEU vs. NVDQ - Yearly Performance Comparison

	2026 (YTD)	2025
GMEU T-Rex 2X Long GME Daily Target ETF	-8.15%	-65.67%
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	-32.50%	-72.25%

Correlation

The correlation between GMEU and NVDQ is -0.14, 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 (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	-0.15

Return for Risk

GMEU vs. NVDQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GMEU

GMEU Risk / Return Rank: 4
GMEU Sharpe Ratio Rank: 4
GMEU Sortino Ratio Rank: 5
GMEU Omega Ratio Rank: 5
GMEU Calmar Ratio Rank: 3
GMEU Martin Ratio Rank: 4

NVDQ

NVDQ Risk / Return Rank: 3
NVDQ Sharpe Ratio Rank: 4
NVDQ Sortino Ratio Rank: 4
NVDQ Omega Ratio Rank: 4
NVDQ Calmar Ratio Rank: 3
NVDQ Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GMEU vs. NVDQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long GME Daily Target ETF (GMEU) and T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ). 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.

	GMEU	NVDQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	-0.69	+0.06
Sortino ratio: Return per unit of downside risk	-0.70	-0.81	+0.11
Omega ratio: Gain probability vs. loss probability	0.92	0.91	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.77	-0.80	+0.03
Martin ratio: Return relative to average drawdown	-1.15	-1.45	+0.30

GMEU vs. NVDQ - Sharpe Ratio Comparison

The current GMEU Sharpe Ratio is -0.64, which is comparable to the NVDQ Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of GMEU and NVDQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GMEU vs. NVDQ - Drawdown Comparison

The maximum GMEU drawdown since its inception was -80.76%, smaller than the maximum NVDQ drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for GMEU and NVDQ.

Drawdown Indicators

	GMEU	NVDQ	Difference
Max Drawdown Largest peak-to-trough decline	-80.76%	-99.45%	+18.69%
Max Drawdown (1Y) Largest decline over 1 year	-58.94%	-61.65%	+2.71%
Current Drawdown Current decline from peak	-79.64%	-99.32%	+19.68%
Average Drawdown Average peak-to-trough decline	-64.54%	-88.56%	+24.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	39.24%	34.10%	+5.14%

Volatility

GMEU vs. NVDQ - Volatility Comparison

The current volatility for T-Rex 2X Long GME Daily Target ETF (GMEU) is 15.23%, while T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a volatility of 22.17%. This indicates that GMEU experiences smaller price fluctuations and is considered to be less risky than NVDQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMEU	NVDQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.23%	22.17%	-6.94%
Volatility (6M) Calculated over the trailing 6-month period	55.88%	56.11%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	70.91%	71.23%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.65%	94.94%	-8.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.65%	94.94%	-8.29%

GMEU vs. NVDQ - Expense Ratio Comparison

GMEU has a 1.50% expense ratio, which is higher than NVDQ's 1.05% expense ratio.

Dividends

GMEU vs. NVDQ - Dividend Comparison

GMEU has not paid dividends to shareholders, while NVDQ's dividend yield for the trailing twelve months is around 0.39%.

Position	TTM	2025	2024	2023
GMEU T-Rex 2X Long GME Daily Target ETF	0.00%	0.00%	0.00%	0.00%
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	0.39%	0.26%	4.59%	11.60%

Frequently Asked Questions

Can I hold both GMEU and NVDQ in my portfolio?

GMEU and NVDQ have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMEU or NVDQ?

NVDQ has higher volatility (22.17%) compared to GMEU (15.23%). In terms of maximum drawdown, GMEU dropped -80.76% vs NVDQ's -99.45%.

Which ETF is better, GMEU or NVDQ?

On 1-year performance, GMEU leads with -45.02% vs -49.24% for NVDQ. On fees, NVDQ is cheaper at 1.05% per year. On volatility, GMEU has been the lower-risk option at 15.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMEU or NVDQ?

Over the 1-year period, GMEU has performed better with a -45.02% return vs -49.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMEU or NVDQ?

NVDQ is cheaper with a 1.05% expense ratio, compared with 1.50% for GMEU.

Which ETF pays a higher dividend yield, GMEU or NVDQ?

NVDQ has the higher dividend yield at 0.39%, compared with 0.00% for GMEU.

What is the main difference between GMEU and NVDQ?

GMEU is categorized as Leveraged Equities, while NVDQ is Inverse Equities. Their fees differ too: 1.50% for GMEU and 1.05% for NVDQ.

Which has better risk-adjusted returns?

GMEU currently has the higher Sharpe Ratio (-0.64 vs -0.69), 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.