GSHD vs. NVDL
GSHD (Goosehead Insurance, 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, GSHD returned -11.57%/yr vs 92.63%/yr for NVDL. At a 0.09 correlation, their price movements are largely independent.
Performance
GSHD vs. NVDL - Performance Comparison
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Returns By Period
In the year-to-date period, GSHD achieves a -45.61% return, which is significantly lower than NVDL's 2.41% return.
GSHD
- 1D
- 2.69%
- 1M
- -3.89%
- YTD
- -45.61%
- 6M
- -46.65%
- 1Y
- -60.63%
- 3Y*
- -11.57%
- 5Y*
- -19.46%
- 10Y*
- —
NVDL
- 1D
- -8.23%
- 1M
- -15.60%
- YTD
- 2.41%
- 6M
- -0.74%
- 1Y
- 52.74%
- 3Y*
- 92.63%
- 5Y*
- —
- 10Y*
- —
GSHD vs. NVDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GSHD Goosehead Insurance, Inc | -45.61% | -27.42% | 41.45% | 120.73% | -13.78% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.41% | 32.57% | 344.58% | 432.18% | -28.71% |
Correlation
The correlation between GSHD and NVDL is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.09 |
The correlation between GSHD and NVDL shifts across timeframes, from -0.05 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GSHD vs. NVDL — Risk / Return Rank
GSHD
NVDL
GSHD vs. NVDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goosehead Insurance, Inc (GSHD) 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.
| GSHD | NVDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.18 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.17 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 1.25 | -2.16 |
| Martin ratioReturn relative to average drawdown | -1.44 | 2.75 | -4.19 |
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Drawdowns
GSHD vs. NVDL - Drawdown Comparison
The maximum GSHD drawdown since its inception was -83.41%, which is greater than NVDL's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for GSHD and NVDL.
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Drawdown Indicators
| GSHD | NVDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.41% | -67.55% | -15.86% |
Max Drawdown (1Y)Largest decline over 1 year | -67.42% | -42.23% | -25.19% |
Max Drawdown (3Y)Largest decline over 3 years | -72.25% | -67.55% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -83.41% | — | — |
Current DrawdownCurrent decline from peak | -76.13% | -30.16% | -45.97% |
Average DrawdownAverage peak-to-trough decline | -39.19% | -17.07% | -22.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.09% | 19.22% | +22.87% |
Volatility
GSHD vs. NVDL - Volatility Comparison
The current volatility for Goosehead Insurance, Inc (GSHD) is 21.94%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 26.32%. This indicates that GSHD experiences smaller price fluctuations and is considered to be less risky 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
| GSHD | NVDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.94% | 26.32% | -4.38% |
Volatility (6M)Calculated over the trailing 6-month period | 47.19% | 53.60% | -6.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.80% | 70.66% | -13.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.68% | 90.42% | -31.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.60% | 90.42% | -29.82% |
Dividends
GSHD vs. NVDL - Dividend Comparison
Neither GSHD nor NVDL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GSHD Goosehead Insurance, Inc | 0.00% | 8.02% | 0.00% | 0.00% | 0.00% | 1.25% | 1.26% | 0.97% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GSHD and NVDL have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDL has higher volatility (26.32%) compared to GSHD (21.94%). In terms of maximum drawdown, GSHD dropped -83.41% vs NVDL's -67.55%.
NVDL currently has the higher Sharpe Ratio (0.75 vs -1.07), 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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