GSHD vs. NVDL
Compare and contrast key facts about Goosehead Insurance, Inc (GSHD) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSHD or NVDL.
Correlation
The correlation between GSHD and NVDL is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GSHD vs. NVDL - Performance Comparison
Key characteristics
GSHD:
0.74
NVDL:
0.93
GSHD:
1.45
NVDL:
1.81
GSHD:
1.20
NVDL:
1.23
GSHD:
0.57
NVDL:
2.04
GSHD:
1.83
NVDL:
4.70
GSHD:
21.78%
NVDL:
22.35%
GSHD:
53.85%
NVDL:
113.13%
GSHD:
-83.41%
NVDL:
-51.40%
GSHD:
-34.54%
NVDL:
-32.08%
Returns By Period
In the year-to-date period, GSHD achieves a 8.24% return, which is significantly higher than NVDL's -12.79% return.
GSHD
8.24%
11.69%
37.28%
38.16%
16.60%
N/A
NVDL
-12.79%
-10.26%
-0.89%
105.08%
N/A
N/A
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Risk-Adjusted Performance
GSHD vs. NVDL — Risk-Adjusted Performance Rank
GSHD
NVDL
GSHD vs. NVDL - Risk-Adjusted Performance 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.
Dividends
GSHD vs. NVDL - Dividend Comparison
GSHD's dividend yield for the trailing twelve months is around 5.38%, while NVDL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
GSHD Goosehead Insurance, Inc | 5.38% | 0.00% | 0.00% | 0.00% | 1.25% | 0.92% | 0.97% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 11.29% | 0.00% | 0.00% | 0.00% | 0.00% |
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 -51.40%. Use the drawdown chart below to compare losses from any high point for GSHD and NVDL. For additional features, visit the drawdowns tool.
Volatility
GSHD vs. NVDL - Volatility Comparison
The current volatility for Goosehead Insurance, Inc (GSHD) is 11.14%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 51.50%. 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.