GSHD vs. NVDL

Last updated Jun 4, 2026

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 -14.51%/yr vs 109.72%/yr for NVDL. At a 0.10 correlation, their price movements are largely independent.

Performance

GSHD vs. NVDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goosehead Insurance, Inc (GSHD) and GraniteShares 2x Long NVDA Daily ETF (NVDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSHD achieves a -53.33% return, which is significantly lower than NVDL's 19.95% return.

GSHD

• 1D: -4.79%
• 1M: -21.15%
• YTD: -53.33%
• 6M: -54.72%
• 1Y: -68.93%
• 3Y*: -14.51%
• 5Y*: -16.92%
• 10Y*: —

NVDL

• 1D: -7.15%
• 1M: 14.24%
• YTD: 19.95%
• 6M: 27.27%
• 1Y: 84.82%
• 3Y*: 109.72%
• 5Y*: —
• 10Y*: —

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

GSHD vs. NVDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GSHD Goosehead Insurance, Inc	-53.33%	-27.42%	41.45%	120.73%	-15.65%
NVDL GraniteShares 2x Long NVDA Daily ETF	19.95%	32.57%	344.58%	432.18%	-28.32%

Correlation

The correlation between GSHD and NVDL is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022	0.10

The correlation between GSHD and NVDL shifts across timeframes, from -0.01 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GSHD vs. NVDL — Risk / Return Rank

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

GSHD

GSHD Risk / Return Rank: 2
GSHD Sharpe Ratio Rank: 1
GSHD Sortino Ratio Rank: 1
GSHD Omega Ratio Rank: 2
GSHD Calmar Ratio Rank: 1
GSHD Martin Ratio Rank: 3

NVDL

NVDL Risk / Return Rank: 34
NVDL Sharpe Ratio Rank: 34
NVDL Sortino Ratio Rank: 35
NVDL Omega Ratio Rank: 33
NVDL Calmar Ratio Rank: 40
NVDL Martin Ratio Rank: 31

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.

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.

	GSHD	NVDL	Difference
Sharpe ratio: Return per unit of total volatility	-1.27	1.25	-2.52
Sortino ratio: Return per unit of downside risk	-2.37	1.89	-4.26
Omega ratio: Gain probability vs. loss probability	0.71	1.23	-0.51
Calmar ratio: Return relative to maximum drawdown	-1.00	2.02	-3.01
Martin ratio: Return relative to average drawdown	-1.63	4.63	-6.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GSHD vs. NVDL - Sharpe Ratio Comparison

The current GSHD Sharpe Ratio is -1.27, which is lower than the NVDL Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of GSHD and NVDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GSHD	NVDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.27	1.25	-2.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	1.77	-1.58

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.

Drawdown Indicators

	GSHD	NVDL	Difference
Max Drawdown Largest peak-to-trough decline	-83.41%	-67.55%	-15.86%
Max Drawdown (1Y) Largest decline over 1 year	-69.37%	-42.23%	-27.14%
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 Drawdown Current decline from peak	-79.52%	-18.19%	-61.33%
Average Drawdown Average peak-to-trough decline	-38.97%	-16.96%	-22.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.41%	18.39%	+24.02%

Volatility

GSHD vs. NVDL - Volatility Comparison

The current volatility for Goosehead Insurance, Inc (GSHD) is 20.58%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 24.77%. 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.

Volatility by Period

	GSHD	NVDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.58%	24.77%	-4.19%
Volatility (6M) Calculated over the trailing 6-month period	44.92%	50.80%	-5.88%
Volatility (1Y) Calculated over the trailing 1-year period	54.35%	68.20%	-13.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.61%	90.43%	-31.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.51%	90.43%	-30.92%

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

Can I hold both GSHD and NVDL in my portfolio?

GSHD and NVDL have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSHD or NVDL?

NVDL has higher volatility (24.77%) compared to GSHD (20.58%). In terms of maximum drawdown, GSHD dropped -83.41% vs NVDL's -67.55%.

Which has better risk-adjusted returns?

NVDL currently has the higher Sharpe Ratio (1.25 vs -1.27), 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.