GXPS vs. NVDL

Last updated Jun 5, 2026

GXPS (Global X PureCap MSCI Consumer Staples ETF) and NVDL (GraniteShares 2x Long NVDA Daily ETF) are both exchange-traded funds - GXPS is a Consumer Staples Equities fund tracking the MSCI USA Consumer Staples Index, while NVDL is a Leveraged Equities fund actively managed by GraniteShares. GXPS is passively managed, while NVDL is actively managed. At a correlation of -0.35, they often move in opposite directions. GXPS charges 0.25%/yr vs 1.05%/yr for NVDL.

Performance

GXPS vs. NVDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Consumer Staples ETF (GXPS) 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, GXPS achieves a 6.95% return, which is significantly lower than NVDL's 24.36% return.

GXPS

• 1D: -0.18%
• 1M: -3.77%
• YTD: 6.95%
• 6M: 6.56%
• 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*: —

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

GXPS vs. NVDL - Yearly Performance Comparison

	2026 (YTD)	2025
GXPS Global X PureCap MSCI Consumer Staples ETF	6.95%	-1.72%
NVDL GraniteShares 2x Long NVDA Daily ETF	24.36%	8.05%

Correlation

The correlation between GXPS and NVDL is -0.35, 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 (All Time) Calculated using the full available price history since Jul 24, 2025	-0.35

Return for Risk

GXPS vs. NVDL — Risk / Return Rank

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

NVDL

NVDL Risk / Return Rank: 38
NVDL Sharpe Ratio Rank: 38
NVDL Sortino Ratio Rank: 39
NVDL Omega Ratio Rank: 36
NVDL Calmar Ratio Rank: 44
NVDL Martin Ratio Rank: 33

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.

GXPS vs. NVDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Consumer Staples ETF (GXPS) 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.

Sharpe Ratios by Period

	GXPS	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	0.43	1.80	-1.37

Drawdowns

GXPS vs. NVDL - Drawdown Comparison

The maximum GXPS drawdown since its inception was -9.20%, smaller than the maximum NVDL drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for GXPS and NVDL.

Drawdown Indicators

	GXPS	NVDL	Difference
Max Drawdown Largest peak-to-trough decline	-9.20%	-67.55%	+58.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-67.55%	—
Current Drawdown Current decline from peak	-8.14%	-15.19%	+7.05%
Average Drawdown Average peak-to-trough decline	-3.89%	-16.96%	+13.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.41%	—

Volatility

Volatility by Period

	GXPS	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	13.94%	68.08%	-54.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	90.39%	-76.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.94%	90.39%	-76.45%

GXPS vs. NVDL - Expense Ratio Comparison

GXPS has a 0.25% expense ratio, which is lower than NVDL's 1.05% expense ratio.

Dividends

GXPS vs. NVDL - Dividend Comparison

GXPS's dividend yield for the trailing twelve months is around 0.56%, while NVDL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
GXPS Global X PureCap MSCI Consumer Staples ETF	0.56%	0.59%	0.00%	0.00%
NVDL GraniteShares 2x Long NVDA Daily ETF	0.00%	0.00%	0.00%	11.29%

Frequently Asked Questions

Can I hold both GXPS and NVDL in my portfolio?

GXPS and NVDL have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXPS or NVDL?

On fees, GXPS is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXPS or NVDL?

GXPS is cheaper with a 0.25% expense ratio, compared with 1.05% for NVDL.

Which ETF pays a higher dividend yield, GXPS or NVDL?

GXPS has the higher dividend yield at 0.56%, compared with 0.00% for NVDL.

What is the main difference between GXPS and NVDL?

GXPS is categorized as Consumer Staples Equities, while NVDL is Leveraged Equities. They also come from different issuers: Global X and GraniteShares. Their fees differ too: 0.25% for GXPS and 1.05% for NVDL.