KBWB vs. NVDL
Compare and contrast key facts about Invesco KBW Bank ETF (KBWB) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
KBWB and NVDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBWB is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Bank Index. It was launched on Nov 1, 2011. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Performance
KBWB vs. NVDL - Performance Comparison
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KBWB vs. NVDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KBWB Invesco KBW Bank ETF | -5.53% | 32.05% | 36.73% | -1.18% | -1.01% |
NVDL GraniteShares 2x Long NVDA Daily ETF | -17.54% | 32.57% | 344.58% | 432.18% | -28.32% |
Returns By Period
In the year-to-date period, KBWB achieves a -5.53% return, which is significantly higher than NVDL's -17.54% return.
KBWB
- 1D
- 3.56%
- 1M
- -2.73%
- YTD
- -5.53%
- 6M
- 2.34%
- 1Y
- 29.02%
- 3Y*
- 27.16%
- 5Y*
- 7.87%
- 10Y*
- 11.89%
NVDL
- 1D
- 11.18%
- 1M
- -5.12%
- YTD
- -17.54%
- 6M
- -22.48%
- 1Y
- 94.04%
- 3Y*
- 117.57%
- 5Y*
- —
- 10Y*
- —
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KBWB vs. NVDL - Expense Ratio Comparison
KBWB has a 0.35% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Return for Risk
KBWB vs. NVDL — Risk / Return Rank
KBWB
NVDL
KBWB vs. NVDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW Bank ETF (KBWB) 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.
| KBWB | NVDL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.12 | 1.16 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.53 | 1.91 | -0.39 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.15 | -0.28 |
Martin ratioReturn relative to average drawdown | 5.58 | 5.21 | +0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KBWB | NVDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.16 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.58 | -1.11 |
Correlation
The correlation between KBWB and NVDL is 0.26, 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.
Dividends
KBWB vs. NVDL - Dividend Comparison
KBWB's dividend yield for the trailing twelve months is around 2.27%, while NVDL has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWB Invesco KBW Bank ETF | 2.27% | 2.04% | 2.46% | 3.20% | 3.05% | 2.13% | 2.62% | 2.38% | 2.54% | 1.35% | 1.53% | 1.53% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
KBWB vs. NVDL - Drawdown Comparison
The maximum KBWB drawdown since its inception was -50.27%, smaller than the maximum NVDL drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for KBWB and NVDL.
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Drawdown Indicators
| KBWB | NVDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -67.55% | +17.28% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -42.23% | +25.85% |
Max Drawdown (5Y)Largest decline over 5 years | -49.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.27% | — | — |
Current DrawdownCurrent decline from peak | -12.21% | -35.77% | +23.56% |
Average DrawdownAverage peak-to-trough decline | -11.82% | -17.03% | +5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 17.47% | -11.96% |
Volatility
KBWB vs. NVDL - Volatility Comparison
The current volatility for Invesco KBW Bank ETF (KBWB) is 6.61%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 20.68%. This indicates that KBWB 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
| KBWB | NVDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 20.68% | -14.07% |
Volatility (6M)Calculated over the trailing 6-month period | 15.99% | 51.65% | -35.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.00% | 81.88% | -55.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.65% | 91.18% | -64.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.25% | 91.18% | -61.93% |