MSTX vs. NVDL
Compare and contrast key facts about Defiance Daily Target 2X Long MSTR ETF (MSTX) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
MSTX and NVDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MSTX is an actively managed fund by Defiance. It was launched on Aug 14, 2024. 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: MSTX or NVDL.
Correlation
The correlation between MSTX and NVDL is 0.37, 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
MSTX vs. NVDL - Performance Comparison
Key characteristics
MSTX:
206.80%
NVDL:
105.50%
MSTX:
-71.87%
NVDL:
-51.40%
MSTX:
-58.72%
NVDL:
-21.15%
Returns By Period
In the year-to-date period, MSTX achieves a 46.73% return, which is significantly higher than NVDL's 1.25% return.
MSTX
46.73%
-32.41%
N/A
N/A
N/A
N/A
NVDL
1.25%
3.69%
8.18%
273.27%
N/A
N/A
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MSTX vs. NVDL - Expense Ratio Comparison
MSTX has a 1.29% expense ratio, which is higher than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
MSTX vs. NVDL — Risk-Adjusted Performance Rank
MSTX
NVDL
MSTX vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MSTR ETF (MSTX) 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.
Not enough dataDividends
MSTX vs. NVDL - Dividend Comparison
MSTX's dividend yield for the trailing twelve months is around 27.95%, while NVDL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
MSTX Defiance Daily Target 2X Long MSTR ETF | 27.95% | 41.01% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 11.29% |
Drawdowns
MSTX vs. NVDL - Drawdown Comparison
The maximum MSTX drawdown since its inception was -71.87%, which is greater than NVDL's maximum drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for MSTX and NVDL. For additional features, visit the drawdowns tool.
Volatility
MSTX vs. NVDL - Volatility Comparison
Defiance Daily Target 2X Long MSTR ETF (MSTX) has a higher volatility of 65.33% compared to GraniteShares 2x Long NVDA Daily ETF (NVDL) at 25.15%. This indicates that MSTX's price experiences larger fluctuations and is considered to be riskier than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.