NVD vs. AAPL
NVD (GraniteShares 2x Short NVDA Daily ETF) is Inverse Equities fund actively managed by GraniteShares, while AAPL (Apple Inc) is a stock. Over the past year, NVD returned -51.56% vs 50.87% for AAPL. At a correlation of -0.27, they often move in opposite directions.
Performance
NVD vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, NVD achieves a -30.35% return, which is significantly lower than AAPL's 16.94% return.
NVD
- 1D
- 7.10%
- 1M
- -0.80%
- 6M
- -31.59%
- YTD
- -30.35%
- 1Y
- -51.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPL
- 1D
- 0.63%
- 1M
- 8.99%
- 6M
- 22.15%
- YTD
- 16.94%
- 1Y
- 50.87%
- 3Y*
- 19.05%
- 5Y*
- 16.89%
- 10Y*
- 30.30%
NVD vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVD GraniteShares 2x Short NVDA Daily ETF | -30.35% | -73.27% | -93.09% | -15.28% |
AAPL Apple Inc | 16.94% | 9.05% | 30.71% | 9.64% |
Correlation
The correlation between NVD and AAPL is -0.20, 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 (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | -0.27 |
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Return for Risk
NVD vs. AAPL — Risk / Return Rank
NVD
AAPL
NVD vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short NVDA Daily ETF (NVD) and Apple Inc (AAPL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVD | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -3.81 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.39 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 3.70 | -4.54 |
| Martin ratioReturn relative to average drawdown | -1.50 | 8.82 | -10.32 |
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Drawdowns
NVD vs. AAPL - Drawdown Comparison
The maximum NVD drawdown since its inception was -99.26%, which is greater than AAPL's maximum drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for NVD and AAPL.
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Drawdown Indicators
| NVD | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.26% | -81.80% | -17.46% |
Max Drawdown (1Y)Largest decline over 1 year | -61.97% | -13.80% | -48.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.52% | — |
Current DrawdownCurrent decline from peak | -99.06% | 0.00% | -99.06% |
Average DrawdownAverage peak-to-trough decline | -82.16% | -29.55% | -52.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.47% | 5.78% | +28.69% |
Volatility
NVD vs. AAPL - Volatility Comparison
GraniteShares 2x Short NVDA Daily ETF (NVD) has a higher volatility of 22.19% compared to Apple Inc (AAPL) at 9.95%. This indicates that NVD's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVD | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.19% | 9.95% | +12.24% |
Volatility (6M)Calculated over the trailing 6-month period | 55.59% | 18.77% | +36.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.84% | 24.11% | +47.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.23% | 27.78% | +64.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.23% | 29.05% | +63.18% |
Dividends
NVD vs. AAPL - Dividend Comparison
NVD's dividend yield for the trailing twelve months is around 16.98%, more than AAPL's 0.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.33% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
NVD GraniteShares 2x Short NVDA Daily ETF | 16.98% | 11.83% | 8.68% | 15.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVD and AAPL have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVD has higher volatility (22.19%) compared to AAPL (9.95%). In terms of maximum drawdown, NVD dropped -99.26% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.12 vs -0.72), 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.
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