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 -45.67% vs 53.24% for AAPL. Their -0.25 correlation means they have often moved in opposite directions in the past.
Performance
NVD vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, NVD achieves a -30.21% return, which is significantly lower than AAPL's 13.84% return.
NVD
- 1D
- -5.85%
- 1M
- -9.27%
- 6M
- -25.85%
- YTD
- -30.21%
- 1Y
- -45.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -78.48%
AAPL
- 1D
- -7.35%
- 1M
- 0.09%
- 6M
- 19.27%
- YTD
- 13.84%
- 1Y
- 53.24%
- 3Y*
- 16.99%
- 5Y*
- 16.79%
- 10Y*
- 29.23%
- ALL TIME*
- 19.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AAPL Apple Inc | $19.18B | $17.68B | $17.20B |
| $448.34M | $392.73M | $345.88M |
NVD vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVD GraniteShares 2x Short NVDA Daily ETF | -30.21% | -73.27% | -93.09% | -15.28% |
AAPL Apple Inc | 13.84% | 9.05% | 30.71% | 9.64% |
Correlation
The correlation between NVD and AAPL is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | -0.25 |
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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 | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -3.13 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.35 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 3.60 | -4.32 |
| Martin ratioReturn relative to average drawdown | -1.30 | 8.56 | -9.86 |
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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 | -59.80% | -13.80% | -46.00% |
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% | -9.17% | -89.89% |
Average DrawdownAverage peak-to-trough decline | -82.49% | -29.52% | -52.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.25% | 5.79% | +27.46% |
Volatility
NVD vs. AAPL - Volatility Comparison
GraniteShares 2x Short NVDA Daily ETF (NVD) has a higher volatility of 24.19% compared to Apple Inc (AAPL) at 11.52%. 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 | 24.19% | 11.52% | +12.67% |
Volatility (6M)Calculated over the trailing 6-month period | 57.44% | 20.71% | +36.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.16% | 25.91% | +47.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.05% | 28.02% | +64.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.05% | 29.12% | +62.93% |
Dividends
NVD vs. AAPL - Dividend Comparison
NVD's dividend yield for the trailing twelve months is around 16.95%, more than AAPL's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.34% | 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 | 16.95% | 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 -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVD has higher volatility (24.19%) compared to AAPL (11.52%). In terms of maximum drawdown, NVD dropped -99.26% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (1.92 vs -0.59), 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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