NVD vs. COST
NVD (GraniteShares 2x Short NVDA Daily ETF) is Inverse Equities fund actively managed by GraniteShares, while COST (Costco Wholesale Corporation) is a stock. Over the past year, NVD returned -53.87% vs -3.95% for COST. At a correlation of -0.13, they often move in opposite directions.
Performance
NVD vs. COST - Performance Comparison
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Returns By Period
In the year-to-date period, NVD achieves a -23.92% return, which is significantly lower than COST's 9.57% return.
NVD
- 1D
- 3.23%
- 1M
- 15.01%
- YTD
- -23.92%
- 6M
- -22.14%
- 1Y
- -53.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COST
- 1D
- -1.96%
- 1M
- -6.05%
- YTD
- 9.57%
- 6M
- 8.38%
- 1Y
- -3.95%
- 3Y*
- 23.28%
- 5Y*
- 20.31%
- 10Y*
- 21.89%
NVD vs. COST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVD GraniteShares 2x Short NVDA Daily ETF | -23.92% | -73.27% | -93.09% | -15.28% |
COST Costco Wholesale Corporation | 9.57% | -5.39% | 39.62% | 24.74% |
Correlation
The correlation between NVD and COST is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | -0.13 |
The correlation between NVD and COST shifts across timeframes, from -0.13 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NVD vs. COST — Risk / Return Rank
NVD
COST
NVD vs. COST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short NVDA Daily ETF (NVD) and Costco Wholesale Corporation (COST). 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 | COST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.98 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.28 | -0.53 |
| Martin ratioReturn relative to average drawdown | -1.33 | -0.61 | -0.73 |
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Drawdowns
NVD vs. COST - Drawdown Comparison
The maximum NVD drawdown since its inception was -99.26%, which is greater than COST's maximum drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for NVD and COST.
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Drawdown Indicators
| NVD | COST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.26% | -53.39% | -45.87% |
Max Drawdown (1Y)Largest decline over 1 year | -66.81% | -14.42% | -52.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.74% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.40% | — |
Current DrawdownCurrent decline from peak | -98.98% | -13.90% | -85.08% |
Average DrawdownAverage peak-to-trough decline | -81.90% | -13.36% | -68.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.42% | 6.53% | +33.89% |
Volatility
NVD vs. COST - Volatility Comparison
GraniteShares 2x Short NVDA Daily ETF (NVD) has a higher volatility of 26.63% compared to Costco Wholesale Corporation (COST) at 6.00%. This indicates that NVD's price experiences larger fluctuations and is considered to be riskier than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVD | COST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.63% | 6.00% | +20.63% |
Volatility (6M)Calculated over the trailing 6-month period | 54.05% | 14.61% | +39.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.16% | 18.87% | +52.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.48% | 22.75% | +69.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.48% | 21.97% | +70.51% |
Dividends
NVD vs. COST - Dividend Comparison
NVD's dividend yield for the trailing twelve months is around 15.54%, more than COST's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COST Costco Wholesale Corporation | 0.57% | 0.59% | 0.49% | 2.87% | 0.76% | 0.54% | 3.38% | 0.86% | 1.08% | 4.81% | 1.09% | 4.06% |
NVD GraniteShares 2x Short NVDA Daily ETF | 15.54% | 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 COST have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVD has higher volatility (26.63%) compared to COST (6.00%). In terms of maximum drawdown, NVD dropped -99.26% vs COST's -53.39%.
COST currently has the higher Sharpe Ratio (-0.21 vs -0.76), 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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