NVD vs. NVDA
NVD (GraniteShares 2x Short NVDA Daily ETF) is Inverse Equities fund actively managed by GraniteShares, while NVDA (NVIDIA Corporation) is a stock. Over the past year, NVD returned -65.26% vs 46.66% for NVDA. At a correlation of -1.00, they often move in opposite directions.
Performance
NVD vs. NVDA - Performance Comparison
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Returns By Period
In the year-to-date period, NVD achieves a -33.57% return, which is significantly lower than NVDA's 13.11% return.
NVD
- 1D
- -5.57%
- 1M
- 4.86%
- YTD
- -33.57%
- 6M
- -37.58%
- 1Y
- -65.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDA
- 1D
- 2.95%
- 1M
- -3.91%
- YTD
- 13.11%
- 6M
- 16.55%
- 1Y
- 46.66%
- 3Y*
- 70.37%
- 5Y*
- 62.53%
- 10Y*
- 68.15%
NVD vs. NVDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVD GraniteShares 2x Short NVDA Daily ETF | -33.57% | -73.27% | -93.09% | -15.28% |
NVDA NVIDIA Corporation | 13.11% | 38.92% | 171.25% | 5.46% |
Correlation
The correlation between NVD and NVDA is -1.00, 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 | -1.00 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023 | -1.00 |
The correlation between NVD and NVDA has been stable across timeframes, ranging from -1.00 to -1.00 - a consistent structural relationship.
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Return for Risk
NVD vs. NVDA — Risk / Return Rank
NVD
NVDA
NVD vs. NVDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short NVDA Daily ETF (NVD) and NVIDIA Corporation (NVDA). 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 | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.34 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.22 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 2.24 | -3.15 |
| Martin ratioReturn relative to average drawdown | -1.37 | 5.26 | -6.63 |
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Drawdowns
NVD vs. NVDA - Drawdown Comparison
The maximum NVD drawdown since its inception was -99.26%, which is greater than NVDA's maximum drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for NVD and NVDA.
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Drawdown Indicators
| NVD | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.26% | -89.72% | -9.54% |
Max Drawdown (1Y)Largest decline over 1 year | -71.11% | -20.21% | -50.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.34% | — |
Current DrawdownCurrent decline from peak | -99.11% | -10.52% | -88.59% |
Average DrawdownAverage peak-to-trough decline | -81.81% | -36.16% | -45.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.95% | 8.58% | +38.37% |
Volatility
NVD vs. NVDA - Volatility Comparison
GraniteShares 2x Short NVDA Daily ETF (NVD) has a higher volatility of 25.86% compared to NVIDIA Corporation (NVDA) at 12.86%. This indicates that NVD's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVD | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.86% | 12.86% | +13.00% |
Volatility (6M)Calculated over the trailing 6-month period | 54.54% | 26.90% | +27.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.75% | 35.25% | +35.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.56% | 51.79% | +40.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.56% | 49.87% | +42.69% |
Dividends
NVD vs. NVDA - Dividend Comparison
NVD's dividend yield for the trailing twelve months is around 17.80%, more than NVDA's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVD GraniteShares 2x Short NVDA Daily ETF | 17.80% | 11.83% | 8.68% | 15.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.13% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
Frequently Asked Questions
NVD and NVDA have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVD has higher volatility (25.86%) compared to NVDA (12.86%). In terms of maximum drawdown, NVD dropped -99.26% vs NVDA's -89.72%.
NVDA currently has the higher Sharpe Ratio (1.28 vs -0.91), 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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