NVD vs. NVDD
Compare and contrast key facts about GraniteShares 2x Short NVDA Daily ETF (NVD) and Direxion Daily NVDA Bear 1X Shares (NVDD).
NVD and NVDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023. NVDD is an actively managed fund by Direxion. It was launched on Sep 12, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVD or NVDD.
Correlation
The correlation between NVD and NVDD is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NVD vs. NVDD - Performance Comparison
Key characteristics
NVD:
-0.87
NVDD:
-1.26
NVD:
-2.38
NVDD:
-2.30
NVD:
0.73
NVDD:
0.74
NVD:
-0.96
NVDD:
-0.86
NVD:
-1.19
NVDD:
-1.29
NVD:
77.94%
NVDD:
51.77%
NVD:
105.81%
NVDD:
53.22%
NVD:
-95.98%
NVDD:
-77.98%
NVD:
-95.56%
NVDD:
-76.76%
Returns By Period
In the year-to-date period, NVD achieves a -11.98% return, which is significantly lower than NVDD's -5.56% return.
NVD
-11.98%
-11.32%
-46.40%
-91.81%
N/A
N/A
NVDD
-5.56%
-4.99%
-20.96%
-65.41%
N/A
N/A
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NVD vs. NVDD - Expense Ratio Comparison
NVD has a 1.50% expense ratio, which is higher than NVDD's 1.01% expense ratio.
Risk-Adjusted Performance
NVD vs. NVDD — Risk-Adjusted Performance Rank
NVD
NVDD
NVD vs. NVDD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short NVDA Daily ETF (NVD) and Direxion Daily NVDA Bear 1X Shares (NVDD). 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.
Dividends
NVD vs. NVDD - Dividend Comparison
NVD's dividend yield for the trailing twelve months is around 9.86%, more than NVDD's 5.22% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
NVD GraniteShares 2x Short NVDA Daily ETF | 9.86% | 8.68% | 15.78% |
NVDD Direxion Daily NVDA Bear 1X Shares | 5.22% | 4.93% | 1.32% |
Drawdowns
NVD vs. NVDD - Drawdown Comparison
The maximum NVD drawdown since its inception was -95.98%, which is greater than NVDD's maximum drawdown of -77.98%. Use the drawdown chart below to compare losses from any high point for NVD and NVDD. For additional features, visit the drawdowns tool.
Volatility
NVD vs. NVDD - Volatility Comparison
GraniteShares 2x Short NVDA Daily ETF (NVD) has a higher volatility of 25.63% compared to Direxion Daily NVDA Bear 1X Shares (NVDD) at 12.99%. This indicates that NVD's price experiences larger fluctuations and is considered to be riskier than NVDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.