NVD vs. NVDL
Compare and contrast key facts about GraniteShares 2x Short NVDA Daily ETF (NVD) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
NVD and NVDL 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. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVD or NVDL.
Performance
NVD vs. NVDL - Performance Comparison
Returns By Period
In the year-to-date period, NVD achieves a -94.02% return, which is significantly lower than NVDL's 439.60% return.
NVD
-94.02%
-5.07%
-72.68%
-93.98%
N/A
N/A
NVDL
439.60%
0.79%
86.31%
425.65%
N/A
N/A
Key characteristics
| NVD | NVDL | |
|---|---|---|
| Sharpe Ratio | -0.92 | 4.09 |
| Sortino Ratio | -2.74 | 3.43 |
| Omega Ratio | 0.69 | 1.44 |
| Calmar Ratio | -0.98 | 8.14 |
| Martin Ratio | -1.23 | 21.46 |
| Ulcer Index | 76.37% | 19.51% |
| Daily Std Dev | 102.48% | 102.48% |
| Max Drawdown | -95.78% | -51.40% |
| Current Drawdown | -95.64% | -5.48% |
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NVD vs. NVDL - Expense Ratio Comparison
NVD has a 1.50% expense ratio, which is higher than NVDL's 1.15% expense ratio.
Correlation
The correlation between NVD and NVDL is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
NVD vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short NVDA Daily ETF (NVD) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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. NVDL - Dividend Comparison
NVD's dividend yield for the trailing twelve months is around 263.79%, more than NVDL's 2.09% yield.
| TTM | 2023 | |
|---|---|---|
NVD GraniteShares 2x Short NVDA Daily ETF | 263.79% | 15.78% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.09% | 11.29% |
Drawdowns
NVD vs. NVDL - Drawdown Comparison
The maximum NVD drawdown since its inception was -95.78%, which is greater than NVDL's maximum drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for NVD and NVDL. For additional features, visit the drawdowns tool.
Volatility
NVD vs. NVDL - Volatility Comparison
GraniteShares 2x Short NVDA Daily ETF (NVD) and GraniteShares 2x Long NVDA Daily ETF (NVDL) have volatilities of 22.41% and 21.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.