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NVD vs. NVDL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


NVDNVDL
YTD Return-93.91%439.60%
1Y Return-94.19%451.27%
Sharpe Ratio-0.934.67
Sortino Ratio-2.873.61
Omega Ratio0.671.47
Calmar Ratio-0.999.26
Martin Ratio-1.2624.37
Ulcer Index74.73%19.53%
Daily Std Dev101.94%101.96%
Max Drawdown-95.78%-51.40%
Current Drawdown-95.56%-5.48%

Correlation

-0.50.00.51.0-1.0

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.

Performance

NVD vs. NVDL - Performance Comparison

In the year-to-date period, NVD achieves a -93.91% return, which is significantly lower than NVDL's 439.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-50.00%0.00%50.00%100.00%JuneJulyAugustSeptemberOctoberNovember
-74.34%
100.05%
NVD
NVDL

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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.


NVD
GraniteShares 2x Short NVDA Daily ETF
Expense ratio chart for NVD: current value at 1.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.50%
Expense ratio chart for NVDL: current value at 1.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.15%

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.


NVD
Sharpe ratio
The chart of Sharpe ratio for NVD, currently valued at -0.93, compared to the broader market-2.000.002.004.006.00-0.93
Sortino ratio
The chart of Sortino ratio for NVD, currently valued at -2.87, compared to the broader market0.005.0010.00-2.87
Omega ratio
The chart of Omega ratio for NVD, currently valued at 0.67, compared to the broader market1.001.502.002.503.000.67
Calmar ratio
The chart of Calmar ratio for NVD, currently valued at -0.99, compared to the broader market0.005.0010.0015.00-0.99
Martin ratio
The chart of Martin ratio for NVD, currently valued at -1.26, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-1.26
NVDL
Sharpe ratio
The chart of Sharpe ratio for NVDL, currently valued at 4.67, compared to the broader market-2.000.002.004.006.004.67
Sortino ratio
The chart of Sortino ratio for NVDL, currently valued at 3.61, compared to the broader market0.005.0010.003.61
Omega ratio
The chart of Omega ratio for NVDL, currently valued at 1.47, compared to the broader market1.001.502.002.503.001.47
Calmar ratio
The chart of Calmar ratio for NVDL, currently valued at 9.26, compared to the broader market0.005.0010.0015.009.26
Martin ratio
The chart of Martin ratio for NVDL, currently valued at 24.37, compared to the broader market0.0020.0040.0060.0080.00100.00120.0024.37

NVD vs. NVDL - Sharpe Ratio Comparison

The current NVD Sharpe Ratio is -0.93, which is lower than the NVDL Sharpe Ratio of 4.67. The chart below compares the historical Sharpe Ratios of NVD and NVDL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.005.006.00Aug 25SeptemberSep 08Sep 15Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10
-0.93
4.67
NVD
NVDL

Dividends

NVD vs. NVDL - Dividend Comparison

NVD's dividend yield for the trailing twelve months is around 259.33%, more than NVDL's 2.09% yield.


TTM2023
NVD
GraniteShares 2x Short NVDA Daily ETF
259.33%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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-95.56%
-5.48%
NVD
NVDL

Volatility

NVD vs. NVDL - Volatility Comparison

GraniteShares 2x Short NVDA Daily ETF (NVD) and GraniteShares 2x Long NVDA Daily ETF (NVDL) have volatilities of 23.02% and 23.03%, 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.


20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
23.02%
23.03%
NVD
NVDL