NVD vs. TYD
Compare and contrast key facts about GraniteShares 2x Short NVDA Daily ETF (NVD) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD).
NVD and TYD 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. TYD is a passively managed fund by Direxion that tracks the performance of the NYSE 7-10 Year Treasury Bond Index. It was launched on Apr 16, 2009.
Performance
NVD vs. TYD - Performance Comparison
Loading graphics...
NVD vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVD GraniteShares 2x Short NVDA Daily ETF | 5.59% | -73.27% | -93.09% | -15.28% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -3.07% | 11.68% | -13.89% | 10.09% |
Returns By Period
In the year-to-date period, NVD achieves a 5.59% return, which is significantly higher than TYD's -3.07% return.
NVD
- 1D
- -11.38%
- 1M
- 0.27%
- YTD
- 5.59%
- 6M
- -2.50%
- 1Y
- -75.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TYD
- 1D
- 0.45%
- 1M
- -7.75%
- YTD
- -3.07%
- 6M
- -3.16%
- 1Y
- -0.42%
- 3Y*
- -5.91%
- 5Y*
- -11.66%
- 10Y*
- -4.44%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NVD vs. TYD - Expense Ratio Comparison
NVD has a 1.50% expense ratio, which is higher than TYD's 1.09% expense ratio.
Return for Risk
NVD vs. TYD — Risk / Return Rank
NVD
TYD
NVD vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short NVDA Daily ETF (NVD) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). 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 | TYD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.92 | -0.03 | -0.89 |
Sortino ratioReturn per unit of downside risk | -1.62 | 0.08 | -1.70 |
Omega ratioGain probability vs. loss probability | 0.80 | 1.01 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.89 | 0.04 | -0.93 |
Martin ratioReturn relative to average drawdown | -1.02 | 0.09 | -1.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| NVD | TYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.92 | -0.03 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.51 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.85 | 0.06 | -0.91 |
Correlation
The correlation between NVD and TYD is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
NVD vs. TYD - Dividend Comparison
NVD's dividend yield for the trailing twelve months is around 11.20%, more than TYD's 3.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVD GraniteShares 2x Short NVDA Daily ETF | 11.20% | 11.83% | 8.68% | 15.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.12% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Drawdowns
NVD vs. TYD - Drawdown Comparison
The maximum NVD drawdown since its inception was -98.85%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for NVD and TYD.
Loading graphics...
Drawdown Indicators
| NVD | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.85% | -64.28% | -34.57% |
Max Drawdown (1Y)Largest decline over 1 year | -84.54% | -10.99% | -73.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.28% | — |
Current DrawdownCurrent decline from peak | -98.58% | -57.87% | -40.71% |
Average DrawdownAverage peak-to-trough decline | -80.48% | -21.57% | -58.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 73.89% | 5.18% | +68.71% |
Volatility
NVD vs. TYD - Volatility Comparison
GraniteShares 2x Short NVDA Daily ETF (NVD) has a higher volatility of 21.28% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 5.53%. This indicates that NVD's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| NVD | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.28% | 5.53% | +15.75% |
Volatility (6M)Calculated over the trailing 6-month period | 52.32% | 9.59% | +42.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.56% | 16.22% | +66.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.63% | 22.96% | +70.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.63% | 20.47% | +73.16% |