NVD vs. USD
Compare and contrast key facts about GraniteShares 2x Short NVDA Daily ETF (NVD) and ProShares Ultra Semiconductors (USD).
NVD and USD 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. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVD or USD.
Key characteristics
| NVD | USD | |
|---|---|---|
| YTD Return | -94.10% | 171.26% |
| 1Y Return | -94.60% | 259.53% |
| Sharpe Ratio | -0.93 | 3.27 |
| Sortino Ratio | -2.92 | 3.05 |
| Omega Ratio | 0.67 | 1.41 |
| Calmar Ratio | -0.99 | 5.44 |
| Martin Ratio | -1.27 | 14.47 |
| Ulcer Index | 74.50% | 17.96% |
| Daily Std Dev | 101.70% | 79.44% |
| Max Drawdown | -95.78% | -87.92% |
| Current Drawdown | -95.70% | -10.31% |
Correlation
The correlation between NVD and USD is -0.94. 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. USD - Performance Comparison
In the year-to-date period, NVD achieves a -94.10% return, which is significantly lower than USD's 171.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NVD vs. USD - Expense Ratio Comparison
NVD has a 1.50% expense ratio, which is higher than USD's 0.95% expense ratio.
Risk-Adjusted Performance
NVD vs. USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short NVDA Daily ETF (NVD) and ProShares Ultra Semiconductors (USD). 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. USD - Dividend Comparison
NVD's dividend yield for the trailing twelve months is around 267.55%, more than USD's 0.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVD GraniteShares 2x Short NVDA Daily ETF | 267.55% | 15.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.02% | 0.05% | 0.30% | 0.00% | 0.28% | 1.29% | 1.25% | 0.55% | 7.11% | 0.39% | 2.71% | 0.94% |
Drawdowns
NVD vs. USD - Drawdown Comparison
The maximum NVD drawdown since its inception was -95.78%, which is greater than USD's maximum drawdown of -87.92%. Use the drawdown chart below to compare losses from any high point for NVD and USD. For additional features, visit the drawdowns tool.
Volatility
NVD vs. USD - Volatility Comparison
GraniteShares 2x Short NVDA Daily ETF (NVD) has a higher volatility of 22.67% compared to ProShares Ultra Semiconductors (USD) at 20.32%. This indicates that NVD's price experiences larger fluctuations and is considered to be riskier than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.