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

Key characteristics


NVDVOO
YTD Return-93.91%27.26%
1Y Return-94.19%37.86%
Sharpe Ratio-0.933.25
Sortino Ratio-2.874.31
Omega Ratio0.671.61
Calmar Ratio-0.994.74
Martin Ratio-1.2621.63
Ulcer Index74.73%1.85%
Daily Std Dev101.94%12.25%
Max Drawdown-95.78%-33.99%
Current Drawdown-95.56%0.00%

Correlation

-0.50.00.51.0-0.6

The correlation between NVD and VOO is -0.60. 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. VOO - Performance Comparison

In the year-to-date period, NVD achieves a -93.91% return, which is significantly lower than VOO's 27.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-80.00%-60.00%-40.00%-20.00%0.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-74.84%
15.73%
NVD
VOO

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NVD vs. VOO - Expense Ratio Comparison

NVD has a 1.50% expense ratio, which is higher than VOO's 0.03% 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 VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

NVD vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short NVDA Daily ETF (NVD) and Vanguard S&P 500 ETF (VOO). 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
VOO
Sharpe ratio
The chart of Sharpe ratio for VOO, currently valued at 3.25, compared to the broader market-2.000.002.004.006.003.25
Sortino ratio
The chart of Sortino ratio for VOO, currently valued at 4.31, compared to the broader market0.005.0010.004.31
Omega ratio
The chart of Omega ratio for VOO, currently valued at 1.61, compared to the broader market1.001.502.002.503.001.61
Calmar ratio
The chart of Calmar ratio for VOO, currently valued at 4.74, compared to the broader market0.005.0010.0015.004.74
Martin ratio
The chart of Martin ratio for VOO, currently valued at 21.63, compared to the broader market0.0020.0040.0060.0080.00100.00120.0021.63

NVD vs. VOO - Sharpe Ratio Comparison

The current NVD Sharpe Ratio is -0.93, which is lower than the VOO Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of NVD and VOO, 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-1.000.001.002.003.004.00Aug 25SeptemberSep 08Sep 15Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10
-0.93
3.25
NVD
VOO

Dividends

NVD vs. VOO - Dividend Comparison

NVD's dividend yield for the trailing twelve months is around 259.33%, more than VOO's 1.23% yield.


TTM20232022202120202019201820172016201520142013
NVD
GraniteShares 2x Short NVDA Daily ETF
259.33%15.78%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF
1.23%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

Drawdowns

NVD vs. VOO - Drawdown Comparison

The maximum NVD drawdown since its inception was -95.78%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for NVD and VOO. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-95.56%
0
NVD
VOO

Volatility

NVD vs. VOO - Volatility Comparison

GraniteShares 2x Short NVDA Daily ETF (NVD) has a higher volatility of 23.02% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. This indicates that NVD's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
23.02%
3.92%
NVD
VOO