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

Key characteristics


NVDXLK
YTD Return-94.10%23.85%
1Y Return-94.60%36.57%
Sharpe Ratio-0.931.65
Sortino Ratio-2.922.19
Omega Ratio0.671.30
Calmar Ratio-0.992.12
Martin Ratio-1.277.32
Ulcer Index74.50%4.91%
Daily Std Dev101.70%21.79%
Max Drawdown-95.78%-82.05%
Current Drawdown-95.70%-0.11%

Correlation

-0.50.00.51.0-0.8

The correlation between NVD and XLK is -0.75. 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. XLK - Performance Comparison

In the year-to-date period, NVD achieves a -94.10% return, which is significantly lower than XLK's 23.85% 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
-75.94%
15.80%
NVD
XLK

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NVD vs. XLK - Expense Ratio Comparison

NVD has a 1.50% expense ratio, which is higher than XLK's 0.13% 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 XLK: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%

Risk-Adjusted Performance

NVD vs. XLK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short NVDA Daily ETF (NVD) and Technology Select Sector SPDR Fund (XLK). 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 -2.92, compared to the broader market0.005.0010.00-2.92
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 -1.27, compared to the broader market0.0020.0040.0060.0080.00100.00-1.27
XLK
Sharpe ratio
The chart of Sharpe ratio for XLK, currently valued at 1.65, compared to the broader market-2.000.002.004.006.001.65
Sortino ratio
The chart of Sortino ratio for XLK, currently valued at 2.19, compared to the broader market0.005.0010.002.19
Omega ratio
The chart of Omega ratio for XLK, currently valued at 1.30, compared to the broader market1.001.502.002.503.001.30
Calmar ratio
The chart of Calmar ratio for XLK, currently valued at 2.12, compared to the broader market0.005.0010.0015.002.12
Martin ratio
The chart of Martin ratio for XLK, currently valued at 7.32, compared to the broader market0.0020.0040.0060.0080.00100.007.32

NVD vs. XLK - Sharpe Ratio Comparison

The current NVD Sharpe Ratio is -0.93, which is lower than the XLK Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of NVD and XLK, 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-1.00-0.500.000.501.001.502.002.50Aug 25SeptemberSep 08Sep 15Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03
-0.93
1.65
NVD
XLK

Dividends

NVD vs. XLK - Dividend Comparison

NVD's dividend yield for the trailing twelve months is around 267.55%, more than XLK's 0.66% yield.


TTM20232022202120202019201820172016201520142013
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%
XLK
Technology Select Sector SPDR Fund
0.66%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%1.75%1.70%

Drawdowns

NVD vs. XLK - Drawdown Comparison

The maximum NVD drawdown since its inception was -95.78%, which is greater than XLK's maximum drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for NVD and XLK. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-95.70%
-0.11%
NVD
XLK

Volatility

NVD vs. XLK - Volatility Comparison

GraniteShares 2x Short NVDA Daily ETF (NVD) has a higher volatility of 22.67% compared to Technology Select Sector SPDR Fund (XLK) at 6.29%. This indicates that NVD's price experiences larger fluctuations and is considered to be riskier than XLK 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
22.67%
6.29%
NVD
XLK