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

Performance

NVD vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Short NVDA Daily ETF (NVD) and Technology Select Sector SPDR Fund (XLK). The values are adjusted to include any dividend payments, if applicable.

-80.00%-60.00%-40.00%-20.00%0.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-72.85%
8.15%
NVD
XLK

Returns By Period

In the year-to-date period, NVD achieves a -94.11% return, which is significantly lower than XLK's 20.81% return.


NVD

YTD

-94.11%

1M

-14.41%

6M

-72.85%

1Y

-94.00%

5Y (annualized)

N/A

10Y (annualized)

N/A

XLK

YTD

20.81%

1M

0.18%

6M

8.15%

1Y

25.67%

5Y (annualized)

22.91%

10Y (annualized)

20.28%

Key characteristics


NVDXLK
Sharpe Ratio-0.921.27
Sortino Ratio-2.801.74
Omega Ratio0.681.23
Calmar Ratio-0.981.62
Martin Ratio-1.245.59
Ulcer Index76.14%4.92%
Daily Std Dev102.48%21.73%
Max Drawdown-95.78%-82.05%
Current Drawdown-95.71%-2.57%

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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%

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.

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.


Sharpe ratio
The chart of Sharpe ratio for NVD, currently valued at -0.92, compared to the broader market0.002.004.006.00-0.921.27
The chart of Sortino ratio for NVD, currently valued at -2.80, compared to the broader market-2.000.002.004.006.008.0010.0012.00-2.801.74
The chart of Omega ratio for NVD, currently valued at 0.68, compared to the broader market0.501.001.502.002.503.000.681.23
The chart of Calmar ratio for NVD, currently valued at -0.98, compared to the broader market0.005.0010.0015.00-0.981.62
The chart of Martin ratio for NVD, currently valued at -1.24, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-1.245.59
NVD
XLK

The current NVD Sharpe Ratio is -0.92, which is lower than the XLK Sharpe Ratio of 1.27. 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 03Nov 10Nov 17
-0.92
1.27
NVD
XLK

Dividends

NVD vs. XLK - Dividend Comparison

NVD's dividend yield for the trailing twelve months is around 268.03%, more than XLK's 0.67% yield.


TTM20232022202120202019201820172016201520142013
NVD
GraniteShares 2x Short NVDA Daily ETF
268.03%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
0.67%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
-95.71%
-2.57%
NVD
XLK

Volatility

NVD vs. XLK - Volatility Comparison

GraniteShares 2x Short NVDA Daily ETF (NVD) has a higher volatility of 22.33% compared to Technology Select Sector SPDR Fund (XLK) at 6.36%. 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
22.33%
6.36%
NVD
XLK