NVDA.TO vs. NVDA

Last updated Jul 21, 2026

NVDA.TO (Nvidia CDR (CAD Hedged)) and NVDA (NVIDIA Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past year, NVDA.TO returned 15.23% vs 20.50% for NVDA. Their correlation of 0.95 suggests significant overlap in exposure.

Performance

NVDA.TO vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Nvidia CDR (CAD Hedged) (NVDA.TO) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NVDA.TO is traded in CAD, while NVDA is traded in USD. To make them comparable, the NVDA values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, NVDA.TO achieves a 7.76% return, which is significantly lower than NVDA's 11.72% return.

NVDA.TO

• 1D: 0.55%
• 1M: -2.98%
• 6M: 10.21%
• YTD: 7.76%
• 1Y: 15.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 39.30%

NVDA

• 1D: 0.10%
• 1M: -4.07%
• 6M: 10.32%
• YTD: 11.72%
• 1Y: 20.50%
• 3Y*: 69.75%
• 5Y*: 63.33%
• 10Y*: 66.39%
• ALL TIME*: 37.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NVDA.TO vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025
NVDA.TO Nvidia CDR (CAD Hedged)	7.76%	50.11%
NVDA NVIDIA Corporation	11.72%	49.34%

Correlation

The correlation between NVDA.TO and NVDA is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Feb 5, 2025	0.95

The correlation between NVDA.TO and NVDA has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

NVDA.TO vs. NVDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDA.TO

NVDA.TO Risk / Return Rank: 59
NVDA.TO Sharpe Ratio Rank: 62
NVDA.TO Sortino Ratio Rank: 56
NVDA.TO Omega Ratio Rank: 53
NVDA.TO Calmar Ratio Rank: 62
NVDA.TO Martin Ratio Rank: 62

NVDA

NVDA Risk / Return Rank: 61
NVDA Sharpe Ratio Rank: 63
NVDA Sortino Ratio Rank: 58
NVDA Omega Ratio Rank: 56
NVDA Calmar Ratio Rank: 65
NVDA Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVDA.TO vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nvidia CDR (CAD Hedged) (NVDA.TO) and NVIDIA Corporation (NVDA). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NVDA.TO	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	0.44	0.58	-0.14
Sortino ratio: Return per unit of downside risk	0.86	1.04	-0.18
Omega ratio: Gain probability vs. loss probability	1.10	1.12	-0.02
Calmar ratio: Return relative to maximum drawdown	0.73	0.99	-0.26
Martin ratio: Return relative to average drawdown	1.53	2.09	-0.57

NVDA.TO vs. NVDA - Sharpe Ratio Comparison

The current NVDA.TO Sharpe Ratio is 0.44, which is comparable to the NVDA Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of NVDA.TO and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NVDA.TO vs. NVDA - Drawdown Comparison

The maximum NVDA.TO drawdown since its inception was -33.02%, smaller than the maximum NVDA drawdown of -80.18%. Use the drawdown chart below to compare losses from any high point for NVDA.TO and NVDA.

Drawdown Indicators

	NVDA.TO	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-33.02%	-80.18%	+47.16%
Max Drawdown (1Y) Largest decline over 1 year	-21.05%	-20.81%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-38.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-63.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.60%	—
Current Drawdown Current decline from peak	-14.01%	-11.69%	-2.32%
Average Drawdown Average peak-to-trough decline	-9.09%	-28.42%	+19.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.99%	9.81%	+0.18%

Volatility

NVDA.TO vs. NVDA - Volatility Comparison

The current volatility for Nvidia CDR (CAD Hedged) (NVDA.TO) is 10.47%, while NVIDIA Corporation (NVDA) has a volatility of 11.19%. This indicates that NVDA.TO experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDA.TO	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.47%	11.19%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	27.03%	27.63%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	34.68%	35.57%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.36%	52.20%	-10.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.36%	50.55%	-9.19%

Dividends

NVDA.TO vs. NVDA - Dividend Comparison

NVDA.TO's dividend yield for the trailing twelve months is around 0.14%, which matches NVDA's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
NVDA.TO Nvidia CDR (CAD Hedged)	0.14%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both NVDA.TO and NVDA in my portfolio?

With a correlation of 0.96, NVDA.TO and NVDA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.