NVDA vs. NVDX

Last updated Jun 10, 2026

NVDA (NVIDIA Corporation) is a stock, while NVDX (T-REX 2X Long NVIDIA Daily Target ETF) is Leveraged Equities fund actively managed by REX. Over the past year, NVDA returned 46.17% vs 60.92% for NVDX. With a 1.00 correlation, they move nearly in lockstep.

Performance

NVDA vs. NVDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NVIDIA Corporation (NVDA) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDA achieves a 11.77% return, which is significantly higher than NVDX's 9.58% return.

NVDA

• 1D: -0.22%
• 1M: -3.14%
• YTD: 11.77%
• 6M: 12.69%
• 1Y: 46.17%
• 3Y*: 75.23%
• 5Y*: 64.35%
• 10Y*: 68.44%

NVDX

• 1D: -0.42%
• 1M: -8.62%
• YTD: 9.58%
• 6M: 9.23%
• 1Y: 60.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDA vs. NVDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NVDA NVIDIA Corporation	11.77%	38.92%	171.25%	17.37%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	9.58%	26.24%	384.03%	28.06%

Correlation

The correlation between NVDA and NVDX is 1.00 - 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	1.00
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	1.00

The correlation between NVDA and NVDX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

NVDA vs. NVDX — Risk / Return Rank

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

NVDA

NVDA Risk / Return Rank: 77
NVDA Sharpe Ratio Rank: 80
NVDA Sortino Ratio Rank: 76
NVDA Omega Ratio Rank: 73
NVDA Calmar Ratio Rank: 79
NVDA Martin Ratio Rank: 79

NVDX

NVDX Risk / Return Rank: 29
NVDX Sharpe Ratio Rank: 27
NVDX Sortino Ratio Rank: 32
NVDX Omega Ratio Rank: 30
NVDX Calmar Ratio Rank: 32
NVDX Martin Ratio Rank: 26

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 vs. NVDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NVIDIA Corporation (NVDA) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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.

	NVDA	NVDX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	0.88	+0.45
Sortino ratio: Return per unit of downside risk	1.91	1.54	+0.37
Omega ratio: Gain probability vs. loss probability	1.23	1.18	+0.05
Calmar ratio: Return relative to maximum drawdown	2.29	1.40	+0.90
Martin ratio: Return relative to average drawdown	5.56	3.14	+2.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDA vs. NVDX - Sharpe Ratio Comparison

The current NVDA Sharpe Ratio is 1.34, which is higher than the NVDX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of NVDA and NVDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NVDA	NVDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	0.88	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	1.33	-0.71

Drawdowns

NVDA vs. NVDX - Drawdown Comparison

The maximum NVDA drawdown since its inception was -89.72%, which is greater than NVDX's maximum drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for NVDA and NVDX.

Drawdown Indicators

	NVDA	NVDX	Difference
Max Drawdown Largest peak-to-trough decline	-89.72%	-68.19%	-21.53%
Max Drawdown (1Y) Largest decline over 1 year	-20.21%	-43.76%	+23.55%
Max Drawdown (3Y) Largest decline over 3 years	-36.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-66.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-66.34%	—	—
Current Drawdown Current decline from peak	-11.58%	-23.68%	+12.10%
Average Drawdown Average peak-to-trough decline	-36.19%	-20.27%	-15.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.33%	19.47%	-11.14%

Volatility

NVDA vs. NVDX - Volatility Comparison

The current volatility for NVIDIA Corporation (NVDA) is 13.01%, while T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a volatility of 25.98%. This indicates that NVDA experiences smaller price fluctuations and is considered to be less risky than NVDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDA	NVDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.01%	25.98%	-12.97%
Volatility (6M) Calculated over the trailing 6-month period	26.36%	52.60%	-26.24%
Volatility (1Y) Calculated over the trailing 1-year period	34.74%	69.45%	-34.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.75%	95.62%	-43.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.85%	95.62%	-45.77%

Dividends

NVDA vs. NVDX - Dividend Comparison

NVDA's dividend yield for the trailing twelve months is around 0.14%, less than NVDX's 3.06% 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%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	3.06%	3.35%	15.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDA and NVDX in my portfolio?

With a correlation of 1.00, NVDA and NVDX 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.

Which is riskier, NVDA or NVDX?

NVDX has higher volatility (25.98%) compared to NVDA (13.01%). In terms of maximum drawdown, NVDA dropped -89.72% vs NVDX's -68.19%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (1.34 vs 0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.