NVDD vs. IUSG
NVDD (Direxion Daily NVDA Bear 1X Shares) and IUSG (iShares Core S&P U.S. Growth ETF) are both exchange-traded funds - NVDD is a Inverse Equities fund actively managed by Direxion, while IUSG is a Large Cap Growth Equities fund tracking the S&P 900 Growth Index. NVDD is actively managed, while IUSG is passively managed. Over the past year, NVDD returned -34.19% vs 31.51% for IUSG. At a correlation of -0.74, they often move in opposite directions. NVDD charges 1.01%/yr vs 0.04%/yr for IUSG.
Performance
NVDD vs. IUSG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NVDD achieves a -13.53% return, which is significantly lower than IUSG's 11.77% return.
NVDD
- 1D
- 1.07%
- 1M
- 2.11%
- YTD
- -13.53%
- 6M
- -14.80%
- 1Y
- -34.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUSG
- 1D
- -0.75%
- 1M
- 0.47%
- YTD
- 11.77%
- 6M
- 11.28%
- 1Y
- 31.51%
- 3Y*
- 25.98%
- 5Y*
- 14.44%
- 10Y*
- 18.05%
NVDD vs. IUSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDD Direxion Daily NVDA Bear 1X Shares | -13.53% | -38.72% | -69.77% | -8.97% |
IUSG iShares Core S&P U.S. Growth ETF | 11.77% | 21.23% | 34.70% | 6.27% |
Correlation
The correlation between NVDD and IUSG is -0.72, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | -0.74 |
The correlation between NVDD and IUSG has been stable across timeframes, ranging from -0.74 to -0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NVDD vs. IUSG — Risk / Return Rank
NVDD
IUSG
NVDD vs. IUSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bear 1X Shares (NVDD) and iShares Core S&P U.S. Growth ETF (IUSG). 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.
| NVDD | IUSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -3.93 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.33 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.42 | -3.26 |
| Martin ratioReturn relative to average drawdown | -1.42 | 9.93 | -11.35 |
Loading charts...
Drawdowns
NVDD vs. IUSG - Drawdown Comparison
The maximum NVDD drawdown since its inception was -88.34%, which is greater than IUSG's maximum drawdown of -63.41%. Use the drawdown chart below to compare losses from any high point for NVDD and IUSG.
Loading charts...
Drawdown Indicators
| NVDD | IUSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.34% | -63.41% | -24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -40.97% | -13.07% | -27.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.28% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.35% | — |
Current DrawdownCurrent decline from peak | -86.98% | -2.99% | -83.99% |
Average DrawdownAverage peak-to-trough decline | -67.28% | -21.40% | -45.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.25% | 3.18% | +21.07% |
Volatility
NVDD vs. IUSG - Volatility Comparison
Direxion Daily NVDA Bear 1X Shares (NVDD) has a higher volatility of 12.74% compared to iShares Core S&P U.S. Growth ETF (IUSG) at 6.76%. This indicates that NVDD's price experiences larger fluctuations and is considered to be riskier than IUSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NVDD | IUSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.74% | 6.76% | +5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 26.62% | 13.49% | +13.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.21% | 16.78% | +18.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.34% | 21.03% | +26.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.34% | 20.50% | +26.84% |
NVDD vs. IUSG - Expense Ratio Comparison
NVDD has a 1.01% expense ratio, which is higher than IUSG's 0.04% expense ratio.
Dividends
NVDD vs. IUSG - Dividend Comparison
NVDD's dividend yield for the trailing twelve months is around 4.14%, more than IUSG's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSG iShares Core S&P U.S. Growth ETF | 0.49% | 0.53% | 0.59% | 1.12% | 1.07% | 0.59% | 0.93% | 1.64% | 1.32% | 1.28% | 1.48% | 1.29% |
NVDD Direxion Daily NVDA Bear 1X Shares | 4.14% | 4.19% | 4.83% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVDD and IUSG have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDD has higher volatility (12.74%) compared to IUSG (6.76%). In terms of maximum drawdown, NVDD dropped -88.34% vs IUSG's -63.41%.
On 1-year performance, IUSG leads with 31.51% vs -34.19% for NVDD. On fees, IUSG is cheaper at 0.04% per year. On volatility, IUSG has been the lower-risk option at 6.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IUSG has performed better with a 31.51% return vs -34.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IUSG is cheaper with a 0.04% expense ratio, compared with 1.01% for NVDD.
NVDD has the higher dividend yield at 4.14%, compared with 0.49% for IUSG.
NVDD is categorized as Inverse Equities, while IUSG is Large Cap Growth Equities. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.01% for NVDD and 0.04% for IUSG.
IUSG currently has the higher Sharpe Ratio (1.89 vs -0.98), 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.
Find the right allocation for NVDD and IUSG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer