NVDD vs. NVD
Compare and contrast key facts about Direxion Daily NVDA Bear 1X Shares (NVDD) and GraniteShares 2x Short NVDA Daily ETF (NVD).
NVDD and NVD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDD is an actively managed fund by Direxion. It was launched on Sep 12, 2023. NVD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDD or NVD.
Correlation
The correlation between NVDD and NVD is -0.50. 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
NVDD vs. NVD - Performance Comparison
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Key characteristics
NVDD:
59.59%
NVD:
54.50%
NVDD:
-77.98%
NVD:
-6.73%
NVDD:
-76.78%
NVD:
-5.51%
Returns By Period
NVDD
-5.62%
-10.88%
3.37%
-44.27%
N/A
N/A
NVD
N/A
N/A
N/A
N/A
N/A
N/A
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NVDD vs. NVD - Expense Ratio Comparison
NVDD has a 1.01% expense ratio, which is lower than NVD's 1.50% expense ratio.
Risk-Adjusted Performance
NVDD vs. NVD — Risk-Adjusted Performance Rank
NVDD
NVD
NVDD vs. NVD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bear 1X Shares (NVDD) and GraniteShares 2x Short NVDA Daily ETF (NVD). 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.
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Dividends
NVDD vs. NVD - Dividend Comparison
NVDD has not paid dividends to shareholders, while NVD's dividend yield for the trailing twelve months is around 10.79%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
NVDD Direxion Daily NVDA Bear 1X Shares | 0.00% | 0.00% | 0.00% |
NVD GraniteShares 2x Short NVDA Daily ETF | 10.79% | 0.00% | 0.00% |
Drawdowns
NVDD vs. NVD - Drawdown Comparison
The maximum NVDD drawdown since its inception was -77.98%, which is greater than NVD's maximum drawdown of -6.73%. Use the drawdown chart below to compare losses from any high point for NVDD and NVD. For additional features, visit the drawdowns tool.
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Volatility
NVDD vs. NVD - Volatility Comparison
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