NVDD vs. NVDA

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily NVDA Bear 1X Shares (NVDD) and NVIDIA Corporation (NVDA).

NVDD is an actively managed fund by Direxion. It was launched on Sep 12, 2023.

Performance

NVDD vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NVDA Bear 1X Shares (NVDD) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

NVDD vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NVDD Direxion Daily NVDA Bear 1X Shares	5.60%	-38.72%	-69.77%	-8.79%
NVDA NVIDIA Corporation	-6.48%	38.92%	171.25%	8.89%

Returns By Period

In the year-to-date period, NVDD achieves a 5.60% return, which is significantly higher than NVDA's -6.48% return.

NVDD

• 1D: -5.45%
• 1M: 1.12%
• YTD: 5.60%
• 6M: 4.32%
• 1Y: -43.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDA

• 1D: 5.59%
• 1M: -1.57%
• YTD: -6.48%
• 6M: -6.52%
• 1Y: 60.95%
• 3Y*: 84.54%
• 5Y*: 66.14%
• 10Y*: 69.61%

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

Return for Risk

NVDD vs. NVDA — Risk / Return Rank

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

NVDD

NVDD Risk / Return Rank: 2
NVDD Sharpe Ratio Rank: 0
NVDD Sortino Ratio Rank: 1
NVDD Omega Ratio Rank: 1
NVDD Calmar Ratio Rank: 1
NVDD Martin Ratio Rank: 5

NVDA

NVDA Risk / Return Rank: 83
NVDA Sharpe Ratio Rank: 85
NVDA Sortino Ratio Rank: 82
NVDA Omega Ratio Rank: 80
NVDA Calmar Ratio Rank: 86
NVDA Martin Ratio Rank: 85

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.

NVDD vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bear 1X Shares (NVDD) 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.

	NVDD	NVDA	Difference
Sharpe ratio Return per unit of total volatility	-1.05	1.48	-2.53
Sortino ratio Return per unit of downside risk	-1.49	2.17	-3.66
Omega ratio Gain probability vs. loss probability	0.81	1.27	-0.46
Calmar ratio Return relative to maximum drawdown	-0.75	2.92	-3.67
Martin ratio Return relative to average drawdown	-0.91	7.39	-8.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDD vs. NVDA - Sharpe Ratio Comparison

The current NVDD Sharpe Ratio is -1.05, which is lower than the NVDA Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of NVDD and NVDA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NVDD	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.05	1.48	-2.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.29	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.03	0.61	-1.64

Correlation

The correlation between NVDD and NVDA is -1.00. 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.

Dividends

NVDD vs. NVDA - Dividend Comparison

NVDD's dividend yield for the trailing twelve months is around 3.39%, more than NVDA's 0.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDD Direxion Daily NVDA Bear 1X Shares	3.39%	4.19%	4.83%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Drawdowns

NVDD vs. NVDA - Drawdown Comparison

The maximum NVDD drawdown since its inception was -86.33%, roughly equal to the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for NVDD and NVDA.

Drawdown Indicators

	NVDD	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-86.33%	-89.72%	+3.39%
Max Drawdown (1Y) Largest decline over 1 year	-57.03%	-20.21%	-36.82%
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	-84.09%	-15.76%	-68.33%
Average Drawdown Average peak-to-trough decline	-65.69%	-36.40%	-29.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.49%	7.99%	+38.50%

Volatility

NVDD vs. NVDA - Volatility Comparison

Direxion Daily NVDA Bear 1X Shares (NVDD) and NVIDIA Corporation (NVDA) have volatilities of 10.52% and 10.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDD	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.52%	10.46%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	25.96%	25.91%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	41.21%	41.44%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.05%	51.74%	-3.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.05%	49.85%	-1.80%