NVDD vs. NVDL
Compare and contrast key facts about Direxion Daily NVDA Bear 1X Shares (NVDD) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
NVDD and NVDL 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. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDD or NVDL.
Correlation
The correlation between NVDD and NVDL 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.
Performance
NVDD vs. NVDL - Performance Comparison
Key characteristics
NVDD:
-1.26
NVDL:
2.75
NVDD:
-2.32
NVDL:
2.90
NVDD:
0.74
NVDL:
1.36
NVDD:
-0.86
NVDL:
5.64
NVDD:
-1.25
NVDL:
14.14
NVDD:
53.83%
NVDL:
20.52%
NVDD:
53.19%
NVDL:
105.50%
NVDD:
-77.98%
NVDL:
-51.40%
NVDD:
-75.97%
NVDL:
-21.15%
Returns By Period
In the year-to-date period, NVDD achieves a -2.32% return, which is significantly lower than NVDL's 1.25% return.
NVDD
-2.32%
-3.79%
-21.43%
-66.21%
N/A
N/A
NVDL
1.25%
3.69%
8.18%
273.27%
N/A
N/A
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NVDD vs. NVDL - Expense Ratio Comparison
NVDD has a 1.01% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
NVDD vs. NVDL — Risk-Adjusted Performance Rank
NVDD
NVDL
NVDD vs. NVDL - 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 Long NVDA Daily ETF (NVDL). 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.
Dividends
NVDD vs. NVDL - Dividend Comparison
NVDD's dividend yield for the trailing twelve months is around 5.05%, while NVDL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
NVDD Direxion Daily NVDA Bear 1X Shares | 5.05% | 4.93% | 1.32% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 11.29% |
Drawdowns
NVDD vs. NVDL - Drawdown Comparison
The maximum NVDD drawdown since its inception was -77.98%, which is greater than NVDL's maximum drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for NVDD and NVDL. For additional features, visit the drawdowns tool.
Volatility
NVDD vs. NVDL - Volatility Comparison
The current volatility for Direxion Daily NVDA Bear 1X Shares (NVDD) is 12.74%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 25.15%. This indicates that NVDD experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.