NVDD vs. NVDS
Compare and contrast key facts about Direxion Daily NVDA Bear 1X Shares (NVDD) and Tradr 1.25X NVDA Bear Daily ETF (NVDS).
NVDD and NVDS 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. NVDS is a passively managed fund by AXS Investments that tracks the performance of the NVIDIA Corporation (-125%). It was launched on Jul 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDD or NVDS.
Key characteristics
| NVDD | NVDS | |
|---|---|---|
| YTD Return | -65.04% | -74.66% |
| 1Y Return | -70.34% | -79.48% |
| Sharpe Ratio | -1.34 | -1.13 |
| Daily Std Dev | 52.03% | 69.48% |
| Max Drawdown | -73.58% | -99.50% |
| Current Drawdown | -71.57% | -99.44% |
Correlation
The correlation between NVDD and NVDS is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NVDD vs. NVDS - Performance Comparison
In the year-to-date period, NVDD achieves a -65.04% return, which is significantly higher than NVDS's -74.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NVDD vs. NVDS - Expense Ratio Comparison
NVDD has a 1.01% expense ratio, which is lower than NVDS's 1.15% expense ratio.
Risk-Adjusted Performance
NVDD vs. NVDS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bear 1X Shares (NVDD) and Tradr 1.25X NVDA Bear Daily ETF (NVDS). 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. NVDS - Dividend Comparison
NVDD's dividend yield for the trailing twelve months is around 6.01%, less than NVDS's 57.98% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
NVDD Direxion Daily NVDA Bear 1X Shares | 6.01% | 1.31% | 0.00% |
NVDS Tradr 1.25X NVDA Bear Daily ETF | 57.98% | 14.69% | 5.72% |
Drawdowns
NVDD vs. NVDS - Drawdown Comparison
The maximum NVDD drawdown since its inception was -73.58%, smaller than the maximum NVDS drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for NVDD and NVDS. For additional features, visit the drawdowns tool.
Volatility
NVDD vs. NVDS - Volatility Comparison
The current volatility for Direxion Daily NVDA Bear 1X Shares (NVDD) is 17.86%, while Tradr 1.25X NVDA Bear Daily ETF (NVDS) has a volatility of 26.75%. This indicates that NVDD experiences smaller price fluctuations and is considered to be less risky than NVDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.