NVDD vs. SMH
Compare and contrast key facts about Direxion Daily NVDA Bear 1X Shares (NVDD) and VanEck Vectors Semiconductor ETF (SMH).
NVDD and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDD or SMH.
Correlation
The correlation between NVDD and SMH is -0.83. 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. SMH - Performance Comparison
Key characteristics
NVDD:
-1.24
SMH:
1.20
NVDD:
-2.24
SMH:
1.72
NVDD:
0.74
SMH:
1.22
NVDD:
-0.85
SMH:
1.69
NVDD:
-1.21
SMH:
4.10
NVDD:
54.66%
SMH:
10.27%
NVDD:
53.21%
SMH:
35.05%
NVDD:
-77.98%
SMH:
-83.29%
NVDD:
-75.13%
SMH:
-12.35%
Returns By Period
In the year-to-date period, NVDD achieves a 1.08% return, which is significantly lower than SMH's 1.35% return.
NVDD
1.08%
1.07%
-13.20%
-66.10%
N/A
N/A
SMH
1.35%
-1.19%
-9.93%
42.54%
28.54%
26.27%
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NVDD vs. SMH - Expense Ratio Comparison
NVDD has a 1.01% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
NVDD vs. SMH — Risk-Adjusted Performance Rank
NVDD
SMH
NVDD vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bear 1X Shares (NVDD) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
NVDD's dividend yield for the trailing twelve months is around 4.88%, more than SMH's 0.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDD Direxion Daily NVDA Bear 1X Shares | 4.88% | 4.93% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.44% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% | 1.16% |
Drawdowns
NVDD vs. SMH - Drawdown Comparison
The maximum NVDD drawdown since its inception was -77.98%, smaller than the maximum SMH drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for NVDD and SMH. For additional features, visit the drawdowns tool.
Volatility
NVDD vs. SMH - Volatility Comparison
Direxion Daily NVDA Bear 1X Shares (NVDD) has a higher volatility of 12.28% compared to VanEck Vectors Semiconductor ETF (SMH) at 8.69%. This indicates that NVDD's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.