NVDL vs. AMD
NVDL (GraniteShares 2x Long NVDA Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while AMD (Advanced Micro Devices, Inc.) is a stock. Over the past 3 years, NVDL returned 94.50%/yr vs 62.21%/yr for AMD. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
NVDL vs. AMD - Performance Comparison
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Returns By Period
In the year-to-date period, NVDL achieves a 7.67% return, which is significantly lower than AMD's 139.30% return.
NVDL
- 1D
- -2.69%
- 1M
- -17.12%
- YTD
- 7.67%
- 6M
- 27.04%
- 1Y
- 60.53%
- 3Y*
- 94.50%
- 5Y*
- —
- 10Y*
- —
AMD
- 1D
- 1.02%
- 1M
- 21.73%
- YTD
- 139.30%
- 6M
- 158.68%
- 1Y
- 303.21%
- 3Y*
- 62.21%
- 5Y*
- 43.35%
- 10Y*
- 58.08%
NVDL vs. AMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 7.67% | 32.57% | 344.58% | 432.18% | -28.71% |
AMD Advanced Micro Devices, Inc. | 139.30% | 77.30% | -18.06% | 127.59% | -8.35% |
Correlation
The correlation between NVDL and AMD is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.57 |
The correlation between NVDL and AMD has been stable across timeframes, ranging from 0.47 to 0.57 - a consistent structural relationship.
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Return for Risk
NVDL vs. AMD — Risk / Return Rank
NVDL
AMD
NVDL vs. AMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and Advanced Micro Devices, Inc. (AMD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVDL | AMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.57 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 11.00 | -9.56 |
| Martin ratioReturn relative to average drawdown | 3.19 | 22.59 | -19.39 |
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Drawdowns
NVDL vs. AMD - Drawdown Comparison
The maximum NVDL drawdown since its inception was -67.55%, smaller than the maximum AMD drawdown of -96.59%. Use the drawdown chart below to compare losses from any high point for NVDL and AMD.
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Drawdown Indicators
| NVDL | AMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -96.59% | +29.04% |
Max Drawdown (1Y)Largest decline over 1 year | -42.23% | -27.76% | -14.47% |
Max Drawdown (3Y)Largest decline over 3 years | -67.55% | -63.00% | -4.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -65.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.45% | — |
Current DrawdownCurrent decline from peak | -26.57% | -6.36% | -20.21% |
Average DrawdownAverage peak-to-trough decline | -17.04% | -56.63% | +39.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.02% | 13.50% | +5.52% |
Volatility
NVDL vs. AMD - Volatility Comparison
GraniteShares 2x Long NVDA Daily ETF (NVDL) and Advanced Micro Devices, Inc. (AMD) have volatilities of 24.75% and 24.03%, 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.
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Volatility by Period
| NVDL | AMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.75% | 24.03% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 53.31% | 50.80% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.02% | 66.91% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.41% | 55.87% | +34.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.41% | 56.95% | +33.46% |
Dividends
NVDL vs. AMD - Dividend Comparison
Neither NVDL nor AMD has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AMD Advanced Micro Devices, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% |
Frequently Asked Questions
NVDL and AMD have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDL has higher volatility (24.75%) compared to AMD (24.03%). In terms of maximum drawdown, NVDL dropped -67.55% vs AMD's -96.59%.
AMD currently has the higher Sharpe Ratio (4.57 vs 0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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