NVDL vs. BRKL

Last updated Aug 6, 2026

NVDL (GraniteShares 2x Long NVDA Daily ETF) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.29 correlation means they have often moved in opposite directions in the past. NVDL charges 1.05%/yr vs 0.45%/yr for BRKL.

Performance

NVDL vs. BRKL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long NVDA Daily ETF (NVDL) and Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NVDL

• 1D: 6.85%
• 1M: 22.50%
• 6M: 38.93%
• YTD: 19.13%
• 1Y: 19.05%
• 3Y*: 97.81%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 146.14%

BRKL

• 1D: 0.57%
• 1M: 4.11%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKL Corgi BRKB 2x Daily ETF	$8.20K	$16.10K	$16.10K
NVDL GraniteShares 2x Long NVDA Daily ETF	$380.97M	$415.87M	$666.11M

NVDL vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
NVDL GraniteShares 2x Long NVDA Daily ETF	22.50%
BRKL Corgi BRKB 2x Daily ETF	4.11%

Correlation

The correlation between NVDL and BRKL is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	-0.29

Return for Risk

NVDL vs. BRKL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NVDL

NVDL Risk / Return Rank: 18
NVDL Sharpe Ratio Rank: 15
NVDL Sortino Ratio Rank: 22
NVDL Omega Ratio Rank: 21
NVDL Calmar Ratio Rank: 17
NVDL Martin Ratio Rank: 16

BRKL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NVDL vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and Corgi BRKB 2x Daily ETF (BRKL). 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	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	0.26	—	—
Sortino ratio: Return per unit of downside risk	0.88	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.45	—	—
Martin ratio: Return relative to average drawdown	0.88	—	—

Drawdowns

NVDL vs. BRKL - Drawdown Comparison

The maximum NVDL drawdown since its inception was -67.55%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for NVDL and BRKL.

Drawdown Indicators

	NVDL	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-67.55%	-7.03%	-60.52%
Max Drawdown (1Y) Largest decline over 1 year	-42.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-67.55%	—	—
Current Drawdown Current decline from peak	-18.75%	0.00%	-18.75%
Average Drawdown Average peak-to-trough decline	-17.47%	-3.57%	-13.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.78%	—	—

Volatility

Volatility by Period

	NVDL	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	56.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	72.65%	29.20%	+43.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.01%	29.20%	+60.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.01%	29.20%	+60.81%

NVDL vs. BRKL - Expense Ratio Comparison

NVDL has a 1.05% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

NVDL vs. BRKL - Dividend Comparison

Neither NVDL nor BRKL has paid dividends to shareholders.

Position	TTM	2025	2024	2023
BRKL Corgi BRKB 2x Daily ETF	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

Can I hold both NVDL and BRKL in my portfolio?

NVDL and BRKL have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDL or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDL or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 1.05% for NVDL.

Which ETF pays a higher dividend yield, NVDL or BRKL?

NVDL and BRKL have nearly identical dividend yields, around 0.00%.

What is the main difference between NVDL and BRKL?

They also come from different issuers: GraniteShares and Corgi. Their fees differ too: 1.05% for NVDL and 0.45% for BRKL.