NVDL vs. DOGG
NVDL (GraniteShares 2x Long NVDA Daily ETF) and DOGG (FT Vest DJIA Dogs 10 Target Income ETF) are both exchange-traded funds - NVDL is a Leveraged Equities fund actively managed by GraniteShares, while DOGG is a Derivative Income fund actively managed by FT Vest. Both are actively managed. Over the past 3 years, NVDL returned 97.81%/yr vs 12.53%/yr for DOGG. Their -0.04 correlation means they have often moved in opposite directions in the past. NVDL charges 1.05%/yr vs 0.75%/yr for DOGG.
Performance
NVDL vs. DOGG - Performance Comparison
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Returns By Period
In the year-to-date period, NVDL achieves a 19.13% return, which is significantly higher than DOGG's 11.92% return.
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%
DOGG
- 1D
- 0.60%
- 1M
- 3.10%
- 6M
- 2.09%
- YTD
- 11.92%
- 1Y
- 22.61%
- 3Y*
- 12.53%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $946.83K | $808.54K | $736.30K | |
| $380.97M | $415.87M | $666.11M |
NVDL vs. DOGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 19.13% | 32.57% | 344.58% | 123.78% |
DOGG FT Vest DJIA Dogs 10 Target Income ETF | 11.92% | 19.43% | -2.58% | 12.74% |
Correlation
The correlation between NVDL and DOGG is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | -0.04 |
The correlation between NVDL and DOGG shifts across timeframes, from -0.20 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NVDL vs. DOGG — Risk / Return Rank
NVDL
DOGG
NVDL vs. DOGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and FT Vest DJIA Dogs 10 Target Income ETF (DOGG). 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 | DOGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.35 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 2.74 | -2.29 |
| Martin ratioReturn relative to average drawdown | 0.88 | 5.78 | -4.91 |
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Drawdowns
NVDL vs. DOGG - Drawdown Comparison
The maximum NVDL drawdown since its inception was -67.55%, which is greater than DOGG's maximum drawdown of -11.19%. Use the drawdown chart below to compare losses from any high point for NVDL and DOGG.
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Drawdown Indicators
| NVDL | DOGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -11.19% | -56.36% |
Max Drawdown (1Y)Largest decline over 1 year | -42.23% | -8.29% | -33.94% |
Max Drawdown (3Y)Largest decline over 3 years | -67.55% | -11.19% | -56.36% |
Current DrawdownCurrent decline from peak | -18.75% | -1.62% | -17.13% |
Average DrawdownAverage peak-to-trough decline | -17.47% | -3.26% | -14.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.78% | 3.92% | +17.86% |
Volatility
NVDL vs. DOGG - Volatility Comparison
GraniteShares 2x Long NVDA Daily ETF (NVDL) has a higher volatility of 25.53% compared to FT Vest DJIA Dogs 10 Target Income ETF (DOGG) at 4.29%. This indicates that NVDL's price experiences larger fluctuations and is considered to be riskier than DOGG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDL | DOGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.53% | 4.29% | +21.24% |
Volatility (6M)Calculated over the trailing 6-month period | 56.52% | 9.23% | +47.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.65% | 11.35% | +61.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.01% | 13.05% | +76.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.01% | 13.05% | +76.96% |
NVDL vs. DOGG - Expense Ratio Comparison
NVDL has a 1.05% expense ratio, which is higher than DOGG's 0.75% expense ratio.
Dividends
NVDL vs. DOGG - Dividend Comparison
NVDL has not paid dividends to shareholders, while DOGG's dividend yield for the trailing twelve months is around 8.56%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DOGG FT Vest DJIA Dogs 10 Target Income ETF | 8.56% | 8.75% | 9.92% | 5.89% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% |
Frequently Asked Questions
NVDL and DOGG have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDL has higher volatility (25.53%) compared to DOGG (4.29%). In terms of maximum drawdown, NVDL dropped -67.55% vs DOGG's -11.19%.
On 3-year performance, NVDL leads with 97.81% vs 12.53% for DOGG. On fees, DOGG is cheaper at 0.75% per year. On volatility, DOGG has been the lower-risk option at 4.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, NVDL has performed better with a 97.81% return vs 12.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DOGG is cheaper with a 0.75% expense ratio, compared with 1.05% for NVDL.
DOGG has the higher dividend yield at 8.56%, compared with 0.00% for NVDL.
NVDL is categorized as Leveraged Equities, while DOGG is Derivative Income. They also come from different issuers: GraniteShares and FT Vest. Their fees differ too: 1.05% for NVDL and 0.75% for DOGG.
DOGG currently has the higher Sharpe Ratio (2.00 vs 0.26), 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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