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NVDL vs. FNGU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

NVDL vs. FNGU

Last updated May 14, 2025

Compare and contrast key facts about GraniteShares 2x Long NVDA Daily ETF (NVDL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).

NVDL and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDL or FNGU.

Correlation

The correlation between NVDL and FNGU is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

NVDL vs. FNGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long NVDA Daily ETF (NVDL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

NVDL:

0.20

FNGU:

0.34

Sortino Ratio

NVDL:

1.18

FNGU:

1.08

Omega Ratio

NVDL:

1.15

FNGU:

1.15

Calmar Ratio

NVDL:

0.43

FNGU:

0.49

Martin Ratio

NVDL:

0.87

FNGU:

1.16

Ulcer Index

NVDL:

33.19%

FNGU:

26.69%

Daily Std Dev

NVDL:

118.90%

FNGU:

93.57%

Max Drawdown

NVDL:

-67.55%

FNGU:

-92.34%

Current Drawdown

NVDL:

-42.58%

FNGU:

-37.65%

Returns By Period

The year-to-date returns for both investments are quite close, with NVDL having a -26.27% return and FNGU slightly higher at -25.75%.

NVDL

YTD

-26.27%

1M

33.23%

6M

-41.66%

1Y

24.08%

5Y*

N/A

10Y*

N/A

FNGU

YTD

-25.75%

1M

31.31%

6M

-17.58%

1Y

29.81%

5Y*

45.96%

10Y*

N/A

*Annualized

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NVDL vs. FNGU - Expense Ratio Comparison

NVDL has a 1.15% expense ratio, which is higher than FNGU's 0.95% expense ratio.

NVDL
GraniteShares 2x Long NVDA Daily ETF
FNGU
MicroSectors FANG+™ Index 3X Leveraged ETN

Risk-Adjusted Performance

NVDL vs. FNGU — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NVDL
The Risk-Adjusted Performance Rank of NVDL is 4646
Overall Rank
The Sharpe Ratio Rank of NVDL is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of NVDL is 6969
Sortino Ratio Rank
The Omega Ratio Rank of NVDL is 6363
Omega Ratio Rank
The Calmar Ratio Rank of NVDL is 4747
Calmar Ratio Rank
The Martin Ratio Rank of NVDL is 2929
Martin Ratio Rank
FNGU
The Risk-Adjusted Performance Rank of FNGU is 4949
Overall Rank
The Sharpe Ratio Rank of FNGU is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of FNGU is 6464
Sortino Ratio Rank
The Omega Ratio Rank of FNGU is 6161
Omega Ratio Rank
The Calmar Ratio Rank of FNGU is 5252
Calmar Ratio Rank
The Martin Ratio Rank of FNGU is 3535
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NVDL vs. FNGU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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.

The current NVDL Sharpe Ratio is 0.20, which is lower than the FNGU Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of NVDL and FNGU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

NVDL vs. FNGU - Dividend Comparison

Neither NVDL nor FNGU has paid dividends to shareholders.

TTM20242023
NVDL
GraniteShares 2x Long NVDA Daily ETF		0.00%0.00%11.29%
FNGU
MicroSectors FANG+™ Index 3X Leveraged ETN		0.00%0.00%0.00%

Drawdowns

NVDL vs. FNGU - Drawdown Comparison

The maximum NVDL drawdown since its inception was -67.55%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for NVDL and FNGU. For additional features, visit the drawdowns tool.

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Volatility

NVDL vs. FNGU - Volatility Comparison

GraniteShares 2x Long NVDA Daily ETF (NVDL) has a higher volatility of 29.41% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 24.61%. This indicates that NVDL's price experiences larger fluctuations and is considered to be riskier than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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