NVDL vs. INTW

Last updated Jun 26, 2026

NVDL (GraniteShares 2x Long NVDA Daily ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. Over the past year, NVDL returned 27.82% vs 1806.94% for INTW. At a 0.30 correlation, their price movements are largely independent. NVDL charges 1.05%/yr vs 1.50%/yr for INTW.

Performance

NVDL vs. INTW - Performance Comparison

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

Returns By Period

In the year-to-date period, NVDL achieves a -2.11% return, which is significantly lower than INTW's 760.00% return.

NVDL

• 1D: -3.04%
• 1M: -18.96%
• YTD: -2.11%
• 6M: -4.57%
• 1Y: 27.82%
• 3Y*: 93.53%
• 5Y*: —
• 10Y*: —

INTW

• 1D: 2.24%
• 1M: 6.98%
• YTD: 760.00%
• 6M: 794.84%
• 1Y: 1,806.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDL vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
NVDL GraniteShares 2x Long NVDA Daily ETF	-2.11%	52.00%
INTW GraniteShares 2x Long INTC Daily ETF	760.00%	60.89%

Correlation

The correlation between NVDL and INTW is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.30

NVDL vs. INTW - Sectors Allocation Comparison

Sectors	NVDL	INTW
Financial Services	100.0%	-
Technology	100.0%	66.7%
Basic Materials	0.0%	-
Communication Services	0.0%	-
Consumer Cyclical	0.0%	-
Consumer Defensive	0.0%	-
Energy	0.0%	-
Healthcare	0.0%	-
Industrials	0.0%	-
Real Estate	0.0%	-
Utilities	0.0%	-

Return for Risk

NVDL vs. INTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDL

NVDL Risk / Return Rank: 17
NVDL Sharpe Ratio Rank: 15
NVDL Sortino Ratio Rank: 20
NVDL Omega Ratio Rank: 19
NVDL Calmar Ratio Rank: 17
NVDL Martin Ratio Rank: 16

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 95
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVDL vs. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	0.40	12.22	-11.83
Sortino ratio: Return per unit of downside risk	1.02	5.03	-4.00
Omega ratio: Gain probability vs. loss probability	1.12	1.64	-0.52
Calmar ratio: Return relative to maximum drawdown	0.66	37.08	-36.42
Martin ratio: Return relative to average drawdown	1.44	84.02	-82.59

NVDL vs. INTW - Sharpe Ratio Comparison

The current NVDL Sharpe Ratio is 0.40, which is lower than the INTW Sharpe Ratio of 12.22. The chart below compares the historical Sharpe Ratios of NVDL and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NVDL vs. INTW - Drawdown Comparison

The maximum NVDL drawdown since its inception was -67.55%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for NVDL and INTW.

Drawdown Indicators

	NVDL	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-67.55%	-60.58%	-6.97%
Max Drawdown (1Y) Largest decline over 1 year	-42.23%	-49.34%	+7.11%
Max Drawdown (3Y) Largest decline over 3 years	-67.55%	—	—
Current Drawdown Current decline from peak	-33.24%	-11.49%	-21.75%
Average Drawdown Average peak-to-trough decline	-17.10%	-29.56%	+12.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.43%	21.73%	-2.30%

Volatility

NVDL vs. INTW - Volatility Comparison

The current volatility for GraniteShares 2x Long NVDA Daily ETF (NVDL) is 26.22%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 55.56%. This indicates that NVDL experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDL	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.22%	55.56%	-29.34%
Volatility (6M) Calculated over the trailing 6-month period	53.11%	119.04%	-65.93%
Volatility (1Y) Calculated over the trailing 1-year period	70.59%	149.73%	-79.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.34%	148.46%	-58.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.34%	148.46%	-58.12%

NVDL vs. INTW - Expense Ratio Comparison

NVDL has a 1.05% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

NVDL vs. INTW - Dividend Comparison

Neither NVDL nor INTW has paid dividends to shareholders.

Position	TTM	2025	2024	2023
INTW GraniteShares 2x Long INTC 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 INTW in my portfolio?

NVDL and INTW have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDL or INTW?

INTW has higher volatility (55.56%) compared to NVDL (26.22%). In terms of maximum drawdown, NVDL dropped -67.55% vs INTW's -60.58%.

Which ETF is better, NVDL or INTW?

On 1-year performance, INTW leads with 1806.94% vs 27.82% for NVDL. On fees, NVDL is cheaper at 1.05% per year. On volatility, NVDL has been the lower-risk option at 26.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDL or INTW?

Over the 1-year period, INTW has performed better with a 1806.94% return vs 27.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDL or INTW?

NVDL is cheaper with a 1.05% expense ratio, compared with 1.50% for INTW.

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

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

What is the main difference between NVDL and INTW?

Their fees differ too: 1.05% for NVDL and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (12.22 vs 0.40), 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.