NVDL vs. MSTX
Compare and contrast key facts about GraniteShares 2x Long NVDA Daily ETF (NVDL) and Defiance Daily Target 2X Long MSTR ETF (MSTX).
NVDL and MSTX 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. MSTX is an actively managed fund by Defiance. It was launched on Aug 14, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDL or MSTX.
Correlation
The correlation between NVDL and MSTX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NVDL vs. MSTX - Performance Comparison
Key characteristics
NVDL:
119.27%
MSTX:
206.87%
NVDL:
-67.55%
MSTX:
-86.61%
NVDL:
-60.80%
MSTX:
-73.25%
Returns By Period
In the year-to-date period, NVDL achieves a -49.66% return, which is significantly lower than MSTX's -4.92% return.
NVDL
-49.66%
-27.82%
-56.11%
6.94%
N/A
N/A
MSTX
-4.92%
-9.64%
-7.48%
N/A
N/A
N/A
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NVDL vs. MSTX - Expense Ratio Comparison
NVDL has a 1.15% expense ratio, which is lower than MSTX's 1.29% expense ratio.
Risk-Adjusted Performance
NVDL vs. MSTX — Risk-Adjusted Performance Rank
NVDL
MSTX
NVDL vs. MSTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and Defiance Daily Target 2X Long MSTR ETF (MSTX). 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.
Not enough dataDividends
NVDL vs. MSTX - Dividend Comparison
NVDL has not paid dividends to shareholders, while MSTX's dividend yield for the trailing twelve months is around 43.13%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 11.29% |
MSTX Defiance Daily Target 2X Long MSTR ETF | 43.13% | 41.01% | 0.00% |
Drawdowns
NVDL vs. MSTX - Drawdown Comparison
The maximum NVDL drawdown since its inception was -67.55%, smaller than the maximum MSTX drawdown of -86.61%. Use the drawdown chart below to compare losses from any high point for NVDL and MSTX. For additional features, visit the drawdowns tool.
Volatility
NVDL vs. MSTX - Volatility Comparison
The current volatility for GraniteShares 2x Long NVDA Daily ETF (NVDL) is 49.22%, while Defiance Daily Target 2X Long MSTR ETF (MSTX) has a volatility of 71.15%. This indicates that NVDL experiences smaller price fluctuations and is considered to be less risky than MSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.