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

Correlation

The correlation between NVDL and NVD is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -1.0

Performance

NVDL vs. NVD - 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 Short NVDA Daily ETF (NVD). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%400.00%500.00%NovemberDecember2025FebruaryMarchApril
176.35%
-93.46%
NVDL
NVD

Key characteristics

Sharpe Ratio

NVDL:

-0.07

NVD:

-0.63

Sortino Ratio

NVDL:

0.70

NVD:

-0.79

Omega Ratio

NVDL:

1.09

NVD:

0.91

Calmar Ratio

NVDL:

-0.14

NVD:

-0.74

Martin Ratio

NVDL:

-0.29

NVD:

-1.01

Ulcer Index

NVDL:

26.96%

NVD:

70.49%

Daily Std Dev

NVDL:

112.27%

NVD:

112.26%

Max Drawdown

NVDL:

-56.62%

NVD:

-96.09%

Current Drawdown

NVDL:

-55.12%

NVD:

-94.37%

Returns By Period

In the year-to-date period, NVDL achieves a -42.37% return, which is significantly lower than NVD's 11.81% return.


NVDL

YTD

-42.37%

1M

-25.62%

6M

-28.99%

1Y

-7.96%

5Y*

N/A

10Y*

N/A

NVD

YTD

11.81%

1M

18.39%

6M

-20.50%

1Y

-70.93%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


NVDL vs. NVD - Expense Ratio Comparison

NVDL has a 1.15% expense ratio, which is lower than NVD's 1.50% expense ratio.


NVD
GraniteShares 2x Short NVDA Daily ETF
Expense ratio chart for NVD: current value is 1.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
NVD: 1.50%
Expense ratio chart for NVDL: current value is 1.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
NVDL: 1.15%

Risk-Adjusted Performance

NVDL vs. NVD — 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 2828
Overall Rank
The Sharpe Ratio Rank of NVDL is 1717
Sharpe Ratio Rank
The Sortino Ratio Rank of NVDL is 4646
Sortino Ratio Rank
The Omega Ratio Rank of NVDL is 4545
Omega Ratio Rank
The Calmar Ratio Rank of NVDL is 1313
Calmar Ratio Rank
The Martin Ratio Rank of NVDL is 1616
Martin Ratio Rank

NVD
The Risk-Adjusted Performance Rank of NVD is 44
Overall Rank
The Sharpe Ratio Rank of NVD is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of NVD is 33
Sortino Ratio Rank
The Omega Ratio Rank of NVD is 44
Omega Ratio Rank
The Calmar Ratio Rank of NVD is 11
Calmar Ratio Rank
The Martin Ratio Rank of NVD is 77
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. NVD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and GraniteShares 2x Short NVDA Daily ETF (NVD). 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.


Sharpe ratio
The chart of Sharpe ratio for NVDL, currently valued at -0.07, compared to the broader market-1.000.001.002.003.004.005.00
NVDL: -0.07
NVD: -0.63
The chart of Sortino ratio for NVDL, currently valued at 0.70, compared to the broader market-2.000.002.004.006.008.0010.00
NVDL: 0.70
NVD: -0.79
The chart of Omega ratio for NVDL, currently valued at 1.09, compared to the broader market0.501.001.502.002.503.00
NVDL: 1.09
NVD: 0.91
The chart of Calmar ratio for NVDL, currently valued at -0.14, compared to the broader market0.005.0010.0015.00
NVDL: -0.14
NVD: -0.74
The chart of Martin ratio for NVDL, currently valued at -0.29, compared to the broader market0.0020.0040.0060.0080.00100.00
NVDL: -0.29
NVD: -1.01

The current NVDL Sharpe Ratio is -0.07, which is higher than the NVD Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of NVDL and NVD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.005.006.00NovemberDecember2025FebruaryMarchApril
-0.07
-0.63
NVDL
NVD

Dividends

NVDL vs. NVD - Dividend Comparison

NVDL has not paid dividends to shareholders, while NVD's dividend yield for the trailing twelve months is around 7.76%.


TTM20242023
NVDL
GraniteShares 2x Long NVDA Daily ETF
0.00%0.00%11.29%
NVD
GraniteShares 2x Short NVDA Daily ETF
7.76%8.68%15.78%

Drawdowns

NVDL vs. NVD - Drawdown Comparison

The maximum NVDL drawdown since its inception was -56.62%, smaller than the maximum NVD drawdown of -96.09%. Use the drawdown chart below to compare losses from any high point for NVDL and NVD. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-55.12%
-94.37%
NVDL
NVD

Volatility

NVDL vs. NVD - Volatility Comparison

GraniteShares 2x Long NVDA Daily ETF (NVDL) and GraniteShares 2x Short NVDA Daily ETF (NVD) have volatilities of 29.56% and 29.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
29.56%
29.61%
NVDL
NVD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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