NVDL vs. NVD
Compare and contrast key facts about GraniteShares 2x Long NVDA Daily ETF (NVDL) and GraniteShares 2x Short NVDA Daily ETF (NVD).
NVDL and NVD 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. NVD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDL or NVD.
Performance
NVDL vs. NVD - Performance Comparison
Returns By Period
In the year-to-date period, NVDL achieves a 439.60% return, which is significantly higher than NVD's -94.02% return.
NVDL
439.60%
0.79%
86.31%
425.65%
N/A
N/A
NVD
-94.02%
-5.07%
-72.68%
-93.98%
N/A
N/A
Key characteristics
| NVDL | NVD | |
|---|---|---|
| Sharpe Ratio | 4.09 | -0.92 |
| Sortino Ratio | 3.43 | -2.74 |
| Omega Ratio | 1.44 | 0.69 |
| Calmar Ratio | 8.14 | -0.98 |
| Martin Ratio | 21.46 | -1.23 |
| Ulcer Index | 19.51% | 76.37% |
| Daily Std Dev | 102.48% | 102.48% |
| Max Drawdown | -51.40% | -95.78% |
| Current Drawdown | -5.48% | -95.64% |
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NVDL vs. NVD - Expense Ratio Comparison
NVDL has a 1.15% expense ratio, which is lower than NVD's 1.50% expense ratio.
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.
Risk-Adjusted Performance
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.
Dividends
NVDL vs. NVD - Dividend Comparison
NVDL's dividend yield for the trailing twelve months is around 2.09%, less than NVD's 263.79% yield.
| TTM | 2023 | |
|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.09% | 11.29% |
NVD GraniteShares 2x Short NVDA Daily ETF | 263.79% | 15.78% |
Drawdowns
NVDL vs. NVD - Drawdown Comparison
The maximum NVDL drawdown since its inception was -51.40%, smaller than the maximum NVD drawdown of -95.78%. Use the drawdown chart below to compare losses from any high point for NVDL and NVD. For additional features, visit the drawdowns tool.
Volatility
NVDL vs. NVD - Volatility Comparison
GraniteShares 2x Long NVDA Daily ETF (NVDL) and GraniteShares 2x Short NVDA Daily ETF (NVD) have volatilities of 21.76% and 22.41%, 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.