NVDL vs. NVDA
Compare and contrast key facts about GraniteShares 2x Long NVDA Daily ETF (NVDL) and NVIDIA Corporation (NVDA).
NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDL or NVDA.
Performance
NVDL vs. NVDA - Performance Comparison
Returns By Period
In the year-to-date period, NVDL achieves a 439.60% return, which is significantly higher than NVDA's 194.66% return.
NVDL
439.60%
0.79%
86.31%
425.65%
N/A
N/A
NVDA
194.66%
1.52%
53.68%
192.20%
94.87%
76.92%
Key characteristics
| NVDL | NVDA | |
|---|---|---|
| Sharpe Ratio | 4.09 | 3.64 |
| Sortino Ratio | 3.43 | 3.76 |
| Omega Ratio | 1.44 | 1.48 |
| Calmar Ratio | 8.14 | 7.01 |
| Martin Ratio | 21.46 | 22.18 |
| Ulcer Index | 19.51% | 8.54% |
| Daily Std Dev | 102.48% | 52.03% |
| Max Drawdown | -51.40% | -89.73% |
| Current Drawdown | -5.48% | -2.01% |
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Correlation
The correlation between NVDL and NVDA is 0.99, 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.
Risk-Adjusted Performance
NVDL vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and NVIDIA Corporation (NVDA). 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. NVDA - Dividend Comparison
NVDL's dividend yield for the trailing twelve months is around 2.09%, more than NVDA's 0.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.09% | 11.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% | 1.94% |
Drawdowns
NVDL vs. NVDA - Drawdown Comparison
The maximum NVDL drawdown since its inception was -51.40%, smaller than the maximum NVDA drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for NVDL and NVDA. For additional features, visit the drawdowns tool.
Volatility
NVDL vs. NVDA - Volatility Comparison
GraniteShares 2x Long NVDA Daily ETF (NVDL) has a higher volatility of 21.76% compared to NVIDIA Corporation (NVDA) at 10.92%. This indicates that NVDL's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.