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

Correlation

The correlation between NVDL and NVDU is 1.00, 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.


-0.50.00.51.01.0

Performance

NVDL vs. NVDU - Performance Comparison

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

-40.00%-30.00%-20.00%-10.00%0.00%10.00%20.00%AugustSeptemberOctoberNovemberDecember2025
2.95%
4.46%
NVDL
NVDU

Key characteristics

Sharpe Ratio

NVDL:

4.27

NVDU:

3.79

Sortino Ratio

NVDL:

3.48

NVDU:

3.28

Omega Ratio

NVDL:

1.44

NVDU:

1.42

Calmar Ratio

NVDL:

8.67

NVDU:

7.39

Martin Ratio

NVDL:

22.01

NVDU:

19.32

Ulcer Index

NVDL:

20.26%

NVDU:

19.55%

Daily Std Dev

NVDL:

104.42%

NVDU:

99.64%

Max Drawdown

NVDL:

-51.40%

NVDU:

-51.13%

Current Drawdown

NVDL:

-10.05%

NVDU:

-9.73%

Returns By Period

The year-to-date returns for both stocks are quite close, with NVDL having a 15.50% return and NVDU slightly lower at 15.40%.


NVDL

YTD

15.50%

1M

-2.84%

6M

6.74%

1Y

439.30%

5Y*

N/A

10Y*

N/A

NVDU

YTD

15.40%

1M

-3.25%

6M

8.16%

1Y

371.92%

5Y*

N/A

10Y*

N/A

*Annualized

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NVDL vs. NVDU - Expense Ratio Comparison

NVDL has a 1.15% expense ratio, which is higher than NVDU's 1.04% expense ratio.


Expense ratio chart for NVDL: current value at 1.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.15%
Expense ratio chart for NVDU: current value at 1.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.04%

Risk-Adjusted Performance

NVDL vs. NVDU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU). 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.


The chart of Sharpe ratio for NVDL, currently valued at 4.27, compared to the broader market0.002.004.004.273.79
The chart of Sortino ratio for NVDL, currently valued at 3.48, compared to the broader market-2.000.002.004.006.008.0010.003.483.28
The chart of Omega ratio for NVDL, currently valued at 1.44, compared to the broader market0.501.001.502.002.503.001.441.42
The chart of Calmar ratio for NVDL, currently valued at 8.67, compared to the broader market0.005.0010.0015.008.677.39
The chart of Martin ratio for NVDL, currently valued at 22.01, compared to the broader market0.0020.0040.0060.0080.00100.0022.0119.32
NVDL
NVDU

The current NVDL Sharpe Ratio is 4.27, which is comparable to the NVDU Sharpe Ratio of 3.79. The chart below compares the historical Sharpe Ratios of NVDL and NVDU, 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 Ratio2.503.003.504.004.505.005.506.00Sep 22Sep 29Oct 06Oct 13Oct 20Oct 27Nov 03Nov 10Nov 17Nov 24DecemberDec 08Dec 15Dec 22Dec 29
4.27
3.79
NVDL
NVDU

Dividends

NVDL vs. NVDU - Dividend Comparison

NVDL has not paid dividends to shareholders, while NVDU's dividend yield for the trailing twelve months is around 14.60%.


TTM20242023
NVDL
GraniteShares 2x Long NVDA Daily ETF
0.00%0.00%11.29%
NVDU
Direxion Daily NVDA Bull 2X Shares ETF
14.60%16.85%0.64%

Drawdowns

NVDL vs. NVDU - Drawdown Comparison

The maximum NVDL drawdown since its inception was -51.40%, roughly equal to the maximum NVDU drawdown of -51.13%. Use the drawdown chart below to compare losses from any high point for NVDL and NVDU. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%AugustSeptemberOctoberNovemberDecember2025
-10.05%
-9.73%
NVDL
NVDU

Volatility

NVDL vs. NVDU - Volatility Comparison

GraniteShares 2x Long NVDA Daily ETF (NVDL) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU) have volatilities of 21.64% and 21.83%, 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.


15.00%20.00%25.00%30.00%35.00%40.00%45.00%50.00%AugustSeptemberOctoberNovemberDecember2025
21.64%
21.83%
NVDL
NVDU