NVDL vs. NVDU
Compare and contrast key facts about GraniteShares 2x Long NVDA Daily ETF (NVDL) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU).
NVDL and NVDU 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. NVDU is an actively managed fund by Direxion. It was launched on Sep 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDL or NVDU.
Performance
NVDL vs. NVDU - Performance Comparison
Returns By Period
In the year-to-date period, NVDL achieves a 439.60% return, which is significantly higher than NVDU's 373.44% return.
NVDL
439.60%
0.79%
86.31%
425.65%
N/A
N/A
NVDU
373.44%
0.98%
91.12%
362.46%
N/A
N/A
Key characteristics
| NVDL | NVDU | |
|---|---|---|
| Sharpe Ratio | 4.09 | 3.65 |
| Sortino Ratio | 3.43 | 3.24 |
| Omega Ratio | 1.44 | 1.42 |
| Calmar Ratio | 8.14 | 6.96 |
| Martin Ratio | 21.46 | 18.91 |
| Ulcer Index | 19.51% | 18.81% |
| Daily Std Dev | 102.48% | 97.60% |
| Max Drawdown | -51.40% | -51.13% |
| Current Drawdown | -5.48% | -4.87% |
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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.
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.
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.
Dividends
NVDL vs. NVDU - Dividend Comparison
NVDL's dividend yield for the trailing twelve months is around 2.09%, more than NVDU's 1.09% yield.
| TTM | 2023 | |
|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.09% | 11.29% |
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 1.09% | 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.
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 21.76% and 21.90%, 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.