NVDL vs. NVDU

The year-to-date returns for both investments are quite close, with NVDL having a -21.46% return and NVDU slightly higher at -20.79%.

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

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 current NVDL Sharpe Ratio is -0.08, which is lower than the NVDU Sharpe Ratio of -0.06. 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.

NVDL has not paid dividends to shareholders, while NVDU's dividend yield for the trailing twelve months is around 21.63%.

The maximum NVDL drawdown since its inception was -67.55%, roughly equal to the maximum NVDU drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for NVDL and NVDU.

GraniteShares 2x Long NVDA Daily ETF (NVDL) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU) have volatilities of 21.64% and 21.60%, 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.