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

Correlation

The correlation between NVDL and NVDX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.7

Performance

NVDL vs. NVDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long NVDA Daily ETF (NVDL) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). The values are adjusted to include any dividend payments, if applicable.

100.00%200.00%300.00%400.00%500.00%600.00%700.00%NovemberDecember2025FebruaryMarchApril
178.86%
218.28%
NVDL
NVDX

Key characteristics

Sharpe Ratio

NVDL:

0.06

NVDX:

0.04

Sortino Ratio

NVDL:

0.95

NVDX:

0.93

Omega Ratio

NVDL:

1.12

NVDX:

1.12

Calmar Ratio

NVDL:

0.10

NVDX:

0.07

Martin Ratio

NVDL:

0.23

NVDX:

0.15

Ulcer Index

NVDL:

30.79%

NVDX:

31.10%

Daily Std Dev

NVDL:

119.27%

NVDX:

119.97%

Max Drawdown

NVDL:

-67.55%

NVDX:

-68.19%

Current Drawdown

NVDL:

-60.80%

NVDX:

-61.67%

Returns By Period

The year-to-date returns for both stocks are quite close, with NVDL having a -49.66% return and NVDX slightly lower at -50.43%.


NVDL

YTD

-49.66%

1M

-27.82%

6M

-56.11%

1Y

6.94%

5Y*

N/A

10Y*

N/A

NVDX

YTD

-50.43%

1M

-28.16%

6M

-57.12%

1Y

4.81%

5Y*

N/A

10Y*

N/A

*Annualized

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NVDL vs. NVDX - Expense Ratio Comparison

NVDL has a 1.15% expense ratio, which is higher than NVDX's 1.05% expense ratio.


Expense ratio chart for NVDL: current value is 1.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
NVDL: 1.15%
Expense ratio chart for NVDX: current value is 1.05%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
NVDX: 1.05%

Risk-Adjusted Performance

NVDL vs. NVDX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDL
The Risk-Adjusted Performance Rank of NVDL is 4343
Overall Rank
The Sharpe Ratio Rank of NVDL is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of NVDL is 6666
Sortino Ratio Rank
The Omega Ratio Rank of NVDL is 6161
Omega Ratio Rank
The Calmar Ratio Rank of NVDL is 3333
Calmar Ratio Rank
The Martin Ratio Rank of NVDL is 2929
Martin Ratio Rank

NVDX
The Risk-Adjusted Performance Rank of NVDX is 4141
Overall Rank
The Sharpe Ratio Rank of NVDX is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of NVDX is 6565
Sortino Ratio Rank
The Omega Ratio Rank of NVDX is 6060
Omega Ratio Rank
The Calmar Ratio Rank of NVDX is 3030
Calmar Ratio Rank
The Martin Ratio Rank of NVDX is 2626
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NVDL vs. NVDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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 0.06, compared to the broader market-1.000.001.002.003.004.00
NVDL: 0.06
NVDX: 0.04
The chart of Sortino ratio for NVDL, currently valued at 0.95, compared to the broader market-2.000.002.004.006.008.00
NVDL: 0.95
NVDX: 0.93
The chart of Omega ratio for NVDL, currently valued at 1.12, compared to the broader market0.501.001.502.002.50
NVDL: 1.12
NVDX: 1.12
The chart of Calmar ratio for NVDL, currently valued at 0.10, compared to the broader market0.002.004.006.008.0010.0012.00
NVDL: 0.10
NVDX: 0.07
The chart of Martin ratio for NVDL, currently valued at 0.23, compared to the broader market0.0020.0040.0060.00
NVDL: 0.23
NVDX: 0.15

The current NVDL Sharpe Ratio is 0.06, which is higher than the NVDX Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of NVDL and NVDX, 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 Ratio0.002.004.006.00NovemberDecember2025FebruaryMarchApril
0.06
0.04
NVDL
NVDX

Dividends

NVDL vs. NVDX - Dividend Comparison

NVDL has not paid dividends to shareholders, while NVDX's dividend yield for the trailing twelve months is around 31.24%.


TTM20242023
NVDL
GraniteShares 2x Long NVDA Daily ETF
0.00%0.00%11.29%
NVDX
T-REX 2X Long NVIDIA Daily Target ETF
31.24%15.49%0.00%

Drawdowns

NVDL vs. NVDX - Drawdown Comparison

The maximum NVDL drawdown since its inception was -67.55%, roughly equal to the maximum NVDX drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for NVDL and NVDX. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-60.80%
-61.67%
NVDL
NVDX

Volatility

NVDL vs. NVDX - Volatility Comparison

GraniteShares 2x Long NVDA Daily ETF (NVDL) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX) have volatilities of 49.22% and 49.35%, 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.


20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
49.22%
49.35%
NVDL
NVDX