NVDL vs. ONEQ
Compare and contrast key facts about GraniteShares 2x Long NVDA Daily ETF (NVDL) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
NVDL and ONEQ 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. ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDL or ONEQ.
Performance
NVDL vs. ONEQ - Performance Comparison
Returns By Period
In the year-to-date period, NVDL achieves a 439.60% return, which is significantly higher than ONEQ's 26.98% return.
NVDL
439.60%
0.79%
86.31%
425.65%
N/A
N/A
ONEQ
26.98%
2.77%
13.24%
34.50%
18.55%
16.14%
Key characteristics
| NVDL | ONEQ | |
|---|---|---|
| Sharpe Ratio | 4.09 | 1.95 |
| Sortino Ratio | 3.43 | 2.56 |
| Omega Ratio | 1.44 | 1.35 |
| Calmar Ratio | 8.14 | 2.55 |
| Martin Ratio | 21.46 | 9.69 |
| Ulcer Index | 19.51% | 3.49% |
| Daily Std Dev | 102.48% | 17.33% |
| Max Drawdown | -51.40% | -55.09% |
| Current Drawdown | -5.48% | -1.67% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
NVDL vs. ONEQ - Expense Ratio Comparison
NVDL has a 1.15% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Correlation
The correlation between NVDL and ONEQ is 0.72, 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. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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. ONEQ - Dividend Comparison
NVDL's dividend yield for the trailing twelve months is around 2.09%, more than ONEQ's 0.61% 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% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.61% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
NVDL vs. ONEQ - Drawdown Comparison
The maximum NVDL drawdown since its inception was -51.40%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for NVDL and ONEQ. For additional features, visit the drawdowns tool.
Volatility
NVDL vs. ONEQ - Volatility Comparison
GraniteShares 2x Long NVDA Daily ETF (NVDL) has a higher volatility of 21.76% compared to Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) at 6.02%. This indicates that NVDL's price experiences larger fluctuations and is considered to be riskier than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.