NVDL vs. PLTM

Last updated Jun 5, 2026

NVDL (GraniteShares 2x Long NVDA Daily ETF) and PLTM (GraniteShares Platinum Trust) are both exchange-traded funds - NVDL is a Leveraged Equities fund actively managed by GraniteShares, while PLTM is a Precious Metals fund tracking the Platinum London PM Fix ($/ozt). NVDL is actively managed, while PLTM is passively managed. Over the past 3 years, NVDL returned 113.21%/yr vs 21.98%/yr for PLTM. At a 0.13 correlation, their price movements are largely independent. NVDL charges 1.05%/yr vs 0.50%/yr for PLTM.

Performance

NVDL vs. PLTM - Performance Comparison

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

Returns By Period

In the year-to-date period, NVDL achieves a 24.36% return, which is significantly higher than PLTM's -7.60% return.

NVDL

• 1D: 3.68%
• 1M: 21.13%
• YTD: 24.36%
• 6M: 26.69%
• 1Y: 90.12%
• 3Y*: 113.21%
• 5Y*: —
• 10Y*: —

PLTM

• 1D: 1.90%
• 1M: -2.72%
• YTD: -7.60%
• 6M: 14.80%
• 1Y: 72.14%
• 3Y*: 21.98%
• 5Y*: 9.63%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NVDL vs. PLTM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NVDL GraniteShares 2x Long NVDA Daily ETF	24.36%	32.57%	344.58%	432.18%	-28.32%
PLTM GraniteShares Platinum Trust	-7.60%	124.46%	-8.91%	-8.10%	3.70%

Correlation

The correlation between NVDL and PLTM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022	0.13

NVDL vs. PLTM - Sectors Allocation Comparison

Sectors	NVDL	PLTM
Technology	100.0%	-
Basic Materials	0.0%	-
Communication Services	0.0%	-
Consumer Cyclical	0.0%	-
Consumer Defensive	0.0%	-
Energy	0.0%	-
Financial Services	0.0%	-
Healthcare	0.0%	-
Industrials	0.0%	-
Real Estate	0.0%	100.0%
Utilities	0.0%	-

Return for Risk

NVDL vs. PLTM — Risk / Return Rank

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

NVDL

NVDL Risk / Return Rank: 38
NVDL Sharpe Ratio Rank: 38
NVDL Sortino Ratio Rank: 39
NVDL Omega Ratio Rank: 36
NVDL Calmar Ratio Rank: 44
NVDL Martin Ratio Rank: 33

PLTM

PLTM Risk / Return Rank: 38
PLTM Sharpe Ratio Rank: 41
PLTM Sortino Ratio Rank: 35
PLTM Omega Ratio Rank: 41
PLTM Calmar Ratio Rank: 43
PLTM Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVDL vs. PLTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and GraniteShares Platinum Trust (PLTM). 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.

	NVDL	PLTM	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.41	-0.08
Sortino ratio: Return per unit of downside risk	1.95	1.80	+0.15
Omega ratio: Gain probability vs. loss probability	1.23	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	2.15	2.10	+0.04
Martin ratio: Return relative to average drawdown	4.91	4.41	+0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDL vs. PLTM - Sharpe Ratio Comparison

The current NVDL Sharpe Ratio is 1.33, which is comparable to the PLTM Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of NVDL and PLTM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NVDL	PLTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.41	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	0.24	+1.55

Drawdowns

NVDL vs. PLTM - Drawdown Comparison

The maximum NVDL drawdown since its inception was -67.55%, which is greater than PLTM's maximum drawdown of -42.32%. Use the drawdown chart below to compare losses from any high point for NVDL and PLTM.

Drawdown Indicators

	NVDL	PLTM	Difference
Max Drawdown Largest peak-to-trough decline	-67.55%	-42.32%	-25.23%
Max Drawdown (1Y) Largest decline over 1 year	-42.23%	-34.52%	-7.71%
Max Drawdown (3Y) Largest decline over 3 years	-67.55%	-34.52%	-33.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.52%	—
Current Drawdown Current decline from peak	-15.19%	-31.75%	+16.56%
Average Drawdown Average peak-to-trough decline	-16.96%	-18.55%	+1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.41%	16.40%	+2.01%

Volatility

NVDL vs. PLTM - Volatility Comparison

GraniteShares 2x Long NVDA Daily ETF (NVDL) has a higher volatility of 24.75% compared to GraniteShares Platinum Trust (PLTM) at 11.07%. This indicates that NVDL's price experiences larger fluctuations and is considered to be riskier than PLTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDL	PLTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.75%	11.07%	+13.68%
Volatility (6M) Calculated over the trailing 6-month period	50.90%	45.47%	+5.43%
Volatility (1Y) Calculated over the trailing 1-year period	68.08%	51.42%	+16.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.39%	32.84%	+57.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.39%	30.98%	+59.41%

NVDL vs. PLTM - Expense Ratio Comparison

NVDL has a 1.05% expense ratio, which is higher than PLTM's 0.50% expense ratio.

Dividends

NVDL vs. PLTM - Dividend Comparison

Neither NVDL nor PLTM has paid dividends to shareholders.

Position	TTM	2025	2024	2023
NVDL GraniteShares 2x Long NVDA Daily ETF	0.00%	0.00%	0.00%	11.29%
PLTM GraniteShares Platinum Trust	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDL and PLTM in my portfolio?

NVDL and PLTM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDL or PLTM?

NVDL has higher volatility (24.75%) compared to PLTM (11.07%). In terms of maximum drawdown, NVDL dropped -67.55% vs PLTM's -42.32%.

Which ETF is better, NVDL or PLTM?

On 3-year performance, NVDL leads with 113.21% vs 21.98% for PLTM. On fees, PLTM is cheaper at 0.50% per year. On volatility, PLTM has been the lower-risk option at 11.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDL or PLTM?

Over the 3-year period, NVDL has performed better with a 113.21% return vs 21.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDL or PLTM?

PLTM is cheaper with a 0.50% expense ratio, compared with 1.05% for NVDL.

Which ETF pays a higher dividend yield, NVDL or PLTM?

NVDL and PLTM have nearly identical dividend yields, around 0.00%.

What is the main difference between NVDL and PLTM?

NVDL is categorized as Leveraged Equities, while PLTM is Precious Metals. Their fees differ too: 1.05% for NVDL and 0.50% for PLTM.

Which has better risk-adjusted returns?

PLTM currently has the higher Sharpe Ratio (1.41 vs 1.33), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.