NVDL vs. SOXL
Compare and contrast key facts about GraniteShares 2x Long NVDA Daily ETF (NVDL) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
NVDL and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDL or SOXL.
Performance
NVDL vs. SOXL - Performance Comparison
Returns By Period
In the year-to-date period, NVDL achieves a 409.53% return, which is significantly higher than SOXL's -8.78% return.
NVDL
409.53%
1.02%
41.40%
416.63%
N/A
N/A
SOXL
-8.78%
-15.71%
-44.36%
24.82%
15.66%
30.96%
Key characteristics
| NVDL | SOXL | |
|---|---|---|
| Sharpe Ratio | 4.06 | 0.25 |
| Sortino Ratio | 3.42 | 1.03 |
| Omega Ratio | 1.44 | 1.13 |
| Calmar Ratio | 8.11 | 0.35 |
| Martin Ratio | 21.45 | 0.77 |
| Ulcer Index | 19.42% | 32.25% |
| Daily Std Dev | 102.62% | 100.68% |
| Max Drawdown | -51.40% | -90.46% |
| Current Drawdown | -10.74% | -60.15% |
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NVDL vs. SOXL - Expense Ratio Comparison
NVDL has a 1.15% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Correlation
The correlation between NVDL and SOXL is 0.75, 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. SOXL - 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 Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
NVDL's dividend yield for the trailing twelve months is around 2.21%, more than SOXL's 1.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.21% | 11.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 1.08% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
NVDL vs. SOXL - Drawdown Comparison
The maximum NVDL drawdown since its inception was -51.40%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for NVDL and SOXL. For additional features, visit the drawdowns tool.
Volatility
NVDL vs. SOXL - Volatility Comparison
The current volatility for GraniteShares 2x Long NVDA Daily ETF (NVDL) is 22.06%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 27.36%. This indicates that NVDL experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.