NVDL vs. TQQQ
Compare and contrast key facts about GraniteShares 2x Long NVDA Daily ETF (NVDL) and ProShares UltraPro QQQ (TQQQ).
NVDL and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDL or TQQQ.
Performance
NVDL vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, NVDL achieves a 448.44% return, which is significantly higher than TQQQ's 54.08% return.
NVDL
448.44%
10.89%
87.54%
427.16%
N/A
N/A
TQQQ
54.08%
3.55%
20.54%
75.53%
34.11%
34.59%
Key characteristics
| NVDL | TQQQ | |
|---|---|---|
| Sharpe Ratio | 4.34 | 1.57 |
| Sortino Ratio | 3.51 | 2.03 |
| Omega Ratio | 1.45 | 1.27 |
| Calmar Ratio | 8.66 | 1.60 |
| Martin Ratio | 22.75 | 6.56 |
| Ulcer Index | 19.56% | 12.46% |
| Daily Std Dev | 102.48% | 51.94% |
| Max Drawdown | -51.40% | -81.66% |
| Current Drawdown | -3.93% | -9.84% |
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. TQQQ - Expense Ratio Comparison
NVDL has a 1.15% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Correlation
The correlation between NVDL and TQQQ is 0.74, 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. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
NVDL's dividend yield for the trailing twelve months is around 2.06%, more than TQQQ's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.06% | 11.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.23% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
NVDL vs. TQQQ - Drawdown Comparison
The maximum NVDL drawdown since its inception was -51.40%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for NVDL and TQQQ. For additional features, visit the drawdowns tool.
Volatility
NVDL vs. TQQQ - Volatility Comparison
GraniteShares 2x Long NVDA Daily ETF (NVDL) has a higher volatility of 21.69% compared to ProShares UltraPro QQQ (TQQQ) at 17.03%. This indicates that NVDL's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.