NVDL vs. TQQQ

In the year-to-date period, NVDL achieves a -53.19% return, which is significantly lower than TQQQ's -39.10% return.

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NVDL has a 1.15% expense ratio, which is higher than TQQQ's 0.95% expense ratio.

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.

The current NVDL Sharpe Ratio is 0.07, which is higher than the TQQQ Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of NVDL and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

NVDL has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 2.05%.

The maximum NVDL drawdown since its inception was -67.55%, 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.

GraniteShares 2x Long NVDA Daily ETF (NVDL) and ProShares UltraPro QQQ (TQQQ) have volatilities of 48.36% and 47.82%, 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.