NVDL vs. VALG
NVDL (GraniteShares 2x Long NVDA Daily ETF) and VALG (Leverage Shares 2X Long VALE Daily ETF) are both Leveraged Equities funds. NVDL is actively managed, while VALG is passively managed. Their 0.39 correlation means their historical movements had little consistent relationship. NVDL charges 1.05%/yr vs 0.75%/yr for VALG.
Performance
NVDL vs. VALG - Performance Comparison
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Returns By Period
In the year-to-date period, NVDL achieves a 19.13% return, which is significantly higher than VALG's 13.21% return.
NVDL
- 1D
- 6.85%
- 1M
- 22.50%
- 6M
- 38.93%
- YTD
- 19.13%
- 1Y
- 19.05%
- 3Y*
- 97.81%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 146.14%
VALG
- 1D
- 1.33%
- 1M
- -3.72%
- 6M
- -31.72%
- YTD
- 13.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $380.97M | $415.87M | $666.11M | |
| $6.08K | $8.71K | $25.55K |
NVDL vs. VALG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 19.13% | 17.99% |
VALG Leverage Shares 2X Long VALE Daily ETF | 13.21% | 1.57% |
Correlation
The correlation between NVDL and VALG is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.39 |
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Return for Risk
NVDL vs. VALG — Risk / Return Rank
NVDL
VALG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NVDL vs. VALG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and Leverage Shares 2X Long VALE Daily ETF (VALG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVDL | VALG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.10 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | — | — |
| Martin ratioReturn relative to average drawdown | 0.88 | — | — |
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Drawdowns
NVDL vs. VALG - Drawdown Comparison
The maximum NVDL drawdown since its inception was -67.55%, which is greater than VALG's maximum drawdown of -41.17%. Use the drawdown chart below to compare losses from any high point for NVDL and VALG.
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Drawdown Indicators
| NVDL | VALG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -41.17% | -26.38% |
Max Drawdown (1Y)Largest decline over 1 year | -42.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -67.55% | — | — |
Current DrawdownCurrent decline from peak | -18.75% | -34.48% | +15.73% |
Average DrawdownAverage peak-to-trough decline | -17.47% | -17.63% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.78% | — | — |
Volatility
NVDL vs. VALG - Volatility Comparison
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Volatility by Period
| NVDL | VALG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.53% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 56.52% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.65% | 71.80% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.01% | 71.80% | +18.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.01% | 71.80% | +18.21% |
NVDL vs. VALG - Expense Ratio Comparison
NVDL has a 1.05% expense ratio, which is higher than VALG's 0.75% expense ratio.
Dividends
NVDL vs. VALG - Dividend Comparison
Neither NVDL nor VALG 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% |
VALG Leverage Shares 2X Long VALE Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVDL and VALG have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VALG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VALG is cheaper with a 0.75% expense ratio, compared with 1.05% for NVDL.
NVDL and VALG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.05% for NVDL and 0.75% for VALG.
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