NVDL vs. VOO
Compare and contrast key facts about GraniteShares 2x Long NVDA Daily ETF (NVDL) and Vanguard S&P 500 ETF (VOO).
NVDL and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDL or VOO.
Performance
NVDL vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, NVDL achieves a 400.09% return, which is significantly higher than VOO's 25.02% return.
NVDL
400.09%
1.11%
72.91%
397.01%
N/A
N/A
VOO
25.02%
0.63%
11.74%
32.35%
15.50%
13.11%
Key characteristics
| NVDL | VOO | |
|---|---|---|
| Sharpe Ratio | 3.86 | 2.67 |
| Sortino Ratio | 3.35 | 3.56 |
| Omega Ratio | 1.43 | 1.50 |
| Calmar Ratio | 7.66 | 3.85 |
| Martin Ratio | 20.14 | 17.51 |
| Ulcer Index | 19.56% | 1.86% |
| Daily Std Dev | 102.31% | 12.23% |
| Max Drawdown | -51.40% | -33.99% |
| Current Drawdown | -12.40% | -1.76% |
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NVDL vs. VOO - Expense Ratio Comparison
NVDL has a 1.15% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between NVDL and VOO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
NVDL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long NVDA Daily ETF (NVDL) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
NVDL's dividend yield for the trailing twelve months is around 2.26%, more than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.26% | 11.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
NVDL vs. VOO - Drawdown Comparison
The maximum NVDL drawdown since its inception was -51.40%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for NVDL and VOO. For additional features, visit the drawdowns tool.
Volatility
NVDL vs. VOO - Volatility Comparison
GraniteShares 2x Long NVDA Daily ETF (NVDL) has a higher volatility of 21.15% compared to Vanguard S&P 500 ETF (VOO) at 4.09%. This indicates that NVDL's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.