NVDQ vs. CCUP

Last updated Jun 21, 2026

NVDQ (T-Rex 2X Inverse NVIDIA Daily Target ETF) and CCUP (T-REX 2X Long CRCL Daily Target ETF) are both exchange-traded funds - NVDQ is a Inverse Equities fund actively managed by T-Rex, while CCUP is a Leveraged Equities fund actively managed by T-Rex. Both are actively managed. At a correlation of -0.30, they often move in opposite directions. NVDQ charges 1.05%/yr vs 1.50%/yr for CCUP.

Performance

NVDQ vs. CCUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) and T-REX 2X Long CRCL Daily Target ETF (CCUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDQ achieves a -35.12% return, which is significantly higher than CCUP's -40.55% return.

NVDQ

• 1D: -5.30%
• 1M: 4.31%
• YTD: -35.12%
• 6M: -39.11%
• 1Y: -67.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CCUP

• 1D: -1.90%
• 1M: -54.97%
• YTD: -40.55%
• 6M: -50.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NVDQ vs. CCUP - Yearly Performance Comparison

	2026 (YTD)	2025
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	-35.12%	-15.77%
CCUP T-REX 2X Long CRCL Daily Target ETF	-40.55%	-82.64%

Correlation

The correlation between NVDQ and CCUP is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025	-0.30

Return for Risk

NVDQ vs. CCUP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDQ

NVDQ Risk / Return Rank: 1
NVDQ Sharpe Ratio Rank: 2
NVDQ Sortino Ratio Rank: 1
NVDQ Omega Ratio Rank: 1
NVDQ Calmar Ratio Rank: 1
NVDQ Martin Ratio Rank: 2

CCUP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVDQ vs. CCUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) and T-REX 2X Long CRCL Daily Target ETF (CCUP). 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.

	NVDQ	CCUP	Difference
Sharpe ratio: Return per unit of total volatility	-0.95	—	—
Sortino ratio: Return per unit of downside risk	-1.61	—	—
Omega ratio: Gain probability vs. loss probability	0.82	—	—
Calmar ratio: Return relative to maximum drawdown	-0.92	—	—
Martin ratio: Return relative to average drawdown	-1.37	—	—

Drawdowns

NVDQ vs. CCUP - Drawdown Comparison

The maximum NVDQ drawdown since its inception was -99.45%, which is greater than CCUP's maximum drawdown of -93.74%. Use the drawdown chart below to compare losses from any high point for NVDQ and CCUP.

Drawdown Indicators

	NVDQ	CCUP	Difference
Max Drawdown Largest peak-to-trough decline	-99.45%	-93.74%	-5.71%
Max Drawdown (1Y) Largest decline over 1 year	-72.40%	—	—
Current Drawdown Current decline from peak	-99.34%	-90.21%	-9.13%
Average Drawdown Average peak-to-trough decline	-88.26%	-69.90%	-18.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.35%	—	—

Volatility

Volatility by Period

	NVDQ	CCUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	69.97%	195.22%	-125.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.42%	195.22%	-99.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.42%	195.22%	-99.80%

NVDQ vs. CCUP - Expense Ratio Comparison

NVDQ has a 1.05% expense ratio, which is lower than CCUP's 1.50% expense ratio.

Dividends

NVDQ vs. CCUP - Dividend Comparison

NVDQ's dividend yield for the trailing twelve months is around 0.40%, while CCUP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
CCUP T-REX 2X Long CRCL Daily Target ETF	0.00%	0.00%	0.00%	0.00%
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	0.40%	0.26%	4.59%	11.60%

Frequently Asked Questions

Can I hold both NVDQ and CCUP in my portfolio?

NVDQ and CCUP have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDQ or CCUP?

On fees, NVDQ is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDQ or CCUP?

NVDQ is cheaper with a 1.05% expense ratio, compared with 1.50% for CCUP.

Which ETF pays a higher dividend yield, NVDQ or CCUP?

NVDQ has the higher dividend yield at 0.40%, compared with 0.00% for CCUP.

What is the main difference between NVDQ and CCUP?

NVDQ is categorized as Inverse Equities, while CCUP is Leveraged Equities. Their fees differ too: 1.05% for NVDQ and 1.50% for CCUP.