NVDQ vs. FFLG
NVDQ (T-Rex 2X Inverse NVIDIA Daily Target ETF) and FFLG (Fidelity Fundamental Large Cap Growth ETF) are both exchange-traded funds - NVDQ is a Inverse Equities fund actively managed by T-Rex, while FFLG is a Large Cap Growth Equities fund actively managed by Fidelity. Both are actively managed. Over the past year, NVDQ returned -69.65% vs 38.91% for FFLG. At a correlation of -0.77, they often move in opposite directions. NVDQ charges 1.05%/yr vs 0.38%/yr for FFLG.
Performance
NVDQ vs. FFLG - Performance Comparison
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Returns By Period
In the year-to-date period, NVDQ achieves a -38.57% return, which is significantly lower than FFLG's 17.03% return.
NVDQ
- 1D
- -3.82%
- 1M
- -23.21%
- YTD
- -38.57%
- 6M
- -41.67%
- 1Y
- -69.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FFLG
- 1D
- 0.46%
- 1M
- 6.72%
- YTD
- 17.03%
- 6M
- 16.08%
- 1Y
- 38.91%
- 3Y*
- 29.35%
- 5Y*
- 12.69%
- 10Y*
- —
NVDQ vs. FFLG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | -38.57% | -74.63% | -93.80% | -30.70% |
FFLG Fidelity Fundamental Large Cap Growth ETF | 17.03% | 19.61% | 32.29% | 16.01% |
Correlation
The correlation between NVDQ and FFLG is -0.72, 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 (1Y) Calculated over the trailing 1-year period | -0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023 | -0.77 |
The correlation between NVDQ and FFLG has been stable across timeframes, ranging from -0.77 to -0.72 - a consistent structural relationship.
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Return for Risk
NVDQ vs. FFLG — Risk / Return Rank
NVDQ
FFLG
NVDQ vs. FFLG - 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 Fidelity Fundamental Large Cap Growth ETF (FFLG). 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.
| NVDQ | FFLG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.17 | ||
| Sortino ratioReturn per unit of downside risk | -4.69 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.37 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.75 | -3.69 |
| Martin ratioReturn relative to average drawdown | -1.43 | 10.74 | -12.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVDQ | FFLG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.03 | 2.14 | -3.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.89 | 0.44 | -1.33 |
Drawdowns
NVDQ vs. FFLG - Drawdown Comparison
The maximum NVDQ drawdown since its inception was -99.45%, which is greater than FFLG's maximum drawdown of -44.52%. Use the drawdown chart below to compare losses from any high point for NVDQ and FFLG.
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Drawdown Indicators
| NVDQ | FFLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.45% | -44.52% | -54.93% |
Max Drawdown (1Y)Largest decline over 1 year | -73.67% | -14.23% | -59.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.52% | — |
Current DrawdownCurrent decline from peak | -99.38% | -0.44% | -98.94% |
Average DrawdownAverage peak-to-trough decline | -88.22% | -14.26% | -73.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.77% | 3.63% | +45.14% |
Volatility
NVDQ vs. FFLG - Volatility Comparison
T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a higher volatility of 25.78% compared to Fidelity Fundamental Large Cap Growth ETF (FFLG) at 4.54%. This indicates that NVDQ's price experiences larger fluctuations and is considered to be riskier than FFLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDQ | FFLG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.78% | 4.54% | +21.24% |
Volatility (6M)Calculated over the trailing 6-month period | 51.89% | 14.11% | +37.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.77% | 18.28% | +49.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.47% | 25.33% | +70.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.47% | 25.38% | +70.09% |
NVDQ vs. FFLG - Expense Ratio Comparison
NVDQ has a 1.05% expense ratio, which is higher than FFLG's 0.38% expense ratio.
Dividends
NVDQ vs. FFLG - Dividend Comparison
NVDQ's dividend yield for the trailing twelve months is around 0.42%, more than FFLG's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FFLG Fidelity Fundamental Large Cap Growth ETF | 0.13% | 0.14% | 0.09% | 0.00% | 1.50% | 0.55% |
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | 0.42% | 0.26% | 4.59% | 11.60% | 0.00% | 0.00% |
Frequently Asked Questions
NVDQ and FFLG have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDQ has higher volatility (25.78%) compared to FFLG (4.54%). In terms of maximum drawdown, NVDQ dropped -99.45% vs FFLG's -44.52%.
On 1-year performance, FFLG leads with 38.91% vs -69.65% for NVDQ. On fees, FFLG is cheaper at 0.38% per year. On volatility, FFLG has been the lower-risk option at 4.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FFLG has performed better with a 38.91% return vs -69.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FFLG is cheaper with a 0.38% expense ratio, compared with 1.05% for NVDQ.
NVDQ has the higher dividend yield at 0.42%, compared with 0.13% for FFLG.
NVDQ is categorized as Inverse Equities, while FFLG is Large Cap Growth Equities. They also come from different issuers: T-Rex and Fidelity. Their fees differ too: 1.05% for NVDQ and 0.38% for FFLG.
FFLG currently has the higher Sharpe Ratio (2.14 vs -1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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