NVDQ vs. NVDA

Last updated Jun 3, 2026

NVDQ (T-Rex 2X Inverse NVIDIA Daily Target ETF) is Inverse Equities fund actively managed by T-Rex, while NVDA (NVIDIA Corporation) is a stock. Over the past year, NVDQ returned -72.40% vs 62.23% for NVDA. At a correlation of -1.00, they often move in opposite directions.

Performance

NVDQ vs. NVDA - 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 NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDQ achieves a -40.36% return, which is significantly lower than NVDA's 19.48% return.

NVDQ

• 1D: 1.42%
• 1M: -23.92%
• YTD: -40.36%
• 6M: -44.68%
• 1Y: -72.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDA

• 1D: -0.69%
• 1M: 12.28%
• YTD: 19.48%
• 6M: 22.81%
• 1Y: 62.23%
• 3Y*: 78.33%
• 5Y*: 67.45%
• 10Y*: 69.46%

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

NVDQ vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	-40.36%	-74.63%	-93.80%	-30.70%
NVDA NVIDIA Corporation	19.48%	38.92%	171.25%	17.64%

Correlation

The correlation between NVDQ and NVDA is -0.99, 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	-0.99
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	-1.00

The correlation between NVDQ and NVDA has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.

Return for Risk

NVDQ vs. NVDA — 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: 1
NVDQ Sortino Ratio Rank: 1
NVDQ Omega Ratio Rank: 1
NVDQ Calmar Ratio Rank: 0
NVDQ Martin Ratio Rank: 1

NVDA

NVDA Risk / Return Rank: 82
NVDA Sharpe Ratio Rank: 85
NVDA Sortino Ratio Rank: 82
NVDA Omega Ratio Rank: 79
NVDA Calmar Ratio Rank: 83
NVDA Martin Ratio Rank: 83

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. NVDA - 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 NVIDIA Corporation (NVDA). 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	NVDA	Difference
Sharpe ratio Return per unit of total volatility	-1.08	1.84	-2.92
Sortino ratio Return per unit of downside risk	-2.05	2.47	-4.52
Omega ratio Gain probability vs. loss probability	0.77	1.30	-0.52
Calmar ratio Return relative to maximum drawdown	-0.98	3.21	-4.19
Martin ratio Return relative to average drawdown	-1.46	7.92	-9.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDQ vs. NVDA - Sharpe Ratio Comparison

The current NVDQ Sharpe Ratio is -1.08, which is lower than the NVDA Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of NVDQ and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NVDQ	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.08	1.84	-2.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.31	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.90	0.63	-1.53

Drawdowns

NVDQ vs. NVDA - Drawdown Comparison

The maximum NVDQ drawdown since its inception was -99.45%, which is greater than NVDA's maximum drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for NVDQ and NVDA.

Drawdown Indicators

	NVDQ	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-99.45%	-89.72%	-9.73%
Max Drawdown (1Y) Largest decline over 1 year	-73.67%	-20.21%	-53.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-99.40%	-5.48%	-93.92%
Average Drawdown Average peak-to-trough decline	-88.19%	-36.21%	-51.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.43%	8.20%	+42.23%

Volatility

NVDQ vs. NVDA - Volatility Comparison

T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a higher volatility of 24.53% compared to NVIDIA Corporation (NVDA) at 11.79%. This indicates that NVDQ's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDQ	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.53%	11.79%	+12.74%
Volatility (6M) Calculated over the trailing 6-month period	51.35%	25.29%	+26.06%
Volatility (1Y) Calculated over the trailing 1-year period	67.54%	34.03%	+33.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.47%	51.66%	+43.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.47%	49.80%	+45.67%

Dividends

NVDQ vs. NVDA - Dividend Comparison

NVDQ's dividend yield for the trailing twelve months is around 0.44%, more than NVDA's 0.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	0.44%	0.26%	4.59%	11.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDQ and NVDA in my portfolio?

NVDQ and NVDA have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDQ or NVDA?

NVDQ has higher volatility (24.53%) compared to NVDA (11.79%). In terms of maximum drawdown, NVDQ dropped -99.45% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (1.84 vs -1.08), 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.