NVDQ vs. NVDX
Compare and contrast key facts about T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX).
NVDQ and NVDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDQ is an actively managed fund by T-Rex. It was launched on Oct 18, 2023. NVDX is an actively managed fund by REX Shares. It was launched on Oct 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDQ or NVDX.
Correlation
The correlation between NVDQ and NVDX is -0.66. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
NVDQ vs. NVDX - Performance Comparison
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Key characteristics
NVDQ:
-0.69
NVDX:
0.18
NVDQ:
-1.21
NVDX:
1.15
NVDQ:
0.86
NVDX:
1.15
NVDQ:
-0.85
NVDX:
0.38
NVDQ:
-1.27
NVDX:
0.76
NVDQ:
65.56%
NVDX:
33.55%
NVDQ:
119.53%
NVDX:
119.60%
NVDQ:
-97.48%
NVDX:
-68.19%
NVDQ:
-97.48%
NVDX:
-43.83%
Returns By Period
In the year-to-date period, NVDQ achieves a -37.05% return, which is significantly lower than NVDX's -27.36% return.
NVDQ
-37.05%
-31.25%
-26.52%
-82.55%
N/A
N/A
NVDX
-27.36%
32.42%
-42.97%
21.61%
N/A
N/A
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NVDQ vs. NVDX - Expense Ratio Comparison
Both NVDQ and NVDX have an expense ratio of 1.05%.
Risk-Adjusted Performance
NVDQ vs. NVDX — Risk-Adjusted Performance Rank
NVDQ
NVDX
NVDQ vs. NVDX - Risk-Adjusted Performance 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 NVIDIA Daily Target ETF (NVDX). 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.
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Dividends
NVDQ vs. NVDX - Dividend Comparison
NVDQ's dividend yield for the trailing twelve months is around 7.27%, less than NVDX's 21.32% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | 7.27% | 4.58% | 11.60% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 21.32% | 15.49% | 0.00% |
Drawdowns
NVDQ vs. NVDX - Drawdown Comparison
The maximum NVDQ drawdown since its inception was -97.48%, which is greater than NVDX's maximum drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for NVDQ and NVDX. For additional features, visit the drawdowns tool.
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Volatility
NVDQ vs. NVDX - Volatility Comparison
T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX) have volatilities of 29.02% and 29.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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