NVDQ vs. SPY
Compare and contrast key facts about T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) and SPDR S&P 500 ETF (SPY).
NVDQ and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDQ or SPY.
Correlation
The correlation between NVDQ and SPY is -0.63. 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. SPY - Performance Comparison
Key characteristics
NVDQ:
-0.78
SPY:
1.75
NVDQ:
-1.81
SPY:
2.36
NVDQ:
0.79
SPY:
1.32
NVDQ:
-0.92
SPY:
2.66
NVDQ:
-1.16
SPY:
11.01
NVDQ:
76.58%
SPY:
2.03%
NVDQ:
113.29%
SPY:
12.77%
NVDQ:
-96.91%
SPY:
-55.19%
NVDQ:
-96.66%
SPY:
-2.12%
Returns By Period
In the year-to-date period, NVDQ achieves a -16.42% return, which is significantly lower than SPY's 2.36% return.
NVDQ
-16.42%
4.13%
-35.14%
-84.83%
N/A
N/A
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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NVDQ vs. SPY - Expense Ratio Comparison
NVDQ has a 1.05% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
NVDQ vs. SPY — Risk-Adjusted Performance Rank
NVDQ
SPY
NVDQ vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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
NVDQ vs. SPY - Dividend Comparison
NVDQ's dividend yield for the trailing twelve months is around 5.48%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | 5.48% | 4.58% | 11.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NVDQ vs. SPY - Drawdown Comparison
The maximum NVDQ drawdown since its inception was -96.91%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NVDQ and SPY. For additional features, visit the drawdowns tool.
Volatility
NVDQ vs. SPY - Volatility Comparison
T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a higher volatility of 43.16% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that NVDQ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.