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 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NVDQ vs. SPY - Performance Comparison
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Key characteristics
NVDQ:
-0.69
SPY:
0.64
NVDQ:
-1.26
SPY:
1.16
NVDQ:
0.85
SPY:
1.17
NVDQ:
-0.86
SPY:
0.79
NVDQ:
-1.29
SPY:
3.04
NVDQ:
65.07%
SPY:
4.87%
NVDQ:
119.82%
SPY:
20.29%
NVDQ:
-97.71%
SPY:
-55.19%
NVDQ:
-97.69%
SPY:
-3.38%
Returns By Period
In the year-to-date period, NVDQ achieves a -42.32% return, which is significantly lower than SPY's 1.05% return.
NVDQ
-42.32%
-35.52%
-34.00%
-82.42%
N/A
N/A
SPY
1.05%
9.83%
0.15%
12.87%
17.33%
12.69%
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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.
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Dividends
NVDQ vs. SPY - Dividend Comparison
NVDQ's dividend yield for the trailing twelve months is around 7.94%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | 7.94% | 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 | 1.21% | 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 -97.71%, 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.
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Volatility
NVDQ vs. SPY - Volatility Comparison
T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a higher volatility of 30.01% compared to SPDR S&P 500 ETF (SPY) at 6.19%. 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.
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