NVDS vs. EMTY
NVDS (Tradr 1.25X NVDA Bear Daily ETF) and EMTY (ProShares Decline of the Retail Store ETF) are both Inverse Equities funds - NVDS tracks the NVIDIA Corporation (-125%) while EMTY tracks the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%). Both are passively managed. Over the past 3 years, NVDS returned -62.25%/yr vs -4.31%/yr for EMTY. Their 0.23 correlation means their historical movements had little consistent relationship. NVDS charges 1.15%/yr vs 0.66%/yr for EMTY.
Performance
NVDS vs. EMTY - Performance Comparison
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Returns By Period
In the year-to-date period, NVDS achieves a -24.21% return, which is significantly lower than EMTY's -4.47% return.
NVDS
- 1D
- -4.24%
- 1M
- -10.37%
- 6M
- -24.26%
- YTD
- -24.21%
- 1Y
- -35.38%
- 3Y*
- -62.25%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -68.81%
EMTY
- 1D
- -2.25%
- 1M
- -2.95%
- 6M
- 1.80%
- YTD
- -4.47%
- 1Y
- -2.51%
- 3Y*
- -4.31%
- 5Y*
- -3.74%
- 10Y*
- —
- ALL TIME*
- -11.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.65K | $31.10K | $48.52K | |
| $5.22M | $5.62M | $7.37M |
NVDS vs. EMTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | -24.21% | -58.18% | -80.03% | -83.15% | -16.72% |
EMTY ProShares Decline of the Retail Store ETF | -4.47% | -1.76% | -4.13% | 0.27% | -9.34% |
Correlation
The correlation between NVDS and EMTY is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.23 |
The correlation between NVDS and EMTY shifts across timeframes, from -0.02 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NVDS vs. EMTY — Risk / Return Rank
NVDS
EMTY
NVDS vs. EMTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) and ProShares Decline of the Retail Store ETF (EMTY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVDS | EMTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.99 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.18 | -0.57 |
| Martin ratioReturn relative to average drawdown | -1.44 | -0.39 | -1.05 |
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Drawdowns
NVDS vs. EMTY - Drawdown Comparison
The maximum NVDS drawdown since its inception was -99.40%, which is greater than EMTY's maximum drawdown of -77.62%. Use the drawdown chart below to compare losses from any high point for NVDS and EMTY.
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Drawdown Indicators
| NVDS | EMTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -77.62% | -21.78% |
Max Drawdown (1Y)Largest decline over 1 year | -47.10% | -13.91% | -33.19% |
Max Drawdown (3Y)Largest decline over 3 years | -95.83% | -30.83% | -65.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.83% | — |
Current DrawdownCurrent decline from peak | -99.31% | -76.16% | -23.15% |
Average DrawdownAverage peak-to-trough decline | -84.02% | -54.66% | -29.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.60% | 6.52% | +18.08% |
Volatility
NVDS vs. EMTY - Volatility Comparison
Tradr 1.25X NVDA Bear Daily ETF (NVDS) has a higher volatility of 18.42% compared to ProShares Decline of the Retail Store ETF (EMTY) at 6.89%. This indicates that NVDS's price experiences larger fluctuations and is considered to be riskier than EMTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDS | EMTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.42% | 6.89% | +11.53% |
Volatility (6M)Calculated over the trailing 6-month period | 43.03% | 13.96% | +29.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.77% | 18.51% | +36.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.61% | 22.49% | +46.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.61% | 25.60% | +43.01% |
NVDS vs. EMTY - Expense Ratio Comparison
NVDS has a 1.15% expense ratio, which is higher than EMTY's 0.66% expense ratio.
Dividends
NVDS vs. EMTY - Dividend Comparison
NVDS's dividend yield for the trailing twelve months is around 18.72%, more than EMTY's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 3.41% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
NVDS Tradr 1.25X NVDA Bear Daily ETF | 18.72% | 14.19% | 14.11% | 14.69% | 5.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVDS and EMTY have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDS has higher volatility (18.42%) compared to EMTY (6.89%). In terms of maximum drawdown, NVDS dropped -99.40% vs EMTY's -77.62%.
On 3-year performance, EMTY leads with -4.31% vs -62.25% for NVDS. On fees, EMTY is cheaper at 0.66% per year. On volatility, EMTY has been the lower-risk option at 6.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EMTY has performed better with a -4.31% return vs -62.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EMTY is cheaper with a 0.66% expense ratio, compared with 1.15% for NVDS.
NVDS has the higher dividend yield at 18.72%, compared with 3.41% for EMTY.
NVDS tracks NVIDIA Corporation (-125%), while EMTY tracks Solactive-ProShares Bricks and Mortar Retail Store Index (-100%). They also come from different issuers: AXS and ProShares. Their fees differ too: 1.15% for NVDS and 0.66% for EMTY.
EMTY currently has the higher Sharpe Ratio (-0.14 vs -0.65), 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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