NVDS vs. IXN
NVDS (Tradr 1.25X NVDA Bear Daily ETF) and IXN (iShares Global Tech ETF) are both exchange-traded funds - NVDS is a Inverse Equities fund tracking the NVIDIA Corporation (-125%), while IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index. Both are passively managed. Over the past 3 years, NVDS returned -62.36%/yr vs 32.94%/yr for IXN. At a correlation of -0.79, they often move in opposite directions. NVDS charges 1.15%/yr vs 0.46%/yr for IXN.
Performance
NVDS vs. IXN - Performance Comparison
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Returns By Period
In the year-to-date period, NVDS achieves a -18.53% return, which is significantly lower than IXN's 32.88% return.
NVDS
- 1D
- 6.24%
- 1M
- 8.67%
- YTD
- -18.53%
- 6M
- -16.59%
- 1Y
- -47.95%
- 3Y*
- -62.36%
- 5Y*
- —
- 10Y*
- —
IXN
- 1D
- -5.33%
- 1M
- 3.10%
- YTD
- 32.88%
- 6M
- 32.08%
- 1Y
- 59.88%
- 3Y*
- 32.94%
- 5Y*
- 20.94%
- 10Y*
- 25.29%
NVDS vs. IXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | -18.53% | -58.18% | -80.03% | -83.15% | -16.72% |
IXN iShares Global Tech ETF | 32.88% | 25.25% | 24.84% | 52.98% | -2.55% |
Correlation
The correlation between NVDS and IXN is -0.72, 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 | -0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | -0.79 |
The correlation between NVDS and IXN has been stable across timeframes, ranging from -0.79 to -0.72 - a consistent structural relationship.
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Return for Risk
NVDS vs. IXN — Risk / Return Rank
NVDS
IXN
NVDS vs. IXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) and iShares Global Tech ETF (IXN). 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 | IXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.29 | ||
| Sortino ratioReturn per unit of downside risk | -4.23 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.40 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 4.36 | -5.21 |
| Martin ratioReturn relative to average drawdown | -1.41 | 14.06 | -15.47 |
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Drawdowns
NVDS vs. IXN - Drawdown Comparison
The maximum NVDS drawdown since its inception was -99.40%, which is greater than IXN's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for NVDS and IXN.
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Drawdown Indicators
| NVDS | IXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -55.67% | -43.73% |
Max Drawdown (1Y)Largest decline over 1 year | -56.48% | -13.80% | -42.68% |
Max Drawdown (3Y)Largest decline over 3 years | -95.90% | -25.55% | -70.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.30% | — |
Current DrawdownCurrent decline from peak | -99.25% | -6.82% | -92.43% |
Average DrawdownAverage peak-to-trough decline | -83.59% | -11.26% | -72.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.37% | 4.27% | +32.10% |
Volatility
NVDS vs. IXN - Volatility Comparison
Tradr 1.25X NVDA Bear Daily ETF (NVDS) has a higher volatility of 20.03% compared to iShares Global Tech ETF (IXN) at 14.03%. This indicates that NVDS's price experiences larger fluctuations and is considered to be riskier than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDS | IXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.03% | 14.03% | +6.00% |
Volatility (6M)Calculated over the trailing 6-month period | 40.67% | 21.54% | +19.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.16% | 25.21% | +27.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.89% | 25.45% | +43.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.89% | 24.67% | +44.22% |
NVDS vs. IXN - Expense Ratio Comparison
NVDS has a 1.15% expense ratio, which is higher than IXN's 0.46% expense ratio.
Dividends
NVDS vs. IXN - Dividend Comparison
NVDS's dividend yield for the trailing twelve months is around 17.42%, more than IXN's 0.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.79% | 1.04% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% |
NVDS Tradr 1.25X NVDA Bear Daily ETF | 17.42% | 14.19% | 14.11% | 14.69% | 5.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVDS and IXN have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDS has higher volatility (20.03%) compared to IXN (14.03%). In terms of maximum drawdown, NVDS dropped -99.40% vs IXN's -55.67%.
On 3-year performance, IXN leads with 32.94% vs -62.36% for NVDS. On fees, IXN is cheaper at 0.46% per year. On volatility, IXN has been the lower-risk option at 14.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IXN has performed better with a 32.94% return vs -62.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXN is cheaper with a 0.46% expense ratio, compared with 1.15% for NVDS.
NVDS has the higher dividend yield at 17.42%, compared with 0.79% for IXN.
NVDS is categorized as Inverse Equities, while IXN is Technology Equities. NVDS tracks NVIDIA Corporation (-125%), while IXN tracks S&P Global Information Technology Sector Index. They also come from different issuers: AXS and iShares. Their fees differ too: 1.15% for NVDS and 0.46% for IXN.
IXN currently has the higher Sharpe Ratio (2.39 vs -0.90), 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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