NVDS vs. IYW
NVDS (Tradr 1.25X NVDA Bear Daily ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - NVDS is a Inverse Equities fund tracking the NVIDIA Corporation (-125%), while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. Both are passively managed. Over the past 3 years, NVDS returned -61.55%/yr vs 30.38%/yr for IYW. At a correlation of -0.80, they often move in opposite directions. NVDS charges 1.15%/yr vs 0.38%/yr for IYW.
Performance
NVDS vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, NVDS achieves a -21.24% return, which is significantly lower than IYW's 22.66% return.
NVDS
- 1D
- 5.35%
- 1M
- -0.21%
- 6M
- -22.24%
- YTD
- -21.24%
- 1Y
- -38.07%
- 3Y*
- -61.55%
- 5Y*
- —
- 10Y*
- —
IYW
- 1D
- -2.12%
- 1M
- 0.00%
- 6M
- 21.00%
- YTD
- 22.66%
- 1Y
- 39.98%
- 3Y*
- 30.38%
- 5Y*
- 19.51%
- 10Y*
- 25.18%
NVDS vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | -21.24% | -58.18% | -80.03% | -83.15% | -16.72% |
IYW iShares U.S. Technology ETF | 22.66% | 25.38% | 30.25% | 65.44% | -7.72% |
Correlation
The correlation between NVDS and IYW 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 | -0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | -0.80 |
The correlation between NVDS and IYW has been stable across timeframes, ranging from -0.80 to -0.72 - a consistent structural relationship.
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Return for Risk
NVDS vs. IYW — Risk / Return Rank
NVDS
IYW
NVDS vs. IYW - 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 U.S. Technology ETF (IYW). 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 | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.30 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.26 | -3.04 |
| Martin ratioReturn relative to average drawdown | -1.51 | 7.02 | -8.52 |
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Drawdowns
NVDS vs. IYW - Drawdown Comparison
The maximum NVDS drawdown since its inception was -99.40%, which is greater than IYW's maximum drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for NVDS and IYW.
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Drawdown Indicators
| NVDS | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -81.90% | -17.50% |
Max Drawdown (1Y)Largest decline over 1 year | -48.88% | -17.81% | -31.07% |
Max Drawdown (3Y)Largest decline over 3 years | -95.83% | -26.47% | -69.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -99.28% | -5.81% | -93.47% |
Average DrawdownAverage peak-to-trough decline | -83.79% | -34.54% | -49.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.28% | 5.71% | +19.57% |
Volatility
NVDS vs. IYW - Volatility Comparison
Tradr 1.25X NVDA Bear Daily ETF (NVDS) has a higher volatility of 16.55% compared to iShares U.S. Technology ETF (IYW) at 9.81%. This indicates that NVDS's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDS | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 9.81% | +6.74% |
Volatility (6M)Calculated over the trailing 6-month period | 41.40% | 19.23% | +22.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.61% | 22.98% | +30.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.71% | 26.36% | +42.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.71% | 25.29% | +43.42% |
NVDS vs. IYW - Expense Ratio Comparison
NVDS has a 1.15% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
NVDS vs. IYW - Dividend Comparison
NVDS's dividend yield for the trailing twelve months is around 18.02%, more than IYW's 0.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.10% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
NVDS Tradr 1.25X NVDA Bear Daily ETF | 18.02% | 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 IYW 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 (16.55%) compared to IYW (9.81%). In terms of maximum drawdown, NVDS dropped -99.40% vs IYW's -81.90%.
On 3-year performance, IYW leads with 30.38% vs -61.55% for NVDS. On fees, IYW is cheaper at 0.38% per year. On volatility, IYW has been the lower-risk option at 9.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IYW has performed better with a 30.38% return vs -61.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYW is cheaper with a 0.38% expense ratio, compared with 1.15% for NVDS.
NVDS has the higher dividend yield at 18.02%, compared with 0.10% for IYW.
NVDS is categorized as Inverse Equities, while IYW is Technology Equities. NVDS tracks NVIDIA Corporation (-125%), while IYW tracks Russell 1000 Technology RIC 22.5/45 Capped Index. They also come from different issuers: AXS and iShares. Their fees differ too: 1.15% for NVDS and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (1.75 vs -0.71), 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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