NVDS vs. NVD
Compare and contrast key facts about Tradr 1.25X NVDA Bear Daily ETF (NVDS) and GraniteShares 2x Short NVDA Daily ETF (NVD).
NVDS and NVD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDS is a passively managed fund by AXS Investments that tracks the performance of the NVIDIA Corporation (-125%). It was launched on Jul 13, 2022. NVD is an actively managed fund by GraniteShares. It was launched on Aug 21, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDS or NVD.
Key characteristics
| NVDS | NVD | |
|---|---|---|
| YTD Return | -72.98% | -89.55% |
| 1Y Return | -77.30% | -91.67% |
| Sharpe Ratio | -1.11 | -0.92 |
| Daily Std Dev | 69.27% | 99.96% |
| Max Drawdown | -99.50% | -93.68% |
| Current Drawdown | -99.41% | -92.38% |
Correlation
The correlation between NVDS and NVD is 0.99, 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
NVDS vs. NVD - Performance Comparison
In the year-to-date period, NVDS achieves a -72.98% return, which is significantly higher than NVD's -89.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NVDS vs. NVD - Expense Ratio Comparison
NVDS has a 1.15% expense ratio, which is lower than NVD's 1.50% expense ratio.
Risk-Adjusted Performance
NVDS vs. NVD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) and GraniteShares 2x Short NVDA Daily ETF (NVD). 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
NVDS vs. NVD - Dividend Comparison
NVDS's dividend yield for the trailing twelve months is around 54.38%, less than NVD's 151.01% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | 54.38% | 14.69% | 5.72% |
NVD GraniteShares 2x Short NVDA Daily ETF | 151.01% | 15.78% | 0.00% |
Drawdowns
NVDS vs. NVD - Drawdown Comparison
The maximum NVDS drawdown since its inception was -99.50%, which is greater than NVD's maximum drawdown of -93.68%. Use the drawdown chart below to compare losses from any high point for NVDS and NVD. For additional features, visit the drawdowns tool.
Volatility
NVDS vs. NVD - Volatility Comparison
The current volatility for Tradr 1.25X NVDA Bear Daily ETF (NVDS) is 25.91%, while GraniteShares 2x Short NVDA Daily ETF (NVD) has a volatility of 34.92%. This indicates that NVDS experiences smaller price fluctuations and is considered to be less risky than NVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.