NVDS vs. NVDD
Compare and contrast key facts about Tradr 1.25X NVDA Bear Daily ETF (NVDS) and Direxion Daily NVDA Bear 1X Shares (NVDD).
NVDS and NVDD 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. NVDD is an actively managed fund by Direxion. It was launched on Sep 12, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDS or NVDD.
Key characteristics
| NVDS | NVDD | |
|---|---|---|
| YTD Return | -72.98% | -63.53% |
| 1Y Return | -77.30% | -68.17% |
| Sharpe Ratio | -1.11 | -1.31 |
| Daily Std Dev | 69.27% | 51.91% |
| Max Drawdown | -99.50% | -73.58% |
| Current Drawdown | -99.41% | -70.34% |
Correlation
The correlation between NVDS and NVDD 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
NVDS vs. NVDD - Performance Comparison
In the year-to-date period, NVDS achieves a -72.98% return, which is significantly lower than NVDD's -63.53% 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. NVDD - Expense Ratio Comparison
NVDS has a 1.15% expense ratio, which is higher than NVDD's 1.01% expense ratio.
Risk-Adjusted Performance
NVDS vs. NVDD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) and Direxion Daily NVDA Bear 1X Shares (NVDD). 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. NVDD - Dividend Comparison
NVDS's dividend yield for the trailing twelve months is around 54.38%, more than NVDD's 5.76% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | 54.38% | 14.69% | 5.72% |
NVDD Direxion Daily NVDA Bear 1X Shares | 5.76% | 1.31% | 0.00% |
Drawdowns
NVDS vs. NVDD - Drawdown Comparison
The maximum NVDS drawdown since its inception was -99.50%, which is greater than NVDD's maximum drawdown of -73.58%. Use the drawdown chart below to compare losses from any high point for NVDS and NVDD. For additional features, visit the drawdowns tool.
Volatility
NVDS vs. NVDD - Volatility Comparison
Tradr 1.25X NVDA Bear Daily ETF (NVDS) has a higher volatility of 25.91% compared to Direxion Daily NVDA Bear 1X Shares (NVDD) at 17.33%. This indicates that NVDS's price experiences larger fluctuations and is considered to be riskier than NVDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.