NVDS vs. NVDL
Compare and contrast key facts about Tradr 1.25X NVDA Bear Daily ETF (NVDS) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
NVDS and NVDL 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. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDS or NVDL.
Correlation
The correlation between NVDS and NVDL is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NVDS vs. NVDL - Performance Comparison
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Key characteristics
NVDS:
39.23%
NVDL:
55.58%
NVDS:
-5.04%
NVDL:
-1.41%
NVDS:
-3.88%
NVDL:
-1.41%
Returns By Period
NVDS
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NVDL
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NVDS vs. NVDL - Expense Ratio Comparison
Both NVDS and NVDL have an expense ratio of 1.15%.
Risk-Adjusted Performance
NVDS vs. NVDL — Risk-Adjusted Performance Rank
NVDS
NVDL
NVDS vs. NVDL - 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 Long NVDA Daily ETF (NVDL). 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.
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Dividends
NVDS vs. NVDL - Dividend Comparison
Neither NVDS nor NVDL has paid dividends to shareholders.
Drawdowns
NVDS vs. NVDL - Drawdown Comparison
The maximum NVDS drawdown since its inception was -5.04%, which is greater than NVDL's maximum drawdown of -1.41%. Use the drawdown chart below to compare losses from any high point for NVDS and NVDL. For additional features, visit the drawdowns tool.
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Volatility
NVDS vs. NVDL - Volatility Comparison
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