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.
Key characteristics
| NVDS | NVDL | |
|---|---|---|
| YTD Return | -73.79% | 256.52% |
| 1Y Return | -77.70% | 310.69% |
| Sharpe Ratio | -1.12 | 3.12 |
| Daily Std Dev | 69.18% | 99.87% |
| Max Drawdown | -99.50% | -51.40% |
| Current Drawdown | -99.43% | -37.55% |
Correlation
The correlation between NVDS and NVDL is -0.98. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
NVDS vs. NVDL - Performance Comparison
In the year-to-date period, NVDS achieves a -73.79% return, which is significantly lower than NVDL's 256.52% 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. NVDL - Expense Ratio Comparison
Both NVDS and NVDL have an expense ratio of 1.15%.
Risk-Adjusted Performance
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.
Dividends
NVDS vs. NVDL - Dividend Comparison
NVDS's dividend yield for the trailing twelve months is around 56.04%, more than NVDL's 3.17% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | 56.04% | 14.69% | 5.72% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 3.17% | 11.29% | 0.00% |
Drawdowns
NVDS vs. NVDL - Drawdown Comparison
The maximum NVDS drawdown since its inception was -99.50%, which is greater than NVDL's maximum drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for NVDS and NVDL. For additional features, visit the drawdowns tool.
Volatility
NVDS vs. NVDL - Volatility Comparison
The current volatility for Tradr 1.25X NVDA Bear Daily ETF (NVDS) is 26.79%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 36.77%. This indicates that NVDS experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.