NVDS vs. NVDX
Compare and contrast key facts about Tradr 1.25X NVDA Bear Daily ETF (NVDS) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX).
NVDS and NVDX 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. NVDX is an actively managed fund by REX Shares. It was launched on Oct 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDS or NVDX.
Correlation
The correlation between NVDS and NVDX is -1.00. 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. NVDX - Performance Comparison
Key characteristics
NVDS:
-1.07
NVDX:
2.80
NVDS:
-2.19
NVDX:
2.91
NVDS:
0.75
NVDX:
1.36
NVDS:
-0.78
NVDX:
5.80
NVDS:
-1.29
NVDX:
14.43
NVDS:
60.63%
NVDX:
20.62%
NVDS:
73.15%
NVDX:
106.24%
NVDS:
-99.63%
NVDX:
-51.26%
NVDS:
-99.60%
NVDX:
-16.60%
Returns By Period
In the year-to-date period, NVDS achieves a -8.73% return, which is significantly lower than NVDX's 7.86% return.
NVDS
-8.73%
-8.10%
-34.02%
-76.85%
N/A
N/A
NVDX
7.86%
5.79%
6.67%
264.91%
N/A
N/A
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NVDS vs. NVDX - Expense Ratio Comparison
NVDS has a 1.15% expense ratio, which is higher than NVDX's 1.05% expense ratio.
Risk-Adjusted Performance
NVDS vs. NVDX — Risk-Adjusted Performance Rank
NVDS
NVDX
NVDS vs. NVDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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. NVDX - Dividend Comparison
NVDS's dividend yield for the trailing twelve months is around 15.46%, more than NVDX's 14.36% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | 15.46% | 14.11% | 14.69% | 5.72% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 14.36% | 15.49% | 0.00% | 0.00% |
Drawdowns
NVDS vs. NVDX - Drawdown Comparison
The maximum NVDS drawdown since its inception was -99.63%, which is greater than NVDX's maximum drawdown of -51.26%. Use the drawdown chart below to compare losses from any high point for NVDS and NVDX. For additional features, visit the drawdowns tool.
Volatility
NVDS vs. NVDX - Volatility Comparison
The current volatility for Tradr 1.25X NVDA Bear Daily ETF (NVDS) is 19.12%, while T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a volatility of 26.00%. This indicates that NVDS experiences smaller price fluctuations and is considered to be less risky than NVDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.