NVDS vs. RINC

Last updated Jun 3, 2026

NVDS (Tradr 1.25X NVDA Bear Daily ETF) and RINC (AXS Real Estate Income ETF) are both exchange-traded funds - NVDS is a Inverse Equities fund tracking the NVIDIA Corporation (-125%), while RINC is a REIT fund tracking the Gapstow Real Estate Income Index. Both are passively managed. At a correlation of -0.11, they often move in opposite directions. NVDS charges 1.15%/yr vs 0.89%/yr for RINC.

Performance

NVDS vs. RINC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 1.25X NVDA Bear Daily ETF (NVDS) and AXS Real Estate Income ETF (RINC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NVDS

• 1D: 1.18%
• 1M: -17.63%
• YTD: -29.31%
• 6M: -32.74%
• 1Y: -58.02%
• 3Y*: -65.20%
• 5Y*: —
• 10Y*: —

RINC

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NVDS vs. RINC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NVDS Tradr 1.25X NVDA Bear Daily ETF	-29.31%	-58.18%	-80.03%	-8.11%
RINC AXS Real Estate Income ETF	0.00%	7.75%	-5.74%	1.71%

Correlation

The correlation between NVDS and RINC is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (All Time) Calculated using the full available price history since Aug 29, 2023	-0.11

The correlation between NVDS and RINC shifts across timeframes, from -0.11 (all time) to 0.04 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NVDS vs. RINC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDS

NVDS Risk / Return Rank: 1
NVDS Sharpe Ratio Rank: 1
NVDS Sortino Ratio Rank: 1
NVDS Omega Ratio Rank: 1
NVDS Calmar Ratio Rank: 1
NVDS Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVDS vs. RINC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) and AXS Real Estate Income ETF (RINC). 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.

	NVDS	RINC	Difference
Sharpe ratio Return per unit of total volatility	-1.14	—	—
Sortino ratio Return per unit of downside risk	-1.91	—	—
Omega ratio Gain probability vs. loss probability	0.79	—	—
Calmar ratio Return relative to maximum drawdown	-0.97	—	—
Martin ratio Return relative to average drawdown	-1.53	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NVDS	RINC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.03	—	—

Drawdowns

Drawdown Indicators

	NVDS	RINC	Difference
Max Drawdown Largest peak-to-trough decline	-99.40%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-59.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-96.32%	—	—
Current Drawdown Current decline from peak	-99.35%	—	—
Average Drawdown Average peak-to-trough decline	-83.38%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	38.60%	—	—

Volatility

Volatility by Period

	NVDS	RINC	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	38.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	50.88%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.85%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.85%	—	—

NVDS vs. RINC - Expense Ratio Comparison

NVDS has a 1.15% expense ratio, which is higher than RINC's 0.89% expense ratio.

Dividends

NVDS vs. RINC - Dividend Comparison

NVDS's dividend yield for the trailing twelve months is around 20.07%, more than RINC's 2.16% yield.

Position	TTM	2025	2024	2023	2022
NVDS Tradr 1.25X NVDA Bear Daily ETF	20.07%	14.19%	14.11%	14.69%	5.72%
RINC AXS Real Estate Income ETF	2.16%	6.04%	10.85%	3.88%	0.00%

Frequently Asked Questions

Can I hold both NVDS and RINC in my portfolio?

NVDS and RINC have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDS or RINC?

On fees, RINC is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDS or RINC?

RINC is cheaper with a 0.89% expense ratio, compared with 1.15% for NVDS.

Which ETF pays a higher dividend yield, NVDS or RINC?

NVDS has the higher dividend yield at 20.07%, compared with 2.16% for RINC.

What is the main difference between NVDS and RINC?

NVDS is categorized as Inverse Equities, while RINC is REIT. NVDS tracks NVIDIA Corporation (-125%), while RINC tracks Gapstow Real Estate Income Index. Their fees differ too: 1.15% for NVDS and 0.89% for RINC.