NVDS vs. SPY
Compare and contrast key facts about Tradr 1.25X NVDA Bear Daily ETF (NVDS) and SPDR S&P 500 ETF (SPY).
NVDS and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both NVDS and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDS or SPY.
Correlation
The correlation between NVDS and SPY 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. SPY - Performance Comparison
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Key characteristics
NVDS:
39.23%
SPY:
20.02%
NVDS:
-5.04%
SPY:
-55.19%
NVDS:
-3.88%
SPY:
-7.65%
Returns By Period
NVDS
N/A
N/A
N/A
N/A
N/A
N/A
SPY
-3.42%
5.69%
-5.06%
9.73%
16.26%
12.24%
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NVDS vs. SPY - Expense Ratio Comparison
NVDS has a 1.15% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
NVDS vs. SPY — Risk-Adjusted Performance Rank
NVDS
SPY
NVDS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
NVDS has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
NVDS vs. SPY - Drawdown Comparison
The maximum NVDS drawdown since its inception was -5.04%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for NVDS and SPY. For additional features, visit the drawdowns tool.
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Volatility
NVDS vs. SPY - Volatility Comparison
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