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.
Key characteristics
| NVDS | SPY | |
|---|---|---|
| YTD Return | -74.95% | 18.37% |
| 1Y Return | -77.72% | 26.96% |
| Sharpe Ratio | -1.12 | 2.14 |
| Daily Std Dev | 69.25% | 12.67% |
| Max Drawdown | -99.50% | -55.19% |
| Current Drawdown | -99.45% | -1.02% |
Correlation
The correlation between NVDS and SPY is -0.68. 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. SPY - Performance Comparison
In the year-to-date period, NVDS achieves a -74.95% return, which is significantly lower than SPY's 18.37% 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. 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 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.
Dividends
NVDS vs. SPY - Dividend Comparison
NVDS's dividend yield for the trailing twelve months is around 58.65%, more than SPY's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | 58.65% | 14.69% | 5.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
NVDS vs. SPY - Drawdown Comparison
The maximum NVDS drawdown since its inception was -99.50%, which is greater than SPY's maximum 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.
Volatility
NVDS vs. SPY - Volatility Comparison
Tradr 1.25X NVDA Bear Daily ETF (NVDS) has a higher volatility of 27.44% compared to SPDR S&P 500 ETF (SPY) at 4.24%. This indicates that NVDS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.