NVDS vs. SPYG
NVDS (Tradr 1.25X NVDA Bear Daily ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - NVDS is a Inverse Equities fund tracking the NVIDIA Corporation (-125%), while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 3 years, NVDS returned -62.25%/yr vs 25.98%/yr for SPYG. Their -0.76 correlation means they have often moved in opposite directions in the past. NVDS charges 1.15%/yr vs 0.04%/yr for SPYG.
Performance
NVDS vs. SPYG - Performance Comparison
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Returns By Period
In the year-to-date period, NVDS achieves a -24.21% return, which is significantly lower than SPYG's 12.43% return.
NVDS
- 1D
- -4.24%
- 1M
- -10.37%
- 6M
- -24.26%
- YTD
- -24.21%
- 1Y
- -35.38%
- 3Y*
- -62.25%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -68.81%
SPYG
- 1D
- 2.15%
- 1M
- 2.10%
- 6M
- 11.46%
- YTD
- 12.43%
- 1Y
- 24.33%
- 3Y*
- 25.98%
- 5Y*
- 13.61%
- 10Y*
- 17.52%
- ALL TIME*
- 7.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.22M | $5.62M | $7.37M | |
| $323.67M | $273.71M | $308.17M |
NVDS vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | -24.21% | -58.18% | -80.03% | -83.15% | -16.72% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 12.43% | 22.09% | 35.99% | 30.02% | -3.92% |
Correlation
The correlation between NVDS and SPYG is -0.75, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.75 |
Correlation (3Y) Balances recent behavior with more history. | -0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | -0.76 |
The correlation between NVDS and SPYG has been stable across timeframes, ranging from -0.76 to -0.75 - a consistent structural relationship.
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Return for Risk
NVDS vs. SPYG — Risk / Return Rank
NVDS
SPYG
NVDS vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVDS | SPYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.24 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 1.78 | -2.53 |
| Martin ratioReturn relative to average drawdown | -1.44 | 6.45 | -7.89 |
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Drawdowns
NVDS vs. SPYG - Drawdown Comparison
The maximum NVDS drawdown since its inception was -99.40%, which is greater than SPYG's maximum drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for NVDS and SPYG.
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Drawdown Indicators
| NVDS | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -67.63% | -31.77% |
Max Drawdown (1Y)Largest decline over 1 year | -47.10% | -13.76% | -33.34% |
Max Drawdown (3Y)Largest decline over 3 years | -95.83% | -22.14% | -73.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.67% | — |
Current DrawdownCurrent decline from peak | -99.31% | -2.28% | -97.03% |
Average DrawdownAverage peak-to-trough decline | -84.02% | -24.20% | -59.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.60% | 3.78% | +20.82% |
Volatility
NVDS vs. SPYG - Volatility Comparison
Tradr 1.25X NVDA Bear Daily ETF (NVDS) has a higher volatility of 18.42% compared to State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) at 6.35%. This indicates that NVDS's price experiences larger fluctuations and is considered to be riskier than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDS | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.42% | 6.35% | +12.07% |
Volatility (6M)Calculated over the trailing 6-month period | 43.03% | 14.96% | +28.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.77% | 18.23% | +36.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.61% | 21.53% | +47.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.61% | 20.81% | +47.80% |
NVDS vs. SPYG - Expense Ratio Comparison
NVDS has a 1.15% expense ratio, which is higher than SPYG's 0.04% expense ratio.
Dividends
NVDS vs. SPYG - Dividend Comparison
NVDS's dividend yield for the trailing twelve months is around 18.72%, more than SPYG's 0.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | 18.72% | 14.19% | 14.11% | 14.69% | 5.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.48% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Frequently Asked Questions
NVDS and SPYG have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDS has higher volatility (18.42%) compared to SPYG (6.35%). In terms of maximum drawdown, NVDS dropped -99.40% vs SPYG's -67.63%.
On 3-year performance, SPYG leads with 25.98% vs -62.25% for NVDS. On fees, SPYG is cheaper at 0.04% per year. On volatility, SPYG has been the lower-risk option at 6.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SPYG has performed better with a 25.98% return vs -62.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYG is cheaper with a 0.04% expense ratio, compared with 1.15% for NVDS.
NVDS has the higher dividend yield at 18.72%, compared with 0.48% for SPYG.
NVDS is categorized as Inverse Equities, while SPYG is S&P 500. NVDS tracks NVIDIA Corporation (-125%), while SPYG tracks S&P 500 Growth Index. They also come from different issuers: AXS and State Street. Their fees differ too: 1.15% for NVDS and 0.04% for SPYG.
SPYG currently has the higher Sharpe Ratio (1.34 vs -0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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