NVDS vs. USD
NVDS (Tradr 1.25X NVDA Bear Daily ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - NVDS is a Inverse Equities fund tracking the NVIDIA Corporation (-125%), while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 3 years, NVDS returned -62.25%/yr vs 95.45%/yr for USD. Their -0.91 correlation means they have often moved in opposite directions in the past. NVDS charges 1.15%/yr vs 0.95%/yr for USD.
Performance
NVDS vs. USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NVDS achieves a -24.21% return, which is significantly lower than USD's 55.27% 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%
USD
- 1D
- 3.34%
- 1M
- -7.07%
- 6M
- 41.04%
- YTD
- 55.27%
- 1Y
- 98.72%
- 3Y*
- 95.45%
- 5Y*
- 54.39%
- 10Y*
- 53.94%
- ALL TIME*
- 28.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.22M | $5.62M | $7.37M | |
| $71.31M | $70.59M | $96.20M |
NVDS vs. USD - 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% |
USD ProShares Ultra Semiconductors | 55.27% | 62.08% | 139.64% | 228.79% | -13.75% |
Correlation
The correlation between NVDS and USD is -0.84, 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. | -0.84 |
Correlation (3Y) Balances recent behavior with more history. | -0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | -0.91 |
The correlation between NVDS and USD has been stable across timeframes, ranging from -0.91 to -0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NVDS vs. USD — Risk / Return Rank
NVDS
USD
NVDS vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.24 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 2.52 | -3.28 |
| Martin ratioReturn relative to average drawdown | -1.44 | 7.21 | -8.65 |
Loading charts...
Drawdowns
NVDS vs. USD - Drawdown Comparison
The maximum NVDS drawdown since its inception was -99.40%, which is greater than USD's maximum drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for NVDS and USD.
Loading charts...
Drawdown Indicators
| NVDS | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -88.63% | -10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -47.10% | -39.33% | -7.77% |
Max Drawdown (3Y)Largest decline over 3 years | -95.83% | -64.46% | -31.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -99.31% | -28.27% | -71.04% |
Average DrawdownAverage peak-to-trough decline | -84.02% | -32.23% | -51.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.60% | 13.74% | +10.86% |
Volatility
NVDS vs. USD - Volatility Comparison
The current volatility for Tradr 1.25X NVDA Bear Daily ETF (NVDS) is 18.42%, while ProShares Ultra Semiconductors (USD) has a volatility of 27.45%. This indicates that NVDS experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NVDS | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.42% | 27.45% | -9.03% |
Volatility (6M)Calculated over the trailing 6-month period | 43.03% | 61.08% | -18.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.77% | 73.76% | -18.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.61% | 78.77% | -10.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.61% | 70.41% | -1.80% |
NVDS vs. USD - Expense Ratio Comparison
NVDS has a 1.15% expense ratio, which is higher than USD's 0.95% expense ratio.
Dividends
NVDS vs. USD - Dividend Comparison
NVDS's dividend yield for the trailing twelve months is around 18.72%, more than USD's 0.37% 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% |
USD ProShares Ultra Semiconductors | 0.37% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
NVDS and USD have a correlation of -0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (27.45%) compared to NVDS (18.42%). In terms of maximum drawdown, NVDS dropped -99.40% vs USD's -88.63%.
On 3-year performance, USD leads with 95.45% vs -62.25% for NVDS. On fees, USD is cheaper at 0.95% per year. On volatility, NVDS has been the lower-risk option at 18.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, USD has performed better with a 95.45% return vs -62.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USD is cheaper with a 0.95% expense ratio, compared with 1.15% for NVDS.
NVDS has the higher dividend yield at 18.72%, compared with 0.37% for USD.
NVDS is categorized as Inverse Equities, while USD is Leveraged Equities. NVDS tracks NVIDIA Corporation (-125%), while USD tracks Dow Jones U.S. Semiconductors Index (200%). They also come from different issuers: AXS and ProShares. Their fees differ too: 1.15% for NVDS and 0.95% for USD.
USD currently has the higher Sharpe Ratio (1.35 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.
Find the right allocation for NVDS and USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer