NVDS vs. UVIX

Last updated Jun 23, 2026

NVDS (Tradr 1.25X NVDA Bear Daily ETF) and UVIX (2x Long VIX Futures ETF) are both exchange-traded funds - NVDS is a Inverse Equities fund tracking the NVIDIA Corporation (-125%), while UVIX is a Volatility fund tracking the Long VIX Futures Index (200% Daily). Both are passively managed. Over the past 3 years, NVDS returned -63.11%/yr vs -81.44%/yr for UVIX. At a 0.49 correlation, their price movements are largely independent. NVDS charges 1.15%/yr vs 2.78%/yr for UVIX.

Performance

NVDS vs. UVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 1.25X NVDA Bear Daily ETF (NVDS) and 2x Long VIX Futures ETF (UVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDS achieves a -23.31% return, which is significantly higher than UVIX's -42.56% return.

NVDS

• 1D: 1.27%
• 1M: 2.29%
• YTD: -23.31%
• 6M: -25.07%
• 1Y: -51.18%
• 3Y*: -63.11%
• 5Y*: —
• 10Y*: —

UVIX

• 1D: -0.61%
• 1M: -28.85%
• YTD: -42.56%
• 6M: -44.31%
• 1Y: -88.31%
• 3Y*: -81.44%
• 5Y*: —
• 10Y*: —

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

NVDS vs. UVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NVDS Tradr 1.25X NVDA Bear Daily ETF	-23.31%	-58.18%	-80.03%	-83.15%	-16.72%
UVIX 2x Long VIX Futures ETF	-42.56%	-83.21%	-75.24%	-95.28%	-62.06%

Correlation

The correlation between NVDS and UVIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022	0.49

Return for Risk

NVDS vs. UVIX — 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: 2
NVDS Calmar Ratio Rank: 1
NVDS Martin Ratio Rank: 1

UVIX

UVIX Risk / Return Rank: 1
UVIX Sharpe Ratio Rank: 3
UVIX Sortino Ratio Rank: 1
UVIX Omega Ratio Rank: 1
UVIX Calmar Ratio Rank: 0
UVIX Martin Ratio Rank: 2

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. UVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) and 2x Long VIX Futures ETF (UVIX). 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	UVIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.97	-0.79	-0.18
Sortino ratio: Return per unit of downside risk	-1.48	-1.91	+0.43
Omega ratio: Gain probability vs. loss probability	0.84	0.79	+0.05
Calmar ratio: Return relative to maximum drawdown	-0.88	-1.00	+0.12
Martin ratio: Return relative to average drawdown	-1.41	-1.31	-0.11

NVDS vs. UVIX - Sharpe Ratio Comparison

The current NVDS Sharpe Ratio is -0.97, which is comparable to the UVIX Sharpe Ratio of -0.79. The chart below compares the historical Sharpe Ratios of NVDS and UVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NVDS vs. UVIX - Drawdown Comparison

The maximum NVDS drawdown since its inception was -99.40%, roughly equal to the maximum UVIX drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for NVDS and UVIX.

Drawdown Indicators

	NVDS	UVIX	Difference
Max Drawdown Largest peak-to-trough decline	-99.40%	-99.98%	+0.58%
Max Drawdown (1Y) Largest decline over 1 year	-58.10%	-88.01%	+29.91%
Max Drawdown (3Y) Largest decline over 3 years	-95.90%	-99.36%	+3.46%
Current Drawdown Current decline from peak	-99.30%	-99.97%	+0.67%
Average Drawdown Average peak-to-trough decline	-83.57%	-88.57%	+5.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.46%	68.31%	-31.85%

Volatility

NVDS vs. UVIX - Volatility Comparison

The current volatility for Tradr 1.25X NVDA Bear Daily ETF (NVDS) is 19.35%, while 2x Long VIX Futures ETF (UVIX) has a volatility of 32.16%. This indicates that NVDS experiences smaller price fluctuations and is considered to be less risky than UVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDS	UVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.35%	32.16%	-12.81%
Volatility (6M) Calculated over the trailing 6-month period	40.24%	86.97%	-46.73%
Volatility (1Y) Calculated over the trailing 1-year period	52.87%	112.38%	-59.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.84%	136.08%	-67.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.84%	136.08%	-67.24%

NVDS vs. UVIX - Expense Ratio Comparison

NVDS has a 1.15% expense ratio, which is lower than UVIX's 2.78% expense ratio.

Dividends

NVDS vs. UVIX - Dividend Comparison

NVDS's dividend yield for the trailing twelve months is around 18.50%, while UVIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
NVDS Tradr 1.25X NVDA Bear Daily ETF	18.50%	14.19%	14.11%	14.69%	5.72%
UVIX 2x Long VIX Futures ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDS and UVIX in my portfolio?

NVDS and UVIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDS or UVIX?

UVIX has higher volatility (32.16%) compared to NVDS (19.35%). In terms of maximum drawdown, NVDS dropped -99.40% vs UVIX's -99.98%.

Which ETF is better, NVDS or UVIX?

On 3-year performance, NVDS leads with -63.11% vs -81.44% for UVIX. On fees, NVDS is cheaper at 1.15% per year. On volatility, NVDS has been the lower-risk option at 19.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDS or UVIX?

Over the 3-year period, NVDS has performed better with a -63.11% return vs -81.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDS or UVIX?

NVDS is cheaper with a 1.15% expense ratio, compared with 2.78% for UVIX.

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

NVDS has the higher dividend yield at 18.50%, compared with 0.00% for UVIX.

What is the main difference between NVDS and UVIX?

NVDS is categorized as Inverse Equities, while UVIX is Volatility. NVDS tracks NVIDIA Corporation (-125%), while UVIX tracks Long VIX Futures Index (200% Daily). They also come from different issuers: AXS and Volatility Shares. Their fees differ too: 1.15% for NVDS and 2.78% for UVIX.

Which has better risk-adjusted returns?

UVIX currently has the higher Sharpe Ratio (-0.79 vs -0.97), 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.