NVDS vs. UVIX
Compare and contrast key facts about Tradr 1.25X NVDA Bear Daily ETF (NVDS) and Volatility Shares 2x Long VIX Futures ETF (UVIX).
NVDS and UVIX 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. UVIX is a passively managed fund by Volatility Shares that tracks the performance of the Long VIX Futures Index – Benchmark TR Gross (200%). It was launched on Mar 28, 2022. Both NVDS and UVIX 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 UVIX.
Key characteristics
| NVDS | UVIX | |
|---|---|---|
| YTD Return | -72.98% | -65.70% |
| 1Y Return | -77.30% | -82.75% |
| Sharpe Ratio | -1.11 | -0.53 |
| Daily Std Dev | 69.27% | 155.95% |
| Max Drawdown | -99.50% | -99.69% |
| Current Drawdown | -99.41% | -99.64% |
Correlation
The correlation between NVDS and UVIX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NVDS vs. UVIX - Performance Comparison
In the year-to-date period, NVDS achieves a -72.98% return, which is significantly lower than UVIX's -65.70% 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. UVIX - Expense Ratio Comparison
NVDS has a 1.15% expense ratio, which is lower than UVIX's 2.78% expense ratio.
Risk-Adjusted Performance
NVDS vs. UVIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1.25X NVDA Bear Daily ETF (NVDS) and Volatility Shares 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.
Dividends
NVDS vs. UVIX - Dividend Comparison
NVDS's dividend yield for the trailing twelve months is around 54.38%, while UVIX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
NVDS Tradr 1.25X NVDA Bear Daily ETF | 54.38% | 14.69% | 5.72% |
UVIX Volatility Shares 2x Long VIX Futures ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
NVDS vs. UVIX - Drawdown Comparison
The maximum NVDS drawdown since its inception was -99.50%, roughly equal to the maximum UVIX drawdown of -99.69%. Use the drawdown chart below to compare losses from any high point for NVDS and UVIX. For additional features, visit the drawdowns tool.
Volatility
NVDS vs. UVIX - Volatility Comparison
The current volatility for Tradr 1.25X NVDA Bear Daily ETF (NVDS) is 25.91%, while Volatility Shares 2x Long VIX Futures ETF (UVIX) has a volatility of 47.66%. 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.