NVDU vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and Bitcoin (BTC-USD).

NVDU is an actively managed fund by Direxion. It was launched on Sep 13, 2023.

Performance

NVDU vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

NVDU vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NVDU Direxion Daily NVDA Bull 2X Shares ETF	-16.24%	33.65%	289.29%	9.96%
BTC-USD Bitcoin	-21.63%	-6.27%	120.76%	61.24%

Returns By Period

In the year-to-date period, NVDU achieves a -16.24% return, which is significantly higher than BTC-USD's -21.63% return.

NVDU

• 1D: 1.74%
• 1M: -9.05%
• YTD: -16.24%
• 6M: -21.93%
• 1Y: 92.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: 0.51%
• 1M: -0.38%
• YTD: -21.63%
• 6M: -42.21%
• 1Y: -19.49%
• 3Y*: 34.49%
• 5Y*: 3.06%
• 10Y*: 66.45%

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

Return for Risk

NVDU vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDU

NVDU Risk / Return Rank: 67
NVDU Sharpe Ratio Rank: 62
NVDU Sortino Ratio Rank: 73
NVDU Omega Ratio Rank: 63
NVDU Calmar Ratio Rank: 80
NVDU Martin Ratio Rank: 54

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

NVDU vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and Bitcoin (BTC-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.

	NVDU	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	1.14	-0.44	+1.58
Sortino ratio Return per unit of downside risk	1.90	-0.38	+2.28
Omega ratio Gain probability vs. loss probability	1.24	0.96	+0.28
Calmar ratio Return relative to maximum drawdown	2.32	-1.11	+3.42
Martin ratio Return relative to average drawdown	5.54	-1.99	+7.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDU vs. BTC-USD - Sharpe Ratio Comparison

The current NVDU Sharpe Ratio is 1.14, which is higher than the BTC-USD Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of NVDU and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NVDU	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	-0.44	+1.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	1.19	-0.26

Correlation

The correlation between NVDU and BTC-USD is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

NVDU vs. BTC-USD - Drawdown Comparison

The maximum NVDU drawdown since its inception was -67.27%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for NVDU and BTC-USD.

Drawdown Indicators

	NVDU	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-67.27%	-85.30%	+18.03%
Max Drawdown (1Y) Largest decline over 1 year	-42.27%	-49.65%	+7.38%
Max Drawdown (5Y) Largest decline over 5 years	—	-76.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-34.90%	-45.02%	+10.12%
Average Drawdown Average peak-to-trough decline	-19.07%	-41.99%	+22.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.68%	27.60%	-9.92%

Volatility

NVDU vs. BTC-USD - Volatility Comparison

Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a higher volatility of 20.47% compared to Bitcoin (BTC-USD) at 13.58%. This indicates that NVDU's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDU	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.47%	13.58%	+6.89%
Volatility (6M) Calculated over the trailing 6-month period	51.19%	35.98%	+15.21%
Volatility (1Y) Calculated over the trailing 1-year period	81.98%	36.76%	+45.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.99%	46.90%	+45.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.99%	56.70%	+35.29%