NVDU vs. BTC-USD
NVDU (Direxion Daily NVDA Bull 2X Shares ETF) is Leveraged Equities fund actively managed by Direxion, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, NVDU returned 72.28% vs -39.67% for BTC-USD. At a 0.18 correlation, their price movements are largely independent.
Performance
NVDU vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NVDU achieves a 9.80% return, which is significantly higher than BTC-USD's -29.97% return.
NVDU
- 1D
- -11.94%
- 1M
- -4.03%
- YTD
- 9.80%
- 6M
- 13.04%
- 1Y
- 72.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -3.97%
- 1M
- -24.76%
- YTD
- -29.97%
- 6M
- -31.42%
- 1Y
- -39.67%
- 3Y*
- 31.02%
- 5Y*
- 11.35%
- 10Y*
- 59.37%
NVDU vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 9.80% | 33.65% | 289.29% | 9.96% |
BTC-USD Bitcoin | -29.97% | -6.27% | 120.76% | 61.24% |
Correlation
The correlation between NVDU and BTC-USD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.18 |
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
NVDU vs. BTC-USD — Risk / Return Rank
NVDU
BTC-USD
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 ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.87 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | -0.78 | +2.50 |
| Martin ratioReturn relative to average drawdown | 3.91 | -1.39 | +5.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| NVDU | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | -0.93 | +1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 1.13 | -0.06 |
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.
Loading charts...
Drawdown Indicators
| NVDU | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.27% | -85.30% | +18.03% |
Max Drawdown (1Y)Largest decline over 1 year | -42.27% | -50.87% | +8.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -25.22% | -50.87% | +25.65% |
Average DrawdownAverage peak-to-trough decline | -18.84% | -42.29% | +23.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.56% | 34.02% | -15.46% |
Volatility
NVDU vs. BTC-USD - Volatility Comparison
Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a higher volatility of 26.09% compared to Bitcoin (BTC-USD) at 10.54%. 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.
Loading charts...
Volatility by Period
| NVDU | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.09% | 10.54% | +15.55% |
Volatility (6M)Calculated over the trailing 6-month period | 52.21% | 34.26% | +17.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.02% | 35.65% | +33.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.26% | 44.98% | +46.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.26% | 56.70% | +34.56% |
Frequently Asked Questions
NVDU and BTC-USD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDU has higher volatility (26.09%) compared to BTC-USD (10.54%). In terms of maximum drawdown, NVDU dropped -67.27% vs BTC-USD's -85.30%.
NVDU currently has the higher Sharpe Ratio (1.05 vs -0.93), 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 NVDU and BTC-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