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 27.95% vs -44.53% for BTC-USD. At a 0.19 correlation, their price movements are largely independent.
Performance
NVDU vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, NVDU achieves a -1.77% return, which is significantly higher than BTC-USD's -31.91% return.
NVDU
- 1D
- -3.21%
- 1M
- -18.95%
- YTD
- -1.77%
- 6M
- -4.20%
- 1Y
- 27.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -2.31%
- 1M
- -21.43%
- YTD
- -31.91%
- 6M
- -31.66%
- 1Y
- -44.53%
- 3Y*
- 25.32%
- 5Y*
- 13.04%
- 10Y*
- 56.92%
NVDU vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDU Direxion Daily NVDA Bull 2X Shares ETF | -1.77% | 33.65% | 289.29% | 12.08% |
BTC-USD Bitcoin | -31.91% | -6.27% | 120.76% | 63.65% |
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 13, 2023 | 0.19 |
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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.
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.
| NVDU | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.84 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | -0.85 | +1.52 |
| Martin ratioReturn relative to average drawdown | 1.44 | -1.45 | +2.89 |
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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.
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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% | -52.23% | +9.96% |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.23% | — |
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 | -33.10% | -52.23% | +19.13% |
Average DrawdownAverage peak-to-trough decline | -18.95% | -42.42% | +23.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.51% | 31.57% | -12.06% |
Volatility
NVDU vs. BTC-USD - Volatility Comparison
Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a higher volatility of 26.08% compared to Bitcoin (BTC-USD) at 12.44%. 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.
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Volatility by Period
| NVDU | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.08% | 12.44% | +13.64% |
Volatility (6M)Calculated over the trailing 6-month period | 52.69% | 34.75% | +17.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.35% | 35.63% | +34.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.91% | 44.15% | +46.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.91% | 56.40% | +34.51% |
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 (26.08%) compared to BTC-USD (12.44%). In terms of maximum drawdown, NVDU dropped -67.27% vs BTC-USD's -85.30%.
NVDU currently has the higher Sharpe Ratio (0.40 vs -1.04), 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.
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