NVDU vs. NVDA
Compare and contrast key facts about Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and NVIDIA Corporation (NVDA).
NVDU is an actively managed fund by Direxion. It was launched on Sep 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDU or NVDA.
Key characteristics
| NVDU | NVDA | |
|---|---|---|
| YTD Return | 380.69% | 195.43% |
| 1Y Return | 373.54% | 194.66% |
| Sharpe Ratio | 4.00 | 3.88 |
| Sortino Ratio | 3.36 | 3.90 |
| Omega Ratio | 1.44 | 1.50 |
| Calmar Ratio | 7.59 | 7.43 |
| Martin Ratio | 20.58 | 23.42 |
| Ulcer Index | 18.84% | 8.58% |
| Daily Std Dev | 96.92% | 51.77% |
| Max Drawdown | -51.13% | -89.73% |
| Current Drawdown | -3.41% | -1.75% |
Correlation
The correlation between NVDU and NVDA is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NVDU vs. NVDA - Performance Comparison
In the year-to-date period, NVDU achieves a 380.69% return, which is significantly higher than NVDA's 195.43% 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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Risk-Adjusted Performance
NVDU vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and NVIDIA Corporation (NVDA). 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
NVDU vs. NVDA - Dividend Comparison
NVDU's dividend yield for the trailing twelve months is around 1.08%, more than NVDA's 0.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 1.08% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% | 1.94% |
Drawdowns
NVDU vs. NVDA - Drawdown Comparison
The maximum NVDU drawdown since its inception was -51.13%, smaller than the maximum NVDA drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for NVDU and NVDA. For additional features, visit the drawdowns tool.
Volatility
NVDU vs. NVDA - Volatility Comparison
Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a higher volatility of 20.45% compared to NVIDIA Corporation (NVDA) at 10.22%. This indicates that NVDU's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.