NVDU vs. NVDL
Compare and contrast key facts about Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
NVDU and NVDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDU is an actively managed fund by Direxion. It was launched on Sep 13, 2023. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDU or NVDL.
Key characteristics
| NVDU | NVDL | |
|---|---|---|
| YTD Return | 373.73% | 439.60% |
| 1Y Return | 384.86% | 451.27% |
| Sharpe Ratio | 4.20 | 4.67 |
| Sortino Ratio | 3.42 | 3.61 |
| Omega Ratio | 1.45 | 1.47 |
| Calmar Ratio | 7.95 | 9.26 |
| Martin Ratio | 21.58 | 24.37 |
| Ulcer Index | 18.84% | 19.53% |
| Daily Std Dev | 97.00% | 101.96% |
| Max Drawdown | -51.13% | -51.40% |
| Current Drawdown | -4.81% | -5.48% |
Correlation
The correlation between NVDU and NVDL 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. NVDL - Performance Comparison
In the year-to-date period, NVDU achieves a 373.73% return, which is significantly lower than NVDL's 439.60% 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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NVDU vs. NVDL - Expense Ratio Comparison
NVDU has a 1.04% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
NVDU vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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. NVDL - Dividend Comparison
NVDU's dividend yield for the trailing twelve months is around 1.09%, less than NVDL's 2.09% yield.
| TTM | 2023 | |
|---|---|---|
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 1.09% | 0.64% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.09% | 11.29% |
Drawdowns
NVDU vs. NVDL - Drawdown Comparison
The maximum NVDU drawdown since its inception was -51.13%, roughly equal to the maximum NVDL drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for NVDU and NVDL. For additional features, visit the drawdowns tool.
Volatility
NVDU vs. NVDL - Volatility Comparison
Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and GraniteShares 2x Long NVDA Daily ETF (NVDL) have volatilities of 23.06% and 23.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.