PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
NVDU vs. NVDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NVDU and NVDX is 0.99, 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.


-0.50.00.51.01.0

Performance

NVDU vs. NVDX - Performance Comparison

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

200.00%300.00%400.00%500.00%600.00%700.00%JulyAugustSeptemberOctoberNovemberDecember
350.35%
500.61%
NVDU
NVDX

Key characteristics

Sharpe Ratio

NVDU:

2.56

NVDX:

3.23

Sortino Ratio

NVDU:

2.78

NVDX:

3.11

Omega Ratio

NVDU:

1.35

NVDX:

1.39

Calmar Ratio

NVDU:

4.96

NVDX:

6.62

Martin Ratio

NVDU:

13.18

NVDX:

17.05

Ulcer Index

NVDU:

19.23%

NVDX:

19.89%

Daily Std Dev

NVDU:

98.86%

NVDX:

104.95%

Max Drawdown

NVDU:

-51.13%

NVDX:

-51.26%

Current Drawdown

NVDU:

-27.55%

NVDX:

-27.67%

Returns By Period

In the year-to-date period, NVDU achieves a 260.55% return, which is significantly lower than NVDX's 352.78% return.


NVDU

YTD

260.55%

1M

-17.78%

6M

-26.70%

1Y

259.05%

5Y*

N/A

10Y*

N/A

NVDX

YTD

352.78%

1M

-17.37%

6M

-27.67%

1Y

349.52%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


NVDU vs. NVDX - Expense Ratio Comparison

NVDU has a 1.04% expense ratio, which is lower than NVDX's 1.05% expense ratio.


NVDX
T-REX 2X Long NVIDIA Daily Target ETF
Expense ratio chart for NVDX: current value at 1.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.05%
Expense ratio chart for NVDU: current value at 1.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.04%

Risk-Adjusted Performance

NVDU vs. NVDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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.


Sharpe ratio
The chart of Sharpe ratio for NVDU, currently valued at 2.56, compared to the broader market0.002.004.002.563.23
The chart of Sortino ratio for NVDU, currently valued at 2.78, compared to the broader market-2.000.002.004.006.008.0010.002.783.11
The chart of Omega ratio for NVDU, currently valued at 1.35, compared to the broader market0.501.001.502.002.503.001.351.39
The chart of Calmar ratio for NVDU, currently valued at 4.96, compared to the broader market0.005.0010.0015.004.966.62
The chart of Martin ratio for NVDU, currently valued at 13.18, compared to the broader market0.0020.0040.0060.0080.00100.0013.1817.05
NVDU
NVDX

The current NVDU Sharpe Ratio is 2.56, which is comparable to the NVDX Sharpe Ratio of 3.23. The chart below compares the historical Sharpe Ratios of NVDU and NVDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio3.004.005.006.007.00Oct 27Nov 03Nov 10Nov 17Nov 24DecemberDec 08Dec 15
2.56
3.23
NVDU
NVDX

Dividends

NVDU vs. NVDX - Dividend Comparison

NVDU's dividend yield for the trailing twelve months is around 17.53%, while NVDX has not paid dividends to shareholders.


TTM2023
NVDU
Direxion Daily NVDA Bull 2X Shares ETF
17.53%0.64%
NVDX
T-REX 2X Long NVIDIA Daily Target ETF
0.00%0.00%

Drawdowns

NVDU vs. NVDX - Drawdown Comparison

The maximum NVDU drawdown since its inception was -51.13%, roughly equal to the maximum NVDX drawdown of -51.26%. Use the drawdown chart below to compare losses from any high point for NVDU and NVDX. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-27.55%
-27.67%
NVDU
NVDX

Volatility

NVDU vs. NVDX - Volatility Comparison

Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX) have volatilities of 21.47% and 21.45%, 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.


15.00%20.00%25.00%30.00%35.00%40.00%45.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
21.47%
21.45%
NVDU
NVDX
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab