NVDU vs. SMH
Compare and contrast key facts about Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and VanEck Vectors Semiconductor ETF (SMH).
NVDU and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDU or SMH.
Key characteristics
| NVDU | SMH | |
|---|---|---|
| YTD Return | 380.69% | 41.61% |
| 1Y Return | 373.54% | 54.65% |
| Sharpe Ratio | 4.00 | 1.73 |
| Sortino Ratio | 3.36 | 2.24 |
| Omega Ratio | 1.44 | 1.30 |
| Calmar Ratio | 7.59 | 2.39 |
| Martin Ratio | 20.58 | 6.56 |
| Ulcer Index | 18.84% | 9.05% |
| Daily Std Dev | 96.92% | 34.39% |
| Max Drawdown | -51.13% | -95.73% |
| Current Drawdown | -3.41% | -11.96% |
Correlation
The correlation between NVDU and SMH is 0.84, 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. SMH - Performance Comparison
In the year-to-date period, NVDU achieves a 380.69% return, which is significantly higher than SMH's 41.61% 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. SMH - Expense Ratio Comparison
NVDU has a 1.04% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
NVDU vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
NVDU's dividend yield for the trailing twelve months is around 1.08%, more than SMH's 0.42% 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% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
NVDU vs. SMH - Drawdown Comparison
The maximum NVDU drawdown since its inception was -51.13%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for NVDU and SMH. For additional features, visit the drawdowns tool.
Volatility
NVDU vs. SMH - Volatility Comparison
Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a higher volatility of 20.45% compared to VanEck Vectors Semiconductor ETF (SMH) at 7.71%. This indicates that NVDU's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.