PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
NVDU vs. USD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NVDU vs. USD

Last updated Jun 3, 2026

NVDU (Direxion Daily NVDA Bull 2X Shares ETF) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds. NVDU is actively managed, while USD is passively managed. Over the past year, NVDU returned 110.52% vs 300.04% for USD. Their correlation of 0.92 suggests significant overlap in exposure. NVDU charges 1.04%/yr vs 0.95%/yr for USD.

Performance

NVDU vs. USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and ProShares Ultra Semiconductors (USD). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, NVDU achieves a 29.37% return, which is significantly lower than USD's 116.46% return.

NVDU

1D
-1.47%
1M
23.27%
YTD
29.37%
6M
34.58%
1Y
110.52%
3Y*
—
5Y*
—
10Y*
—

USD

1D
4.76%
1M
45.27%
YTD
116.46%
6M
113.25%
1Y
300.04%
3Y*
128.54%
5Y*
71.52%
10Y*
62.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NVDU vs. USD - Yearly Performance Comparison

2026 (YTD)202520242023
NVDU
Direxion Daily NVDA Bull 2X Shares ETF		29.37%33.65%289.29%9.96%
USD
ProShares Ultra Semiconductors		116.46%62.08%139.64%30.38%

Correlation

The correlation between NVDU and USD is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Sep 14, 2023

0.92

The correlation between NVDU and USD has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

NVDU vs. USD - Sectors Allocation Comparison

Sectors
NVDU
USD

Technology

100.0%
27.4%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

0.0%

Financial Services

-

27.8%

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Utilities

-

-

Technology

NVDU
100.0%
USD
27.4%

Basic Materials

NVDU

-

USD

-

Communication Services

NVDU

-

USD

-

Consumer Cyclical

NVDU

-

USD

-

Consumer Defensive

NVDU

-

USD

-

Energy

NVDU

-

USD
0.0%

Financial Services

NVDU

-

USD
27.8%

Healthcare

NVDU

-

USD

-

Industrials

NVDU

-

USD

-

Real Estate

NVDU

-

USD

-

Utilities

NVDU

-

USD

-

Compare stocks, funds, or ETFs

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

Direxion Daily NVDA Bull 2X Shares ETF

ProShares Ultra Semiconductors

Often compared with NVDU:
NVDU vs. NVDLNVDU vs. SMHNVDU vs. NVDANVDU vs. NVDXNVDU vs. NVDDNVDU vs. MSFTNVDU vs. BTCI
Often compared with USD:
USD vs. SOXLUSD vs. SMHUSD vs. TQQQUSD vs. QQQUSD vs. SCHDUSD vs. SPYUSD vs. FNGO

Return for Risk

NVDU vs. USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NVDU
NVDU Risk / Return Rank: 4545
Overall Rank
NVDU Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
NVDU Sortino Ratio Rank: 4444
Sortino Ratio Rank
NVDU Omega Ratio Rank: 4141
Omega Ratio Rank
NVDU Calmar Ratio Rank: 5656
Calmar Ratio Rank
NVDU Martin Ratio Rank: 4040
Martin Ratio Rank
USD
USD Risk / Return Rank: 9292
Overall Rank
USD Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
USD Sortino Ratio Rank: 8787
Sortino Ratio Rank
USD Omega Ratio Rank: 8686
Omega Ratio Rank
USD Calmar Ratio Rank: 9696
Calmar Ratio Rank
USD Martin Ratio Rank: 9595
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVDU vs. 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 ProShares Ultra Semiconductors (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.

NVDUUSDDifference

Sharpe ratio

Return per unit of total volatility

1.64

4.94

-3.29

Sortino ratio

Return per unit of downside risk

2.21

3.98

-1.77

Omega ratio

Gain probability vs. loss probability

1.27

1.54

-0.27

Calmar ratio

Return relative to maximum drawdown

2.80

9.93

-7.13

Martin ratio

Return relative to average drawdown

6.42

28.78

-22.36

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDU vs. USD - Sharpe Ratio Comparison

The current NVDU Sharpe Ratio is 1.64, which is lower than the USD Sharpe Ratio of 4.94. The chart below compares the historical Sharpe Ratios of NVDU and USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

NVDUUSDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.64

4.94

-3.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.94

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.90

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.21

0.49

+0.71

Drawdowns

NVDU vs. USD - Drawdown Comparison

The maximum NVDU drawdown since its inception was -67.27%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for NVDU and USD.

Loading charts...

Drawdown Indicators

NVDUUSDDifference

Max Drawdown

Largest peak-to-trough decline

-67.27%

-88.63%

+21.36%

Max Drawdown (1Y)

Largest decline over 1 year

-42.27%

-31.80%

-10.47%

Max Drawdown (3Y)

Largest decline over 3 years

—

-64.46%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-77.85%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-77.85%

—

Current Drawdown

Current decline from peak

-11.89%

0.00%

-11.89%

Average Drawdown

Average peak-to-trough decline

-18.84%

-32.36%

+13.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.44%

10.97%

+7.47%

Volatility

NVDU vs. USD - Volatility Comparison

Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a higher volatility of 23.20% compared to ProShares Ultra Semiconductors (USD) at 20.29%. This indicates that NVDU's price experiences larger fluctuations and is considered to be riskier than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

NVDUUSDDifference

Volatility (1M)

Calculated over the trailing 1-month period

23.20%

20.29%

+2.91%

Volatility (6M)

Calculated over the trailing 6-month period

49.98%

46.37%

+3.61%

Volatility (1Y)

Calculated over the trailing 1-year period

67.67%

61.29%

+6.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

91.00%

76.56%

+14.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

91.00%

69.24%

+21.76%

NVDU vs. USD - Expense Ratio Comparison

NVDU has a 1.04% expense ratio, which is higher than USD's 0.95% expense ratio.

Dividends

NVDU vs. USD - Dividend Comparison

NVDU's dividend yield for the trailing twelve months is around 4.48%, more than USD's 0.21% yield.

PositionTTM20252024202320222021202020192018201720162015
NVDU
Direxion Daily NVDA Bull 2X Shares ETF		4.48%5.68%16.85%0.63%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
USD
ProShares Ultra Semiconductors		0.21%0.39%0.10%0.05%0.30%0.00%0.14%0.72%0.93%0.32%0.46%0.39%

Frequently Asked Questions

NVDU and USD have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NVDU has higher volatility (23.20%) compared to USD (20.29%). In terms of maximum drawdown, NVDU dropped -67.27% vs USD's -88.63%.

On 1-year performance, USD leads with 300.04% vs 110.52% for NVDU. On fees, USD is cheaper at 0.95% per year. On volatility, USD has been the lower-risk option at 20.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, USD has performed better with a 300.04% return vs 110.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USD is cheaper with a 0.95% expense ratio, compared with 1.04% for NVDU.

NVDU has the higher dividend yield at 4.48%, compared with 0.21% for USD.

They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.04% for NVDU and 0.95% for USD.

USD currently has the higher Sharpe Ratio (4.94 vs 1.64), 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.

Portfolio Optimizer

Find the right allocation for NVDU and USD

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer