BITX vs. NVDU
Compare and contrast key facts about Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU).
BITX and NVDU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023. 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: BITX or NVDU.
Key characteristics
| BITX | NVDU | |
|---|---|---|
| YTD Return | 96.33% | 389.61% |
| 1Y Return | 135.56% | 423.65% |
| Sharpe Ratio | 1.31 | 4.44 |
| Sortino Ratio | 2.15 | 3.50 |
| Omega Ratio | 1.25 | 1.46 |
| Calmar Ratio | 2.40 | 8.41 |
| Martin Ratio | 4.53 | 22.83 |
| Ulcer Index | 32.51% | 18.84% |
| Daily Std Dev | 112.52% | 96.79% |
| Max Drawdown | -61.28% | -51.13% |
| Current Drawdown | -25.11% | -1.62% |
Correlation
The correlation between BITX and NVDU is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BITX vs. NVDU - Performance Comparison
In the year-to-date period, BITX achieves a 96.33% return, which is significantly lower than NVDU's 389.61% 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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BITX vs. NVDU - Expense Ratio Comparison
BITX has a 1.85% expense ratio, which is higher than NVDU's 1.04% expense ratio.
Risk-Adjusted Performance
BITX vs. NVDU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU). 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
BITX vs. NVDU - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 11.07%, more than NVDU's 1.06% yield.
| TTM | 2023 | |
|---|---|---|
BITX Volatility Shares 2x Bitcoin Strategy ETF | 11.07% | 0.00% |
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 1.06% | 0.64% |
Drawdowns
BITX vs. NVDU - Drawdown Comparison
The maximum BITX drawdown since its inception was -61.28%, which is greater than NVDU's maximum drawdown of -51.13%. Use the drawdown chart below to compare losses from any high point for BITX and NVDU. For additional features, visit the drawdowns tool.
Volatility
BITX vs. NVDU - Volatility Comparison
Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a higher volatility of 28.77% compared to Direxion Daily NVDA Bull 2X Shares ETF (NVDU) at 22.71%. This indicates that BITX's price experiences larger fluctuations and is considered to be riskier than NVDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.