PortfoliosLab logo
BITX vs. NVDU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BITX and NVDU is 0.32, 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.


-0.50.00.51.0
Correlation: 0.3

Performance

BITX vs. NVDU - Performance Comparison

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

100.00%200.00%300.00%400.00%500.00%600.00%700.00%NovemberDecember2025FebruaryMarchApril
418.77%
116.71%
BITX
NVDU

Key characteristics

Sharpe Ratio

BITX:

0.15

NVDU:

0.09

Sortino Ratio

BITX:

1.03

NVDU:

0.99

Omega Ratio

BITX:

1.12

NVDU:

1.12

Calmar Ratio

BITX:

0.26

NVDU:

0.15

Martin Ratio

BITX:

0.53

NVDU:

0.34

Ulcer Index

BITX:

30.17%

NVDU:

30.41%

Daily Std Dev

BITX:

110.14%

NVDU:

119.32%

Max Drawdown

BITX:

-61.28%

NVDU:

-67.27%

Current Drawdown

BITX:

-35.96%

NVDU:

-60.40%

Returns By Period

In the year-to-date period, BITX achieves a -12.69% return, which is significantly higher than NVDU's -49.37% return.


BITX

YTD

-12.69%

1M

8.82%

6M

45.19%

1Y

26.68%

5Y*

N/A

10Y*

N/A

NVDU

YTD

-49.37%

1M

-27.76%

6M

-55.94%

1Y

10.42%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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


BITX vs. NVDU - Expense Ratio Comparison

BITX has a 1.85% expense ratio, which is higher than NVDU's 1.04% expense ratio.


Expense ratio chart for BITX: current value is 1.85%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BITX: 1.85%
Expense ratio chart for NVDU: current value is 1.04%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
NVDU: 1.04%

Risk-Adjusted Performance

BITX vs. NVDU — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITX
The Risk-Adjusted Performance Rank of BITX is 4949
Overall Rank
The Sharpe Ratio Rank of BITX is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of BITX is 6969
Sortino Ratio Rank
The Omega Ratio Rank of BITX is 6161
Omega Ratio Rank
The Calmar Ratio Rank of BITX is 4646
Calmar Ratio Rank
The Martin Ratio Rank of BITX is 3535
Martin Ratio Rank

NVDU
The Risk-Adjusted Performance Rank of NVDU is 4545
Overall Rank
The Sharpe Ratio Rank of NVDU is 2929
Sharpe Ratio Rank
The Sortino Ratio Rank of NVDU is 6767
Sortino Ratio Rank
The Omega Ratio Rank of NVDU is 6262
Omega Ratio Rank
The Calmar Ratio Rank of NVDU is 3737
Calmar Ratio Rank
The Martin Ratio Rank of NVDU is 3030
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for BITX, currently valued at 0.14, compared to the broader market-1.000.001.002.003.004.00
BITX: 0.15
NVDU: 0.09
The chart of Sortino ratio for BITX, currently valued at 1.03, compared to the broader market-2.000.002.004.006.008.00
BITX: 1.03
NVDU: 0.99
The chart of Omega ratio for BITX, currently valued at 1.12, compared to the broader market0.501.001.502.00
BITX: 1.12
NVDU: 1.12
The chart of Calmar ratio for BITX, currently valued at 0.26, compared to the broader market0.002.004.006.008.0010.0012.00
BITX: 0.26
NVDU: 0.15
The chart of Martin ratio for BITX, currently valued at 0.53, compared to the broader market0.0020.0040.0060.00
BITX: 0.53
NVDU: 0.34

The current BITX Sharpe Ratio is 0.15, which is higher than the NVDU Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of BITX and NVDU, 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 Ratio0.001.002.003.004.005.00NovemberDecember2025FebruaryMarchApril
0.15
0.09
BITX
NVDU

Dividends

BITX vs. NVDU - Dividend Comparison

BITX's dividend yield for the trailing twelve months is around 13.99%, less than NVDU's 33.84% yield.


TTM20242023
BITX
Volatility Shares 2x Bitcoin Strategy ETF
13.99%10.70%0.00%
NVDU
Direxion Daily NVDA Bull 2X Shares ETF
33.84%16.85%0.64%

Drawdowns

BITX vs. NVDU - Drawdown Comparison

The maximum BITX drawdown since its inception was -61.28%, smaller than the maximum NVDU drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for BITX and NVDU. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-35.96%
-60.40%
BITX
NVDU

Volatility

BITX vs. NVDU - Volatility Comparison

The current volatility for Volatility Shares 2x Bitcoin Strategy ETF (BITX) is 33.48%, while Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a volatility of 49.60%. This indicates that BITX experiences smaller price fluctuations and is considered to be less risky than NVDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
33.48%
49.60%
BITX
NVDU