NVDX vs. BBAI
NVDX (T-REX 2X Long NVIDIA Daily Target ETF) is Leveraged Equities fund actively managed by REX, while BBAI (BigBear.ai Holdings, Inc.) is a stock. Over the past year, NVDX returned 60.92% vs 11.95% for BBAI. At a 0.30 correlation, their price movements are largely independent.
Performance
NVDX vs. BBAI - Performance Comparison
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Returns By Period
In the year-to-date period, NVDX achieves a 9.58% return, which is significantly higher than BBAI's -20.19% return.
NVDX
- 1D
- -0.42%
- 1M
- -8.62%
- YTD
- 9.58%
- 6M
- 9.23%
- 1Y
- 60.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BBAI
- 1D
- 2.62%
- 1M
- 3.11%
- YTD
- -20.19%
- 6M
- -34.30%
- 1Y
- 11.95%
- 3Y*
- 28.32%
- 5Y*
- —
- 10Y*
- —
NVDX vs. BBAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 9.58% | 26.24% | 384.03% | 28.06% |
BBAI BigBear.ai Holdings, Inc. | -20.19% | 21.35% | 107.94% | 57.35% |
Correlation
The correlation between NVDX and BBAI is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.30 |
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Return for Risk
NVDX vs. BBAI — Risk / Return Rank
NVDX
BBAI
NVDX vs. BBAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and BigBear.ai Holdings, Inc. (BBAI). 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.
| NVDX | BBAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.10 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 0.18 | +1.22 |
| Martin ratioReturn relative to average drawdown | 3.14 | 0.31 | +2.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVDX | BBAI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.12 | +0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | -0.08 | +1.41 |
Drawdowns
NVDX vs. BBAI - Drawdown Comparison
The maximum NVDX drawdown since its inception was -68.19%, smaller than the maximum BBAI drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for NVDX and BBAI.
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Drawdown Indicators
| NVDX | BBAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.19% | -95.01% | +26.82% |
Max Drawdown (1Y)Largest decline over 1 year | -43.76% | -65.88% | +22.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -75.56% | — |
Current DrawdownCurrent decline from peak | -23.68% | -66.04% | +42.36% |
Average DrawdownAverage peak-to-trough decline | -20.27% | -70.87% | +50.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.47% | 38.69% | -19.22% |
Volatility
NVDX vs. BBAI - Volatility Comparison
T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 25.98% compared to BigBear.ai Holdings, Inc. (BBAI) at 24.69%. This indicates that NVDX's price experiences larger fluctuations and is considered to be riskier than BBAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDX | BBAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.98% | 24.69% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 52.60% | 56.30% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.45% | 97.07% | -27.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.62% | 174.91% | -79.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.62% | 174.91% | -79.29% |
Dividends
NVDX vs. BBAI - Dividend Comparison
NVDX's dividend yield for the trailing twelve months is around 3.06%, while BBAI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BBAI BigBear.ai Holdings, Inc. | 0.00% | 0.00% | 0.00% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 3.06% | 3.35% | 15.48% |
Frequently Asked Questions
NVDX and BBAI have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDX has higher volatility (25.98%) compared to BBAI (24.69%). In terms of maximum drawdown, NVDX dropped -68.19% vs BBAI's -95.01%.
NVDX currently has the higher Sharpe Ratio (0.88 vs 0.12), 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.
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