NVDX vs. FDL
NVDX (T-REX 2X Long NVIDIA Daily Target ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - NVDX is a Leveraged Equities fund actively managed by REX, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. NVDX is actively managed, while FDL is passively managed. Over the past year, NVDX returned -0.09% vs 27.65% for FDL. Their -0.08 correlation means they have often moved in opposite directions in the past. NVDX charges 1.05%/yr vs 0.43%/yr for FDL.
Performance
NVDX vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, NVDX achieves a -2.69% return, which is significantly lower than FDL's 18.16% return.
NVDX
- 1D
- 5.58%
- 1M
- 3.93%
- 6M
- -5.82%
- YTD
- -2.69%
- 1Y
- -0.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 107.47%
FDL
- 1D
- 0.02%
- 1M
- 3.27%
- 6M
- 9.50%
- YTD
- 18.16%
- 1Y
- 27.65%
- 3Y*
- 18.28%
- 5Y*
- 13.98%
- 10Y*
- 11.09%
- ALL TIME*
- 8.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $52.24M | $50.06M | $42.95M | |
| $104.20M | $115.30M | $173.21M |
NVDX vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDX T-REX 2X Long NVIDIA Daily Target ETF | -2.69% | 26.24% | 384.03% | 28.06% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 18.16% | 14.79% | 17.98% | 9.41% |
Correlation
The correlation between NVDX and FDL is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | -0.08 |
The correlation between NVDX and FDL shifts across timeframes, from -0.27 (1 year) to -0.08 (all time), reflecting how their relationship changes across market environments.
NVDX vs. FDL - Sectors Allocation Comparison
Sectors
NVDX
FDL
Technology
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
Financial Services
-
Healthcare
-
Industrials
-
Real Estate
-
-
Utilities
-
Technology
NVDX
FDL
Basic Materials
NVDX
-
FDL
Communication Services
NVDX
-
FDL
Consumer Cyclical
NVDX
-
FDL
Consumer Defensive
NVDX
-
FDL
Energy
NVDX
-
FDL
Financial Services
NVDX
-
FDL
Healthcare
NVDX
-
FDL
Industrials
NVDX
-
FDL
Real Estate
NVDX
-
FDL
-
Utilities
NVDX
-
FDL
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Return for Risk
NVDX vs. FDL — Risk / Return Rank
NVDX
FDL
NVDX vs. FDL - 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 First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVDX | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.39 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 6.29 | -6.40 |
| Martin ratioReturn relative to average drawdown | -0.22 | 14.86 | -15.08 |
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Drawdowns
NVDX vs. FDL - Drawdown Comparison
The maximum NVDX drawdown since its inception was -68.19%, roughly equal to the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for NVDX and FDL.
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Drawdown Indicators
| NVDX | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.19% | -65.93% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -43.76% | -4.27% | -39.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | -32.22% | -1.96% | -30.26% |
Average DrawdownAverage peak-to-trough decline | -20.74% | -9.59% | -11.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.46% | 1.81% | +20.65% |
Volatility
NVDX vs. FDL - Volatility Comparison
T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 24.18% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 4.96%. This indicates that NVDX's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDX | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.18% | 4.96% | +19.22% |
Volatility (6M)Calculated over the trailing 6-month period | 56.63% | 8.97% | +47.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.80% | 11.95% | +60.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.85% | 14.44% | +80.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.85% | 17.16% | +77.69% |
NVDX vs. FDL - Expense Ratio Comparison
NVDX has a 1.05% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
NVDX vs. FDL - Dividend Comparison
NVDX's dividend yield for the trailing twelve months is around 3.44%, less than FDL's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.59% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 3.44% | 3.35% | 15.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVDX and FDL have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDX has higher volatility (24.18%) compared to FDL (4.96%). In terms of maximum drawdown, NVDX dropped -68.19% vs FDL's -65.93%.
On 1-year performance, FDL leads with 27.65% vs -0.09% for NVDX. On fees, FDL is cheaper at 0.43% per year. On volatility, FDL has been the lower-risk option at 4.96%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FDL has performed better with a 27.65% return vs -0.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.43% expense ratio, compared with 1.05% for NVDX.
FDL has the higher dividend yield at 3.59%, compared with 3.44% for NVDX.
NVDX is categorized as Leveraged Equities, while FDL is Large Cap Value Equities. They also come from different issuers: REX and First Trust. Their fees differ too: 1.05% for NVDX and 0.43% for FDL.
FDL currently has the higher Sharpe Ratio (2.26 vs -0.07), 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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