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NVDX vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NVDX vs. HDV

Last updated Jun 23, 2026

NVDX (T-REX 2X Long NVIDIA Daily Target ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - NVDX is a Leveraged Equities fund actively managed by REX, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. NVDX is actively managed, while HDV is passively managed. Over the past year, NVDX returned 58.04% vs 19.54% for HDV. At a correlation of -0.10, they often move in opposite directions. NVDX charges 1.05%/yr vs 0.08%/yr for HDV.

Performance

NVDX vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NVDX achieves a 8.64% return, which is significantly lower than HDV's 12.57% return.

NVDX

1D
-1.74%
1M
-8.51%
YTD
8.64%
6M
11.25%
1Y
58.04%
3Y*
—
5Y*
—
10Y*
—

HDV

1D
0.15%
1M
-2.65%
YTD
12.57%
6M
12.67%
1Y
19.54%
3Y*
14.97%
5Y*
10.90%
10Y*
9.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NVDX vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023
NVDX
T-REX 2X Long NVIDIA Daily Target ETF		8.64%26.24%384.03%28.06%
HDV
iShares Core High Dividend ETF		12.57%11.90%14.16%4.83%

Correlation

The correlation between NVDX and HDV is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.24

Correlation (All Time)
Calculated using the full available price history since Oct 19, 2023

-0.10

The correlation between NVDX and HDV shifts across timeframes, from -0.24 (1 year) to -0.10 (all time), reflecting how their relationship changes across market environments.

NVDX vs. HDV - Sectors Allocation Comparison

Sectors
NVDX
HDV

Technology

100.0%
0.2%

Basic Materials

-

0.8%

Communication Services

-

5.7%

Consumer Cyclical

-

9.2%

Consumer Defensive

-

24.5%

Energy

-

20.2%

Financial Services

-

4.7%

Healthcare

-

22.6%

Industrials

-

3.5%

Real Estate

-

-

Utilities

-

8.1%

Technology

NVDX
100.0%
HDV
0.2%

Basic Materials

NVDX

-

HDV
0.8%

Communication Services

NVDX

-

HDV
5.7%

Consumer Cyclical

NVDX

-

HDV
9.2%

Consumer Defensive

NVDX

-

HDV
24.5%

Energy

NVDX

-

HDV
20.2%

Financial Services

NVDX

-

HDV
4.7%

Healthcare

NVDX

-

HDV
22.6%

Industrials

NVDX

-

HDV
3.5%

Real Estate

NVDX

-

HDV

-

Utilities

NVDX

-

HDV
8.1%

Compare stocks, funds, or ETFs

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

T-REX 2X Long NVIDIA Daily Target ETF

iShares Core High Dividend ETF

Often compared with NVDX:
NVDX vs. NVDLNVDX vs. NVDANVDX vs. SOXLNVDX vs. NVDYNVDX vs. QQQNVDX vs. USDNVDX vs. NVDU
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

NVDX vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NVDX
NVDX Risk / Return Rank: 2626
Overall Rank
NVDX Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
NVDX Sortino Ratio Rank: 2828
Sortino Ratio Rank
NVDX Omega Ratio Rank: 2626
Omega Ratio Rank
NVDX Calmar Ratio Rank: 2828
Calmar Ratio Rank
NVDX Martin Ratio Rank: 2323
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 6464
Overall Rank
HDV Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 6666
Sortino Ratio Rank
HDV Omega Ratio Rank: 5757
Omega Ratio Rank
HDV Calmar Ratio Rank: 7777
Calmar Ratio Rank
HDV Martin Ratio Rank: 6060
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.

NVDX vs. HDV - 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 iShares Core High Dividend ETF (HDV). 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.

NVDXHDVDifference
Sharpe ratioReturn per unit of total volatility
0.83
1.99

-1.16

Sortino ratioReturn per unit of downside risk
1.49
2.92

-1.43

Omega ratioGain probability vs. loss probability

1.18

1.34

-0.16

Calmar ratioReturn relative to maximum drawdown

1.33

3.79

-2.46

Martin ratioReturn relative to average drawdown

2.91

10.39

-7.48

NVDX vs. HDV - Sharpe Ratio Comparison

The current NVDX Sharpe Ratio is 0.83, which is lower than the HDV Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of NVDX and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

NVDX vs. HDV - Drawdown Comparison

The maximum NVDX drawdown since its inception was -68.19%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for NVDX and HDV.

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Drawdown Indicators

NVDXHDVDifference

Max Drawdown

Largest peak-to-trough decline

-68.19%

-37.04%

-31.15%

Max Drawdown (1Y)

Largest decline over 1 year

-43.76%

-5.18%

-38.58%

Max Drawdown (3Y)

Largest decline over 3 years

—

-10.49%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-15.42%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.04%

—

Current Drawdown

Current decline from peak

-24.33%

-2.65%

-21.68%

Average Drawdown

Average peak-to-trough decline

-20.33%

-3.08%

-17.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.99%

1.89%

+18.10%

Volatility

NVDX vs. HDV - Volatility Comparison

T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 25.45% compared to iShares Core High Dividend ETF (HDV) at 3.37%. This indicates that NVDX's price experiences larger fluctuations and is considered to be riskier than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

NVDXHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

25.45%

3.37%

+22.08%

Volatility (6M)

Calculated over the trailing 6-month period

53.08%

7.52%

+45.56%

Volatility (1Y)

Calculated over the trailing 1-year period

70.57%

9.87%

+60.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

95.43%

12.80%

+82.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

95.43%

15.74%

+79.69%

NVDX vs. HDV - Expense Ratio Comparison

NVDX has a 1.05% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

NVDX vs. HDV - Dividend Comparison

NVDX's dividend yield for the trailing twelve months is around 3.08%, more than HDV's 2.94% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		2.94%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
NVDX
T-REX 2X Long NVIDIA Daily Target ETF		3.08%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 HDV have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NVDX has higher volatility (25.45%) compared to HDV (3.37%). In terms of maximum drawdown, NVDX dropped -68.19% vs HDV's -37.04%.

On 1-year performance, NVDX leads with 58.04% vs 19.54% for HDV. On fees, HDV is cheaper at 0.08% per year. On volatility, HDV has been the lower-risk option at 3.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, NVDX has performed better with a 58.04% return vs 19.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

HDV is cheaper with a 0.08% expense ratio, compared with 1.05% for NVDX.

NVDX has the higher dividend yield at 3.08%, compared with 2.94% for HDV.

NVDX is categorized as Leveraged Equities, while HDV is Dividend. They also come from different issuers: REX and iShares. Their fees differ too: 1.05% for NVDX and 0.08% for HDV.

HDV currently has the higher Sharpe Ratio (1.99 vs 0.83), 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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