NVDX vs. LVHD

Last updated Jul 14, 2026

NVDX (T-REX 2X Long NVIDIA Daily Target ETF) and LVHD (Franklin U.S. Low Volatility High Dividend Index ETF) are both exchange-traded funds - NVDX is a Leveraged Equities fund actively managed by REX, while LVHD is a Dividend fund tracking the Franklin U.S. Low Volatility High Dividend Index. NVDX is actively managed, while LVHD is passively managed. Over the past year, NVDX returned 14.31% vs 14.86% for LVHD. At a correlation of -0.15, they often move in opposite directions. NVDX charges 1.05%/yr vs 0.27%/yr for LVHD.

Performance

NVDX vs. LVHD - 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 Franklin U.S. Low Volatility High Dividend Index ETF (LVHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDX achieves a 1.87% return, which is significantly lower than LVHD's 13.28% return.

NVDX

• 1D: -7.09%
• 1M: -3.81%
• 6M: 4.09%
• YTD: 1.87%
• 1Y: 14.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LVHD

• 1D: 0.45%
• 1M: 2.10%
• 6M: 11.64%
• YTD: 13.28%
• 1Y: 14.86%
• 3Y*: 10.36%
• 5Y*: 7.56%
• 10Y*: 8.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NVDX vs. LVHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NVDX T-REX 2X Long NVIDIA Daily Target ETF	1.87%	26.24%	384.03%	28.06%
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	13.28%	7.50%	10.18%	9.89%

Correlation

The correlation between NVDX and LVHD is -0.27, 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	-0.27
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	-0.15

The correlation between NVDX and LVHD shifts across timeframes, from -0.27 (1 year) to -0.15 (all time), reflecting how their relationship changes across market environments.

NVDX vs. LVHD - Sectors Allocation Comparison

Sectors	NVDX	LVHD
Technology	100.0%	3.1%
Basic Materials	-	-
Communication Services	-	2.6%
Consumer Cyclical	-	7.4%
Consumer Defensive	-	21.8%
Energy	-	7.4%
Financial Services	-	8.2%
Healthcare	-	4.4%
Industrials	-	4.9%
Real Estate	-	15.4%
Utilities	-	24.8%

Return for Risk

NVDX vs. LVHD — Risk / Return Rank

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

NVDX

NVDX Risk / Return Rank: 15
NVDX Sharpe Ratio Rank: 13
NVDX Sortino Ratio Rank: 18
NVDX Omega Ratio Rank: 17
NVDX Calmar Ratio Rank: 14
NVDX Martin Ratio Rank: 13

LVHD

LVHD Risk / Return Rank: 53
LVHD Sharpe Ratio Rank: 53
LVHD Sortino Ratio Rank: 56
LVHD Omega Ratio Rank: 49
LVHD Calmar Ratio Rank: 61
LVHD Martin Ratio Rank: 46

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. LVHD - 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 Franklin U.S. Low Volatility High Dividend Index ETF (LVHD). 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	LVHD	Difference
Sharpe ratio: Return per unit of total volatility	0.20	1.45	-1.25
Sortino ratio: Return per unit of downside risk	0.80	2.15	-1.35
Omega ratio: Gain probability vs. loss probability	1.09	1.25	-0.16
Calmar ratio: Return relative to maximum drawdown	0.33	2.42	-2.09
Martin ratio: Return relative to average drawdown	0.67	6.00	-5.33

NVDX vs. LVHD - Sharpe Ratio Comparison

The current NVDX Sharpe Ratio is 0.20, which is lower than the LVHD Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of NVDX and LVHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NVDX vs. LVHD - Drawdown Comparison

The maximum NVDX drawdown since its inception was -68.19%, which is greater than LVHD's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for NVDX and LVHD.

Drawdown Indicators

	NVDX	LVHD	Difference
Max Drawdown Largest peak-to-trough decline	-68.19%	-37.32%	-30.87%
Max Drawdown (1Y) Largest decline over 1 year	-43.76%	-6.17%	-37.59%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.75%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.32%	—
Current Drawdown Current decline from peak	-29.05%	-0.82%	-28.23%
Average Drawdown Average peak-to-trough decline	-20.56%	-4.02%	-16.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.34%	2.48%	+18.86%

Volatility

NVDX vs. LVHD - Volatility Comparison

T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 21.76% compared to Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) at 4.43%. This indicates that NVDX's price experiences larger fluctuations and is considered to be riskier than LVHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDX	LVHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.76%	4.43%	+17.33%
Volatility (6M) Calculated over the trailing 6-month period	54.70%	7.77%	+46.93%
Volatility (1Y) Calculated over the trailing 1-year period	71.48%	10.30%	+61.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.09%	12.99%	+82.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.09%	15.55%	+79.54%

NVDX vs. LVHD - Expense Ratio Comparison

NVDX has a 1.05% expense ratio, which is higher than LVHD's 0.27% expense ratio.

Dividends

NVDX vs. LVHD - Dividend Comparison

NVDX's dividend yield for the trailing twelve months is around 3.29%, more than LVHD's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
LVHD Franklin U.S. Low Volatility High Dividend Index ETF	3.21%	3.35%	4.23%	3.55%	3.30%	2.56%	3.27%	3.30%	3.82%	3.33%	2.48%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	3.29%	3.35%	15.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NVDX and LVHD in my portfolio?

NVDX and LVHD 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.

Which is riskier, NVDX or LVHD?

NVDX has higher volatility (21.76%) compared to LVHD (4.43%). In terms of maximum drawdown, NVDX dropped -68.19% vs LVHD's -37.32%.

Which ETF is better, NVDX or LVHD?

On 1-year performance, LVHD leads with 14.86% vs 14.31% for NVDX. On fees, LVHD is cheaper at 0.27% per year. On volatility, LVHD has been the lower-risk option at 4.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDX or LVHD?

Over the 1-year period, LVHD has performed better with a 14.86% return vs 14.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDX or LVHD?

LVHD is cheaper with a 0.27% expense ratio, compared with 1.05% for NVDX.

Which ETF pays a higher dividend yield, NVDX or LVHD?

NVDX has the higher dividend yield at 3.29%, compared with 3.21% for LVHD.

What is the main difference between NVDX and LVHD?

NVDX is categorized as Leveraged Equities, while LVHD is Dividend. They also come from different issuers: REX and Franklin Templeton. Their fees differ too: 1.05% for NVDX and 0.27% for LVHD.

Which has better risk-adjusted returns?

LVHD currently has the higher Sharpe Ratio (1.45 vs 0.20), 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.