NVDX vs. NVDA

Last updated Aug 2, 2026

NVDX (T-REX 2X Long NVIDIA Daily Target ETF) is Leveraged Equities fund actively managed by REX, while NVDA (NVIDIA Corporation) is a stock. Over the past year, NVDX returned -0.09% vs 15.71% for NVDA. Their 1.00 correlation means they have historically moved very closely together.

Performance

NVDX vs. NVDA - 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 NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDX achieves a -2.69% return, which is significantly lower than NVDA's 7.77% return.

NVDX

• 1D: 5.58%
• 1M: 3.93%
• 6M: -5.82%
• YTD: -2.69%
• 1Y: -0.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 107.47%

NVDA

• 1D: 2.93%
• 1M: 3.04%
• 6M: 5.16%
• YTD: 7.77%
• 1Y: 15.71%
• 3Y*: 62.93%
• 5Y*: 59.52%
• 10Y*: 64.62%
• ALL TIME*: 36.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NVDA NVIDIA Corporation	$25.46B	$26.13B	$31.85B
NVDX T-REX 2X Long NVIDIA Daily Target ETF	$104.20M	$115.30M	$173.21M

NVDX vs. NVDA - 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%
NVDA NVIDIA Corporation	7.77%	38.92%	171.25%	17.37%

Correlation

The correlation between NVDX and NVDA is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	1.00
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	1.00

The correlation between NVDX and NVDA has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

NVDX vs. NVDA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NVDX

NVDX Risk / Return Rank: 12
NVDX Sharpe Ratio Rank: 10
NVDX Sortino Ratio Rank: 15
NVDX Omega Ratio Rank: 15
NVDX Calmar Ratio Rank: 9
NVDX Martin Ratio Rank: 9

NVDA

NVDA Risk / Return Rank: 56
NVDA Sharpe Ratio Rank: 58
NVDA Sortino Ratio Rank: 53
NVDA Omega Ratio Rank: 51
NVDA Calmar Ratio Rank: 60
NVDA Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NVDX vs. NVDA - 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 NVIDIA Corporation (NVDA). 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	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	0.36	-0.43
Sortino ratio: Return per unit of downside risk	0.42	0.76	-0.33
Omega ratio: Gain probability vs. loss probability	1.05	1.09	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.11	0.65	-0.76
Martin ratio: Return relative to average drawdown	-0.22	1.32	-1.54

NVDX vs. NVDA - Sharpe Ratio Comparison

The current NVDX Sharpe Ratio is -0.07, which is lower than the NVDA Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of NVDX and NVDA, 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. NVDA - Drawdown Comparison

The maximum NVDX drawdown since its inception was -68.19%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for NVDX and NVDA.

Drawdown Indicators

	NVDX	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-68.19%	-89.72%	+21.53%
Max Drawdown (1Y) Largest decline over 1 year	-43.76%	-20.21%	-23.55%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-32.22%	-14.74%	-17.48%
Average Drawdown Average peak-to-trough decline	-20.74%	-36.07%	+15.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.46%	9.90%	+12.56%

Volatility

NVDX vs. NVDA - Volatility Comparison

T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 24.18% compared to NVIDIA Corporation (NVDA) at 12.04%. This indicates that NVDX's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDX	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.18%	12.04%	+12.14%
Volatility (6M) Calculated over the trailing 6-month period	56.63%	28.30%	+28.33%
Volatility (1Y) Calculated over the trailing 1-year period	72.80%	36.41%	+36.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.85%	51.87%	+42.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.85%	49.95%	+44.90%

Dividends

NVDX vs. NVDA - Dividend Comparison

NVDX's dividend yield for the trailing twelve months is around 3.44%, more than NVDA's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
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

Can I hold both NVDX and NVDA in my portfolio?

With a correlation of 1.00, NVDX and NVDA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NVDX or NVDA?

NVDX has higher volatility (24.18%) compared to NVDA (12.04%). In terms of maximum drawdown, NVDX dropped -68.19% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (0.36 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.