NVDX vs. NVDQ

Last updated Apr 2, 2026

Compare and contrast key facts about T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ).

NVDX and NVDQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDX is an actively managed fund by REX. It was launched on Oct 19, 2023. NVDQ is an actively managed fund by T-Rex. It was launched on Oct 18, 2023.

Performance

NVDX vs. NVDQ - 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 T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ). The values are adjusted to include any dividend payments, if applicable.

NVDX vs. NVDQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NVDX T-REX 2X Long NVIDIA Daily Target ETF	-17.35%	26.24%	384.03%	32.65%
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	2.80%	-74.63%	-93.80%	-30.70%

Returns By Period

In the year-to-date period, NVDX achieves a -17.35% return, which is significantly lower than NVDQ's 2.80% return.

NVDX

• 1D: 1.58%
• 1M: -9.35%
• YTD: -17.35%
• 6M: -24.04%
• 1Y: 82.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDQ

• 1D: -1.60%
• 1M: 4.57%
• YTD: 2.80%
• 6M: -5.50%
• 1Y: -76.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDX vs. NVDQ - Expense Ratio Comparison

Both NVDX and NVDQ have an expense ratio of 1.05%.

NVDX

T-REX 2X Long NVIDIA Daily Target ETF

NVDQ

T-Rex 2X Inverse NVIDIA Daily Target ETF

Return for Risk

NVDX vs. NVDQ — Risk / Return Rank

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

NVDX

NVDX Risk / Return Rank: 61
NVDX Sharpe Ratio Rank: 55
NVDX Sortino Ratio Rank: 69
NVDX Omega Ratio Rank: 59
NVDX Calmar Ratio Rank: 74
NVDX Martin Ratio Rank: 48

NVDQ

NVDQ Risk / Return Rank: 1
NVDQ Sharpe Ratio Rank: 1
NVDQ Sortino Ratio Rank: 0
NVDQ Omega Ratio Rank: 0
NVDQ Calmar Ratio Rank: 0
NVDQ Martin Ratio Rank: 4

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. NVDQ - 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 T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ). 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	NVDQ	Difference
Sharpe ratio Return per unit of total volatility	1.01	-0.93	+1.94
Sortino ratio Return per unit of downside risk	1.79	-1.68	+3.47
Omega ratio Gain probability vs. loss probability	1.22	0.79	+0.43
Calmar ratio Return relative to maximum drawdown	2.00	-0.91	+2.91
Martin ratio Return relative to average drawdown	4.79	-1.03	+5.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVDX vs. NVDQ - Sharpe Ratio Comparison

The current NVDX Sharpe Ratio is 1.01, which is higher than the NVDQ Sharpe Ratio of -0.93. The chart below compares the historical Sharpe Ratios of NVDX and NVDQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NVDX	NVDQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	-0.93	+1.94
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	-0.87	+2.10

Correlation

The correlation between NVDX and NVDQ is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

NVDX vs. NVDQ - Dividend Comparison

NVDX's dividend yield for the trailing twelve months is around 4.05%, more than NVDQ's 0.25% yield.

	TTM	2025	2024	2023
NVDX T-REX 2X Long NVIDIA Daily Target ETF	4.05%	3.35%	15.48%	0.00%
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	0.25%	0.26%	4.59%	11.60%

Drawdowns

NVDX vs. NVDQ - Drawdown Comparison

The maximum NVDX drawdown since its inception was -68.19%, smaller than the maximum NVDQ drawdown of -99.13%. Use the drawdown chart below to compare losses from any high point for NVDX and NVDQ.

Drawdown Indicators

	NVDX	NVDQ	Difference
Max Drawdown Largest peak-to-trough decline	-68.19%	-99.13%	+30.94%
Max Drawdown (1Y) Largest decline over 1 year	-43.76%	-85.00%	+41.24%
Current Drawdown Current decline from peak	-36.49%	-98.96%	+62.47%
Average Drawdown Average peak-to-trough decline	-20.52%	-87.43%	+66.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.29%	74.62%	-56.33%

Volatility

NVDX vs. NVDQ - Volatility Comparison

T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) have volatilities of 20.76% and 20.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDX	NVDQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.76%	20.90%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	51.61%	51.76%	-0.15%
Volatility (1Y) Calculated over the trailing 1-year period	82.24%	82.26%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.82%	96.76%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.82%	96.76%	+0.06%