NVDX vs. SOL-USD
NVDX (T-REX 2X Long NVIDIA Daily Target ETF) is Leveraged Equities fund actively managed by REX, while SOL-USD (Solana) is a cryptocurrency. Over the past year, NVDX returned 60.92% vs -59.60% for SOL-USD. At a 0.17 correlation, their price movements are largely independent.
Performance
NVDX vs. SOL-USD - Performance Comparison
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Returns By Period
In the year-to-date period, NVDX achieves a 9.58% return, which is significantly higher than SOL-USD's -47.66% return.
NVDX
- 1D
- -0.42%
- 1M
- -8.62%
- YTD
- 9.58%
- 6M
- 9.23%
- 1Y
- 60.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOL-USD
- 1D
- -2.50%
- 1M
- -32.46%
- YTD
- -47.66%
- 6M
- -52.76%
- 1Y
- -59.60%
- 3Y*
- 60.89%
- 5Y*
- 9.65%
- 10Y*
- —
NVDX vs. SOL-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 9.58% | 26.24% | 384.03% | 28.06% |
SOL-USD Solana | -47.66% | -34.09% | 85.68% | 334.20% |
Correlation
The correlation between NVDX and SOL-USD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.17 |
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Return for Risk
NVDX vs. SOL-USD — Risk / Return Rank
NVDX
SOL-USD
NVDX vs. SOL-USD - 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 Solana (SOL-USD). 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 | SOL-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.88 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | -0.80 | +2.20 |
| Martin ratioReturn relative to average drawdown | 3.14 | -1.30 | +4.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVDX | SOL-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | -0.83 | +1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 0.85 | +0.47 |
Drawdowns
NVDX vs. SOL-USD - Drawdown Comparison
The maximum NVDX drawdown since its inception was -68.19%, smaller than the maximum SOL-USD drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for NVDX and SOL-USD.
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Drawdown Indicators
| NVDX | SOL-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.19% | -96.27% | +28.08% |
Max Drawdown (1Y)Largest decline over 1 year | -43.76% | -74.89% | +31.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -76.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.27% | — |
Current DrawdownCurrent decline from peak | -23.68% | -75.14% | +51.46% |
Average DrawdownAverage peak-to-trough decline | -20.27% | -51.38% | +31.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.47% | 52.72% | -33.25% |
Volatility
NVDX vs. SOL-USD - Volatility Comparison
T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 25.98% compared to Solana (SOL-USD) at 16.21%. This indicates that NVDX's price experiences larger fluctuations and is considered to be riskier than SOL-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDX | SOL-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.98% | 16.21% | +9.77% |
Volatility (6M)Calculated over the trailing 6-month period | 52.60% | 46.43% | +6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.45% | 60.21% | +9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.62% | 82.48% | +13.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.62% | 99.89% | -4.27% |
Frequently Asked Questions
NVDX and SOL-USD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDX has higher volatility (25.98%) compared to SOL-USD (16.21%). In terms of maximum drawdown, NVDX dropped -68.19% vs SOL-USD's -96.27%.
NVDX currently has the higher Sharpe Ratio (0.88 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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