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NVDX vs. SOXL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


NVDXSOXL
YTD Return500.48%-4.93%
1Y Return483.46%35.13%
Sharpe Ratio4.900.49
Sortino Ratio3.661.29
Omega Ratio1.471.17
Calmar Ratio9.920.70
Martin Ratio25.911.61
Ulcer Index19.64%30.74%
Daily Std Dev103.77%100.76%
Max Drawdown-51.26%-90.46%
Current Drawdown-4.08%-58.48%

Correlation

-0.50.00.51.00.7

The correlation between NVDX and SOXL is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

NVDX vs. SOXL - Performance Comparison

In the year-to-date period, NVDX achieves a 500.48% return, which is significantly higher than SOXL's -4.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-50.00%0.00%50.00%100.00%JuneJulyAugustSeptemberOctoberNovember
89.80%
-36.54%
NVDX
SOXL

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


NVDX vs. SOXL - Expense Ratio Comparison

NVDX has a 1.05% expense ratio, which is higher than SOXL's 0.99% expense ratio.


NVDX
T-REX 2X Long NVIDIA Daily Target ETF
Expense ratio chart for NVDX: current value at 1.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.05%
Expense ratio chart for SOXL: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%

Risk-Adjusted Performance

NVDX vs. SOXL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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
Sharpe ratio
The chart of Sharpe ratio for NVDX, currently valued at 4.90, compared to the broader market-2.000.002.004.004.90
Sortino ratio
The chart of Sortino ratio for NVDX, currently valued at 3.66, compared to the broader market-2.000.002.004.006.008.0010.0012.003.66
Omega ratio
The chart of Omega ratio for NVDX, currently valued at 1.47, compared to the broader market1.001.502.002.503.001.47
Calmar ratio
The chart of Calmar ratio for NVDX, currently valued at 9.92, compared to the broader market0.005.0010.0015.009.92
Martin ratio
The chart of Martin ratio for NVDX, currently valued at 25.91, compared to the broader market0.0020.0040.0060.0080.00100.00120.0025.91
SOXL
Sharpe ratio
The chart of Sharpe ratio for SOXL, currently valued at 0.49, compared to the broader market-2.000.002.004.000.49
Sortino ratio
The chart of Sortino ratio for SOXL, currently valued at 1.29, compared to the broader market-2.000.002.004.006.008.0010.0012.001.29
Omega ratio
The chart of Omega ratio for SOXL, currently valued at 1.17, compared to the broader market1.001.502.002.503.001.17
Calmar ratio
The chart of Calmar ratio for SOXL, currently valued at 0.80, compared to the broader market0.005.0010.0015.000.80
Martin ratio
The chart of Martin ratio for SOXL, currently valued at 1.61, compared to the broader market0.0020.0040.0060.0080.00100.00120.001.61

NVDX vs. SOXL - Sharpe Ratio Comparison

The current NVDX Sharpe Ratio is 4.90, which is higher than the SOXL Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of NVDX and SOXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.006.007.00Thu 24Sat 26Mon 28Wed 30NovemberNov 03Tue 05Thu 07Sat 09Mon 11Wed 13
4.90
0.49
NVDX
SOXL

Dividends

NVDX vs. SOXL - Dividend Comparison

NVDX has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 1.03%.


TTM2023202220212020201920182017201620152014
NVDX
T-REX 2X Long NVIDIA Daily Target ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SOXL
Direxion Daily Semiconductor Bull 3x Shares
1.03%0.51%1.08%0.04%0.05%0.38%1.30%0.09%4.84%0.00%0.00%

Drawdowns

NVDX vs. SOXL - Drawdown Comparison

The maximum NVDX drawdown since its inception was -51.26%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for NVDX and SOXL. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.08%
-56.64%
NVDX
SOXL

Volatility

NVDX vs. SOXL - Volatility Comparison

The current volatility for T-REX 2X Long NVIDIA Daily Target ETF (NVDX) is 20.27%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 24.66%. This indicates that NVDX experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


20.00%30.00%40.00%50.00%60.00%JuneJulyAugustSeptemberOctoberNovember
20.27%
24.66%
NVDX
SOXL