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

Correlation

The correlation between NVDX and TQQQ is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.7

Performance

NVDX vs. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

100.00%200.00%300.00%400.00%500.00%600.00%700.00%JulyAugustSeptemberOctoberNovemberDecember
554.61%
136.10%
NVDX
TQQQ

Key characteristics

Sharpe Ratio

NVDX:

4.01

TQQQ:

1.37

Sortino Ratio

NVDX:

3.39

TQQQ:

1.84

Omega Ratio

NVDX:

1.43

TQQQ:

1.25

Calmar Ratio

NVDX:

8.21

TQQQ:

1.55

Martin Ratio

NVDX:

21.05

TQQQ:

5.79

Ulcer Index

NVDX:

20.00%

TQQQ:

12.58%

Daily Std Dev

NVDX:

104.85%

TQQQ:

53.25%

Max Drawdown

NVDX:

-51.26%

TQQQ:

-81.66%

Current Drawdown

NVDX:

-21.17%

TQQQ:

-11.00%

Returns By Period

In the year-to-date period, NVDX achieves a 393.49% return, which is significantly higher than TQQQ's 65.52% return.


NVDX

YTD

393.49%

1M

-16.68%

6M

-10.90%

1Y

401.69%

5Y*

N/A

10Y*

N/A

TQQQ

YTD

65.52%

1M

6.50%

6M

12.39%

1Y

66.67%

5Y*

32.06%

10Y*

35.36%

Compare stocks, funds, or ETFs

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


NVDX vs. TQQQ - Expense Ratio Comparison

NVDX has a 1.05% expense ratio, which is higher than TQQQ's 0.95% 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 TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

NVDX vs. TQQQ - 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 ProShares UltraPro QQQ (TQQQ). 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.


Sharpe ratio
The chart of Sharpe ratio for NVDX, currently valued at 4.01, compared to the broader market0.002.004.004.011.37
The chart of Sortino ratio for NVDX, currently valued at 3.39, compared to the broader market-2.000.002.004.006.008.0010.003.391.84
The chart of Omega ratio for NVDX, currently valued at 1.43, compared to the broader market0.501.001.502.002.503.001.431.25
The chart of Calmar ratio for NVDX, currently valued at 8.21, compared to the broader market0.005.0010.0015.008.211.95
The chart of Martin ratio for NVDX, currently valued at 21.05, compared to the broader market0.0020.0040.0060.0080.00100.0021.055.79
NVDX
TQQQ

The current NVDX Sharpe Ratio is 4.01, which is higher than the TQQQ Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of NVDX and TQQQ, 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 Ratio1.002.003.004.005.006.007.00Oct 27Nov 03Nov 10Nov 17Nov 24DecemberDec 08Dec 15
4.01
1.37
NVDX
TQQQ

Dividends

NVDX vs. TQQQ - Dividend Comparison

NVDX has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 0.88%.


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%
TQQQ
ProShares UltraPro QQQ
0.88%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

NVDX vs. TQQQ - Drawdown Comparison

The maximum NVDX drawdown since its inception was -51.26%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for NVDX and TQQQ. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-21.17%
-11.00%
NVDX
TQQQ

Volatility

NVDX vs. TQQQ - Volatility Comparison

T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 20.40% compared to ProShares UltraPro QQQ (TQQQ) at 16.08%. This indicates that NVDX's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
20.40%
16.08%
NVDX
TQQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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