NVDX vs. TQQQ
Compare and contrast key facts about T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and ProShares UltraPro QQQ (TQQQ).
NVDX and TQQQ 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 Shares. It was launched on Oct 19, 2023. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDX or TQQQ.
Performance
NVDX vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, NVDX achieves a 497.76% return, which is significantly higher than TQQQ's 55.41% return.
NVDX
497.76%
2.01%
59.16%
506.39%
N/A
N/A
TQQQ
55.41%
3.57%
23.50%
78.24%
34.24%
34.39%
Key characteristics
| NVDX | TQQQ | |
|---|---|---|
| Sharpe Ratio | 4.55 | 1.55 |
| Sortino Ratio | 3.56 | 2.01 |
| Omega Ratio | 1.45 | 1.27 |
| Calmar Ratio | 9.26 | 1.57 |
| Martin Ratio | 24.44 | 6.44 |
| Ulcer Index | 19.42% | 12.48% |
| Daily Std Dev | 104.26% | 51.79% |
| Max Drawdown | -51.26% | -81.66% |
| Current Drawdown | -4.51% | -9.06% |
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NVDX vs. TQQQ - Expense Ratio Comparison
NVDX has a 1.05% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Correlation
The correlation between NVDX and TQQQ is 0.71, 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.
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.
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 1.22%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 1.22% | 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.
Volatility
NVDX vs. TQQQ - Volatility Comparison
T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 20.89% compared to ProShares UltraPro QQQ (TQQQ) at 16.26%. 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.