NVDX vs. USD
Compare and contrast key facts about T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and ProShares Ultra Semiconductors (USD).
NVDX and USD 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. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007.
Performance
NVDX vs. USD - Performance Comparison
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NVDX vs. USD - 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% |
USD ProShares Ultra Semiconductors | -4.90% | 62.08% | 139.64% | 48.40% |
Returns By Period
In the year-to-date period, NVDX achieves a -17.35% return, which is significantly lower than USD's -4.90% return.
NVDX
- 1D
- 1.58%
- 1M
- -9.35%
- YTD
- -17.35%
- 6M
- -24.04%
- 1Y
- 82.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- 4.03%
- 1M
- -7.90%
- YTD
- -4.90%
- 6M
- -1.21%
- 1Y
- 145.25%
- 3Y*
- 90.90%
- 5Y*
- 44.58%
- 10Y*
- 50.62%
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NVDX vs. USD - Expense Ratio Comparison
NVDX has a 1.05% expense ratio, which is higher than USD's 0.95% expense ratio.
Return for Risk
NVDX vs. USD — Risk / Return Rank
NVDX
USD
NVDX vs. 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 ProShares Ultra Semiconductors (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 | USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.90 | -0.88 |
Sortino ratioReturn per unit of downside risk | 1.79 | 2.44 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 4.67 | -2.67 |
Martin ratioReturn relative to average drawdown | 4.79 | 12.81 | -8.02 |
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 | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.90 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.23 | 0.41 | +0.82 |
Correlation
The correlation between NVDX and USD is 0.93, 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.
Dividends
NVDX vs. USD - Dividend Comparison
NVDX's dividend yield for the trailing twelve months is around 4.05%, more than USD's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 4.05% | 3.35% | 15.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.48% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Drawdowns
NVDX vs. USD - Drawdown Comparison
The maximum NVDX drawdown since its inception was -68.19%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for NVDX and USD.
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Drawdown Indicators
| NVDX | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.19% | -88.63% | +20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -43.76% | -31.80% | -11.96% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -36.49% | -21.24% | -15.25% |
Average DrawdownAverage peak-to-trough decline | -20.52% | -32.60% | +12.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.29% | 11.60% | +6.69% |
Volatility
NVDX vs. USD - Volatility Comparison
T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and ProShares Ultra Semiconductors (USD) have volatilities of 20.76% and 21.67%, 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.
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Volatility by Period
| NVDX | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.76% | 21.67% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 51.61% | 48.73% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.24% | 77.08% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.82% | 76.24% | +20.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.82% | 68.85% | +27.97% |