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

Performance

NVDX vs. XLK - 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 Technology Select Sector SPDR Fund (XLK). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
57.71%
8.70%
NVDX
XLK

Returns By Period

In the year-to-date period, NVDX achieves a 492.31% return, which is significantly higher than XLK's 20.71% return.


NVDX

YTD

492.31%

1M

0.82%

6M

86.49%

1Y

469.39%

5Y (annualized)

N/A

10Y (annualized)

N/A

XLK

YTD

20.71%

1M

-0.37%

6M

7.81%

1Y

26.58%

5Y (annualized)

22.92%

10Y (annualized)

20.26%

Key characteristics


NVDXXLK
Sharpe Ratio4.391.18
Sortino Ratio3.511.64
Omega Ratio1.451.22
Calmar Ratio8.941.51
Martin Ratio23.425.19
Ulcer Index19.57%4.92%
Daily Std Dev104.29%21.69%
Max Drawdown-51.26%-82.05%
Current Drawdown-5.38%-2.65%

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NVDX vs. XLK - Expense Ratio Comparison

NVDX has a 1.05% expense ratio, which is higher than XLK's 0.13% 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 XLK: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%

Correlation

-0.50.00.51.00.8

The correlation between NVDX and XLK is 0.76, 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. XLK - 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 Technology Select Sector SPDR Fund (XLK). 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 4.39, compared to the broader market0.002.004.004.391.18
The chart of Sortino ratio for NVDX, currently valued at 3.51, compared to the broader market-2.000.002.004.006.008.0010.0012.003.511.64
The chart of Omega ratio for NVDX, currently valued at 1.45, compared to the broader market0.501.001.502.002.503.001.451.22
The chart of Calmar ratio for NVDX, currently valued at 8.94, compared to the broader market0.005.0010.0015.008.941.51
The chart of Martin ratio for NVDX, currently valued at 23.42, compared to the broader market0.0020.0040.0060.0080.00100.0023.425.19
NVDX
XLK

The current NVDX Sharpe Ratio is 4.39, which is higher than the XLK Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of NVDX and XLK, 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 Ratio1.002.003.004.005.006.007.00Thu 24Sat 26Mon 28Wed 30NovemberNov 03Tue 05Thu 07Sat 09Mon 11Wed 13Fri 15Nov 17Tue 19
4.39
1.18
NVDX
XLK

Dividends

NVDX vs. XLK - Dividend Comparison

NVDX has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.67%.


TTM20232022202120202019201820172016201520142013
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%0.00%
XLK
Technology Select Sector SPDR Fund
0.67%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%1.75%1.70%

Drawdowns

NVDX vs. XLK - Drawdown Comparison

The maximum NVDX drawdown since its inception was -51.26%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for NVDX and XLK. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-5.38%
-2.65%
NVDX
XLK

Volatility

NVDX vs. XLK - Volatility Comparison

T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 21.78% compared to Technology Select Sector SPDR Fund (XLK) at 6.36%. This indicates that NVDX's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
21.78%
6.36%
NVDX
XLK