NVDX vs. XLK
Compare and contrast key facts about T-REX 2X Long NVIDIA Daily Target ETF (NVDX) and Technology Select Sector SPDR Fund (XLK).
NVDX and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDX or XLK.
Key characteristics
| NVDX | XLK | |
|---|---|---|
| YTD Return | 490.80% | 23.17% |
| 1Y Return | 505.14% | 32.35% |
| Sharpe Ratio | 5.20 | 1.64 |
| Sortino Ratio | 3.74 | 2.18 |
| Omega Ratio | 1.48 | 1.30 |
| Calmar Ratio | 10.53 | 2.11 |
| Martin Ratio | 27.48 | 7.30 |
| Ulcer Index | 19.64% | 4.91% |
| Daily Std Dev | 103.86% | 21.69% |
| Max Drawdown | -51.26% | -82.05% |
| Current Drawdown | -5.62% | -0.66% |
Correlation
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.
Performance
NVDX vs. XLK - Performance Comparison
In the year-to-date period, NVDX achieves a 490.80% return, which is significantly higher than XLK's 23.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
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 0.66%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.66% | 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.
Volatility
NVDX vs. XLK - Volatility Comparison
T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a higher volatility of 22.78% compared to Technology Select Sector SPDR Fund (XLK) at 6.32%. 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.