NVDU vs. NVDX
Compare and contrast key facts about Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX).
NVDU and NVDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDU is an actively managed fund by Direxion. It was launched on Sep 13, 2023. NVDX is an actively managed fund by REX Shares. It was launched on Oct 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NVDU or NVDX.
Performance
NVDU vs. NVDX - Performance Comparison
Returns By Period
In the year-to-date period, NVDU achieves a 378.97% return, which is significantly lower than NVDX's 497.76% return.
NVDU
378.97%
2.36%
62.95%
386.68%
N/A
N/A
NVDX
497.76%
2.01%
59.16%
506.39%
N/A
N/A
Key characteristics
| NVDU | NVDX | |
|---|---|---|
| Sharpe Ratio | 3.77 | 4.55 |
| Sortino Ratio | 3.28 | 3.56 |
| Omega Ratio | 1.43 | 1.45 |
| Calmar Ratio | 7.20 | 9.26 |
| Martin Ratio | 19.64 | 24.44 |
| Ulcer Index | 18.73% | 19.42% |
| Daily Std Dev | 97.57% | 104.26% |
| Max Drawdown | -51.13% | -51.26% |
| Current Drawdown | -3.75% | -4.51% |
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NVDU vs. NVDX - Expense Ratio Comparison
NVDU has a 1.04% expense ratio, which is lower than NVDX's 1.05% expense ratio.
Correlation
The correlation between NVDU and NVDX is 0.99, 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
NVDU vs. NVDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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
NVDU vs. NVDX - Dividend Comparison
NVDU's dividend yield for the trailing twelve months is around 1.08%, while NVDX has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
NVDU Direxion Daily NVDA Bull 2X Shares ETF | 1.08% | 0.64% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 0.00% | 0.00% |
Drawdowns
NVDU vs. NVDX - Drawdown Comparison
The maximum NVDU drawdown since its inception was -51.13%, roughly equal to the maximum NVDX drawdown of -51.26%. Use the drawdown chart below to compare losses from any high point for NVDU and NVDX. For additional features, visit the drawdowns tool.
Volatility
NVDU vs. NVDX - Volatility Comparison
Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX) have volatilities of 21.08% and 20.89%, 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.