NVIR vs. LDRT
NVIR (Horizon Kinetics Energy Remediation ETF) and LDRT (iShares iBonds 1-5 Year Treasury Ladder ETF) are both exchange-traded funds - NVIR is a Energy Equities fund actively managed by Horizon, while LDRT is a Government Bonds fund tracking the BlackRock iBonds® 1-5 Year Treasury Ladder Index. NVIR is actively managed, while LDRT is passively managed. Over the past year, NVIR returned 37.51% vs 3.68% for LDRT. At a correlation of -0.17, they often move in opposite directions. NVIR charges 0.85%/yr vs 0.07%/yr for LDRT.
Performance
NVIR vs. LDRT - Performance Comparison
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Returns By Period
In the year-to-date period, NVIR achieves a 22.82% return, which is significantly higher than LDRT's 0.74% return.
NVIR
- 1D
- 0.53%
- 1M
- -1.37%
- YTD
- 22.82%
- 6M
- 19.20%
- 1Y
- 37.51%
- 3Y*
- 20.11%
- 5Y*
- —
- 10Y*
- —
LDRT
- 1D
- 0.02%
- 1M
- 0.08%
- YTD
- 0.74%
- 6M
- 0.93%
- 1Y
- 3.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVIR vs. LDRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NVIR Horizon Kinetics Energy Remediation ETF | 22.82% | 9.84% | -4.21% |
LDRT iShares iBonds 1-5 Year Treasury Ladder ETF | 0.74% | 5.55% | 0.44% |
Correlation
The correlation between NVIR and LDRT is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024 | -0.17 |
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Return for Risk
NVIR vs. LDRT — Risk / Return Rank
NVIR
LDRT
NVIR vs. LDRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Energy Remediation ETF (NVIR) and iShares iBonds 1-5 Year Treasury Ladder ETF (LDRT). 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.
| NVIR | LDRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.27 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.36 | 3.31 | +2.04 |
| Martin ratioReturn relative to average drawdown | 15.46 | 8.83 | +6.63 |
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
| NVIR | LDRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 1.32 | +1.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 1.56 | -0.64 |
Drawdowns
NVIR vs. LDRT - Drawdown Comparison
The maximum NVIR drawdown since its inception was -22.47%, which is greater than LDRT's maximum drawdown of -1.11%. Use the drawdown chart below to compare losses from any high point for NVIR and LDRT.
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Drawdown Indicators
| NVIR | LDRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -1.11% | -21.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -1.11% | -5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -22.47% | — | — |
Current DrawdownCurrent decline from peak | -2.57% | -0.50% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -0.32% | -4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 0.42% | +2.01% |
Volatility
NVIR vs. LDRT - Volatility Comparison
Horizon Kinetics Energy Remediation ETF (NVIR) has a higher volatility of 5.80% compared to iShares iBonds 1-5 Year Treasury Ladder ETF (LDRT) at 0.88%. This indicates that NVIR's price experiences larger fluctuations and is considered to be riskier than LDRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVIR | LDRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 0.88% | +4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 1.65% | +10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 2.80% | +13.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.23% | 2.79% | +16.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.23% | 2.79% | +16.44% |
NVIR vs. LDRT - Expense Ratio Comparison
NVIR has a 0.85% expense ratio, which is higher than LDRT's 0.07% expense ratio.
Dividends
NVIR vs. LDRT - Dividend Comparison
NVIR's dividend yield for the trailing twelve months is around 0.75%, less than LDRT's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
LDRT iShares iBonds 1-5 Year Treasury Ladder ETF | 4.08% | 3.86% | 0.69% | 0.00% |
NVIR Horizon Kinetics Energy Remediation ETF | 0.75% | 0.92% | 1.50% | 1.34% |
Frequently Asked Questions
NVIR and LDRT have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVIR has higher volatility (5.80%) compared to LDRT (0.88%). In terms of maximum drawdown, NVIR dropped -22.47% vs LDRT's -1.11%.
On 1-year performance, NVIR leads with 37.51% vs 3.68% for LDRT. On fees, LDRT is cheaper at 0.07% per year. On volatility, LDRT has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NVIR has performed better with a 37.51% return vs 3.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LDRT is cheaper with a 0.07% expense ratio, compared with 0.85% for NVIR.
LDRT has the higher dividend yield at 4.08%, compared with 0.75% for NVIR.
NVIR is categorized as Energy Equities, while LDRT is Government Bonds. They also come from different issuers: Horizon and iShares. Their fees differ too: 0.85% for NVIR and 0.07% for LDRT.
NVIR currently has the higher Sharpe Ratio (2.37 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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