NVTX vs. SAA
NVTX (Tradr 2X Long NVTS Daily ETF) and SAA (ProShares Ultra SmallCap600) are both Leveraged Equities funds. NVTX is actively managed, while SAA is passively managed. At a 0.39 correlation, their price movements are largely independent. NVTX charges 1.30%/yr vs 0.95%/yr for SAA.
Performance
NVTX vs. SAA - Performance Comparison
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Returns By Period
In the year-to-date period, NVTX achieves a -4.85% return, which is significantly lower than SAA's 44.68% return.
NVTX
- 1D
- -22.11%
- 1M
- -74.91%
- 6M
- -48.99%
- YTD
- -4.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SAA
- 1D
- 1.39%
- 1M
- 6.27%
- 6M
- 25.91%
- YTD
- 44.68%
- 1Y
- 64.14%
- 3Y*
- 18.57%
- 5Y*
- 6.48%
- 10Y*
- 11.93%
NVTX vs. SAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVTX Tradr 2X Long NVTS Daily ETF | -4.85% | -11.25% |
SAA ProShares Ultra SmallCap600 | 44.68% | 1.23% |
Correlation
The correlation between NVTX and SAA is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 9, 2025 | 0.39 |
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Return for Risk
NVTX vs. SAA — Risk / Return Rank
NVTX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SAA
NVTX vs. SAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long NVTS Daily ETF (NVTX) and ProShares Ultra SmallCap600 (SAA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NVTX | SAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.54 | — |
| Martin ratioReturn relative to average drawdown | — | 11.54 | — |
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Drawdowns
NVTX vs. SAA - Drawdown Comparison
The maximum NVTX drawdown since its inception was -89.51%, roughly equal to the maximum SAA drawdown of -87.39%. Use the drawdown chart below to compare losses from any high point for NVTX and SAA.
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Drawdown Indicators
| NVTX | SAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.51% | -87.39% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.21% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -55.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.54% | — |
Current DrawdownCurrent decline from peak | -89.51% | -1.83% | -87.68% |
Average DrawdownAverage peak-to-trough decline | -61.51% | -27.27% | -34.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.58% | — |
Volatility
NVTX vs. SAA - Volatility Comparison
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Volatility by Period
| NVTX | SAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 263.46% | 35.46% | +228.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 263.46% | 43.40% | +220.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 263.46% | 45.99% | +217.47% |
NVTX vs. SAA - Expense Ratio Comparison
NVTX has a 1.30% expense ratio, which is higher than SAA's 0.95% expense ratio.
Dividends
NVTX vs. SAA - Dividend Comparison
NVTX's dividend yield for the trailing twelve months is around 17.92%, more than SAA's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NVTX Tradr 2X Long NVTS Daily ETF | 17.92% | 17.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SAA ProShares Ultra SmallCap600 | 0.75% | 1.05% | 1.36% | 0.88% | 0.46% | 0.00% | 0.03% | 0.35% | 0.27% | 0.00% | 0.14% |
Frequently Asked Questions
NVTX and SAA have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAA is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAA is cheaper with a 0.95% expense ratio, compared with 1.30% for NVTX.
NVTX has the higher dividend yield at 17.92%, compared with 0.75% for SAA.
They also come from different issuers: Tradr and ProShares. Their fees differ too: 1.30% for NVTX and 0.95% for SAA.
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