NVYY vs. SPUU

Last updated Aug 2, 2026

NVYY (GraniteShares YieldBOOST NVDA ETF) and SPUU (Direxion Daily S&P 500 Bull 2X ETF) are both Leveraged Equities funds. NVYY is actively managed, while SPUU is passively managed. Over the past year, NVYY returned 5.34% vs 38.14% for SPUU. Their 0.56 correlation means they have sometimes moved together and sometimes differently. NVYY charges 1.15%/yr vs 0.60%/yr for SPUU.

Performance

NVYY vs. SPUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST NVDA ETF (NVYY) and Direxion Daily S&P 500 Bull 2X ETF (SPUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVYY achieves a 1.80% return, which is significantly lower than SPUU's 16.72% return.

NVYY

• 1D: 1.22%
• 1M: 0.66%
• 6M: -2.95%
• YTD: 1.80%
• 1Y: 5.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.50%

SPUU

• 1D: 1.52%
• 1M: 0.24%
• 6M: 14.02%
• YTD: 16.72%
• 1Y: 38.14%
• 3Y*: 31.33%
• 5Y*: 17.73%
• 10Y*: 23.82%
• ALL TIME*: 21.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NVYY GraniteShares YieldBOOST NVDA ETF	$370.19K	$517.73K	$1.09M
SPUU Direxion Daily S&P 500 Bull 2X ETF	$4.20M	$4.55M	$4.33M

NVYY vs. SPUU - Yearly Performance Comparison

	2026 (YTD)	2025
NVYY GraniteShares YieldBOOST NVDA ETF	1.80%	31.98%
SPUU Direxion Daily S&P 500 Bull 2X ETF	16.72%	33.53%

Correlation

The correlation between NVYY and SPUU is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.58
Correlation (All Time) Calculated using the full available price history since May 13, 2025	0.56

The correlation between NVYY and SPUU has been stable across timeframes, ranging from 0.56 to 0.58 - a consistent structural relationship.

Return for Risk

NVYY vs. SPUU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NVYY

NVYY Risk / Return Rank: 16
NVYY Sharpe Ratio Rank: 15
NVYY Sortino Ratio Rank: 15
NVYY Omega Ratio Rank: 16
NVYY Calmar Ratio Rank: 16
NVYY Martin Ratio Rank: 16

SPUU

SPUU Risk / Return Rank: 54
SPUU Sharpe Ratio Rank: 54
SPUU Sortino Ratio Rank: 51
SPUU Omega Ratio Rank: 52
SPUU Calmar Ratio Rank: 52
SPUU Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NVYY vs. SPUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST NVDA ETF (NVYY) and Direxion Daily S&P 500 Bull 2X ETF (SPUU). 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.

	NVYY	SPUU	Difference
Sharpe ratio: Return per unit of total volatility	0.21	1.30	-1.09
Sortino ratio: Return per unit of downside risk	0.43	1.80	-1.37
Omega ratio: Gain probability vs. loss probability	1.06	1.23	-0.17
Calmar ratio: Return relative to maximum drawdown	0.33	1.85	-1.52
Martin ratio: Return relative to average drawdown	0.70	7.47	-6.77

NVYY vs. SPUU - Sharpe Ratio Comparison

The current NVYY Sharpe Ratio is 0.21, which is lower than the SPUU Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of NVYY and SPUU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NVYY vs. SPUU - Drawdown Comparison

The maximum NVYY drawdown since its inception was -14.90%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for NVYY and SPUU.

Drawdown Indicators

	NVYY	SPUU	Difference
Max Drawdown Largest peak-to-trough decline	-14.90%	-59.35%	+44.45%
Max Drawdown (1Y) Largest decline over 1 year	-14.90%	-18.19%	+3.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-35.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.35%	—
Current Drawdown Current decline from peak	-7.41%	-3.83%	-3.58%
Average Drawdown Average peak-to-trough decline	-5.25%	-9.44%	+4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.08%	4.51%	+2.57%

Volatility

NVYY vs. SPUU - Volatility Comparison

The current volatility for GraniteShares YieldBOOST NVDA ETF (NVYY) is 3.86%, while Direxion Daily S&P 500 Bull 2X ETF (SPUU) has a volatility of 7.10%. This indicates that NVYY experiences smaller price fluctuations and is considered to be less risky than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVYY	SPUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	7.10%	-3.24%
Volatility (6M) Calculated over the trailing 6-month period	14.69%	20.38%	-5.69%
Volatility (1Y) Calculated over the trailing 1-year period	23.64%	25.88%	-2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.00%	33.70%	-10.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.00%	35.79%	-12.79%

NVYY vs. SPUU - Expense Ratio Comparison

NVYY has a 1.15% expense ratio, which is higher than SPUU's 0.60% expense ratio.

Dividends

NVYY vs. SPUU - Dividend Comparison

NVYY's dividend yield for the trailing twelve months is around 137.34%, more than SPUU's 1.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVYY GraniteShares YieldBOOST NVDA ETF	133.06%	75.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPUU Direxion Daily S&P 500 Bull 2X ETF	1.34%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%

Frequently Asked Questions

Can I hold both NVYY and SPUU in my portfolio?

NVYY and SPUU have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVYY or SPUU?

SPUU has higher volatility (7.10%) compared to NVYY (3.86%). In terms of maximum drawdown, NVYY dropped -14.90% vs SPUU's -59.35%.

Which ETF is better, NVYY or SPUU?

On 1-year performance, SPUU leads with 38.14% vs 5.34% for NVYY. On fees, SPUU is cheaper at 0.60% per year. On volatility, NVYY has been the lower-risk option at 3.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVYY or SPUU?

Over the 1-year period, SPUU has performed better with a 38.14% return vs 5.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVYY or SPUU?

SPUU is cheaper with a 0.60% expense ratio, compared with 1.15% for NVYY.

Which ETF pays a higher dividend yield, NVYY or SPUU?

NVYY has the higher dividend yield at 133.06%, compared with 1.34% for SPUU.

What is the main difference between NVYY and SPUU?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.15% for NVYY and 0.60% for SPUU.

Which has better risk-adjusted returns?

SPUU currently has the higher Sharpe Ratio (1.30 vs 0.21), 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.