OILD vs. NVDX

Last updated Jun 5, 2026

OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and NVDX (T-REX 2X Long NVIDIA Daily Target ETF) are both exchange-traded funds - OILD is a Inverse Equities fund tracking the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while NVDX is a Leveraged Equities fund actively managed by REX. OILD is passively managed, while NVDX is actively managed. Over the past year, OILD returned -73.93% vs 80.08% for NVDX. At a correlation of -0.02, they often move in opposite directions. OILD charges 0.95%/yr vs 1.05%/yr for NVDX.

Performance

OILD vs. NVDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILD achieves a -61.34% return, which is significantly lower than NVDX's 21.55% return.

OILD

• 1D: -0.10%
• 1M: 3.58%
• YTD: -61.34%
• 6M: -58.10%
• 1Y: -73.93%
• 3Y*: -48.52%
• 5Y*: —
• 10Y*: —

NVDX

• 1D: 3.58%
• 1M: 20.64%
• YTD: 21.55%
• 6M: 23.12%
• 1Y: 80.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OILD vs. NVDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	-61.34%	-41.67%	-14.58%	25.86%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	21.55%	26.24%	384.03%	32.65%

Correlation

The correlation between OILD and NVDX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	-0.02

The correlation between OILD and NVDX shifts across timeframes, from -0.02 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.

OILD vs. NVDX - Sectors Allocation Comparison

Sectors	OILD	NVDX
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

OILD vs. NVDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

OILD

OILD Risk / Return Rank: 1
OILD Sharpe Ratio Rank: 1
OILD Sortino Ratio Rank: 0
OILD Omega Ratio Rank: 0
OILD Calmar Ratio Rank: 1
OILD Martin Ratio Rank: 1

NVDX

NVDX Risk / Return Rank: 34
NVDX Sharpe Ratio Rank: 34
NVDX Sortino Ratio Rank: 36
NVDX Omega Ratio Rank: 33
NVDX Calmar Ratio Rank: 38
NVDX Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

OILD vs. NVDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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.

	OILD	NVDX	Difference
Sharpe ratio: Return per unit of total volatility	-1.22	1.18	-2.40
Sortino ratio: Return per unit of downside risk	-2.57	1.82	-4.39
Omega ratio: Gain probability vs. loss probability	0.74	1.22	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.96	1.84	-2.80
Martin ratio: Return relative to average drawdown	-1.58	4.16	-5.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OILD vs. NVDX - Sharpe Ratio Comparison

The current OILD Sharpe Ratio is -1.22, which is lower than the NVDX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of OILD and NVDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OILD	NVDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.22	1.18	-2.40
Sharpe Ratio (All Time) Calculated using the full available price history	-0.75	1.47	-2.23

Drawdowns

OILD vs. NVDX - Drawdown Comparison

The maximum OILD drawdown since its inception was -98.90%, which is greater than NVDX's maximum drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for OILD and NVDX.

Drawdown Indicators

	OILD	NVDX	Difference
Max Drawdown Largest peak-to-trough decline	-98.90%	-68.19%	-30.71%
Max Drawdown (1Y) Largest decline over 1 year	-77.40%	-43.76%	-33.64%
Max Drawdown (3Y) Largest decline over 3 years	-88.53%	—	—
Current Drawdown Current decline from peak	-98.74%	-15.34%	-83.40%
Average Drawdown Average peak-to-trough decline	-88.65%	-20.27%	-68.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.83%	19.29%	+27.54%

Volatility

OILD vs. NVDX - Volatility Comparison

MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX) have volatilities of 24.24% and 24.67%, 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.

Volatility by Period

	OILD	NVDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.24%	24.67%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	48.36%	50.98%	-2.62%
Volatility (1Y) Calculated over the trailing 1-year period	61.04%	68.32%	-7.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.35%	95.53%	-16.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.35%	95.53%	-16.18%

OILD vs. NVDX - Expense Ratio Comparison

OILD has a 0.95% expense ratio, which is lower than NVDX's 1.05% expense ratio.

Dividends

OILD vs. NVDX - Dividend Comparison

OILD has not paid dividends to shareholders, while NVDX's dividend yield for the trailing twelve months is around 2.76%.

Position	TTM	2025	2024
NVDX T-REX 2X Long NVIDIA Daily Target ETF	2.76%	3.35%	15.48%
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OILD and NVDX in my portfolio?

OILD and NVDX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OILD or NVDX?

NVDX has higher volatility (24.67%) compared to OILD (24.24%). In terms of maximum drawdown, OILD dropped -98.90% vs NVDX's -68.19%.

Which ETF is better, OILD or NVDX?

On 1-year performance, NVDX leads with 80.08% vs -73.93% for OILD. On fees, OILD is cheaper at 0.95% per year. On volatility, OILD has been the lower-risk option at 24.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OILD or NVDX?

Over the 1-year period, NVDX has performed better with a 80.08% return vs -73.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OILD or NVDX?

OILD is cheaper with a 0.95% expense ratio, compared with 1.05% for NVDX.

Which ETF pays a higher dividend yield, OILD or NVDX?

NVDX has the higher dividend yield at 2.76%, compared with 0.00% for OILD.

What is the main difference between OILD and NVDX?

OILD is categorized as Inverse Equities, while NVDX is Leveraged Equities. Their fees differ too: 0.95% for OILD and 1.05% for NVDX.

Which has better risk-adjusted returns?

NVDX currently has the higher Sharpe Ratio (1.18 vs -1.22), 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.