PDDL vs. NVD
PDDL (GraniteShares 2x Long PDD Daily ETF) and NVD (GraniteShares 2x Short NVDA Daily ETF) are both exchange-traded funds - PDDL is a Leveraged Equities fund actively managed by GraniteShares, while NVD is a Inverse Equities fund actively managed by GraniteShares. Both are actively managed. At a correlation of -0.28, they often move in opposite directions. Both charge a 1.50% expense ratio.
Performance
PDDL vs. NVD - Performance Comparison
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Returns By Period
In the year-to-date period, PDDL achieves a -49.84% return, which is significantly lower than NVD's -29.37% return.
PDDL
- 1D
- -2.29%
- 1M
- -33.70%
- YTD
- -49.84%
- 6M
- -54.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVD
- 1D
- 12.47%
- 1M
- -1.75%
- YTD
- -29.37%
- 6M
- -33.41%
- 1Y
- -65.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDDL vs. NVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PDDL GraniteShares 2x Long PDD Daily ETF | -49.84% | 7.42% |
NVD GraniteShares 2x Short NVDA Daily ETF | -29.37% | -25.13% |
Correlation
The correlation between PDDL and NVD is -0.28, 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 (All Time) Calculated using the full available price history since Jul 16, 2025 | -0.28 |
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Return for Risk
PDDL vs. NVD — Risk / Return Rank
PDDL
NVD
PDDL vs. NVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PDD Daily ETF (PDDL) and GraniteShares 2x Short NVDA Daily ETF (NVD). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| PDDL | NVD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | -0.87 | +0.11 |
Drawdowns
PDDL vs. NVD - Drawdown Comparison
The maximum PDDL drawdown since its inception was -68.62%, smaller than the maximum NVD drawdown of -99.26%. Use the drawdown chart below to compare losses from any high point for PDDL and NVD.
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Drawdown Indicators
| PDDL | NVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.62% | -99.26% | +30.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -71.96% | — |
Current DrawdownCurrent decline from peak | -67.18% | -99.05% | +31.87% |
Average DrawdownAverage peak-to-trough decline | -29.89% | -81.70% | +51.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 48.00% | — |
Volatility
PDDL vs. NVD - Volatility Comparison
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Volatility by Period
| PDDL | NVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 26.35% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 53.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 66.58% | 69.67% | -3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.58% | 92.81% | -26.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.58% | 92.81% | -26.23% |
PDDL vs. NVD - Expense Ratio Comparison
Both PDDL and NVD have an expense ratio of 1.50%.
Dividends
PDDL vs. NVD - Dividend Comparison
PDDL's dividend yield for the trailing twelve months is around 0.67%, less than NVD's 16.74% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVD GraniteShares 2x Short NVDA Daily ETF | 16.74% | 11.83% | 8.68% | 15.78% |
PDDL GraniteShares 2x Long PDD Daily ETF | 0.67% | 0.33% | 0.00% | 0.00% |
Frequently Asked Questions
PDDL and NVD have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PDDL and NVD have the same expense ratio: 1.50% per year.
NVD has the higher dividend yield at 16.74%, compared with 0.67% for PDDL.
PDDL is categorized as Leveraged Equities, while NVD is Inverse Equities.
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