POET vs. NVDL
Compare and contrast key facts about POET Technologies Inc (POET) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POET or NVDL.
Correlation
The correlation between POET and NVDL is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
POET vs. NVDL - Performance Comparison
Key characteristics
POET:
1.09
NVDL:
0.02
POET:
2.27
NVDL:
0.83
POET:
1.24
NVDL:
1.10
POET:
1.27
NVDL:
-0.03
POET:
3.61
NVDL:
-0.06
POET:
30.06%
NVDL:
32.77%
POET:
110.31%
NVDL:
118.01%
POET:
-93.47%
NVDL:
-67.55%
POET:
-62.54%
NVDL:
-52.74%
Returns By Period
In the year-to-date period, POET achieves a -25.71% return, which is significantly higher than NVDL's -39.31% return.
POET
-25.71%
37.69%
4.49%
118.81%
1.03%
N/A
NVDL
-39.31%
38.93%
-52.43%
1.90%
N/A
N/A
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Risk-Adjusted Performance
POET vs. NVDL — Risk-Adjusted Performance Rank
POET
NVDL
POET vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for POET Technologies Inc (POET) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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.
Dividends
POET vs. NVDL - Dividend Comparison
Neither POET nor NVDL has paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
POET POET Technologies Inc | 0.00% | 0.00% | 0.00% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 11.29% |
Drawdowns
POET vs. NVDL - Drawdown Comparison
The maximum POET drawdown since its inception was -93.47%, which is greater than NVDL's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for POET and NVDL. For additional features, visit the drawdowns tool.
Volatility
POET vs. NVDL - Volatility Comparison
The current volatility for POET Technologies Inc (POET) is 20.59%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 42.32%. This indicates that POET experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.