PONX vs. NVTX

Last updated Jun 4, 2026

PONX (Tradr 2X Long PONY Daily ETF) and NVTX (Tradr 2X Long NVTS Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.

Performance

PONX vs. NVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long PONY Daily ETF (PONX) and Tradr 2X Long NVTS Daily ETF (NVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PONX achieves a -61.90% return, which is significantly lower than NVTX's 709.31% return.

PONX

• 1D: -9.11%
• 1M: -5.37%
• YTD: -61.90%
• 6M: -61.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVTX

• 1D: 37.55%
• 1M: 188.72%
• YTD: 709.31%
• 6M: 416.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PONX vs. NVTX - Yearly Performance Comparison

	2026 (YTD)	2025
PONX Tradr 2X Long PONY Daily ETF	-61.90%	-31.52%
NVTX Tradr 2X Long NVTS Daily ETF	709.31%	-10.97%

Correlation

The correlation between PONX and NVTX is 0.40, 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 10, 2025	0.40

Return for Risk

PONX vs. NVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long PONY Daily ETF (PONX) and Tradr 2X Long NVTS Daily ETF (NVTX). 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.

Sharpe Ratios by Period

	PONX	NVTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.55	5.24	-5.79

Drawdowns

PONX vs. NVTX - Drawdown Comparison

The maximum PONX drawdown since its inception was -92.74%, roughly equal to the maximum NVTX drawdown of -89.20%. Use the drawdown chart below to compare losses from any high point for PONX and NVTX.

Drawdown Indicators

	PONX	NVTX	Difference
Max Drawdown Largest peak-to-trough decline	-92.74%	-89.20%	-3.54%
Current Drawdown Current decline from peak	-88.91%	-10.79%	-78.12%
Average Drawdown Average peak-to-trough decline	-65.33%	-60.85%	-4.48%

Volatility

Volatility by Period

	PONX	NVTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	154.43%	266.88%	-112.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	154.43%	266.88%	-112.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	154.43%	266.88%	-112.45%

PONX vs. NVTX - Expense Ratio Comparison

Both PONX and NVTX have an expense ratio of 1.30%.

Dividends

PONX vs. NVTX - Dividend Comparison

PONX has not paid dividends to shareholders, while NVTX's dividend yield for the trailing twelve months is around 2.11%.

Position	TTM	2025
NVTX Tradr 2X Long NVTS Daily ETF	2.11%	17.05%
PONX Tradr 2X Long PONY Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PONX and NVTX in my portfolio?

PONX and NVTX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PONX or NVTX?

Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PONX or NVTX?

PONX and NVTX have the same expense ratio: 1.30% per year.

Which ETF pays a higher dividend yield, PONX or NVTX?

NVTX has the higher dividend yield at 2.11%, compared with 0.00% for PONX.