PYPU vs. NVDU

Last updated Jun 30, 2026

PYPU (Direxion Daily PYPL Bull 2X Shares) and NVDU (Direxion Daily NVDA Bull 2X Shares ETF) are both Leveraged Equities funds from Direxion. Both are actively managed. At a 0.27 correlation, their price movements are largely independent.

Performance

PYPU vs. NVDU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PYPL Bull 2X Shares (PYPU) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PYPU

• 1D: 0.03%
• 1M: -3.07%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDU

• 1D: 3.33%
• 1M: -16.94%
• YTD: -2.97%
• 6M: -4.84%
• 1Y: 21.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PYPU vs. NVDU - Yearly Performance Comparison

	2026 (YTD)
PYPU Direxion Daily PYPL Bull 2X Shares	-7.56%
NVDU Direxion Daily NVDA Bull 2X Shares ETF	15.35%

Correlation

The correlation between PYPU and NVDU is 0.27, 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 Mar 25, 2026	0.27

Return for Risk

PYPU vs. NVDU — Risk / Return Rank

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

PYPU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NVDU

NVDU Risk / Return Rank: 15
NVDU Sharpe Ratio Rank: 13
NVDU Sortino Ratio Rank: 17
NVDU Omega Ratio Rank: 17
NVDU Calmar Ratio Rank: 15
NVDU Martin Ratio Rank: 14

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.

PYPU vs. NVDU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PYPL Bull 2X Shares (PYPU) and Direxion Daily NVDA Bull 2X Shares ETF (NVDU). 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.

	PYPU	NVDU	Difference
Sharpe ratio: Return per unit of total volatility	—	0.30	—
Sortino ratio: Return per unit of downside risk	—	0.91	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.50	—
Martin ratio: Return relative to average drawdown	—	1.08	—

Drawdowns

PYPU vs. NVDU - Drawdown Comparison

The maximum PYPU drawdown since its inception was -38.65%, smaller than the maximum NVDU drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for PYPU and NVDU.

Drawdown Indicators

	PYPU	NVDU	Difference
Max Drawdown Largest peak-to-trough decline	-38.65%	-67.27%	+28.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.27%	—
Current Drawdown Current decline from peak	-28.71%	-33.91%	+5.20%
Average Drawdown Average peak-to-trough decline	-18.11%	-19.00%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.76%	—

Volatility

Volatility by Period

	PYPU	NVDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	52.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	63.57%	70.13%	-6.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.57%	90.85%	-27.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.57%	90.85%	-27.28%

Dividends

PYPU vs. NVDU - Dividend Comparison

PYPU's dividend yield for the trailing twelve months is around 0.71%, less than NVDU's 6.08% yield.

Position	TTM	2025	2024	2023
NVDU Direxion Daily NVDA Bull 2X Shares ETF	6.08%	5.68%	16.85%	0.63%
PYPU Direxion Daily PYPL Bull 2X Shares	0.71%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PYPU and NVDU in my portfolio?

PYPU and NVDU have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, PYPU or NVDU?

NVDU has the higher dividend yield at 6.08%, compared with 0.71% for PYPU.