QQH vs. NVDL

Last updated Apr 2, 2026

Compare and contrast key facts about HCM Defender 100 Index ETF (QQH) and GraniteShares 2x Long NVDA Daily ETF (NVDL).

QQH and NVDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQH is a passively managed fund by Howard Capital Management that tracks the performance of the HCM Defender 100 Index. It was launched on Oct 10, 2019. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.

Performance

QQH vs. NVDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HCM Defender 100 Index ETF (QQH) and GraniteShares 2x Long NVDA Daily ETF (NVDL). The values are adjusted to include any dividend payments, if applicable.

QQH vs. NVDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QQH HCM Defender 100 Index ETF	-9.15%	15.66%	33.64%	48.05%	-5.58%
NVDL GraniteShares 2x Long NVDA Daily ETF	-16.23%	32.57%	344.58%	432.18%	-28.32%

Returns By Period

In the year-to-date period, QQH achieves a -9.15% return, which is significantly higher than NVDL's -16.23% return.

QQH

• 1D: 0.65%
• 1M: -6.36%
• YTD: -9.15%
• 6M: -8.25%
• 1Y: 19.48%
• 3Y*: 21.60%
• 5Y*: 10.69%
• 10Y*: —

NVDL

• 1D: 1.60%
• 1M: -8.86%
• YTD: -16.23%
• 6M: -21.72%
• 1Y: 92.71%
• 3Y*: 118.73%
• 5Y*: —
• 10Y*: —

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

QQH vs. NVDL - Expense Ratio Comparison

QQH has a 1.14% expense ratio, which is lower than NVDL's 1.15% expense ratio.

NVDL

GraniteShares 2x Long NVDA Daily ETF

QQH

HCM Defender 100 Index ETF

Return for Risk

QQH vs. NVDL — Risk / Return Rank

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

QQH

QQH Risk / Return Rank: 43
QQH Sharpe Ratio Rank: 45
QQH Sortino Ratio Rank: 44
QQH Omega Ratio Rank: 39
QQH Calmar Ratio Rank: 46
QQH Martin Ratio Rank: 38

NVDL

NVDL Risk / Return Rank: 67
NVDL Sharpe Ratio Rank: 63
NVDL Sortino Ratio Rank: 73
NVDL Omega Ratio Rank: 63
NVDL Calmar Ratio Rank: 80
NVDL Martin Ratio Rank: 54

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.

QQH vs. NVDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HCM Defender 100 Index ETF (QQH) 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.

	QQH	NVDL	Difference
Sharpe ratio Return per unit of total volatility	0.88	1.14	-0.26
Sortino ratio Return per unit of downside risk	1.29	1.90	-0.61
Omega ratio Gain probability vs. loss probability	1.16	1.24	-0.07
Calmar ratio Return relative to maximum drawdown	1.26	2.30	-1.04
Martin ratio Return relative to average drawdown	3.73	5.52	-1.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQH vs. NVDL - Sharpe Ratio Comparison

The current QQH Sharpe Ratio is 0.88, which is comparable to the NVDL Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of QQH and NVDL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQH	NVDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	1.14	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	1.59	-0.89

Correlation

The correlation between QQH and NVDL is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QQH vs. NVDL - Dividend Comparison

QQH's dividend yield for the trailing twelve months is around 0.23%, while NVDL has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
QQH HCM Defender 100 Index ETF	0.23%	0.21%	0.24%	0.27%	0.00%	0.00%	0.00%	0.21%
NVDL GraniteShares 2x Long NVDA Daily ETF	0.00%	0.00%	0.00%	11.29%	0.00%	0.00%	0.00%	0.00%

Drawdowns

QQH vs. NVDL - Drawdown Comparison

The maximum QQH drawdown since its inception was -41.87%, smaller than the maximum NVDL drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for QQH and NVDL.

Drawdown Indicators

	QQH	NVDL	Difference
Max Drawdown Largest peak-to-trough decline	-41.87%	-67.55%	+25.68%
Max Drawdown (1Y) Largest decline over 1 year	-16.18%	-42.23%	+26.05%
Max Drawdown (5Y) Largest decline over 5 years	-41.87%	—	—
Current Drawdown Current decline from peak	-14.34%	-34.75%	+20.41%
Average Drawdown Average peak-to-trough decline	-13.14%	-17.05%	+3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.49%	17.61%	-12.12%

Volatility

QQH vs. NVDL - Volatility Comparison

The current volatility for HCM Defender 100 Index ETF (QQH) is 6.41%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 20.66%. This indicates that QQH 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.

Volatility by Period

	QQH	NVDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	20.66%	-14.25%
Volatility (6M) Calculated over the trailing 6-month period	16.70%	51.42%	-34.72%
Volatility (1Y) Calculated over the trailing 1-year period	22.37%	81.87%	-59.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.65%	91.12%	-69.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.86%	91.12%	-66.26%