RDTL vs. NVDL

Last updated Jun 24, 2026

RDTL (GraniteShares 2x Long RDDT Daily ETF) and NVDL (GraniteShares 2x Long NVDA Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. Over the past year, RDTL returned -15.91% vs 52.74% for NVDL. At a 0.31 correlation, their price movements are largely independent. RDTL charges 1.50%/yr vs 1.05%/yr for NVDL.

Performance

RDTL vs. NVDL - Performance Comparison

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

Returns By Period

In the year-to-date period, RDTL achieves a -61.77% return, which is significantly lower than NVDL's 2.41% return.

RDTL

• 1D: -6.16%
• 1M: 27.13%
• YTD: -61.77%
• 6M: -60.64%
• 1Y: -15.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDL

• 1D: -8.23%
• 1M: -15.60%
• YTD: 2.41%
• 6M: -0.74%
• 1Y: 52.74%
• 3Y*: 92.63%
• 5Y*: —
• 10Y*: —

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

RDTL vs. NVDL - Yearly Performance Comparison

	2026 (YTD)	2025
RDTL GraniteShares 2x Long RDDT Daily ETF	-61.77%	104.22%
NVDL GraniteShares 2x Long NVDA Daily ETF	2.41%	88.14%

Correlation

The correlation between RDTL and NVDL is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025	0.31

RDTL vs. NVDL - Sectors Allocation Comparison

Sectors	RDTL	NVDL
Communication Services	66.7%	0.0%
Basic Materials	-	0.0%
Consumer Cyclical	-	0.0%
Consumer Defensive	-	0.0%
Energy	-	0.0%
Financial Services	-	100.0%
Healthcare	-	0.0%
Industrials	-	0.0%
Real Estate	-	0.0%
Technology	-	100.0%
Utilities	-	0.0%

Return for Risk

RDTL vs. NVDL — Risk / Return Rank

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

RDTL

RDTL Risk / Return Rank: 11
RDTL Sharpe Ratio Rank: 8
RDTL Sortino Ratio Rank: 16
RDTL Omega Ratio Rank: 15
RDTL Calmar Ratio Rank: 7
RDTL Martin Ratio Rank: 8

NVDL

NVDL Risk / Return Rank: 24
NVDL Sharpe Ratio Rank: 22
NVDL Sortino Ratio Rank: 26
NVDL Omega Ratio Rank: 25
NVDL Calmar Ratio Rank: 26
NVDL Martin Ratio Rank: 23

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.

RDTL vs. NVDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RDDT Daily ETF (RDTL) 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.

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.

	RDTL	NVDL	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	0.75	-0.87
Sortino ratio: Return per unit of downside risk	0.77	1.41	-0.64
Omega ratio: Gain probability vs. loss probability	1.09	1.17	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.19	1.25	-1.44
Martin ratio: Return relative to average drawdown	-0.29	2.75	-3.04

RDTL vs. NVDL - Sharpe Ratio Comparison

The current RDTL Sharpe Ratio is -0.12, which is lower than the NVDL Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of RDTL and NVDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RDTL vs. NVDL - Drawdown Comparison

The maximum RDTL drawdown since its inception was -85.21%, which is greater than NVDL's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for RDTL and NVDL.

Drawdown Indicators

	RDTL	NVDL	Difference
Max Drawdown Largest peak-to-trough decline	-85.21%	-67.55%	-17.66%
Max Drawdown (1Y) Largest decline over 1 year	-85.21%	-42.23%	-42.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-67.55%	—
Current Drawdown Current decline from peak	-76.73%	-30.16%	-46.57%
Average Drawdown Average peak-to-trough decline	-44.92%	-17.07%	-27.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.52%	19.22%	+36.30%

Volatility

RDTL vs. NVDL - Volatility Comparison

GraniteShares 2x Long RDDT Daily ETF (RDTL) has a higher volatility of 49.06% compared to GraniteShares 2x Long NVDA Daily ETF (NVDL) at 26.32%. This indicates that RDTL's price experiences larger fluctuations and is considered to be riskier than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDTL	NVDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	49.06%	26.32%	+22.74%
Volatility (6M) Calculated over the trailing 6-month period	95.69%	53.60%	+42.09%
Volatility (1Y) Calculated over the trailing 1-year period	131.93%	70.66%	+61.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.06%	90.42%	+52.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.06%	90.42%	+52.64%

RDTL vs. NVDL - Expense Ratio Comparison

RDTL has a 1.50% expense ratio, which is higher than NVDL's 1.05% expense ratio.

Dividends

RDTL vs. NVDL - Dividend Comparison

Neither RDTL nor NVDL has paid dividends to shareholders.

Position	TTM	2025	2024	2023
NVDL GraniteShares 2x Long NVDA Daily ETF	0.00%	0.00%	0.00%	11.29%
RDTL GraniteShares 2x Long RDDT Daily ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RDTL and NVDL in my portfolio?

RDTL and NVDL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDTL or NVDL?

RDTL has higher volatility (49.06%) compared to NVDL (26.32%). In terms of maximum drawdown, RDTL dropped -85.21% vs NVDL's -67.55%.

Which ETF is better, RDTL or NVDL?

On 1-year performance, NVDL leads with 52.74% vs -15.91% for RDTL. On fees, NVDL is cheaper at 1.05% per year. On volatility, NVDL has been the lower-risk option at 26.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTL or NVDL?

Over the 1-year period, NVDL has performed better with a 52.74% return vs -15.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTL or NVDL?

NVDL is cheaper with a 1.05% expense ratio, compared with 1.50% for RDTL.

Which ETF pays a higher dividend yield, RDTL or NVDL?

RDTL and NVDL have nearly identical dividend yields, around 0.00%.

What is the main difference between RDTL and NVDL?

Their fees differ too: 1.50% for RDTL and 1.05% for NVDL.

Which has better risk-adjusted returns?

NVDL currently has the higher Sharpe Ratio (0.75 vs -0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.