RGTIW vs. NVDL
RGTIW (Rigetti Computing Inc. Warrants) is a stock, while NVDL (GraniteShares 2x Long NVDA Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past 3 years, RGTIW returned 335.54%/yr vs 98.22%/yr for NVDL. At a 0.21 correlation, their price movements are largely independent.
Performance
RGTIW vs. NVDL - Performance Comparison
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Returns By Period
In the year-to-date period, RGTIW achieves a -7.77% return, which is significantly lower than NVDL's 11.59% return.
RGTIW
- 1D
- -1.01%
- 1M
- -32.47%
- YTD
- -7.77%
- 6M
- -34.07%
- 1Y
- 156.77%
- 3Y*
- 335.54%
- 5Y*
- 57.04%
- 10Y*
- —
NVDL
- 1D
- -1.52%
- 1M
- -8.03%
- YTD
- 11.59%
- 6M
- 14.62%
- 1Y
- 67.28%
- 3Y*
- 98.22%
- 5Y*
- —
- 10Y*
- —
RGTIW vs. NVDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RGTIW Rigetti Computing Inc. Warrants | -7.77% | 75.21% | 4,596.30% | 66.66% | -39.82% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 11.59% | 32.57% | 344.58% | 432.18% | -28.71% |
Correlation
The correlation between RGTIW and NVDL is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.21 |
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Return for Risk
RGTIW vs. NVDL — Risk / Return Rank
RGTIW
NVDL
RGTIW vs. NVDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rigetti Computing Inc. Warrants (RGTIW) 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.
| RGTIW | NVDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.19 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.60 | +0.16 |
| Martin ratioReturn relative to average drawdown | 2.56 | 3.53 | -0.97 |
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Drawdowns
RGTIW vs. NVDL - Drawdown Comparison
The maximum RGTIW drawdown since its inception was -98.81%, which is greater than NVDL's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for RGTIW and NVDL.
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Drawdown Indicators
| RGTIW | NVDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.81% | -67.55% | -31.26% |
Max Drawdown (1Y)Largest decline over 1 year | -89.67% | -42.23% | -47.44% |
Max Drawdown (3Y)Largest decline over 3 years | -89.67% | -67.55% | -22.12% |
Max Drawdown (5Y)Largest decline over 5 years | -98.81% | — | — |
Current DrawdownCurrent decline from peak | -77.15% | -23.90% | -53.25% |
Average DrawdownAverage peak-to-trough decline | -70.06% | -17.05% | -53.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.57% | 19.13% | +42.44% |
Volatility
RGTIW vs. NVDL - Volatility Comparison
Rigetti Computing Inc. Warrants (RGTIW) has a higher volatility of 72.13% compared to GraniteShares 2x Long NVDA Daily ETF (NVDL) at 25.27%. This indicates that RGTIW'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.
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Volatility by Period
| RGTIW | NVDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 72.13% | 25.27% | +46.86% |
Volatility (6M)Calculated over the trailing 6-month period | 119.50% | 52.98% | +66.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 174.85% | 70.28% | +104.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 198.63% | 90.35% | +108.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 196.08% | 90.35% | +105.73% |
Dividends
RGTIW vs. NVDL - Dividend Comparison
Neither RGTIW 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% |
RGTIW Rigetti Computing Inc. Warrants | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RGTIW and NVDL have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RGTIW has higher volatility (72.13%) compared to NVDL (25.27%). In terms of maximum drawdown, RGTIW dropped -98.81% vs NVDL's -67.55%.
NVDL currently has the higher Sharpe Ratio (0.96 vs 0.90), 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.
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