RKLB vs. NVDX

Last updated Jun 10, 2026

RKLB (Rocket Lab USA, Inc.) is a stock, while NVDX (T-REX 2X Long NVIDIA Daily Target ETF) is Leveraged Equities fund actively managed by REX. Over the past year, RKLB returned 265.15% vs 63.72% for NVDX. At a 0.31 correlation, their price movements are largely independent.

Performance

RKLB vs. NVDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rocket Lab USA, Inc. (RKLB) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RKLB achieves a 55.15% return, which is significantly higher than NVDX's 10.05% return.

RKLB

• 1D: -4.77%
• 1M: 2.62%
• YTD: 55.15%
• 6M: 102.56%
• 1Y: 265.15%
• 3Y*: 174.72%
• 5Y*: —
• 10Y*: —

NVDX

• 1D: 3.29%
• 1M: -8.23%
• YTD: 10.05%
• 6M: 9.02%
• 1Y: 63.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RKLB vs. NVDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RKLB Rocket Lab USA, Inc.	55.15%	173.89%	360.58%	30.12%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	10.05%	26.24%	384.03%	28.06%

Correlation

The correlation between RKLB and NVDX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	0.31

Return for Risk

RKLB vs. NVDX — Risk / Return Rank

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

RKLB

RKLB Risk / Return Rank: 92
RKLB Sharpe Ratio Rank: 95
RKLB Sortino Ratio Rank: 90
RKLB Omega Ratio Rank: 87
RKLB Calmar Ratio Rank: 95
RKLB Martin Ratio Rank: 93

NVDX

NVDX Risk / Return Rank: 30
NVDX Sharpe Ratio Rank: 28
NVDX Sortino Ratio Rank: 32
NVDX Omega Ratio Rank: 30
NVDX Calmar Ratio Rank: 33
NVDX Martin Ratio Rank: 26

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.

RKLB vs. NVDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rocket Lab USA, Inc. (RKLB) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). 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.

	RKLB	NVDX	Difference
Sharpe ratio: Return per unit of total volatility	2.89	0.92	+1.97
Sortino ratio: Return per unit of downside risk	3.04	1.57	+1.46
Omega ratio: Gain probability vs. loss probability	1.37	1.19	+0.18
Calmar ratio: Return relative to maximum drawdown	6.21	1.46	+4.75
Martin ratio: Return relative to average drawdown	14.41	3.29	+11.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RKLB vs. NVDX - Sharpe Ratio Comparison

The current RKLB Sharpe Ratio is 2.89, which is higher than the NVDX Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of RKLB and NVDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RKLB	NVDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	0.92	+1.97
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	1.37	-0.62

Drawdowns

RKLB vs. NVDX - Drawdown Comparison

The maximum RKLB drawdown since its inception was -82.96%, which is greater than NVDX's maximum drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for RKLB and NVDX.

Drawdown Indicators

	RKLB	NVDX	Difference
Max Drawdown Largest peak-to-trough decline	-82.96%	-68.19%	-14.77%
Max Drawdown (1Y) Largest decline over 1 year	-43.01%	-43.76%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-55.49%	—	—
Current Drawdown Current decline from peak	-27.96%	-23.35%	-4.61%
Average Drawdown Average peak-to-trough decline	-51.34%	-20.28%	-31.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.56%	19.42%	-0.86%

Volatility

RKLB vs. NVDX - Volatility Comparison

Rocket Lab USA, Inc. (RKLB) has a higher volatility of 30.58% compared to T-REX 2X Long NVIDIA Daily Target ETF (NVDX) at 26.28%. This indicates that RKLB's price experiences larger fluctuations and is considered to be riskier than NVDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RKLB	NVDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.58%	26.28%	+4.30%
Volatility (6M) Calculated over the trailing 6-month period	72.43%	52.61%	+19.82%
Volatility (1Y) Calculated over the trailing 1-year period	92.30%	69.59%	+22.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.45%	95.73%	-14.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.45%	95.73%	-14.28%

Dividends

RKLB vs. NVDX - Dividend Comparison

RKLB has not paid dividends to shareholders, while NVDX's dividend yield for the trailing twelve months is around 3.04%.

Position	TTM	2025	2024
NVDX T-REX 2X Long NVIDIA Daily Target ETF	3.04%	3.35%	15.48%
RKLB Rocket Lab USA, Inc.	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RKLB and NVDX in my portfolio?

RKLB and NVDX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RKLB or NVDX?

RKLB has higher volatility (30.58%) compared to NVDX (26.28%). In terms of maximum drawdown, RKLB dropped -82.96% vs NVDX's -68.19%.

Which has better risk-adjusted returns?

RKLB currently has the higher Sharpe Ratio (2.89 vs 0.92), 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.