SCA vs. NVDL
SCA (GraniteShares Autocallable SMCI ETF) and NVDL (GraniteShares 2x Long NVDA Daily ETF) are both exchange-traded funds - SCA is a Derivative Income fund actively managed by GraniteShares, while NVDL is a Leveraged Equities fund actively managed by GraniteShares. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. SCA charges 1.07%/yr vs 1.05%/yr for NVDL.
Performance
SCA vs. NVDL - Performance Comparison
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Returns By Period
SCA
- 1D
- -0.32%
- 1M
- 0.59%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
NVDL
- 1D
- -3.20%
- 1M
- 6.61%
- 6M
- 12.40%
- YTD
- 9.18%
- 1Y
- 17.97%
- 3Y*
- 92.08%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 142.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $414.24M | $415.78M | $745.29M | |
| $4.59K | $7.11K | $8.84K |
SCA vs. NVDL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SCA GraniteShares Autocallable SMCI ETF | -6.10% |
NVDL GraniteShares 2x Long NVDA Daily ETF | -9.61% |
Correlation
The correlation between SCA and NVDL is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 27, 2026 | 0.58 |
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Return for Risk
SCA vs. NVDL — Risk / Return Rank
SCA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NVDL
SCA vs. NVDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable SMCI ETF (SCA) 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.
| SCA | NVDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.10 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.43 | — |
| Martin ratioReturn relative to average drawdown | — | 0.86 | — |
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Drawdowns
SCA vs. NVDL - Drawdown Comparison
The maximum SCA drawdown since its inception was -27.40%, smaller than the maximum NVDL drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for SCA and NVDL.
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Drawdown Indicators
| SCA | NVDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.40% | -67.55% | +40.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -42.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.55% | — |
Current DrawdownCurrent decline from peak | -10.90% | -25.54% | +14.64% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -17.35% | +4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.01% | — |
Volatility
SCA vs. NVDL - Volatility Comparison
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Volatility by Period
| SCA | NVDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 20.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 54.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 62.79% | 71.46% | -8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.79% | 89.98% | -27.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.79% | 89.98% | -27.19% |
SCA vs. NVDL - Expense Ratio Comparison
SCA has a 1.07% expense ratio, which is higher than NVDL's 1.05% expense ratio.
Dividends
SCA vs. NVDL - Dividend Comparison
SCA's dividend yield for the trailing twelve months is around 7.36%, while NVDL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NVDL GraniteShares 2x Long NVDA Daily ETF | 0.00% | 0.00% | 0.00% | 11.29% |
SCA GraniteShares Autocallable SMCI ETF | 7.36% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCA and NVDL have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NVDL is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NVDL is cheaper with a 1.05% expense ratio, compared with 1.07% for SCA.
SCA has the higher dividend yield at 7.36%, compared with 0.00% for NVDL.
SCA is categorized as Derivative Income, while NVDL is Leveraged Equities. Their fees differ too: 1.07% for SCA and 1.05% for NVDL.
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