SOL-USD vs. NVDX

Last updated Jun 10, 2026

SOL-USD (Solana) is a cryptocurrency, while NVDX (T-REX 2X Long NVIDIA Daily Target ETF) is Leveraged Equities fund actively managed by REX. Over the past year, SOL-USD returned -59.60% vs 60.92% for NVDX. At a 0.17 correlation, their price movements are largely independent.

Performance

SOL-USD vs. NVDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Solana (SOL-USD) 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, SOL-USD achieves a -47.66% return, which is significantly lower than NVDX's 9.58% return.

SOL-USD

• 1D: -2.50%
• 1M: -32.46%
• YTD: -47.66%
• 6M: -52.76%
• 1Y: -59.60%
• 3Y*: 60.89%
• 5Y*: 9.65%
• 10Y*: —

NVDX

• 1D: -0.42%
• 1M: -8.62%
• YTD: 9.58%
• 6M: 9.23%
• 1Y: 60.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOL-USD vs. NVDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SOL-USD Solana	-47.66%	-34.09%	85.68%	334.20%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	9.58%	26.24%	384.03%	28.06%

Correlation

The correlation between SOL-USD and NVDX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	0.17

Return for Risk

SOL-USD vs. NVDX — Risk / Return Rank

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

SOL-USD

SOL-USD Risk / Return Rank: 42
SOL-USD Sharpe Ratio Rank: 38
SOL-USD Sortino Ratio Rank: 41
SOL-USD Omega Ratio Rank: 42
SOL-USD Calmar Ratio Rank: 48
SOL-USD Martin Ratio Rank: 40

NVDX

NVDX Risk / Return Rank: 29
NVDX Sharpe Ratio Rank: 27
NVDX Sortino Ratio Rank: 32
NVDX Omega Ratio Rank: 30
NVDX Calmar Ratio Rank: 32
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.

SOL-USD vs. NVDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solana (SOL-USD) 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.

	SOL-USD	NVDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.83	0.88	-1.71
Sortino ratio: Return per unit of downside risk	-1.23	1.54	-2.77
Omega ratio: Gain probability vs. loss probability	0.88	1.18	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.80	1.40	-2.20
Martin ratio: Return relative to average drawdown	-1.30	3.14	-4.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOL-USD vs. NVDX - Sharpe Ratio Comparison

The current SOL-USD Sharpe Ratio is -0.83, which is lower than the NVDX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of SOL-USD 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

	SOL-USD	NVDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.83	0.88	-1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.33	-0.47

Drawdowns

SOL-USD vs. NVDX - Drawdown Comparison

The maximum SOL-USD drawdown since its inception was -96.27%, which is greater than NVDX's maximum drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for SOL-USD and NVDX.

Drawdown Indicators

	SOL-USD	NVDX	Difference
Max Drawdown Largest peak-to-trough decline	-96.27%	-68.19%	-28.08%
Max Drawdown (1Y) Largest decline over 1 year	-74.89%	-43.76%	-31.13%
Max Drawdown (3Y) Largest decline over 3 years	-76.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-96.27%	—	—
Current Drawdown Current decline from peak	-75.14%	-23.68%	-51.46%
Average Drawdown Average peak-to-trough decline	-51.38%	-20.27%	-31.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.72%	19.47%	+33.25%

Volatility

SOL-USD vs. NVDX - Volatility Comparison

The current volatility for Solana (SOL-USD) is 16.21%, while T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a volatility of 25.98%. This indicates that SOL-USD experiences smaller price fluctuations and is considered to be less risky than NVDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOL-USD	NVDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.21%	25.98%	-9.77%
Volatility (6M) Calculated over the trailing 6-month period	46.43%	52.60%	-6.17%
Volatility (1Y) Calculated over the trailing 1-year period	60.21%	69.45%	-9.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.48%	95.62%	-13.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	99.89%	95.62%	+4.27%

Frequently Asked Questions

Can I hold both SOL-USD and NVDX in my portfolio?

SOL-USD and NVDX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOL-USD or NVDX?

NVDX has higher volatility (25.98%) compared to SOL-USD (16.21%). In terms of maximum drawdown, SOL-USD dropped -96.27% vs NVDX's -68.19%.

Which has better risk-adjusted returns?

NVDX currently has the higher Sharpe Ratio (0.88 vs -0.83), 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.