SSG vs. NVDL
Compare and contrast key facts about Proshares Ultrashort Semiconductors (SSG) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
SSG and NVDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SSG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (-200%). It was launched on Jan 30, 2007. NVDL is an actively managed fund by GraniteShares. It was launched on Dec 13, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSG or NVDL.
Key characteristics
| SSG | NVDL | |
|---|---|---|
| YTD Return | -78.85% | 439.60% |
| 1Y Return | -83.38% | 451.27% |
| Sharpe Ratio | -1.03 | 4.67 |
| Sortino Ratio | -2.48 | 3.61 |
| Omega Ratio | 0.73 | 1.47 |
| Calmar Ratio | -0.85 | 9.26 |
| Martin Ratio | -1.32 | 24.37 |
| Ulcer Index | 63.96% | 19.53% |
| Daily Std Dev | 81.73% | 101.96% |
| Max Drawdown | -100.00% | -51.40% |
| Current Drawdown | -100.00% | -5.48% |
Correlation
The correlation between SSG and NVDL is -0.91. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SSG vs. NVDL - Performance Comparison
In the year-to-date period, SSG achieves a -78.85% return, which is significantly lower than NVDL's 439.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SSG vs. NVDL - Expense Ratio Comparison
SSG has a 0.95% expense ratio, which is lower than NVDL's 1.15% expense ratio.
Risk-Adjusted Performance
SSG vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) 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.
Dividends
SSG vs. NVDL - Dividend Comparison
SSG's dividend yield for the trailing twelve months is around 4.14%, more than NVDL's 2.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SSG Proshares Ultrashort Semiconductors | 4.14% | 4.40% | 0.07% | 0.00% | 0.34% | 1.55% | 0.40% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.09% | 11.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SSG vs. NVDL - Drawdown Comparison
The maximum SSG drawdown since its inception was -100.00%, which is greater than NVDL's maximum drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for SSG and NVDL. For additional features, visit the drawdowns tool.
Volatility
SSG vs. NVDL - Volatility Comparison
Proshares Ultrashort Semiconductors (SSG) and GraniteShares 2x Long NVDA Daily ETF (NVDL) have volatilities of 22.71% and 23.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.