TRML vs. NVDL
Compare and contrast key facts about Tourmaline Bio Inc. (TRML) and GraniteShares 2x Long NVDA Daily ETF (NVDL).
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: TRML or NVDL.
Key characteristics
| TRML | NVDL | |
|---|---|---|
| YTD Return | 9.85% | 457.08% |
| 1Y Return | 77.64% | 494.57% |
| Sharpe Ratio | 1.05 | 4.93 |
| Sortino Ratio | 1.65 | 3.69 |
| Omega Ratio | 1.25 | 1.48 |
| Calmar Ratio | 1.01 | 9.76 |
| Martin Ratio | 1.77 | 25.68 |
| Ulcer Index | 48.45% | 19.53% |
| Daily Std Dev | 81.53% | 101.74% |
| Max Drawdown | -94.97% | -51.40% |
| Current Drawdown | -65.21% | -2.42% |
Correlation
The correlation between TRML and NVDL is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TRML vs. NVDL - Performance Comparison
In the year-to-date period, TRML achieves a 9.85% return, which is significantly lower than NVDL's 457.08% 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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Risk-Adjusted Performance
TRML vs. NVDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tourmaline Bio Inc. (TRML) 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
TRML vs. NVDL - Dividend Comparison
TRML has not paid dividends to shareholders, while NVDL's dividend yield for the trailing twelve months is around 2.03%.
| TTM | 2023 | |
|---|---|---|
TRML Tourmaline Bio Inc. | 0.00% | 57.75% |
NVDL GraniteShares 2x Long NVDA Daily ETF | 2.03% | 11.29% |
Drawdowns
TRML vs. NVDL - Drawdown Comparison
The maximum TRML drawdown since its inception was -94.97%, which is greater than NVDL's maximum drawdown of -51.40%. Use the drawdown chart below to compare losses from any high point for TRML and NVDL. For additional features, visit the drawdowns tool.
Volatility
TRML vs. NVDL - Volatility Comparison
The current volatility for Tourmaline Bio Inc. (TRML) is 16.38%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 22.70%. This indicates that TRML experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.