USAX vs. NVTX

Last updated Jun 5, 2026

USAX (Tradr 2X Long USAR Daily ETF) and NVTX (Tradr 2X Long NVTS Daily ETF) are both Leveraged Equities funds from Tradr. USAX is passively managed, while NVTX is actively managed. At a 0.49 correlation, their price movements are largely independent. USAX charges 1.49%/yr vs 1.30%/yr for NVTX.

Performance

USAX vs. NVTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long USAR Daily ETF (USAX) and Tradr 2X Long NVTS Daily ETF (NVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USAX

• 1D: -5.13%
• 1M: -10.62%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVTX

• 1D: -36.75%
• 1M: 69.29%
• YTD: 407.23%
• 6M: 174.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USAX vs. NVTX - Yearly Performance Comparison

	2026 (YTD)
USAX Tradr 2X Long USAR Daily ETF	53.72%
NVTX Tradr 2X Long NVTS Daily ETF	206.18%

Correlation

The correlation between USAX and NVTX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026	0.49

Return for Risk

USAX vs. NVTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long USAR Daily ETF (USAX) and Tradr 2X Long NVTS Daily ETF (NVTX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	USAX	NVTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	2.50	-1.59

Drawdowns

USAX vs. NVTX - Drawdown Comparison

The maximum USAX drawdown since its inception was -77.92%, smaller than the maximum NVTX drawdown of -89.20%. Use the drawdown chart below to compare losses from any high point for USAX and NVTX.

Drawdown Indicators

	USAX	NVTX	Difference
Max Drawdown Largest peak-to-trough decline	-77.92%	-89.20%	+11.28%
Current Drawdown Current decline from peak	-35.79%	-44.09%	+8.30%
Average Drawdown Average peak-to-trough decline	-45.74%	-60.50%	+14.76%

Volatility

Volatility by Period

	USAX	NVTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	222.68%	269.33%	-46.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	222.68%	269.33%	-46.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	222.68%	269.33%	-46.65%

USAX vs. NVTX - Expense Ratio Comparison

USAX has a 1.49% expense ratio, which is higher than NVTX's 1.30% expense ratio.

Dividends

USAX vs. NVTX - Dividend Comparison

USAX has not paid dividends to shareholders, while NVTX's dividend yield for the trailing twelve months is around 3.36%.

Position	TTM	2025
NVTX Tradr 2X Long NVTS Daily ETF	3.36%	17.05%
USAX Tradr 2X Long USAR Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both USAX and NVTX in my portfolio?

USAX and NVTX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USAX or NVTX?

On fees, NVTX is cheaper at 1.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USAX or NVTX?

NVTX is cheaper with a 1.30% expense ratio, compared with 1.49% for USAX.

Which ETF pays a higher dividend yield, USAX or NVTX?

NVTX has the higher dividend yield at 3.36%, compared with 0.00% for USAX.

What is the main difference between USAX and NVTX?

Their fees differ too: 1.49% for USAX and 1.30% for NVTX.