USD vs. NVDA

Last updated Jun 9, 2026

USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%), while NVDA (NVIDIA Corporation) is a stock. Over the past 10 years, USD returned 59.63%/yr vs 68.47%/yr for NVDA. A 0.80 correlation means they provide meaningful diversification when combined.

Performance

USD vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Semiconductors (USD) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USD achieves a 81.60% return, which is significantly higher than NVDA's 12.01% return. Over the past 10 years, USD has underperformed NVDA with an annualized return of 59.63%, while NVDA has yielded a comparatively higher 68.47% annualized return.

USD

• 1D: 7.41%
• 1M: -0.05%
• YTD: 81.60%
• 6M: 69.12%
• 1Y: 218.18%
• 3Y*: 115.96%
• 5Y*: 65.20%
• 10Y*: 59.63%

NVDA

• 1D: 1.73%
• 1M: -2.94%
• YTD: 12.01%
• 6M: 12.58%
• 1Y: 47.43%
• 3Y*: 75.35%
• 5Y*: 64.54%
• 10Y*: 68.47%

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

USD vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USD ProShares Ultra Semiconductors	81.60%	62.08%	139.64%	228.79%	-68.57%	104.27%	68.16%	110.37%	-26.88%	81.72%
NVDA NVIDIA Corporation	12.01%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%

Correlation

The correlation between USD and NVDA is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007	0.80

The correlation between USD and NVDA shifts across timeframes, from 0.80 (all time) to 0.92 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

USD vs. NVDA — Risk / Return Rank

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

USD

USD Risk / Return Rank: 88
USD Sharpe Ratio Rank: 95
USD Sortino Ratio Rank: 79
USD Omega Ratio Rank: 81
USD Calmar Ratio Rank: 94
USD Martin Ratio Rank: 91

NVDA

NVDA Risk / Return Rank: 77
NVDA Sharpe Ratio Rank: 80
NVDA Sortino Ratio Rank: 75
NVDA Omega Ratio Rank: 73
NVDA Calmar Ratio Rank: 79
NVDA Martin Ratio Rank: 79

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.

USD vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) and NVIDIA Corporation (NVDA). 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.

	USD	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	3.43	1.37	+2.06
Sortino ratio: Return per unit of downside risk	3.15	1.94	+1.21
Omega ratio: Gain probability vs. loss probability	1.43	1.24	+0.20
Calmar ratio: Return relative to maximum drawdown	6.91	2.36	+4.55
Martin ratio: Return relative to average drawdown	19.73	5.73	+14.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USD vs. NVDA - Sharpe Ratio Comparison

The current USD Sharpe Ratio is 3.43, which is higher than the NVDA Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of USD and NVDA, 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

	USD	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.43	1.37	+2.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	1.25	-0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	1.38	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.63	-0.15

Drawdowns

USD vs. NVDA - Drawdown Comparison

The maximum USD drawdown since its inception was -88.63%, roughly equal to the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for USD and NVDA.

Drawdown Indicators

	USD	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-89.72%	+1.09%
Max Drawdown (1Y) Largest decline over 1 year	-31.80%	-20.21%	-11.59%
Max Drawdown (3Y) Largest decline over 3 years	-64.46%	-36.88%	-27.58%
Max Drawdown (5Y) Largest decline over 5 years	-77.85%	-66.34%	-11.51%
Max Drawdown (10Y) Largest decline over 10 years	-77.85%	-66.34%	-11.51%
Current Drawdown Current decline from peak	-16.10%	-11.39%	-4.71%
Average Drawdown Average peak-to-trough decline	-32.34%	-36.20%	+3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.11%	8.30%	+2.81%

Volatility

USD vs. NVDA - Volatility Comparison

ProShares Ultra Semiconductors (USD) has a higher volatility of 28.47% compared to NVIDIA Corporation (NVDA) at 13.14%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USD	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.47%	13.14%	+15.33%
Volatility (6M) Calculated over the trailing 6-month period	50.89%	26.37%	+24.52%
Volatility (1Y) Calculated over the trailing 1-year period	64.16%	34.81%	+29.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.00%	51.75%	+25.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.51%	49.85%	+19.66%

Dividends

USD vs. NVDA - Dividend Comparison

USD's dividend yield for the trailing twelve months is around 0.25%, more than NVDA's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
USD ProShares Ultra Semiconductors	0.25%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both USD and NVDA in my portfolio?

USD and NVDA have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USD or NVDA?

USD has higher volatility (28.47%) compared to NVDA (13.14%). In terms of maximum drawdown, USD dropped -88.63% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

USD currently has the higher Sharpe Ratio (3.43 vs 1.37), 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.