USD vs. NVDX
Compare and contrast key facts about ProShares Ultra Semiconductors (USD) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX).
USD and NVDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USD 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. NVDX is an actively managed fund by REX Shares. It was launched on Oct 19, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USD or NVDX.
Correlation
The correlation between USD and NVDX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
USD vs. NVDX - Performance Comparison
Key characteristics
USD:
-0.20
NVDX:
-0.08
USD:
0.32
NVDX:
0.69
USD:
1.04
NVDX:
1.09
USD:
-0.34
NVDX:
-0.17
USD:
-0.70
NVDX:
-0.35
USD:
24.65%
NVDX:
27.20%
USD:
88.46%
NVDX:
112.99%
USD:
-87.94%
NVDX:
-57.25%
USD:
-50.20%
NVDX:
-55.87%
Returns By Period
In the year-to-date period, USD achieves a -37.15% return, which is significantly higher than NVDX's -42.93% return.
USD
-37.15%
-23.52%
-26.64%
-18.41%
55.22%
39.16%
NVDX
-42.93%
-25.74%
-30.17%
-9.42%
N/A
N/A
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USD vs. NVDX - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is lower than NVDX's 1.05% expense ratio.
Risk-Adjusted Performance
USD vs. NVDX — Risk-Adjusted Performance Rank
USD
NVDX
USD vs. NVDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (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.
Dividends
USD vs. NVDX - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.28%, less than NVDX's 27.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 0.28% | 0.10% | 0.05% | 0.30% | 0.00% | 0.17% | 0.72% | 1.47% | 0.32% | 7.20% | 0.79% | 2.89% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 27.13% | 15.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USD vs. NVDX - Drawdown Comparison
The maximum USD drawdown since its inception was -87.94%, which is greater than NVDX's maximum drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for USD and NVDX. For additional features, visit the drawdowns tool.
Volatility
USD vs. NVDX - Volatility Comparison
The current volatility for ProShares Ultra Semiconductors (USD) is 25.20%, while T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a volatility of 29.54%. This indicates that 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.