USD vs. NVDX
USD (ProShares Ultra Semiconductors) and NVDX (T-REX 2X Long NVIDIA Daily Target ETF) are both Leveraged Equities funds. USD is passively managed, while NVDX is actively managed. Over the past year, USD returned 92.29% vs -0.09% for NVDX. Their correlation of 0.91 means they have usually moved in the same direction. USD charges 0.95%/yr vs 1.05%/yr for NVDX.
Performance
USD vs. NVDX - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 50.25% return, which is significantly higher than NVDX's -2.69% return.
USD
- 1D
- 1.44%
- 1M
- -10.08%
- 6M
- 34.80%
- YTD
- 50.25%
- 1Y
- 92.29%
- 3Y*
- 87.71%
- 5Y*
- 55.02%
- 10Y*
- 54.19%
- ALL TIME*
- 28.07%
NVDX
- 1D
- 5.58%
- 1M
- 3.93%
- 6M
- -5.82%
- YTD
- -2.69%
- 1Y
- -0.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 107.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $104.20M | $115.30M | $173.21M | |
| $68.86M | $72.62M | $95.81M |
USD vs. NVDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 50.25% | 62.08% | 139.64% | 44.58% |
NVDX T-REX 2X Long NVIDIA Daily Target ETF | -2.69% | 26.24% | 384.03% | 28.06% |
Correlation
The correlation between USD and NVDX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.91 |
The correlation between USD and NVDX has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
USD vs. NVDX - Sectors Allocation Comparison
Sectors
USD
NVDX
Technology
Financial Services
-
Energy
-
Basic Materials
-
-
Communication Services
-
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Healthcare
-
-
Industrials
-
-
Real Estate
-
-
Utilities
-
-
Technology
USD
NVDX
Financial Services
USD
NVDX
-
Energy
USD
NVDX
-
Basic Materials
USD
-
NVDX
-
Communication Services
USD
-
NVDX
-
Consumer Cyclical
USD
-
NVDX
-
Consumer Defensive
USD
-
NVDX
-
Healthcare
USD
-
NVDX
-
Industrials
USD
-
NVDX
-
Real Estate
USD
-
NVDX
-
Utilities
USD
-
NVDX
-
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Return for Risk
USD vs. NVDX — Risk / Return Rank
USD
NVDX
USD vs. NVDX - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USD | NVDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.05 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | -0.11 | +2.27 |
| Martin ratioReturn relative to average drawdown | 6.21 | -0.22 | +6.43 |
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Drawdowns
USD vs. NVDX - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than NVDX's maximum drawdown of -68.19%. Use the drawdown chart below to compare losses from any high point for USD and NVDX.
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Drawdown Indicators
| USD | NVDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -68.19% | -20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -39.33% | -43.76% | +4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | — | — |
Current DrawdownCurrent decline from peak | -30.59% | -32.22% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -32.23% | -20.74% | -11.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.62% | 22.46% | -8.84% |
Volatility
USD vs. NVDX - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 28.19% compared to T-REX 2X Long NVIDIA Daily Target ETF (NVDX) at 24.18%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier than NVDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD | NVDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.19% | 24.18% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 61.13% | 56.63% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.80% | 72.80% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.73% | 94.85% | -16.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.38% | 94.85% | -24.47% |
USD vs. NVDX - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is lower than NVDX's 1.05% expense ratio.
Dividends
USD vs. NVDX - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.39%, less than NVDX's 3.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDX T-REX 2X Long NVIDIA Daily Target ETF | 3.44% | 3.35% | 15.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.39% | 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
USD and NVDX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (28.19%) compared to NVDX (24.18%). In terms of maximum drawdown, USD dropped -88.63% vs NVDX's -68.19%.
On 1-year performance, USD leads with 92.29% vs -0.09% for NVDX. On fees, USD is cheaper at 0.95% per year. On volatility, NVDX has been the lower-risk option at 24.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USD has performed better with a 92.29% return vs -0.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USD is cheaper with a 0.95% expense ratio, compared with 1.05% for NVDX.
NVDX has the higher dividend yield at 3.44%, compared with 0.39% for USD.
They also come from different issuers: ProShares and REX. Their fees differ too: 0.95% for USD and 1.05% for NVDX.
USD currently has the higher Sharpe Ratio (1.15 vs -0.07), 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.
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