UVIX vs. NVDS
Compare and contrast key facts about Volatility Shares 2x Long VIX Futures ETF (UVIX) and Tradr 1.25X NVDA Bear Daily ETF (NVDS).
UVIX and NVDS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UVIX is a passively managed fund by Volatility Shares that tracks the performance of the Long VIX Futures Index – Benchmark TR Gross (200%). It was launched on Mar 28, 2022. NVDS is a passively managed fund by AXS that tracks the performance of the NVIDIA Corporation (-125%). It was launched on Jul 13, 2022. Both UVIX and NVDS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UVIX vs. NVDS - Performance Comparison
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UVIX vs. NVDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UVIX Volatility Shares 2x Long VIX Futures ETF | 45.01% | -83.21% | -75.24% | -95.28% | -62.23% |
NVDS Tradr 1.25X NVDA Bear Daily ETF | 5.72% | -58.18% | -80.03% | -83.15% | -14.84% |
Returns By Period
In the year-to-date period, UVIX achieves a 45.01% return, which is significantly higher than NVDS's 5.72% return.
UVIX
- 1D
- -4.39%
- 1M
- 28.37%
- YTD
- 45.01%
- 6M
- -16.28%
- 1Y
- -77.80%
- 3Y*
- -82.70%
- 5Y*
- —
- 10Y*
- —
NVDS
- 1D
- -8.30%
- 1M
- 0.93%
- YTD
- 5.72%
- 6M
- 1.44%
- 1Y
- -61.69%
- 3Y*
- -66.79%
- 5Y*
- —
- 10Y*
- —
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UVIX vs. NVDS - Expense Ratio Comparison
UVIX has a 2.78% expense ratio, which is higher than NVDS's 1.15% expense ratio.
Return for Risk
UVIX vs. NVDS — Risk / Return Rank
UVIX
NVDS
UVIX vs. NVDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Long VIX Futures ETF (UVIX) and Tradr 1.25X NVDA Bear Daily ETF (NVDS). 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.
| UVIX | NVDS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.52 | -1.01 | +0.49 |
Sortino ratioReturn per unit of downside risk | -0.41 | -1.60 | +1.19 |
Omega ratioGain probability vs. loss probability | 0.95 | 0.80 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.83 | 0.00 |
Martin ratioReturn relative to average drawdown | -0.94 | -0.98 | +0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UVIX | NVDS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | -1.01 | +0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | -1.00 | +0.41 |
Correlation
The correlation between UVIX and NVDS is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UVIX vs. NVDS - Dividend Comparison
UVIX has not paid dividends to shareholders, while NVDS's dividend yield for the trailing twelve months is around 13.42%.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UVIX Volatility Shares 2x Long VIX Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDS Tradr 1.25X NVDA Bear Daily ETF | 13.42% | 14.19% | 14.11% | 14.69% | 5.72% |
Drawdowns
UVIX vs. NVDS - Drawdown Comparison
The maximum UVIX drawdown since its inception was -99.96%, roughly equal to the maximum NVDS drawdown of -99.20%. Use the drawdown chart below to compare losses from any high point for UVIX and NVDS.
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Drawdown Indicators
| UVIX | NVDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -99.20% | -0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -94.23% | -73.78% | -20.45% |
Current DrawdownCurrent decline from peak | -99.94% | -99.03% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -88.03% | -82.65% | -5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 82.65% | 62.48% | +20.17% |
Volatility
UVIX vs. NVDS - Volatility Comparison
Volatility Shares 2x Long VIX Futures ETF (UVIX) has a higher volatility of 58.92% compared to Tradr 1.25X NVDA Bear Daily ETF (NVDS) at 15.74%. This indicates that UVIX's price experiences larger fluctuations and is considered to be riskier than NVDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVIX | NVDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 58.92% | 15.74% | +43.18% |
Volatility (6M)Calculated over the trailing 6-month period | 94.46% | 38.94% | +55.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 149.69% | 61.44% | +88.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 138.17% | 69.41% | +68.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.17% | 69.41% | +68.76% |