YNVD.NEO vs. NVDX

Last updated Apr 2, 2026

Compare and contrast key facts about NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX).

YNVD.NEO and NVDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YNVD.NEO is an actively managed fund by Purpose Investments. It was launched on Jan 18, 2024. NVDX is an actively managed fund by REX. It was launched on Oct 19, 2023.

Performance

YNVD.NEO vs. NVDX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) and T-REX 2X Long NVIDIA Daily Target ETF (NVDX). The values are adjusted to include any dividend payments, if applicable.

YNVD.NEO vs. NVDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	-4.19%	44.51%	133.89%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	-16.30%	20.45%	292.92%

Different Trading Currencies

YNVD.NEO is traded in CAD, while NVDX is traded in USD. To make them comparable, the NVDX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, YNVD.NEO achieves a -4.19% return, which is significantly higher than NVDX's -16.30% return.

YNVD.NEO

• 1D: 7.20%
• 1M: -4.17%
• YTD: -4.19%
• 6M: 1.49%
• 1Y: 74.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDX

• 1D: 1.44%
• 1M: -7.88%
• YTD: -16.30%
• 6M: -24.25%
• 1Y: 77.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YNVD.NEO vs. NVDX - Expense Ratio Comparison

YNVD.NEO has a 1.94% expense ratio, which is higher than NVDX's 1.05% expense ratio.

YNVD.NEO

NVIDIA (NVDA) Yield Shares Purpose ETF

NVDX

T-REX 2X Long NVIDIA Daily Target ETF

Return for Risk

YNVD.NEO vs. NVDX — Risk / Return Rank

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

YNVD.NEO

YNVD.NEO Risk / Return Rank: 87
YNVD.NEO Sharpe Ratio Rank: 84
YNVD.NEO Sortino Ratio Rank: 85
YNVD.NEO Omega Ratio Rank: 80
YNVD.NEO Calmar Ratio Rank: 96
YNVD.NEO Martin Ratio Rank: 90

NVDX

NVDX Risk / Return Rank: 61
NVDX Sharpe Ratio Rank: 55
NVDX Sortino Ratio Rank: 69
NVDX Omega Ratio Rank: 59
NVDX Calmar Ratio Rank: 74
NVDX Martin Ratio Rank: 48

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.

YNVD.NEO vs. NVDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) 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.

	YNVD.NEO	NVDX	Difference
Sharpe ratio Return per unit of total volatility	1.73	0.95	+0.78
Sortino ratio Return per unit of downside risk	2.39	1.72	+0.67
Omega ratio Gain probability vs. loss probability	1.33	1.22	+0.11
Calmar ratio Return relative to maximum drawdown	4.56	1.84	+2.72
Martin ratio Return relative to average drawdown	12.47	4.27	+8.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YNVD.NEO vs. NVDX - Sharpe Ratio Comparison

The current YNVD.NEO Sharpe Ratio is 1.73, which is higher than the NVDX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of YNVD.NEO and NVDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YNVD.NEO	NVDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	0.95	+0.78
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.25	+0.08

Correlation

The correlation between YNVD.NEO and NVDX is 0.94, 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.

Dividends

YNVD.NEO vs. NVDX - Dividend Comparison

YNVD.NEO's dividend yield for the trailing twelve months is around 25.81%, more than NVDX's 4.05% yield.

	TTM	2025	2024
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	25.81%	23.48%	17.81%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	4.05%	3.35%	15.48%

Drawdowns

YNVD.NEO vs. NVDX - Drawdown Comparison

The maximum YNVD.NEO drawdown since its inception was -41.02%, smaller than the maximum NVDX drawdown of -67.92%. Use the drawdown chart below to compare losses from any high point for YNVD.NEO and NVDX.

Drawdown Indicators

	YNVD.NEO	NVDX	Difference
Max Drawdown Largest peak-to-trough decline	-41.02%	-68.19%	+27.17%
Max Drawdown (1Y) Largest decline over 1 year	-17.21%	-43.76%	+26.55%
Current Drawdown Current decline from peak	-10.22%	-36.49%	+26.27%
Average Drawdown Average peak-to-trough decline	-9.26%	-20.52%	+11.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.33%	18.29%	-11.96%

Volatility

YNVD.NEO vs. NVDX - Volatility Comparison

The current volatility for NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) is 13.09%, while T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a volatility of 20.72%. This indicates that YNVD.NEO 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.

Volatility by Period

	YNVD.NEO	NVDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.09%	20.72%	-7.63%
Volatility (6M) Calculated over the trailing 6-month period	27.75%	51.47%	-23.72%
Volatility (1Y) Calculated over the trailing 1-year period	43.32%	81.86%	-38.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.42%	96.19%	-42.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.42%	96.19%	-42.77%