YNVD.NEO vs. NVDX

Last updated Jun 24, 2026

YNVD.NEO (NVIDIA (NVDA) Yield Shares Purpose ETF) and NVDX (T-REX 2X Long NVIDIA Daily Target ETF) are both exchange-traded funds - YNVD.NEO is a Derivative Income fund actively managed by Purpose Investments, while NVDX is a Leveraged Equities fund actively managed by REX. Both are actively managed. Over the past year, YNVD.NEO returned 46.25% vs 48.85% for NVDX. Their correlation of 0.94 suggests significant overlap in exposure. YNVD.NEO charges 1.94%/yr vs 1.05%/yr for NVDX.

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.

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 8.49% return, which is significantly higher than NVDX's 3.08% return.

YNVD.NEO

• 1D: -5.43%
• 1M: -7.30%
• YTD: 8.49%
• 6M: 7.41%
• 1Y: 46.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDX

• 1D: -8.33%
• 1M: -13.70%
• YTD: 3.08%
• 6M: -0.78%
• 1Y: 48.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YNVD.NEO vs. NVDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	8.49%	39.74%	132.75%
NVDX T-REX 2X Long NVIDIA Daily Target ETF	3.08%	20.48%	306.69%

Correlation

The correlation between YNVD.NEO and NVDX is 0.95, 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	0.95
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024	0.94

The correlation between YNVD.NEO and NVDX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

YNVD.NEO vs. NVDX - Sectors Allocation Comparison

Sectors	YNVD.NEO	NVDX
Technology	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

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: 42
YNVD.NEO Sharpe Ratio Rank: 37
YNVD.NEO Sortino Ratio Rank: 36
YNVD.NEO Omega Ratio Rank: 35
YNVD.NEO Calmar Ratio Rank: 58
YNVD.NEO Martin Ratio Rank: 41

NVDX

NVDX Risk / Return Rank: 22
NVDX Sharpe Ratio Rank: 19
NVDX Sortino Ratio Rank: 24
NVDX Omega Ratio Rank: 22
NVDX Calmar Ratio Rank: 23
NVDX Martin Ratio Rank: 20

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.

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.

	YNVD.NEO	NVDX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	0.70	+0.56
Sortino ratio: Return per unit of downside risk	1.81	1.35	+0.46
Omega ratio: Gain probability vs. loss probability	1.22	1.16	+0.06
Calmar ratio: Return relative to maximum drawdown	2.64	1.12	+1.53
Martin ratio: Return relative to average drawdown	6.34	2.38	+3.96

YNVD.NEO vs. NVDX - Sharpe Ratio Comparison

The current YNVD.NEO Sharpe Ratio is 1.25, which is higher than the NVDX Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of YNVD.NEO and NVDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YNVD.NEO vs. NVDX - Drawdown Comparison

The maximum YNVD.NEO drawdown since its inception was -41.03%, smaller than the maximum NVDX drawdown of -67.68%. 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	-41.03%	-67.68%	+26.65%
Max Drawdown (1Y) Largest decline over 1 year	-17.58%	-44.00%	+26.42%
Current Drawdown Current decline from peak	-14.57%	-28.25%	+13.68%
Average Drawdown Average peak-to-trough decline	-9.25%	-20.30%	+11.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.31%	20.55%	-13.24%

Volatility

YNVD.NEO vs. NVDX - Volatility Comparison

The current volatility for NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) is 15.99%, while T-REX 2X Long NVIDIA Daily Target ETF (NVDX) has a volatility of 26.78%. 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	15.99%	26.78%	-10.79%
Volatility (6M) Calculated over the trailing 6-month period	29.30%	53.43%	-24.13%
Volatility (1Y) Calculated over the trailing 1-year period	37.12%	70.55%	-33.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.80%	95.33%	-42.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.80%	95.33%	-42.53%

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.

Dividends

YNVD.NEO vs. NVDX - Dividend Comparison

YNVD.NEO's dividend yield for the trailing twelve months is around 20.17%, more than NVDX's 3.36% yield.

Position	TTM	2025	2024
NVDX T-REX 2X Long NVIDIA Daily Target ETF	3.36%	3.35%	15.48%
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF	20.17%	20.15%	16.07%

Frequently Asked Questions

Can I hold both YNVD.NEO and NVDX in my portfolio?

With a correlation of 0.95, YNVD.NEO and NVDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, YNVD.NEO or NVDX?

On fees, NVDX is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YNVD.NEO or NVDX?

NVDX is cheaper with a 1.05% expense ratio, compared with 1.94% for YNVD.NEO.

What is the main difference between YNVD.NEO and NVDX?

YNVD.NEO is categorized as Derivative Income, while NVDX is Leveraged Equities. They also come from different issuers: Purpose Investments and REX. Their fees differ too: 1.94% for YNVD.NEO and 1.05% for NVDX.