YSPY vs. NVDL

Last updated Aug 4, 2026

YSPY (GraniteShares YieldBOOST SPY ETF) and NVDL (GraniteShares 2x Long NVDA Daily ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. Over the past year, YSPY returned 19.61% vs 11.79% for NVDL. Their 0.52 correlation means they have sometimes moved together and sometimes differently. YSPY charges 1.07%/yr vs 1.05%/yr for NVDL.

Performance

YSPY vs. NVDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST SPY ETF (YSPY) and GraniteShares 2x Long NVDA Daily ETF (NVDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YSPY achieves a 4.15% return, which is significantly lower than NVDL's 6.22% return.

YSPY

• 1D: 0.27%
• 1M: 2.01%
• 6M: -0.78%
• YTD: 4.15%
• 1Y: 19.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.81%

NVDL

• 1D: 5.91%
• 1M: 10.42%
• 6M: 8.76%
• YTD: 6.22%
• 1Y: 11.79%
• 3Y*: 90.39%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 138.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NVDL GraniteShares 2x Long NVDA Daily ETF	$355.76M	$397.97M	$691.00M
YSPY GraniteShares YieldBOOST SPY ETF	$147.95K	$153.14K	$322.50K

YSPY vs. NVDL - Yearly Performance Comparison

	2026 (YTD)	2025
YSPY GraniteShares YieldBOOST SPY ETF	4.15%	8.36%
NVDL GraniteShares 2x Long NVDA Daily ETF	6.22%	64.50%

Correlation

The correlation between YSPY and NVDL is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.53
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025	0.52

The correlation between YSPY and NVDL has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.

Return for Risk

YSPY vs. NVDL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YSPY

YSPY Risk / Return Rank: 42
YSPY Sharpe Ratio Rank: 42
YSPY Sortino Ratio Rank: 37
YSPY Omega Ratio Rank: 51
YSPY Calmar Ratio Rank: 38
YSPY Martin Ratio Rank: 43

NVDL

NVDL Risk / Return Rank: 17
NVDL Sharpe Ratio Rank: 14
NVDL Sortino Ratio Rank: 21
NVDL Omega Ratio Rank: 21
NVDL Calmar Ratio Rank: 16
NVDL Martin Ratio Rank: 15

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

YSPY vs. NVDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST SPY ETF (YSPY) and GraniteShares 2x Long NVDA Daily ETF (NVDL). 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.

	YSPY	NVDL	Difference
Sharpe ratio: Return per unit of total volatility	1.06	0.16	+0.90
Sortino ratio: Return per unit of downside risk	1.40	0.75	+0.65
Omega ratio: Gain probability vs. loss probability	1.24	1.09	+0.15
Calmar ratio: Return relative to maximum drawdown	1.35	0.28	+1.07
Martin ratio: Return relative to average drawdown	4.87	0.54	+4.32

YSPY vs. NVDL - Sharpe Ratio Comparison

The current YSPY Sharpe Ratio is 1.06, which is higher than the NVDL Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of YSPY and NVDL, 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

YSPY vs. NVDL - Drawdown Comparison

The maximum YSPY drawdown since its inception was -18.74%, smaller than the maximum NVDL drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for YSPY and NVDL.

Drawdown Indicators

	YSPY	NVDL	Difference
Max Drawdown Largest peak-to-trough decline	-18.74%	-67.55%	+48.81%
Max Drawdown (1Y) Largest decline over 1 year	-14.60%	-42.23%	+27.63%
Max Drawdown (3Y) Largest decline over 3 years	—	-67.55%	—
Current Drawdown Current decline from peak	-1.74%	-27.56%	+25.82%
Average Drawdown Average peak-to-trough decline	-4.75%	-17.46%	+12.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	21.70%	-17.66%

Volatility

YSPY vs. NVDL - Volatility Comparison

The current volatility for GraniteShares YieldBOOST SPY ETF (YSPY) is 1.53%, while GraniteShares 2x Long NVDA Daily ETF (NVDL) has a volatility of 24.44%. This indicates that YSPY experiences smaller price fluctuations and is considered to be less risky than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YSPY	NVDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	24.44%	-22.91%
Volatility (6M) Calculated over the trailing 6-month period	12.38%	56.61%	-44.23%
Volatility (1Y) Calculated over the trailing 1-year period	18.57%	72.68%	-54.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.25%	90.02%	-69.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.25%	90.02%	-69.77%

YSPY vs. NVDL - Expense Ratio Comparison

YSPY has a 1.07% expense ratio, which is higher than NVDL's 1.05% expense ratio.

Dividends

YSPY vs. NVDL - Dividend Comparison

YSPY's dividend yield for the trailing twelve months is around 50.57%, while NVDL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
NVDL GraniteShares 2x Long NVDA Daily ETF	0.00%	0.00%	0.00%	11.29%
YSPY GraniteShares YieldBOOST SPY ETF	50.57%	45.57%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YSPY and NVDL in my portfolio?

YSPY and NVDL have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YSPY or NVDL?

NVDL has higher volatility (24.44%) compared to YSPY (1.53%). In terms of maximum drawdown, YSPY dropped -18.74% vs NVDL's -67.55%.

Which ETF is better, YSPY or NVDL?

On 1-year performance, YSPY leads with 19.61% vs 11.79% for NVDL. On fees, NVDL is cheaper at 1.05% per year. On volatility, YSPY has been the lower-risk option at 1.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YSPY or NVDL?

Over the 1-year period, YSPY has performed better with a 19.61% return vs 11.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YSPY or NVDL?

NVDL is cheaper with a 1.05% expense ratio, compared with 1.07% for YSPY.

Which ETF pays a higher dividend yield, YSPY or NVDL?

YSPY has the higher dividend yield at 50.57%, compared with 0.00% for NVDL.

What is the main difference between YSPY and NVDL?

Their fees differ too: 1.07% for YSPY and 1.05% for NVDL.

Which has better risk-adjusted returns?

YSPY currently has the higher Sharpe Ratio (1.06 vs 0.16), 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.