ALTY vs NVDX
Global X Alternative Income ETF vs T-Rex 2X Long NVIDIA Daily Target ETF
Which is better, ALTY or NVDX?
NVDX has been ahead.
ALTY has a lower expense ratio. NVDX led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ALTY | NVDX |
|---|---|---|
| Expense Ratio | 0.50%Best | 1.05% |
| AUM | $45M | $441M |
| Dividend Yield | 7.94% | 0.00% |
| Holdings | 44 | 13 |
| YTD Return | +2.26% | +10.15%Best |
| 1Y Return | +6.15% | +9.78%Best |
| 3Y Return (annualized) | +11.10% | +107.55%Best |
| 5Y Return (annualized) | +4.50% | - |
| Volatility (annualized) | 7.7%Best | 78.8% |
| Max Drawdown | -10.1%Best | -68.2% |
| $10,000 over 3 years | $13,948 | $89,406Best |
| Fund Family | Global X by mirae Asset | REX Shares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 13, 2015 | Oct 18, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 19, 2023 to Oct 14, 2026 (3 years).
ALTY vs NVDX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
ALTY vs NVDX Performance
Global X Alternative Income ETF (ALTY) is an ETF from Global X by mirae Asset and T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) is an ETF from REX Shares. Over the past year ALTY returned +6.15% while NVDX returned +9.78%. Year to date, ALTY is up 2.26% versus a gain of 10.15% for NVDX.
Over three years, ALTY compounded at +11.10% per year against +107.55% for NVDX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDX has been the more volatile fund, with annualized monthly volatility of 78.8% compared with 7.7% for ALTY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -10.1% for ALTY and -68.2% for NVDX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.24. They move largely independently of each other.
Fees and Cost Over Time
ALTY charges 0.50% per year while NVDX charges 1.05%. On a $10,000 position that is $50 vs $105 annually, a gap of $55 per year that compounds over a long holding period. On income, ALTY currently yields 7.94% against 0.00% for NVDX.
Holdings Overlap
We hold position weights for 20 holdings in ALTY and 1 in NVDX, totalling 100.0% and 83.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 20 positions we hold weights for in ALTY and 1 in NVDX, against full books of 44 and 13.
You are not choosing between two funds in isolation.
Whichever of ALTY and NVDX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ALTY or NVDX?
ALTY has an expense ratio of 0.50% while NVDX charges 1.05%. ALTY is the cheaper option, by $55 a year on a $10,000 investment.
Which performed better, ALTY or NVDX?
Over the past year ALTY returned +6.15% vs +9.78% for NVDX, so NVDX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALTY or NVDX?
NVDX has been the more volatile fund at 78.8% annualized versus 7.7% for ALTY. Worst drawdown: ALTY -10.1% vs NVDX -68.2%.
Should I hold both ALTY and NVDX?
ALTY and NVDX have a monthly-return correlation of 0.24, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ALTY or NVDX?
ALTY yields 7.94% while NVDX yields 0.00%, so ALTY currently pays the higher dividend yield.
Is NVDX better than ALTY?
ALTY has a lower expense ratio. NVDX led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.