FSEP vs NVDD
FT Vest US Equity Buffer ETF - September vs Direxion Daily NVDA Bear 1X ETF
Which is better, FSEP or NVDD?
Opposite sides of the same exposure.
FSEP has a lower expense ratio. FSEP led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.62, so holding both offsets the exposure while paying both fees.
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 | FSEP | NVDD |
|---|---|---|
| Expense Ratio | 0.85%Best | 1.01% |
| AUM | $1.4B | $16M |
| Dividend Yield | 0.00% | 4.73% |
| Holdings | 10 | 9 |
| YTD Return | +11.52%Best | -19.27% |
| 1Y Return | +14.29%Best | -23.66% |
| 3Y Return (annualized) | +15.18%Best | -48.47% |
| 5Y Return (annualized) | +10.70% | - |
| Volatility (annualized) | 7.5%Best | 31.9% |
| Max Drawdown | -12.4%Best | -88.8% |
| $10,000 over 3.1 years | $15,093Best | $1,338 |
| Fund Family | First Trust Portfolios (US) | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Sep 18, 2020 | Sep 13, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 13, 2023 to Oct 14, 2026 (3.1 years).
FSEP vs NVDD 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 covers the 3.1 years both funds cover.
FSEP vs NVDD Performance
FT Vest US Equity Buffer ETF - September (FSEP) is an ETF from First Trust Portfolios (US) and Direxion Daily NVDA Bear 1X ETF (NVDD) is an ETF from Direxion Shares ETF Trust. Over the past year FSEP returned +14.29% while NVDD returned -23.66%. Year to date, FSEP is up 11.52% versus a loss of 19.27% for NVDD.
Over three years, FSEP compounded at +15.18% per year against -48.47% for NVDD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDD has been the more volatile fund, with annualized monthly volatility of 31.9% compared with 7.5% for FSEP. 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 -12.4% for FSEP and -88.8% for NVDD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.62. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
FSEP charges 0.85% per year while NVDD charges 1.01%. On a $10,000 position that is $85 vs $101 annually, a gap of $16 per year that compounds over a long holding period. On income, FSEP currently yields 0.00% against 4.73% for NVDD.
You are not choosing between two funds in isolation.
Whichever of FSEP and NVDD 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, FSEP or NVDD?
FSEP has an expense ratio of 0.85% while NVDD charges 1.01%. FSEP is the cheaper option, by $16 a year on a $10,000 investment.
Which performed better, FSEP or NVDD?
Over the past year FSEP returned +14.29% vs -23.66% for NVDD, so FSEP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FSEP or NVDD?
NVDD has been the more volatile fund at 31.9% annualized versus 7.5% for FSEP. Worst drawdown: FSEP -12.4% vs NVDD -88.8%.
Should I hold both FSEP and NVDD?
FSEP and NVDD have a monthly-return correlation of -0.62, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, FSEP or NVDD?
FSEP yields 0.00% while NVDD yields 4.73%, so NVDD currently pays the higher dividend yield.
Is NVDD better than FSEP?
FSEP has a lower expense ratio. FSEP led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.62, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.