HDGE vs NVDL
AdvisorShares Active Bear ETF vs GraniteShares 2x Long NVDA Daily ETF
Which is better, HDGE or NVDL?
NVDL has been ahead.
NVDL has a lower expense ratio. NVDL 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 | HDGE | NVDL |
|---|---|---|
| Expense Ratio | 3.62% | 1.05%Best |
| AUM | $56M | $3.5B |
| Dividend Yield | 3.56% | 0.00% |
| Holdings | 64 | 4 |
| YTD Return | -3.65% | +14.36%Best |
| 1Y Return | -2.84% | +19.21%Best |
| 3Y Return (annualized) | -9.93% | +95.77%Best |
| 5Y Return (annualized) | -6.86% | - |
| Volatility (annualized) | 22.0%Best | 78.1% |
| Max Drawdown | -46.9%Best | -67.5% |
| $10,000 over 3.8 years | $6,585 | $255,002Best |
| Fund Family | Advisor Shares | GraniteShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jan 26, 2011 | Dec 13, 2022 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 13, 2022 to Oct 14, 2026 (3.8 years).
HDGE vs NVDL 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.
HDGE vs NVDL Performance
AdvisorShares Active Bear ETF (HDGE) is an ETF from Advisor Shares and GraniteShares 2x Long NVDA Daily ETF (NVDL) is an ETF from GraniteShares. Over the past year HDGE returned -2.84% while NVDL returned +19.21%. Year to date, HDGE is down 3.65% versus a gain of 14.36% for NVDL.
Over three years, HDGE compounded at -9.93% per year against +95.77% for NVDL. Across the full 4-year window we track, NVDL has the edge at +134.50% annualized vs -10.41%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDL has been the more volatile fund, with annualized monthly volatility of 78.1% compared with 22.0% for HDGE. 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 -46.9% for HDGE and -67.5% for NVDL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.31. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HDGE charges 3.62% per year while NVDL charges 1.05%. On a $10,000 position that is $362 vs $105 annually, a gap of $257 per year that compounds over a long holding period. On income, HDGE currently yields 3.56% against 0.00% for NVDL.
You are not choosing between two funds in isolation.
Whichever of HDGE and NVDL 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, HDGE or NVDL?
HDGE has an expense ratio of 3.62% while NVDL charges 1.05%. NVDL is the cheaper option, by $257 a year on a $10,000 investment.
Which performed better, HDGE or NVDL?
Over the past year HDGE returned -2.84% vs +19.21% for NVDL, so NVDL leads on 1-year performance. Over the longest common window we track (4 years), HDGE annualized -10.41% vs +134.50% for NVDL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HDGE or NVDL?
NVDL has been the more volatile fund at 78.1% annualized versus 22.0% for HDGE. Worst drawdown: HDGE -46.9% vs NVDL -67.5%.
Should I hold both HDGE and NVDL?
HDGE and NVDL have a monthly-return correlation of -0.31, 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, HDGE or NVDL?
HDGE yields 3.56% while NVDL yields 0.00%, so HDGE currently pays the higher dividend yield.
Is NVDL better than HDGE?
NVDL has a lower expense ratio. NVDL 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.