METD vs NVDL
Direxion Daily META Bear 1X ETF vs GraniteShares 2x Long NVDA Daily ETF
Which is better, METD or NVDL?
NVDL has been ahead.
METD has a lower expense ratio. NVDL led over 1Y 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 | METD | NVDL |
|---|---|---|
| Expense Ratio | 1.02%Best | 1.05% |
| AUM | $11M | $3.5B |
| Dividend Yield | 2.82% | 0.00% |
| Holdings | 16 | 4 |
| YTD Return | -20.74% | +14.36%Best |
| 1Y Return | -14.38% | +19.21%Best |
| 3Y Return (annualized) | - | +95.77% |
| Volatility (annualized) | 32.0%Best | 63.9% |
| Max Drawdown | -50.6%Best | -67.5% |
| $10,000 over 2.4 years | $5,539 | $14,774Best |
| Fund Family | Direxion Shares ETF Trust | GraniteShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jun 5, 2024 | Dec 13, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Jun 5, 2024 to Oct 14, 2026 (2.4 years).
METD 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 covers the 2.4 years both funds cover.
METD vs NVDL Performance
Direxion Daily META Bear 1X ETF (METD) is an ETF from Direxion Shares ETF Trust and GraniteShares 2x Long NVDA Daily ETF (NVDL) is an ETF from GraniteShares. Over the past year METD returned -14.38% while NVDL returned +19.21%. Year to date, METD is down 20.74% versus a gain of 14.36% for NVDL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDL has been the more volatile fund, with annualized monthly volatility of 63.9% compared with 32.0% for METD. 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 -50.6% for METD 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 -0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
METD charges 1.02% per year while NVDL charges 1.05%. On a $10,000 position that is $102 vs $105 annually, a gap of $3 per year that compounds over a long holding period. On income, METD currently yields 2.82% against 0.00% for NVDL.
You are not choosing between two funds in isolation.
Whichever of METD 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, METD or NVDL?
METD has an expense ratio of 1.02% while NVDL charges 1.05%. METD is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, METD or NVDL?
Over the past year METD returned -14.38% vs +19.21% for NVDL, so NVDL leads on 1-year performance. Over the longest common window we track (2 years), METD annualized -21.82% vs +17.66% for NVDL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, METD or NVDL?
NVDL has been the more volatile fund at 63.9% annualized versus 32.0% for METD. Worst drawdown: METD -50.6% vs NVDL -67.5%.
Should I hold both METD and NVDL?
METD and NVDL have a monthly-return correlation of -0.44, 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, METD or NVDL?
METD yields 2.82% while NVDL yields 0.00%, so METD currently pays the higher dividend yield.
Is NVDL better than METD?
METD has a lower expense ratio. NVDL led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.