NVDD vs NVDL
Direxion Daily NVDA Bear 1X ETF vs GraniteShares 2x Long NVDA Daily ETF
Which is better, NVDD or NVDL?
Opposite sides of the same exposure.
NVDD has a lower expense ratio. NVDL led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.97, 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 | NVDD | NVDL |
|---|---|---|
| Expense Ratio | 1.01%Best | 1.05% |
| AUM | $16M | $3.5B |
| Dividend Yield | 4.73% | 0.00% |
| Holdings | 9 | 4 |
| YTD Return | -19.27% | +14.36%Best |
| 1Y Return | -23.66% | +19.21%Best |
| 3Y Return (annualized) | -48.47% | +95.77%Best |
| Volatility (annualized) | 31.9%Best | 75.7% |
| Max Drawdown | -88.8% | -67.5%Best |
| $10,000 over 3.1 years | $1,338 | $76,063Best |
| Fund Family | Direxion Shares ETF Trust | GraniteShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Sep 13, 2023 | Dec 13, 2022 |
Not shown on this pair: 5Y Return (annualized), 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).
NVDD 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.
NVDD vs NVDL Performance
Direxion Daily NVDA Bear 1X ETF (NVDD) 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 NVDD returned -23.66% while NVDL returned +19.21%. Year to date, NVDD is down 19.27% versus a gain of 14.36% for NVDL.
Over three years, NVDD compounded at -48.47% per year against +95.77% 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 75.7% compared with 31.9% for NVDD. 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 -88.8% for NVDD 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 -0.97. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
NVDD charges 1.01% per year while NVDL charges 1.05%. On a $10,000 position that is $101 vs $105 annually, a gap of $4 per year that compounds over a long holding period. On income, NVDD currently yields 4.73% against 0.00% for NVDL.
You are not choosing between two funds in isolation.
Whichever of NVDD 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, NVDD or NVDL?
NVDD has an expense ratio of 1.01% while NVDL charges 1.05%. NVDD is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, NVDD or NVDL?
Over the past year NVDD returned -23.66% vs +19.21% for NVDL, so NVDL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVDD or NVDL?
NVDL has been the more volatile fund at 75.7% annualized versus 31.9% for NVDD. Worst drawdown: NVDD -88.8% vs NVDL -67.5%.
Should I hold both NVDD and NVDL?
NVDD and NVDL have a monthly-return correlation of -0.97, 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, NVDD or NVDL?
NVDD yields 4.73% while NVDL yields 0.00%, so NVDD currently pays the higher dividend yield.
Is NVDL better than NVDD?
NVDD has a lower expense ratio. NVDL led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.97, 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.