NVDD vs NVDX
Direxion Daily NVDA Bear 1X ETF vs T-Rex 2X Long NVIDIA Daily Target ETF
Which is better, NVDD or NVDX?
Opposite sides of the same exposure.
NVDD has a lower expense ratio. NVDX 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 | NVDX |
|---|---|---|
| Expense Ratio | 1.01%Best | 1.05% |
| AUM | $16M | $441M |
| Dividend Yield | 4.73% | 0.00% |
| Holdings | 9 | 13 |
| YTD Return | -19.27% | +10.15%Best |
| 1Y Return | -23.66% | +9.78%Best |
| 3Y Return (annualized) | -48.47% | +107.55%Best |
| Volatility (annualized) | 31.7%Best | 78.8% |
| Max Drawdown | -88.8% | -68.2%Best |
| $10,000 over 3 years | $1,245 | $89,406Best |
| Fund Family | Direxion Shares ETF Trust | REX Shares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Sep 13, 2023 | Oct 18, 2023 |
Not shown on this pair: 5Y Return (annualized), 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).
NVDD 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.
NVDD vs NVDX Performance
Direxion Daily NVDA Bear 1X ETF (NVDD) is an ETF from Direxion Shares ETF Trust and T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) is an ETF from REX Shares. Over the past year NVDD returned -23.66% while NVDX returned +9.78%. Year to date, NVDD is down 19.27% versus a gain of 10.15% for NVDX.
Over three years, NVDD compounded at -48.47% 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 31.7% 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 -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 -0.97. 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 NVDX 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 NVDX.
Holdings Overlap
We hold position weights for 3 holdings in NVDD and 1 in NVDX, totalling 84.4% 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 3 positions we hold weights for in NVDD and 1 in NVDX, against full books of 9 and 13.
You are not choosing between two funds in isolation.
Whichever of NVDD 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, NVDD or NVDX?
NVDD has an expense ratio of 1.01% while NVDX charges 1.05%. NVDD is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, NVDD or NVDX?
Over the past year NVDD returned -23.66% 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, NVDD or NVDX?
NVDX has been the more volatile fund at 78.8% annualized versus 31.7% for NVDD. Worst drawdown: NVDD -88.8% vs NVDX -68.2%.
Should I hold both NVDD and NVDX?
NVDD and NVDX 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 NVDX?
NVDD yields 4.73% while NVDX yields 0.00%, so NVDD currently pays the higher dividend yield.
Is NVDX better than NVDD?
NVDD has a lower expense ratio. NVDX 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.