NVDD vs XYLD
Direxion Daily NVDA Bear 1X ETF vs Global X S&P 500 Covered Call ETF
Which is better, NVDD or XYLD?
XYLD has been ahead.
XYLD has a lower expense ratio. XYLD 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 | NVDD | XYLD |
|---|---|---|
| Expense Ratio | 1.01% | 0.60%Best |
| AUM | $16M | $3.4B |
| Dividend Yield | 4.73% | 10.44% |
| Holdings | 9 | 1,014 |
| YTD Return | -19.27% | +11.42%Best |
| 1Y Return | -23.66% | +18.43%Best |
| 3Y Return (annualized) | -48.47% | +13.38%Best |
| 5Y Return (annualized) | - | +7.59% |
| Volatility (annualized) | 31.9% | 6.1%Best |
| Max Drawdown | -88.8% | -16.1%Best |
| $10,000 over 3.1 years | $1,338 | $14,451Best |
| Fund Family | Direxion Shares ETF Trust | Global X by mirae Asset |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Sep 13, 2023 | Jun 21, 2013 |
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).
NVDD vs XYLD 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.
NVDD vs XYLD Performance
Direxion Daily NVDA Bear 1X ETF (NVDD) is an ETF from Direxion Shares ETF Trust and Global X S&P 500 Covered Call ETF (XYLD) is an ETF from Global X by mirae Asset. Over the past year NVDD returned -23.66% while XYLD returned +18.43%. Year to date, NVDD is down 19.27% versus a gain of 11.42% for XYLD.
Over three years, NVDD compounded at -48.47% per year against +13.38% for XYLD.
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 6.1% for XYLD. 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 -16.1% for XYLD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.35. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NVDD charges 1.01% per year while XYLD charges 0.60%. On a $10,000 position that is $101 vs $60 annually, a gap of $41 per year that compounds over a long holding period. On income, NVDD currently yields 4.73% against 10.44% for XYLD.
Holdings Overlap
We hold position weights for 3 holdings in NVDD and 496 in XYLD, totalling 84.4% and 101.3% 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 496 in XYLD, against full books of 9 and 1,014.
You are not choosing between two funds in isolation.
Whichever of NVDD and XYLD 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 XYLD?
NVDD has an expense ratio of 1.01% while XYLD charges 0.60%. XYLD is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, NVDD or XYLD?
Over the past year NVDD returned -23.66% vs +18.43% for XYLD, so XYLD leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVDD or XYLD?
NVDD has been the more volatile fund at 31.9% annualized versus 6.1% for XYLD. Worst drawdown: NVDD -88.8% vs XYLD -16.1%.
Should I hold both NVDD and XYLD?
NVDD and XYLD have a monthly-return correlation of -0.35, 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, NVDD or XYLD?
NVDD yields 4.73% while XYLD yields 10.44%, so XYLD currently pays the higher dividend yield.
Is XYLD better than NVDD?
XYLD has a lower expense ratio. XYLD 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.