NVDL vs NVDQ
GraniteShares 2x Long NVDA Daily ETF vs T-Rex 2X Inverse NVIDIA Daily Target ETF
Which is better, NVDL or NVDQ?
Opposite sides of the same exposure.
NVDL led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.95, 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 | NVDL | NVDQ |
|---|---|---|
| Expense Ratio | 1.05%Tie | 1.05%Tie |
| AUM | $3.5B | $14M |
| Dividend Yield | 0.00% | 0.53% |
| Holdings | 4 | 5 |
| YTD Return | +14.36%Best | -47.59% |
| 1Y Return | +19.21%Best | -55.89% |
| 3Y Return (annualized) | +95.77%Best | -82.43% |
| Volatility (annualized) | 76.0% | 58.1%Best |
| Max Drawdown | -67.5% | - |
| $10,000 over 3 years | $86,669Best | $54 |
| Fund Family | GraniteShares | REX Shares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Dec 13, 2022 | 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).
NVDL vs NVDQ 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.
NVDL vs NVDQ Performance
GraniteShares 2x Long NVDA Daily ETF (NVDL) is an ETF from GraniteShares and T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) is an ETF from REX Shares. Over the past year NVDL returned +19.21% while NVDQ returned -55.89%. Year to date, NVDL is up 14.36% versus a loss of 47.59% for NVDQ.
Over three years, NVDL compounded at +95.77% per year against -82.43% for NVDQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDL has been the more volatile fund, with annualized monthly volatility of 76.0% compared with 58.1% for NVDQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at -0.95. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
NVDL charges 1.05% per year while NVDQ charges 1.05%. On a $10,000 position that is $105 vs $105 annually. On income, NVDL currently yields 0.00% against 0.53% for NVDQ.
You are not choosing between two funds in isolation.
Whichever of NVDL and NVDQ 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, NVDL or NVDQ?
NVDL has an expense ratio of 1.05% while NVDQ charges 1.05%. At the precision these are quoted to, they cost the same.
Which performed better, NVDL or NVDQ?
Over the past year NVDL returned +19.21% vs -55.89% for NVDQ, so NVDL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVDL or NVDQ?
NVDL has been the more volatile fund at 76.0% annualized versus 58.1% for NVDQ.
Should I hold both NVDL and NVDQ?
NVDL and NVDQ have a monthly-return correlation of -0.95, 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, NVDL or NVDQ?
NVDL yields 0.00% while NVDQ yields 0.53%, so NVDQ currently pays the higher dividend yield.
Is NVDQ better than NVDL?
NVDL led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.95, 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.