NVDL vs UPRO
GraniteShares 2x Long NVDA Daily ETF vs ProShares UltraPro S&P 500
Which is better, NVDL or UPRO?
Each has led over a different period.
UPRO has a lower expense ratio. NVDL led over 3Y and the full window, UPRO over 1Y.
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 | UPRO |
|---|---|---|
| Expense Ratio | 1.05% | 0.88%Best |
| AUM | $3.5B | $5.7B |
| Dividend Yield | 0.00% | 0.77% |
| Holdings | 4 | 520 |
| YTD Return | +9.90% | +30.25%Best |
| 1Y Return | +14.86% | +37.56%Best |
| 3Y Return (annualized) | +93.07%Best | +51.76% |
| 5Y Return (annualized) | - | +19.00% |
| Volatility (annualized) | 78.3% | 38.6%Best |
| Max Drawdown | -67.5% | -49.1%Best |
| $10,000 over 3.8 years | $244,544Best | $39,209 |
| Fund Family | GraniteShares | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Dec 13, 2022 | Jun 23, 2009 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Dec 13, 2022 to Oct 15, 2026 (3.8 years).
NVDL vs UPRO 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 UPRO Performance
GraniteShares 2x Long NVDA Daily ETF (NVDL) is an ETF from GraniteShares and ProShares UltraPro S&P 500 (UPRO) is an ETF from ProShares. Over the past year NVDL returned +14.86% while UPRO returned +37.56%. Year to date, NVDL is up 9.90% versus a gain of 30.25% for UPRO.
Over three years, NVDL compounded at +93.07% per year against +51.76% for UPRO. Across the full 4-year window we track, NVDL has the edge at +131.93% annualized vs +43.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDL has been the more volatile fund, with annualized monthly volatility of 78.3% compared with 38.6% for UPRO. 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 -67.5% for NVDL and -49.1% for UPRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NVDL charges 1.05% per year while UPRO charges 0.88%. On a $10,000 position that is $105 vs $88 annually, a gap of $17 per year that compounds over a long holding period. On income, NVDL currently yields 0.00% against 0.77% for UPRO.
You are not choosing between two funds in isolation.
Whichever of NVDL and UPRO 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 UPRO?
NVDL has an expense ratio of 1.05% while UPRO charges 0.88%. UPRO is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, NVDL or UPRO?
Over the past year NVDL returned +14.86% vs +37.56% for UPRO, so UPRO leads on 1-year performance. Over the longest common window we track (4 years), NVDL annualized +131.93% vs +43.27% for UPRO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVDL or UPRO?
NVDL has been the more volatile fund at 78.3% annualized versus 38.6% for UPRO. Worst drawdown: NVDL -67.5% vs UPRO -49.1%.
Should I hold both NVDL and UPRO?
NVDL and UPRO have a monthly-return correlation of 0.58, 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, NVDL or UPRO?
NVDL yields 0.00% while UPRO yields 0.77%, so UPRO currently pays the higher dividend yield.
Is UPRO better than NVDL?
UPRO has a lower expense ratio. NVDL led over 3Y and the full window, UPRO over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.