NVD vs QQQ
GraniteShares 2x Short NVDA Daily ETF vs Invesco QQQ Trust, Series 1
Which is better, NVD or QQQ?
Opposite sides of the same exposure.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.69, 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 | NVD | QQQ |
|---|---|---|
| Expense Ratio | 1.35% | 0.18%Best |
| AUM | $70M | $437.3B |
| Dividend Yield | 19.07% | 0.43% |
| Holdings | 4 | 208 |
| YTD Return | -25.93% | +7.37%Best |
| 1Y Return | -29.42% | +7.77%Best |
| 3Y Return (annualized) | -77.25% | +21.44%Best |
| 5Y Return (annualized) | - | +11.19% |
| Volatility (annualized) | 62.5% | 18.1%Best |
| Max Drawdown | - | -22.8% |
| $10,000 over 3.2 years | $114 | $18,360Best |
| Fund Family | GraniteShares | Invesco (US) |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Growth |
| Inception | Aug 21, 2023 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 22, 2023 to Nov 6, 2026 (3.2 years).
NVD vs QQQ 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 3.2 years both funds cover.
NVD vs QQQ Performance
GraniteShares 2x Short NVDA Daily ETF (NVD) is an ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year NVD returned -29.42% while QQQ returned +7.77%. Year to date, NVD is down 25.93% versus a gain of 7.37% for QQQ.
Over three years, NVD compounded at -77.25% per year against +21.44% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVD has been the more volatile fund, with annualized monthly volatility of 62.5% compared with 18.1% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at -0.69. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
NVD charges 1.35% per year while QQQ charges 0.18%. On a $10,000 position that is $135 vs $18 annually, a gap of $117 per year that compounds over a long holding period. On income, NVD currently yields 19.07% against 0.43% for QQQ.
Holdings Overlap
At least 8.1% of QQQ's money is in holdings NVD also owns.
Stated as a floor: for NVD, our book for it covers 0.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
They hold the same names on opposite sides, so owning both offsets the exposure rather than doubling it.
1 positions in common, counted across the 1 positions we hold weights for in NVD and 101 in QQQ, against full books of 4 and 208.
Top Shared Holdings
| Stock | Weight in NVD | Weight in QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | -200.03% | 8.05% | 208.08% |
You are not choosing between two funds in isolation.
Whichever of NVD and QQQ 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, NVD or QQQ?
NVD has an expense ratio of 1.35% while QQQ charges 0.18%. QQQ is the cheaper option, by $117 a year on a $10,000 investment.
Which performed better, NVD or QQQ?
Over the past year NVD returned -29.42% vs +7.77% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVD or QQQ?
NVD has been the more volatile fund at 62.5% annualized versus 18.1% for QQQ.
Should I hold both NVD and QQQ?
NVD and QQQ have a monthly-return correlation of -0.69, 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.
What is the holdings overlap between NVD and QQQ?
At least 8.1% of QQQ's money is in holdings NVD also owns. Our book for NVD is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 1 positions we hold weights for in NVD and 101 in QQQ.
Which pays a higher dividend, NVD or QQQ?
NVD yields 19.07% while QQQ yields 0.43%, so NVD currently pays the higher dividend yield.
Is QQQ better than NVD?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. The two move opposite each other, correlation -0.69, 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.