NVD vs QQQ
GraniteShares 2x Short NVDA Daily ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | NVD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.35% | 0.18% | |
| AUM | $51M | $496.3B | |
| Dividend Yield | 16.95% | 0.44% | |
| Holdings | 1 | 108 | |
| YTD Return | -39.68% | +16.23% | |
| 1Y Return | -52.98% | +26.23% | |
| 3Y Return (annualized) | -78.49% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 61.4% | 30.6% | |
| Max Drawdown | -99.2% | -83.0% | |
| Fund Family | GraniteShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 21, 2023 | Mar 10, 1999 |
NVD vs QQQ Performance
GraniteShares 2x Short NVDA Daily ETF (NVD) is a ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NVD returned -52.98% while QQQ returned +26.23%. Year to date, NVD is down 39.68% versus a gain of 16.23% for QQQ.
Over three years, NVD compounded at -78.49% per year against +25.75% for QQQ. Across the full 3-year window we track, QQQ has the edge at +13.02% annualized vs -78.49%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVD has been the more volatile fund, with annualized monthly volatility of 61.4% compared with 30.6% for QQQ. 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 -99.2% for NVD and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
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 16.95% against 0.44% for QQQ.
Holdings Overlap
NVD and QQQ share 1 holdings out of 102 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NVD | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | -200.53% | 8.44% | 208.97% |
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. On a $10,000 investment, that is $117 per year of difference.
Which performed better, NVD or QQQ?
Over the past year NVD returned -52.98% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), NVD annualized -78.49% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, NVD or QQQ?
NVD has been the more volatile fund at 61.4% annualized versus 30.6% for QQQ. Worst drawdown: NVD -99.2% vs QQQ -83.0%.
Should I hold both NVD and QQQ?
NVD and QQQ have a monthly-return correlation of -0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NVD and QQQ?
NVD and QQQ share 1 common holdings with a 0.0% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, NVD or QQQ?
NVD yields 16.95% while QQQ yields 0.44%, so NVD currently pays the higher dividend yield.
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