NVD vs VOO
GraniteShares 2x Short NVDA Daily ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NVD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.35% | 0.03% | |
| AUM | $68M | $979.0B | |
| Dividend Yield | 16.25% | 1.09% | |
| Holdings | 1 | 509 | |
| YTD Return | -39.68% | +13.44% | |
| 1Y Return | -49.46% | +22.62% | |
| 3Y Return (annualized) | -78.76% | +21.47% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 61.4% | 14.1% | |
| Max Drawdown | -99.2% | -34.3% | |
| Fund Family | GraniteShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 21, 2023 | Sep 7, 2010 |
NVD vs VOO Performance
GraniteShares 2x Short NVDA Daily ETF (NVD) is a ETF from GraniteShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NVD returned -49.46% while VOO returned +22.62%. Year to date, NVD is down 39.68% versus a gain of 13.44% for VOO.
Over three years, NVD compounded at -78.76% per year against +21.47% for VOO. Across the full 3-year window we track, VOO has the edge at +13.55% annualized vs -78.76%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 -0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NVD charges 1.35% per year while VOO charges 0.03%. On a $10,000 position that is $135 vs $3 annually, a gap of $132 per year that compounds over a long holding period. On income, NVD currently yields 16.25% against 1.09% for VOO.
Holdings Overlap
NVD and VOO share 1 holdings out of 505 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 VOO | Difference |
|---|---|---|---|
| NVDA | -200.53% | 7.51% | 208.04% |
Frequently Asked Questions
Which is cheaper, NVD or VOO?
NVD has an expense ratio of 1.35% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $132 per year of difference.
Which performed better, NVD or VOO?
Over the past year NVD returned -49.46% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), NVD annualized -78.76% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, NVD or VOO?
NVD has been the more volatile fund at 61.4% annualized versus 14.1% for VOO. Worst drawdown: NVD -99.2% vs VOO -34.3%.
Should I hold both NVD and VOO?
NVD and VOO have a monthly-return correlation of -0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NVD and VOO?
NVD and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, NVD or VOO?
NVD yields 16.25% while VOO yields 1.09%, so NVD currently pays the higher dividend yield.
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