NVD vs VYM
GraniteShares 2x Short NVDA Daily ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | NVD | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.35% | 0.04% | |
| AUM | $97M | $81.6B | |
| Dividend Yield | 16.95% | 2.24% | |
| Holdings | 1 | 613 | |
| YTD Return | -45.70% | +14.87% | |
| 1Y Return | -59.75% | +21.39% | |
| 3Y Return (annualized) | -78.57% | +18.69% | |
| 5Y Return (annualized) | - | +11.98% | |
| Volatility (annualized) | 60.9% | 14.5% | |
| Max Drawdown | -99.2% | -58.8% | |
| Fund Family | GraniteShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 21, 2023 | Nov 10, 2006 |
NVD vs VYM Performance
GraniteShares 2x Short NVDA Daily ETF (NVD) is a ETF from GraniteShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year NVD returned -59.75% while VYM returned +21.39%. Year to date, NVD is down 45.70% versus a gain of 14.87% for VYM.
Over three years, NVD compounded at -78.57% per year against +18.69% for VYM. Across the full 3-year window we track, VYM has the edge at +7.00% annualized vs -78.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVD has been the more volatile fund, with annualized monthly volatility of 60.9% compared with 14.5% for VYM. 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 -58.8% for VYM. 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 -0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NVD charges 1.35% per year while VYM charges 0.04%. On a $10,000 position that is $135 vs $4 annually, a gap of $131 per year that compounds over a long holding period. On income, NVD currently yields 16.95% against 2.24% for VYM.
Holdings Overlap
NVD and VYM share 0 holdings out of 604 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, NVD or VYM?
NVD has an expense ratio of 1.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $131 per year of difference.
Which performed better, NVD or VYM?
Over the past year NVD returned -59.75% vs +21.39% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), NVD annualized -78.84% vs +7.00% for VYM. Past performance does not guarantee future results.
Which is riskier, NVD or VYM?
NVD has been the more volatile fund at 60.9% annualized versus 14.5% for VYM. Worst drawdown: NVD -99.2% vs VYM -58.8%.
Should I hold both NVD and VYM?
NVD and VYM have a monthly-return correlation of -0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NVD and VYM?
NVD and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, NVD or VYM?
NVD yields 16.95% while VYM yields 2.24%, so NVD currently pays the higher dividend yield.
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