NVDL vs NVDX
GraniteShares 2x Long NVDA Daily ETF vs T-Rex 2X Long NVIDIA Daily Target ETF
Which is better, NVDL or NVDX?
Each has led over a different period.
NVDL led over 1Y and 3Y, NVDX over the full window. The two have moved almost in lockstep, correlation 0.99.
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 | NVDX |
|---|---|---|
| Expense Ratio | 1.05%Tie | 1.05%Tie |
| AUM | $2.4B | $258M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 4 | 12 |
| YTD Return | -32.02%Best | -34.63% |
| 1Y Return | -37.09%Best | -42.00% |
| 3Y Return (annualized) | +60.83%Best | +59.08% |
| Volatility (annualized) | 79.3%Best | 82.0% |
| Max Drawdown | -67.5%Best | -68.2% |
| $10,000 over 3.1 years | $52,034 | $53,604Best |
| Fund Family | GraniteShares | REX Shares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Dec 13, 2022 | Oct 18, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Oct 19, 2023 to Nov 11, 2026 (3.1 years).
NVDL vs NVDX 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 3.1 years both funds cover.
NVDL vs NVDX Performance
GraniteShares 2x Long NVDA Daily ETF (NVDL) is an ETF from GraniteShares and T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) is an ETF from REX Shares. Over the past year NVDL returned -37.09% while NVDX returned -42.00%. Year to date, NVDL is down 32.02% versus a loss of 34.63% for NVDX.
Over three years, NVDL compounded at +60.83% per year against +59.08% for NVDX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDX has been the more volatile fund, with annualized monthly volatility of 82.0% compared with 79.3% for NVDL. 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 -68.2% for NVDX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
NVDL charges 1.05% per year while NVDX charges 1.05%. On a $10,000 position that is $105 vs $105 annually. On income, NVDL currently yields 0.00% against 0.00% for NVDX.
Holdings Overlap
We hold position weights for 1 holding in NVDL and 1 in NVDX, totalling 200.2% and 82.8% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 1 positions we hold weights for in NVDL and 1 in NVDX, against full books of 4 and 12.
Top Shared Holdings
| Stock | Weight in NVDL | Weight in NVDX | Difference |
|---|---|---|---|
| NVDANvidia Corp | 200.24% | 82.80% | 117.44% |
You are not choosing between two funds in isolation.
Whichever of NVDL and NVDX 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 NVDX?
NVDL has an expense ratio of 1.05% while NVDX charges 1.05%. At the precision these are quoted to, they cost the same.
Which performed better, NVDL or NVDX?
Over the past year NVDL returned -37.09% vs -42.00% for NVDX, so NVDL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVDL or NVDX?
NVDX has been the more volatile fund at 82.0% annualized versus 79.3% for NVDL. Worst drawdown: NVDL -67.5% vs NVDX -68.2%.
Should I hold both NVDL and NVDX?
NVDL and NVDX have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, NVDL or NVDX?
NVDL yields 0.00% while NVDX yields 0.00%, so NVDX currently pays the higher dividend yield.
Is NVDX better than NVDL?
NVDL led over 1Y and 3Y, NVDX over the full window. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.