NVDL vs QQQ
GraniteShares 2x Long 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 | NVDL | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.18% | |
| AUM | $4.1B | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 2 | 108 | |
| YTD Return | +10.93% | +16.64% | |
| 1Y Return | +18.58% | +27.27% | |
| 3Y Return (annualized) | +93.27% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 79.3% | 30.6% | |
| Max Drawdown | -67.5% | -83.0% | |
| Fund Family | GraniteShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 13, 2022 | Mar 10, 1999 |
NVDL vs QQQ Performance
GraniteShares 2x Long NVDA Daily ETF (NVDL) is a ETF from GraniteShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NVDL returned +18.58% while QQQ returned +27.27%. Year to date, NVDL is up 10.93% versus a gain of 16.64% for QQQ.
Over three years, NVDL compounded at +93.27% per year against +25.96% for QQQ. Across the full 4-year window we track, NVDL has the edge at +140.65% annualized vs +13.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDL has been the more volatile fund, with annualized monthly volatility of 79.3% 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 -67.5% for NVDL 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NVDL charges 1.05% per year while QQQ charges 0.18%. On a $10,000 position that is $105 vs $18 annually, a gap of $87 per year that compounds over a long holding period. On income, NVDL currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
NVDL and QQQ share 1 holdings out of 102 unique holdings combined, representing a 8.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NVDL | Weight in QQQ | Difference |
|---|---|---|---|
| NVDA | 66.66% | 8.44% | 58.22% |
Frequently Asked Questions
Which is cheaper, NVDL or QQQ?
NVDL has an expense ratio of 1.05% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $87 per year of difference.
Which performed better, NVDL or QQQ?
Over the past year NVDL returned +18.58% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), NVDL annualized +140.65% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, NVDL or QQQ?
NVDL has been the more volatile fund at 79.3% annualized versus 30.6% for QQQ. Worst drawdown: NVDL -67.5% vs QQQ -83.0%.
Should I hold both NVDL and QQQ?
NVDL and QQQ have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NVDL and QQQ?
NVDL and QQQ share 1 common holdings with a 8.4% weight overlap. Combined, they hold 102 unique securities.
Which pays a higher dividend, NVDL or QQQ?
NVDL yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.