NVDL vs VOO
GraniteShares 2x Long 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 509 holdings.
Side-by-Side Comparison
| Metric | NVDL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.03% | |
| AUM | $4.1B | $997.4B | |
| Dividend Yield | 0.00% | 1.08% | |
| Holdings | 2 | 509 | |
| YTD Return | +13.43% | +12.25% | |
| 1Y Return | +20.57% | +20.92% | |
| 3Y Return (annualized) | +91.93% | +21.79% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 79.3% | 14.1% | |
| Max Drawdown | -67.5% | -34.3% | |
| Fund Family | GraniteShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 13, 2022 | Sep 7, 2010 |
NVDL vs VOO Performance
GraniteShares 2x Long NVDA Daily ETF (NVDL) is a ETF from GraniteShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year NVDL returned +20.57% while VOO returned +20.92%. Year to date, NVDL is up 13.43% versus a gain of 12.25% for VOO.
Over three years, NVDL compounded at +91.93% per year against +21.79% for VOO. Across the full 4-year window we track, NVDL has the edge at +142.27% annualized vs +13.45%. 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 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 -67.5% for NVDL 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NVDL charges 1.05% per year while VOO charges 0.03%. On a $10,000 position that is $105 vs $3 annually, a gap of $102 per year that compounds over a long holding period. On income, NVDL currently yields 0.00% against 1.08% for VOO.
Holdings Overlap
NVDL and VOO share 1 holdings out of 505 unique holdings combined, representing a 7.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in NVDL | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 66.66% | 7.51% | 59.15% |
Frequently Asked Questions
Which is cheaper, NVDL or VOO?
NVDL has an expense ratio of 1.05% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $102 per year of difference.
Which performed better, NVDL or VOO?
Over the past year NVDL returned +20.57% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), NVDL annualized +142.27% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, NVDL or VOO?
NVDL has been the more volatile fund at 79.3% annualized versus 14.1% for VOO. Worst drawdown: NVDL -67.5% vs VOO -34.3%.
Should I hold both NVDL and VOO?
NVDL and VOO have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NVDL and VOO?
NVDL and VOO share 1 common holdings with a 7.5% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, NVDL or VOO?
NVDL yields 0.00% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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