NVDQ vs SPY
T-Rex 2X Inverse NVIDIA Daily Target ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | NVDQ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.09% | |
| AUM | $16M | $821.1B | |
| Dividend Yield | 0.36% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | -40.57% | +12.68% | |
| 1Y Return | -54.91% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 58.6% | 15.3% | |
| Max Drawdown | -99.5% | -56.5% | |
| Fund Family | REX Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 18, 2023 | Jan 22, 1993 |
NVDQ vs SPY Performance
T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) is a ETF from REX Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NVDQ returned -54.91% while SPY returned +21.82%. Year to date, NVDQ is down 40.57% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
NVDQ has been the more volatile fund, with annualized monthly volatility of 58.6% compared with 15.3% for SPY. 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 -99.5% for NVDQ and -56.5% for SPY. 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 -0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NVDQ charges 1.05% per year while SPY charges 0.09%. On a $10,000 position that is $105 vs $9 annually, a gap of $96 per year that compounds over a long holding period. On income, NVDQ currently yields 0.36% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, NVDQ or SPY?
NVDQ has an expense ratio of 1.05% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $96 per year of difference.
Which performed better, NVDQ or SPY?
Over the past year NVDQ returned -54.91% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), NVDQ annualized -83.23% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, NVDQ or SPY?
NVDQ has been the more volatile fund at 58.6% annualized versus 15.3% for SPY. Worst drawdown: NVDQ -99.5% vs SPY -56.5%.
Should I hold both NVDQ and SPY?
NVDQ and SPY have a monthly-return correlation of -0.62, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, NVDQ or SPY?
NVDQ yields 0.36% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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