NVDS vs SPY
Tradr 1.5X Short NVDA Daily 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 503 holdings.
Side-by-Side Comparison
| Metric | NVDS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.15% | 0.09% | |
| AUM | $17M | $789.1B | |
| Dividend Yield | 17.46% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | -28.78% | +13.75% | |
| 1Y Return | -35.97% | +22.91% | |
| 3Y Return (annualized) | -64.61% | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 53.5% | 15.3% | |
| Max Drawdown | -99.4% | -56.5% | |
| Fund Family | Tradr ETFs | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 13, 2022 | Jan 22, 1993 |
NVDS vs SPY Performance
Tradr 1.5X Short NVDA Daily ETF (NVDS) is a ETF from Tradr ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year NVDS returned -35.97% while SPY returned +22.91%. Year to date, NVDS is down 28.78% versus a gain of 13.75% for SPY.
Over three years, NVDS compounded at -64.61% per year against +21.67% for SPY. Across the full 4-year window we track, SPY has the edge at +8.85% annualized vs -68.70%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDS has been the more volatile fund, with annualized monthly volatility of 53.5% 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 -99.4% for NVDS 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 -0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NVDS charges 1.15% per year while SPY charges 0.09%. On a $10,000 position that is $115 vs $9 annually, a gap of $106 per year that compounds over a long holding period. On income, NVDS currently yields 17.46% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, NVDS or SPY?
NVDS has an expense ratio of 1.15% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $106 per year of difference.
Which performed better, NVDS or SPY?
Over the past year NVDS returned -35.97% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), NVDS annualized -68.70% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, NVDS or SPY?
NVDS has been the more volatile fund at 53.5% annualized versus 15.3% for SPY. Worst drawdown: NVDS -99.4% vs SPY -56.5%.
Should I hold both NVDS and SPY?
NVDS and SPY have a monthly-return correlation of -0.69, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, NVDS or SPY?
NVDS yields 17.46% while SPY yields 1.01%, so NVDS currently pays the higher dividend yield.
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