NVDX vs SPY
T-Rex 2X Long NVIDIA Daily Target ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, NVDX or SPY?
Multi Alternative against Large Cap Blend.
SPY has a lower expense ratio. NVDX led over 3Y and the full window, SPY over 1Y.
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 | NVDX | SPY |
|---|---|---|
| Expense Ratio | 1.05% | 0.09%Best |
| AUM | $414M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 13 | 505 |
| YTD Return | +12.21%Best | +12.09% |
| 1Y Return | +14.29% | +16.29%Best |
| 3Y Return (annualized) | +112.62%Best | +21.20% |
| 5Y Return (annualized) | - | +13.37% |
| Volatility (annualized) | 79.6% | 12.4%Best |
| Max Drawdown | -68.2% | -18.8%Best |
| $10,000 over 2.9 years | $89,136Best | $18,413 |
| Fund Family | REX Shares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Oct 18, 2023 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Oct 19, 2023 to Sep 18, 2026 (2.9 years).
NVDX vs SPY 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
NVDX vs SPY Performance
T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) is an ETF from REX Shares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year NVDX returned +14.29% while SPY returned +16.29%. Year to date, NVDX is up 12.21% versus a gain of 12.09% for SPY.
Over three years, NVDX compounded at +112.62% per year against +21.20% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDX has been the more volatile fund, with annualized monthly volatility of 79.6% compared with 12.4% 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 -68.2% for NVDX and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NVDX 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, NVDX currently yields 0.00% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of NVDX and SPY 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, NVDX or SPY?
NVDX has an expense ratio of 1.05% while SPY charges 0.09%. SPY is the cheaper option, by $96 a year on a $10,000 investment.
Which performed better, NVDX or SPY?
Over the past year NVDX returned +14.29% vs +16.29% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVDX or SPY?
NVDX has been the more volatile fund at 79.6% annualized versus 12.4% for SPY. Worst drawdown: NVDX -68.2% vs SPY -18.8%.
Should I hold both NVDX and SPY?
NVDX and SPY have a monthly-return correlation of 0.63, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NVDX or SPY?
NVDX yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than NVDX?
SPY has a lower expense ratio. NVDX led over 3Y and the full window, SPY over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.