NVDX vs SPY
T-Rex 2X Long 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 | NVDX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.09% | |
| AUM | $462M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 13 | 505 | |
| YTD Return | +9.75% | +12.22% | |
| 1Y Return | +10.57% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 80.5% | 15.3% | |
| Max Drawdown | -68.2% | -56.5% | |
| Fund Family | REX Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 18, 2023 | Jan 22, 1993 |
NVDX vs SPY Performance
T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) 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 NVDX returned +10.57% while SPY returned +20.83%. Year to date, NVDX is up 9.75% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
NVDX has been the more volatile fund, with annualized monthly volatility of 80.5% 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 -68.2% for NVDX 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
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 1.01% for SPY.
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. On a $10,000 investment, that is $96 per year of difference.
Which performed better, NVDX or SPY?
Over the past year NVDX returned +10.57% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), NVDX annualized +115.47% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, NVDX or SPY?
NVDX has been the more volatile fund at 80.5% annualized versus 15.3% for SPY. Worst drawdown: NVDX -68.2% vs SPY -56.5%.
Should I hold both NVDX and SPY?
NVDX and SPY have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, NVDX or SPY?
NVDX yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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