GraniteShares ETF Trust GraniteShares 1.5x Short NVDA Daily ETF
Snapshot*
Top 10 Holdings
What is NVD?
The GraniteShares 1.5x Short NVDA Daily ETF is an exchange-traded fund incorporated in the USA. The Fund seeks daily investment results, before fees and expenses, of -1.5 times (-150%) the daily percentage change of the common stock of NVIDIA Corp. NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.
NVDPerformance Measures**
for the time period Aug 22, 2023 to Dec 4, 2025
1M Trailing Return: 13.5%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: -19.6%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -98.8%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 96.3%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: -1.37
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: -0.84
The annualized return divided by the max drawdown for the selected time period.
ETFs related toNVD
ETFs correlated to NVD include NVDS, SOXS, QID
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toNVD
Obnoxious Leveraged Crypto Nonsense
Category
Leveraged ETFs, momentum, tactical rotation, single-stock ETFs, crypto proxies, NVDA, TSLA, high risk, daily rebalance
OOS Cumulative Return
98.65%
NOVA | NVDA FTLT (2x)
Category
Tactical momentum, Trend-following, Volatility timing, Leveraged/inverse ETFs, NVDA & semiconductors, Risk-on/risk-off
OOS Cumulative Return
57.76%
Create your own algorithmic trading strategy with NVD using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.