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ETFs

Direxion Shares ETF Trust Direxion Daily NVDA Bear 1X Shares

NVDD
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Sep 13 2023
Expense Ratio
0.95%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
—
AUM
$11,447,941
Associated Index
None
Inverse/Leveraged
Inverse (-1)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
-73.03%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
-133.44%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-157.99%
n/a
DREYFUS GOVT CASH MAN INS
-567.70%
Invest with NVDD

What is NVDD?

The Direxion Daily NVDA Bear 1X Shares (NVDD) seeks daily inverse investment results and is very different from most other exchange-traded funds. Longer holding periods and higher volatility of NVDA increase the impact of compounding on an investor's returns. During periods of higher volatility, the volatility of NVDA may affect the fund's return as much as, or more than, the return of NVDA.

ETFs related toNVDD

ETFs correlated to NVDD include NVDS, SOXS, BERZ

NVDD
Direxion Shares ETF Trust - Direxion Daily NVDA Bear 1X Shares
NVDS
Investment Managers Series Trust II - AXS 1.25X NVDA Bear Daily ETF
SOXS
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
TECS
Direxion Shares ETF Trust - Direxion Daily Technology Bear -3X Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
WEBS
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bear -3X Shares
DUG
ProShares Trust - ProShares UltraShort Energy

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.

Automated Strategies
Related toNVDD

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NVDD using Composer

FAQ

NVDD is a US Equities ETF. The Direxion Daily NVDA Bear 1X Shares (NVDD) seeks daily inverse investment results and is very different from most other exchange-traded funds. Longer holding periods and higher volatility of NVDA increase the impact of compounding on an investor's returns. During periods of higher volatility, the volatility of NVDA may affect the fund's return as much as, or more than, the return of NVDA.

Yes, NVDD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, NVDD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NVDD is %. This is the percent change in the value of NVDD over the most recent 1-month period. The 3-month return on NVDD is %. This is the percent change in the value of NVDD over the most recent 3-month period.

ETFs similar to NVDD include SSO, SPXL, and SDS.

ETFs correlated to NVDD include NVDS, SOXS, and BERZ.

ETFs that are inversely correlated to NVDD include NVDL, NVDY, and USD.

Yes, NVDD is a Inverse (-1) ETF.

Yes, NVDD is a Inverse (-1) leveraged ETF.

Disclaimers

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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.