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ETFs

GraniteShares ETF Trust GraniteShares 1.5x Long NVDA Daily ETF

NVDL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 13 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
GraniteShares
Volume (1m avg. daily)
$1,812,088
AUM
$5,832,716
Associated Index
NVDA
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NVDA_TRS
Recv Long Nvda Trs
149.11%
n/a
US Dollars
46.39%
CO.BROKE
BROKER SWEEP
40.49%
NVDA-1
Payb Long Nvda Trs
-135.99%
Invest with NVDL

What is NVDL?

GraniteShares 1.5x Long NVDA Daily ETF seeks daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of NVIDIA Corp, (NASDAQ: NVDA). The Fund is an actively managed exchange-traded fund that attempts to replicate 1.50 times (150%) the daily percentage change of the Underlying Stock by entering into a swap agreement on the Underlying Stock. The Fund aims to generate 1.50 times the daily performances of the Underlying Stock for a single day. A "single day" is defined as being calculated "from the close of regular trading on one trading day to the close on the next trading day."

ETFs related toNVDL

ETFs correlated to NVDL include USD, SMH, SOXQ

NVDL
GraniteShares ETF Trust - GraniteShares 1.5x Long NVDA Daily ETF
USD
ProShares Trust - ProShares Ultra Semiconductors 2X Shares
SMH
VanEck ETF Trust - VanEck Semiconductor ETF
SOXQ
Invesco Exchange-Traded Fund Trust II - Invesco PHLX Semiconductor ETF
SOXX
BlackRock Institutional Trust Company N.A. - iShares Semiconductor ETF
SOXL
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X Shares
QTEC
First Trust Exchange-Traded Fund III - First Trust NASDAQ-100 Technology Sector Index Fund
XSD
SPDR Series Trust - SPDR Semiconductors ETF
BULZ
Bank of Montreal - MicroSectorsTM Solactive FANG Innovation 3X Leveraged ETNs
FNGU
Bank of Montreal - BMO REX MicroSectors FANG+ Index 3X Leveraged ETN
FNGS
Bank of Montreal - MicroSectors FANG ETNs

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 toNVDL

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NVDL using Composer

FAQ

NVDL is a US Equities ETF. GraniteShares 1.5x Long NVDA Daily ETF seeks daily investment results, before fees and expenses, of 1.5 times (150%) the daily percentage change of the common stock of NVIDIA Corp, (NASDAQ: NVDA). The Fund is an actively managed exchange-traded fund that attempts to replicate 1.50 times (150%) the daily percentage change of the Underlying Stock by entering into a swap agreement on the Underlying Stock. The Fund aims to generate 1.50 times the daily performances of the Underlying Stock for a single day. A "single day" is defined as being calculated "from the close of regular trading on one trading day to the close on the next trading day."

NVDL tracks the NVDA.

No, NVDL is not actively managed. It is passively 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.

Yes, NVDL is passively 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 NVDL is 0.1852%. This is the percent change in the value of NVDL over the most recent 1-month period. The 3-month return on NVDL is %. This is the percent change in the value of NVDL over the most recent 3-month period.

ETFs similar to NVDL include SSO, SPXS, and SDS.

ETFs correlated to NVDL include USD, SMH, and SOXQ.

ETFs that are inversely correlated to NVDL include NVDS, SOXS, and BERZ.

Yes, NVDL is a Leveraged (1.5x) ETF: This means that NVDL will try to match the performance of NVDA, but with 1x the returns.

Yes, NVDL is a Leveraged (1.5x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of NVDA, but move 1x in the opposite direction.

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.