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ETFs

Investment Managers Series Trust II AXS 1.25X NVDA Bear Daily ETF

NVDS
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jul 14 2022
Expense Ratio
1.15%
Type
US Equities
Fund Owner
AXS Investments
Volume (1m avg. daily)
$47,661,724
AUM
$95,400,800
Associated Index
None
Inverse/Leveraged
Inverse (-1.25x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
CASH
87.28%
Invest with NVDS

What is NVDS?

AXS 1.25X NVDA Bear Daily ETF (Nasdaq: NVDS) seeks daily investment results, before fees and expenses, that correspond to 1.25 times the inverse of the daily performance of the common shares of NVIDIA Corporation (NVDA). The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.

ETFs related toNVDS

ETFs correlated to NVDS include SOXS, TECS, BERZ

NVDS
Investment Managers Series Trust II - AXS 1.25X NVDA Bear Daily ETF
SOXS
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares
TECS
Direxion Shares ETF Trust - Direxion Daily Technology Bear -3X Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
FNGD
Bank of Montreal - MicroSectors FANG+ Index -3X Inverse Leveraged ETNs
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares

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 toNVDS

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NVDS using Composer

FAQ

NVDS is a US Equities ETF. AXS 1.25X NVDA Bear Daily ETF (Nasdaq: NVDS) seeks daily investment results, before fees and expenses, that correspond to 1.25 times the inverse of the daily performance of the common shares of NVIDIA Corporation (NVDA). The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.

Yes, NVDS 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, NVDS 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 NVDS is 0.1452%. This is the percent change in the value of NVDS over the most recent 1-month period. The 3-month return on NVDS is -0.0769%. This is the percent change in the value of NVDS over the most recent 3-month period.

The standard deviation of NVDS for the past year is 0.6806%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to NVDS include SSO, TNA, and SPXL.

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

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

Yes, NVDS is a Inverse (-1.25x) ETF.

Yes, NVDS is a Inverse (-1.25x) 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.