CATF vs NVD

Comparison between AMERICAN CENTURY CALIFORNIA MUNICIPAL BOND ETF (CATF, ETF) and GRANITESHARES 2X SHORT NVDA DAILY ETF (NVD, ETF).

CATF vs NVD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CATF(ETF)	NVD(ETF)
Net Assets	$75M	$75M
Expense Ratio	0.27%	N/A
Max Drawdown	6.21%	99.48%
Sharpe Ratio	1.22	-1.18
5Y Beta	0.03	-4.01

Net Assets

Winner

CATF

$75M

NVD

$75M

Expense Ratio

CATF

0.27%

NVD

N/A

Max Drawdown

Winner

CATF

6.21%

NVD

99.48%

Sharpe Ratio

Winner

CATF

1.22

NVD

-1.18

5Y Beta

CATF

0.03

Winner

NVD

-4.01

CATF vs NVD - Historical Returns

Returns include dividend reinvestment.

Period	CATF	NVD
1 month	+0.61%	-13.08%
3 months	+0.27%	-27.86%
6 months	+2.12%	-33.58%
1 year	+7.68%	-65.11%
Max(CAGR)	+3.38%	-80.18%

Winner

CATF

+0.61%

NVD

-13.08%

Winner

CATF

+0.27%

NVD

-27.86%

Winner

CATF

+2.12%

NVD

-33.58%

Winner

CATF

+7.68%

NVD

-65.11%

Max(CAGR)

Winner

CATF

+3.38%

NVD

-80.18%

CATF vs NVD - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	CATF	NVD
2026	+1.74%	-27.65%
2025	+3.52%	-71.62%
2024	+0.66%	-93.38%
2023	N/A	-15.26%

CATF vs NVD Drawdown Comparison

The maximum drawdown for CATF was -4.83%, occurring on Apr 11, 2025. Recovery took 189 trading sessions.

The maximum drawdown for NVD was -99.26%, occurring on May 14, 2026. This drawdown has not yet recovered.

The current CATF drawdown is -0.59%. The current NVD drawdown is -99.05%.

Rank	CATF	NVD
#1	-4.83% Dec 6, 2024 - Sep 11, 2025	-99.26% Oct 26, 2023 - May 14, 2026
#2	-2.77% Feb 27, 2026 - Mar 27, 2026	-18.47% Sep 21, 2023 - Oct 26, 2023
#3	-2.32% Oct 1, 2024 - Dec 2, 2024	-11.64% Aug 22, 2023 - Sep 11, 2023
#4	-0.83% Aug 2, 2024 - Sep 6, 2024	-2.83% Sep 12, 2023 - Sep 15, 2023
#5	-0.76% Sep 16, 2025 - Oct 13, 2025	-0.26% Sep 15, 2023 - Sep 19, 2023
#6	-0.60% Nov 28, 2025 - Jan 6, 2026	N/A
#7	-0.57% Oct 27, 2025 - Nov 26, 2025	N/A
#8	-0.38% Jul 18, 2024 - Jul 29, 2024	N/A
#9	-0.33% Jan 15, 2026 - Jan 21, 2026	N/A
#10	-0.23% Feb 10, 2026 - Feb 12, 2026	N/A
#11	-0.17% Sep 16, 2024 - Sep 27, 2024	N/A
#12	-0.15% Dec 2, 2024 - Dec 4, 2024	N/A
#13	-0.14% Jan 21, 2026 - Jan 29, 2026	N/A
#14	-0.12% Feb 5, 2026 - Feb 9, 2026	N/A
#15	-0.10% Sep 27, 2024 - Oct 1, 2024	N/A

Correlation

Correlation between CATF and NVD is -0.61 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.61

-101