DLNV vs NVDD

Comparison between FT VEST U.S. EQUITY DUAL DIRECTIONAL BUFFER ETF - NOVEMBER (DLNV, ETF) and DIREXION DAILY NVDA BEAR 1X SHARES (NVDD, ETF).

DLNV vs NVDD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DLNV(ETF)	NVDD(ETF)
Net Assets	$20M	$20M
Expense Ratio	0.85%	1.01%
Max Drawdown	4.83%	89.36%
Sharpe Ratio	1.33	-0.56
5Y Beta	0.47	-1.89

Net Assets

DLNV

$20M

Winner

NVDD

$20M

Expense Ratio

Winner

DLNV

0.85%

NVDD

1.01%

Max Drawdown

Winner

DLNV

4.83%

NVDD

89.36%

Sharpe Ratio

Winner

DLNV

1.33

NVDD

-0.56

5Y Beta

DLNV

0.47

Winner

NVDD

-1.89

DLNV vs NVDD - Historical Returns

Returns include dividend reinvestment.

Period	DLNV	NVDD
1 month	+1.74%	-10.75%
3 months	+2.42%	-4.56%
6 months	+7.19%	-22.18%
1 year	N/A	-22.43%
Max(CAGR)	+12.95%	-48.88%

Winner

DLNV

+1.74%

NVDD

-10.75%

Winner

DLNV

+2.42%

NVDD

-4.56%

Winner

DLNV

+7.19%

NVDD

-22.18%

DLNV

N/A

NVDD

-22.43%

Max(CAGR)

Winner

DLNV

+12.95%

NVDD

-48.88%

DLNV vs NVDD - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	DLNV	NVDD
2026	+7.81%	-17.81%
2025	+1.73%	-36.76%
2024	N/A	-70.52%
2023	N/A	-8.77%

DLNV vs NVDD Drawdown Comparison

The maximum drawdown for DLNV was -4.83%, occurring on Mar 30, 2026. Recovery took 48 trading sessions.

The maximum drawdown for NVDD was -88.32%, occurring on May 14, 2026. This drawdown has not yet recovered.

The current NVDD drawdown is -87.74%.

Rank	DLNV	NVDD
#1	-4.83% Feb 2, 2026 - Apr 13, 2026	-88.32% Oct 26, 2023 - May 14, 2026
#2	-1.39% Jun 4, 2026 - Jun 15, 2026	-12.53% Sep 21, 2023 - Oct 26, 2023
#3	-1.29% Jan 12, 2026 - Jan 27, 2026	-0.22% Sep 13, 2023 - Sep 15, 2023
#4	-1.08% Dec 11, 2025 - Dec 22, 2025	-0.02% Sep 15, 2023 - Sep 19, 2023
#5	-0.91% Jul 15, 2026 - Jul 31, 2026	N/A
#6	-0.75% Jun 15, 2026 - Jun 30, 2026	N/A
#7	-0.49% Dec 26, 2025 - Jan 6, 2026	N/A
#8	-0.48% Apr 17, 2026 - Apr 22, 2026	N/A
#9	-0.44% May 14, 2026 - May 21, 2026	N/A
#10	-0.43% Jan 27, 2026 - Feb 2, 2026	N/A
#11	-0.35% Dec 5, 2025 - Dec 10, 2025	N/A
#12	-0.34% Aug 14, 2026 - Aug 25, 2026	N/A
#13	-0.32% Nov 28, 2025 - Dec 3, 2025	N/A
#14	-0.27% Jul 10, 2026 - Jul 15, 2026	N/A
#15	-0.23% Jul 6, 2026 - Jul 9, 2026	N/A

Correlation

Correlation between DLNV and NVDD is -0.96 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.96

-101