EMM vs NVD

Comparison between GLOBAL X EMERGING MARKETS EX-CHINA ETF (EMM, ETF) and GRANITESHARES 2X SHORT NVDA DAILY ETF (NVD, ETF).

EMM vs NVD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EMM(ETF)	NVD(ETF)
Net Assets	$61M	$61M
Expense Ratio	0.66%	N/A
Max Drawdown	22.37%	99.48%
Sharpe Ratio	1.30	-0.74
5Y Beta	0.92	-3.94

Net Assets

Winner

EMM

$61M

NVD

$61M

Expense Ratio

EMM

0.66%

NVD

N/A

Max Drawdown

Winner

EMM

22.37%

NVD

99.48%

Sharpe Ratio

Winner

EMM

1.30

NVD

-0.74

5Y Beta

EMM

0.92

Winner

NVD

-3.94

EMM vs NVD - Historical Returns

Returns include dividend reinvestment.

Period	EMM	NVD
1 month	-6.23%	-10.34%
3 months	+4.18%	-18.18%
6 months	+15.44%	-33.14%
1 year	+38.51%	-50.94%
Max(CAGR)	+17.78%	-79.23%

Winner

EMM

-6.23%

NVD

-10.34%

Winner

EMM

+4.18%

NVD

-18.18%

Winner

EMM

+15.44%

NVD

-33.14%

Winner

EMM

+38.51%

NVD

-50.94%

Max(CAGR)

Winner

EMM

+17.78%

NVD

-79.23%

EMM vs NVD - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	EMM	NVD
2026	+20.46%	-32.95%
2025	+28.49%	-71.62%
2024	+3.68%	-93.38%
2023	+3.39%	-15.26%

EMM vs NVD Drawdown Comparison

The maximum drawdown for EMM was -21.99%, occurring on Apr 8, 2025. Recovery took 239 trading sessions.

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

The current EMM drawdown is -11.48%. The current NVD drawdown is -99.12%.

Rank	EMM	NVD
#1	-21.99% Jul 10, 2024 - Jun 24, 2025	-99.26% Oct 26, 2023 - May 14, 2026
#2	-14.75% Feb 25, 2026 - Apr 17, 2026	-18.47% Sep 21, 2023 - Oct 26, 2023
#3	-13.84% Jun 22, 2026 - Jul 20, 2026	-11.64% Aug 22, 2023 - Sep 11, 2023
#4	-13.61% Jul 31, 2023 - Mar 1, 2024	-2.83% Sep 12, 2023 - Sep 15, 2023
#5	-8.61% Jun 2, 2026 - Jun 18, 2026	-0.26% Sep 15, 2023 - Sep 19, 2023
#6	-6.83% May 8, 2026 - May 26, 2026	N/A
#7	-6.53% Apr 8, 2024 - Jun 12, 2024	N/A
#8	-5.10% Jun 15, 2023 - Jul 13, 2023	N/A
#9	-5.09% Nov 3, 2025 - Dec 10, 2025	N/A
#10	-4.18% May 15, 2023 - Jun 6, 2023	N/A
#11	-4.17% Dec 10, 2025 - Dec 26, 2025	N/A
#12	-3.52% Oct 8, 2025 - Oct 16, 2025	N/A
#13	-2.50% Jul 3, 2025 - Sep 9, 2025	N/A
#14	-2.37% Mar 12, 2024 - Mar 28, 2024	N/A
#15	-2.35% Jul 13, 2023 - Jul 26, 2023	N/A

Correlation

Correlation between EMM and NVD is -0.50 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.50

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