NVD vs CATF

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

NVD vs CATF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

NVD

$75M

Winner

CATF

$75M

Expense Ratio

NVD

N/A

CATF

0.27%

Max Drawdown

NVD

99.48%

Winner

CATF

6.21%

Sharpe Ratio

NVD

-1.18

Winner

CATF

1.22

5Y Beta

Winner

NVD

-4.01

CATF

0.03

NVD vs CATF - Historical Returns

Returns include dividend reinvestment.

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

NVD

-13.08%

Winner

CATF

+0.61%

NVD

-27.86%

Winner

CATF

+0.27%

NVD

-33.58%

Winner

CATF

+2.12%

NVD

-65.11%

Winner

CATF

+7.68%

Max(CAGR)

NVD

-80.18%

Winner

CATF

+3.38%

NVD vs CATF - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

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

NVD vs CATF Drawdown Comparison

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

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

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

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

Correlation

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

-0.61

-101