NVD vs OVT
Comparison between GRANITESHARES 2X SHORT NVDA DAILY ETF (NVD, ETF) and Overlay Shares Short Term Bond ETF (OVT, ETF).
NVD vs OVT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NVD
$61M
OVT
$61M
Expense Ratio
NVD
N/A
OVT
0.79%
Max Drawdown
NVD
99.48%
Winner
OVT
18.90%
Sharpe Ratio
NVD
-0.64
Winner
OVT
0.66
5Y Beta
Winner
NVD
-3.96
OVT
0.16
5Y Dividends CAGR
NVD
N/A
OVT
55.69%
NVD vs OVT - Historical Returns
Returns include dividend reinvestment.
1M
NVD
-1.24%
Winner
OVT
-0.10%
3M
NVD
-16.64%
Winner
OVT
+0.04%
6M
NVD
-35.15%
Winner
OVT
+1.82%
1Y
NVD
-49.91%
Winner
OVT
+6.01%
5Y(CAGR)
NVD
N/A
OVT
+2.75%
Max(CAGR)
NVD
-79.17%
Winner
OVT
+2.91%
NVD vs OVT - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | NVD | OVT |
|---|---|---|
| 2026 | -31.81% | +2.19% |
| 2025 | -71.62% | +7.71% |
| 2024 | -93.38% | +7.94% |
| 2023 | -15.26% | +7.69% |
| 2022 | N/A | -9.59% |
| 2021 | N/A | +2.08% |
NVD vs OVT 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 OVT was -13.59%, occurring on Oct 14, 2022. Recovery took 697 trading sessions.
The current NVD drawdown is -99.11%. The current OVT drawdown is -0.98%.
| Rank | NVD | OVT |
|---|---|---|
| #1 | -99.26% Oct 26, 2023 - May 14, 2026 | -13.59% Sep 3, 2021 - Jun 13, 2024 |
| #2 | -18.47% Sep 21, 2023 - Oct 26, 2023 | -3.22% Feb 19, 2025 - Jun 23, 2025 |
| #3 | -11.64% Aug 22, 2023 - Sep 11, 2023 | -2.08% Dec 6, 2024 - Feb 5, 2025 |
| #4 | -2.83% Sep 12, 2023 - Sep 15, 2023 | -1.72% Sep 24, 2024 - Dec 4, 2024 |
| #5 | -0.26% Sep 15, 2023 - Sep 19, 2023 | -1.55% Feb 27, 2026 - Apr 17, 2026 |
| #6 | N/A | -1.53% Oct 28, 2025 - Nov 26, 2025 |
| #7 | N/A | -1.25% May 29, 2026 - Jun 10, 2026 |
| #8 | N/A | -1.21% Feb 24, 2021 - Apr 8, 2021 |
| #9 | N/A | -0.91% Jan 6, 2026 - Jan 27, 2026 |
| #10 | N/A | -0.73% Jul 16, 2024 - Jul 31, 2024 |
| #11 | N/A | -0.69% Aug 2, 2024 - Aug 13, 2024 |
| #12 | N/A | -0.69% Sep 19, 2025 - Oct 8, 2025 |
| #13 | N/A | -0.67% Aug 16, 2021 - Aug 30, 2021 |
| #14 | N/A | -0.66% Jan 25, 2021 - Feb 8, 2021 |
| #15 | N/A | -0.64% Jun 15, 2021 - Jul 6, 2021 |
Correlation
Correlation between NVD and OVT is -0.81 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.81
-101
Dividend Comparison (2021 - 2026)
NVD vs OVT dividend yield comparison.
| Year | NVD | OVT |
|---|---|---|
| 2026 | 0.00% | 3.21% |
| 2025 | 11.83% | 7.21% |
| 2024 | 8.68% | 6.15% |
| 2023 | 15.78% | 5.11% |
| 2022 | 0.00% | 4.12% |
| 2021 | 0.00% | 4.41% |
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