NVDD vs DLNV

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

NVDD vs DLNV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

NVDD

$20M

DLNV

$20M

Expense Ratio

NVDD

1.01%

Winner

DLNV

0.85%

Max Drawdown

NVDD

89.36%

Winner

DLNV

4.83%

Sharpe Ratio

NVDD

-0.56

Winner

DLNV

1.33

5Y Beta

Winner

NVDD

-1.89

DLNV

0.47

NVDD vs DLNV - Historical Returns

Returns include dividend reinvestment.

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

NVDD

-10.75%

Winner

DLNV

+1.74%

NVDD

-4.56%

Winner

DLNV

+2.42%

NVDD

-22.18%

Winner

DLNV

+7.19%

NVDD

-22.43%

DLNV

N/A

Max(CAGR)

NVDD

-48.88%

Winner

DLNV

+12.95%

NVDD vs DLNV - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

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

NVDD vs DLNV Drawdown Comparison

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

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

The current NVDD drawdown is -87.74%.

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

Correlation

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

-0.96

-101