NVDL vs IDEF
Comparison between GRANITESHARES 2X LONG NVDA DAILY ETF (NVDL, ETF) and iShares Defense Industrials Active ETF (IDEF, ETF).
NVDL vs IDEF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NVDL
$3.30B
Winner
IDEF
$4.30B
Expense Ratio
NVDL
N/A
IDEF
0.55%
Max Drawdown
NVDL
67.55%
Winner
IDEF
15.92%
Sharpe Ratio
NVDL
0.49
Winner
IDEF
0.75
5Y Beta
NVDL
3.80
Winner
IDEF
1.13
NVDL vs IDEF - Historical Returns
Returns include dividend reinvestment.
1M
NVDL
+4.03%
Winner
IDEF
+9.88%
3M
NVDL
-8.08%
Winner
IDEF
+5.61%
6M
Winner
NVDL
+17.40%
IDEF
+1.00%
1Y
NVDL
+12.35%
Winner
IDEF
+21.98%
Max(CAGR)
Winner
NVDL
+144.51%
IDEF
+32.14%
NVDL vs IDEF - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | NVDL | IDEF |
|---|---|---|
| 2026 | +14.50% | +11.19% |
| 2025 | +25.19% | +23.05% |
| 2024 | +363.46% | N/A |
| 2023 | +417.32% | N/A |
| 2022 | -28.32% | N/A |
NVDL vs IDEF Drawdown Comparison
The maximum drawdown for NVDL was -67.55%, occurring on Apr 4, 2025. Recovery took 276 trading sessions.
The maximum drawdown for IDEF was -15.78%, occurring on Jul 20, 2026. This drawdown has not yet recovered.
The current NVDL drawdown is -20.12%. The current IDEF drawdown is -4.38%.
| Rank | NVDL | IDEF |
|---|---|---|
| #1 | -67.55% Jun 18, 2024 - Jul 28, 2025 | -15.78% Mar 2, 2026 - Jul 20, 2026 |
| #2 | -42.23% Oct 29, 2025 - May 12, 2026 | -12.27% Oct 8, 2025 - Jan 5, 2026 |
| #3 | -38.42% May 14, 2026 - Jul 29, 2026 | -7.38% Jan 16, 2026 - Mar 2, 2026 |
| #4 | -37.75% Mar 25, 2024 - May 23, 2024 | -4.33% Aug 6, 2025 - Sep 10, 2025 |
| #5 | -32.26% Dec 13, 2022 - Jan 23, 2023 | -1.59% Jun 30, 2025 - Jul 9, 2025 |
| #6 | -27.96% Aug 31, 2023 - Nov 20, 2023 | -1.52% Jul 23, 2025 - Aug 4, 2025 |
| #7 | -21.04% Jul 18, 2023 - Aug 29, 2023 | -1.25% Jun 9, 2025 - Jun 13, 2025 |
| #8 | -17.83% Aug 12, 2025 - Sep 30, 2025 | -1.21% Jul 18, 2025 - Jul 23, 2025 |
| #9 | -17.19% Feb 14, 2024 - Feb 22, 2024 | -0.71% Sep 16, 2025 - Sep 19, 2025 |
| #10 | -14.94% Feb 14, 2023 - Feb 23, 2023 | -0.70% Jul 14, 2025 - Jul 17, 2025 |
| #11 | -14.68% Nov 20, 2023 - Jan 8, 2024 | -0.68% Sep 23, 2025 - Sep 26, 2025 |
| #12 | -14.63% Mar 7, 2024 - Mar 22, 2024 | -0.63% Jun 16, 2025 - Jun 23, 2025 |
| #13 | -13.28% Oct 9, 2025 - Oct 28, 2025 | -0.56% Jul 9, 2025 - Jul 14, 2025 |
| #14 | -11.10% Jun 20, 2023 - Jul 13, 2023 | -0.47% Oct 6, 2025 - Oct 8, 2025 |
| #15 | -10.24% May 30, 2023 - Jun 13, 2023 | -0.41% May 27, 2025 - May 30, 2025 |
Correlation
Correlation between NVDL and IDEF is 0.61 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.61
-101
Dividend Comparison (2023 - 2026)
NVDL vs IDEF dividend yield comparison.
| Year | NVDL | IDEF |
|---|---|---|
| 2026 | 0.00% | 0.15% |
| 2025 | 0.00% | 0.17% |
| 2023 | 11.29% | 0.00% |
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