NVDL vs SMLF

Comparison between GRANITESHARES 2X LONG NVDA DAILY ETF (NVDL, ETF) and ISHARES U.S. SMALL-CAP EQUITY FACTOR ETF (SMLF, ETF).

NVDL vs SMLF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NVDL(ETF)	SMLF(ETF)
Net Assets	$3.60B	$3.60B
Expense Ratio	N/A	0.15%
Max Drawdown	67.55%	43.06%
Sharpe Ratio	1.83	1.48
5Y Beta	3.94	1.09
P/E Ratio	N/A	94.55
Forward P/E	N/A	15.41
5Y Dividends CAGR	N/A	11.57%
5Y EPS CAGR	N/A	20.16%
P/S Ratio	N/A	1.51
P/B Ratio	N/A	2.75

Net Assets

NVDL

$3.60B

SMLF

$3.60B

Expense Ratio

NVDL

N/A

SMLF

0.15%

Max Drawdown

NVDL

67.55%

Winner

SMLF

43.06%

Sharpe Ratio

Winner

NVDL

1.83

SMLF

1.48

5Y Beta

NVDL

3.94

Winner

SMLF

1.09

P/E Ratio

NVDL

N/A

SMLF

94.55

Forward P/E

NVDL

N/A

SMLF

15.41

5Y Dividends CAGR

NVDL

N/A

SMLF

11.57%

5Y EPS CAGR

NVDL

N/A

SMLF

20.16%

P/S Ratio

NVDL

N/A

SMLF

1.51

P/B Ratio

NVDL

N/A

SMLF

2.75

NVDL vs SMLF - Historical Returns

Returns include dividend reinvestment.

Period	NVDL	SMLF
1 month	+33.47%	+4.27%
3 months	+31.77%	+7.14%
6 months	+16.18%	+12.02%
1 year	+157.79%	+27.79%
5 years(CAGR)	N/A	+11.34%
10 years(CAGR)	N/A	+12.46%
Max(CAGR)	+168.31%	+11.29%

Winner

NVDL

+33.47%

SMLF

+4.27%

Winner

NVDL

+31.77%

SMLF

+7.14%

Winner

NVDL

+16.18%

SMLF

+12.02%

Winner

NVDL

+157.79%

SMLF

+27.79%

5Y(CAGR)

NVDL

N/A

SMLF

+11.34%

10Y(CAGR)

NVDL

N/A

SMLF

+12.46%

Max(CAGR)

Winner

NVDL

+168.31%

SMLF

+11.29%

NVDL vs SMLF - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	NVDL	SMLF
2026	+26.10%	+9.80%
2025	+25.19%	+11.90%
2024	+363.46%	+17.21%
2023	+417.31%	+20.62%
2022	-28.32%	-12.70%
2021	N/A	+27.90%
2020	N/A	+8.48%
2019	N/A	+21.53%
2018	N/A	-9.03%
2017	N/A	+12.31%
2016	N/A	+25.23%
2015	N/A	+2.39%

NVDL vs SMLF Drawdown Comparison

The maximum drawdown for NVDL was -67.55%, occurring on Apr 4, 2025. Recovery took 276 trading sessions.

The maximum drawdown for SMLF was -41.89%, occurring on Mar 18, 2020. Recovery took 217 trading sessions.

The current SMLF drawdown is -2.03%.

Rank	NVDL	SMLF
#1	-67.55% Jun 18, 2024 - Jul 28, 2025	-41.89% Jan 16, 2020 - Nov 24, 2020
#2	-42.23% Oct 29, 2025 - May 12, 2026	-26.27% Nov 25, 2024 - Aug 28, 2025
#3	-37.75% Mar 25, 2024 - May 23, 2024	-25.38% Nov 16, 2021 - Dec 14, 2023
#4	-32.26% Dec 13, 2022 - Jan 23, 2023	-24.77% Aug 29, 2018 - Jan 16, 2020
#5	-27.96% Aug 31, 2023 - Nov 20, 2023	-17.76% Jun 23, 2015 - Jul 12, 2016
#6	-21.04% Jul 18, 2023 - Aug 29, 2023	-9.35% Jan 23, 2018 - May 21, 2018
#7	-17.83% Aug 12, 2025 - Sep 30, 2025	-8.72% Jan 22, 2026 - Apr 14, 2026
#8	-17.19% Feb 14, 2024 - Feb 22, 2024	-8.55% Jul 31, 2024 - Sep 19, 2024
#9	-14.94% Feb 14, 2023 - Feb 23, 2023	-7.73% Oct 27, 2025 - Dec 10, 2025
#10	-14.68% Nov 20, 2023 - Jan 8, 2024	-7.66% Mar 28, 2024 - May 15, 2024
#11	-14.63% Mar 7, 2024 - Mar 22, 2024	-6.72% Jul 1, 2021 - Aug 11, 2021
#12	-13.28% Oct 9, 2025 - Oct 28, 2025	-6.52% Mar 15, 2021 - Apr 5, 2021
#13	-11.10% Jun 20, 2023 - Jul 13, 2023	-6.20% Feb 12, 2021 - Mar 11, 2021
#14	-10.24% May 30, 2023 - Jun 13, 2023	-5.88% Sep 22, 2016 - Nov 10, 2016
#15	-9.90% Apr 3, 2023 - May 1, 2023	-5.75% May 7, 2021 - Jun 8, 2021

Correlation

Correlation between NVDL and SMLF is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2015 - 2026)

NVDL vs SMLF dividend yield comparison.

Year	NVDL	SMLF
2026	0.00%	0.23%
2025	0.00%	1.14%
2024	0.00%	1.33%
2023	11.29%	1.13%
2022	0.00%	1.23%
2021	0.00%	1.07%
2020	0.00%	1.33%
2019	0.00%	1.39%
2018	0.00%	1.17%
2017	0.00%	0.93%
2016	0.00%	0.78%
2015	0.00%	0.79%