NVDQ vs OVM
Comparison between T-REX 2X INVERSE NVIDIA DAILY TARGET ETF (NVDQ, ETF) and OVERLAY SHARES MUNICIPAL BOND ETF (OVM, ETF).
NVDQ vs OVM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NVDQ
$36M
Winner
OVM
$36M
Expense Ratio
NVDQ
N/A
OVM
0.81%
Max Drawdown
NVDQ
99.53%
Winner
OVM
24.24%
Sharpe Ratio
NVDQ
-1.26
Winner
OVM
1.64
5Y Beta
Winner
NVDQ
-4.00
OVM
0.18
5Y Dividends CAGR
NVDQ
N/A
OVM
5.40%
NVDQ vs OVM - Historical Returns
Returns include dividend reinvestment.
1M
NVDQ
-13.62%
Winner
OVM
+0.43%
3M
NVDQ
-28.86%
Winner
OVM
+1.17%
6M
NVDQ
-35.11%
Winner
OVM
+3.58%
1Y
NVDQ
-66.55%
Winner
OVM
+11.03%
5Y(CAGR)
NVDQ
N/A
OVM
+1.47%
Max(CAGR)
NVDQ
-84.42%
Winner
OVM
+2.69%
NVDQ vs OVM - Annual Returns (2019 - 2026)
Returns include dividend reinvestment.
| Year | NVDQ | OVM |
|---|---|---|
| 2026 | -29.16% | +3.10% |
| 2025 | -73.01% | +4.18% |
| 2024 | -94.15% | +3.99% |
| 2023 | -30.59% | +6.98% |
| 2022 | N/A | -11.22% |
| 2021 | N/A | +4.98% |
| 2020 | N/A | +6.00% |
| 2019 | N/A | +1.72% |
NVDQ vs OVM Drawdown Comparison
The maximum drawdown for NVDQ was -99.45%, occurring on May 14, 2026. This drawdown has not yet recovered.
The maximum drawdown for OVM was -15.58%, occurring on Sep 30, 2022. Recovery took 694 trading sessions.
The current NVDQ drawdown is -99.30%. The current OVM drawdown is -0.76%.
| Rank | NVDQ | OVM |
|---|---|---|
| #1 | -99.45% Oct 26, 2023 - May 14, 2026 | -15.58% Dec 28, 2021 - Oct 2, 2024 |
| #2 | -10.93% Oct 20, 2023 - Oct 26, 2023 | -14.90% Feb 20, 2020 - Jul 9, 2020 |
| #3 | N/A | -8.20% Dec 6, 2024 - Oct 15, 2025 |
| #4 | N/A | -2.44% Feb 27, 2026 - Apr 30, 2026 |
| #5 | N/A | -2.22% Feb 12, 2021 - Apr 15, 2021 |
| #6 | N/A | -2.12% Oct 2, 2024 - Nov 27, 2024 |
| #7 | N/A | -2.06% Sep 9, 2021 - Dec 28, 2021 |
| #8 | N/A | -1.84% Aug 10, 2020 - Nov 17, 2020 |
| #9 | N/A | -1.50% Oct 27, 2025 - Dec 10, 2025 |
| #10 | N/A | -1.24% May 8, 2026 - May 27, 2026 |
| #11 | N/A | -1.22% Jan 14, 2026 - Feb 2, 2026 |
| #12 | N/A | -1.17% Dec 24, 2020 - Jan 20, 2021 |
| #13 | N/A | -0.82% May 7, 2021 - May 25, 2021 |
| #14 | N/A | -0.78% Jan 23, 2020 - Feb 11, 2020 |
| #15 | N/A | -0.76% Jun 4, 2026 - Jun 5, 2026 |
Correlation
Correlation between NVDQ and OVM is -0.71 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.71
-101
Dividend Comparison (2019 - 2026)
NVDQ vs OVM dividend yield comparison.
| Year | NVDQ | OVM |
|---|---|---|
| 2026 | 0.00% | 2.15% |
| 2025 | 0.26% | 5.45% |
| 2024 | 4.59% | 4.91% |
| 2023 | 11.60% | 4.66% |
| 2022 | 0.00% | 4.21% |
| 2021 | 0.00% | 6.10% |
| 2020 | 0.00% | 3.97% |
| 2019 | 0.00% | 0.58% |
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