VAW vs NVDL

Comparison between VANGUARD MATERIALS INDEX FUND ETF SHARES (VAW, ETF) and GRANITESHARES 2X LONG NVDA DAILY ETF (NVDL, ETF).

VAW vs NVDL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VAW(ETF)	NVDL(ETF)
Net Assets	$4.50B	$4.50B
Expense Ratio	0.09%	N/A
Max Drawdown	63.47%	67.55%
Sharpe Ratio	0.98	0.91
5Y Beta	0.87	3.96
P/E Ratio	33.54	N/A
Forward P/E	17.59	N/A
5Y Dividends CAGR	14.00%	N/A
5Y EPS CAGR	19.62%	N/A
Debt to Equity	50.63%	N/A
P/S Ratio	2.04	N/A
P/B Ratio	3.03	N/A

Net Assets

VAW

$4.50B

NVDL

$4.50B

Expense Ratio

VAW

0.09%

NVDL

N/A

Max Drawdown

Winner

VAW

63.47%

NVDL

67.55%

Sharpe Ratio

Winner

VAW

0.98

NVDL

0.91

5Y Beta

Winner

VAW

0.87

NVDL

3.96

P/E Ratio

VAW

33.54

NVDL

N/A

Forward P/E

VAW

17.59

NVDL

N/A

5Y Dividends CAGR

VAW

14.00%

NVDL

N/A

5Y EPS CAGR

VAW

19.62%

NVDL

N/A

Debt to Equity

VAW

50.63%

NVDL

N/A

P/S Ratio

VAW

2.04

NVDL

N/A

P/B Ratio

VAW

3.03

NVDL

N/A

VAW vs NVDL - Historical Returns

Returns include dividend reinvestment.

Period	VAW	NVDL
1 month	+0.83%	-15.60%
3 months	+7.09%	+21.52%
6 months	+9.67%	-0.74%
1 year	+20.67%	+52.74%
5 years(CAGR)	+6.80%	N/A
10 years(CAGR)	+9.94%	N/A
Max(CAGR)	+9.14%	+173.42%

Winner

VAW

+0.83%

NVDL

-15.60%

VAW

+7.09%

Winner

NVDL

+21.52%

Winner

VAW

+9.67%

NVDL

-0.74%

VAW

+20.67%

Winner

NVDL

+52.74%

5Y(CAGR)

VAW

+6.80%

NVDL

N/A

10Y(CAGR)

VAW

+9.94%

NVDL

N/A

Max(CAGR)

VAW

+9.14%

Winner

NVDL

+173.42%

VAW vs NVDL - Annual Returns (2004 - 2026)

Returns include dividend reinvestment.

Year	VAW	NVDL
2026	+9.28%	+0.11%
2025	+13.45%	+25.19%
2024	+0.72%	+363.46%
2023	+13.72%	+680.18%
2022	-10.82%	-28.32%
2021	+28.37%	N/A
2020	+20.65%	N/A
2019	+22.95%	N/A
2018	-18.75%	N/A
2017	+22.77%	N/A
2016	+23.44%	N/A
2015	-10.48%	N/A
2014	+6.67%	N/A
2013	+21.70%	N/A
2012	+14.15%	N/A
2011	-10.25%	N/A
2010	+20.83%	N/A
2009	+45.94%	N/A
2008	-46.00%	N/A
2007	+26.82%	N/A
2006	+17.74%	N/A
2005	+4.50%	N/A
2004	+21.63%	N/A

VAW vs NVDL Drawdown Comparison

The maximum drawdown for VAW was -62.12%, occurring on Mar 9, 2009. Recovery took 1170 trading sessions.

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

The current VAW drawdown is -5.58%. The current NVDL drawdown is -30.16%.

Rank	VAW	NVDL
#1	-62.12% May 16, 2008 - Jan 9, 2013	-67.55% Jun 18, 2024 - Jul 28, 2025
#2	-41.14% Jan 26, 2018 - Sep 1, 2020	-42.23% Oct 29, 2025 - May 12, 2026
#3	-27.23% Feb 24, 2015 - Nov 15, 2016	-37.75% Mar 25, 2024 - May 23, 2024
#4	-25.49% Apr 20, 2022 - Feb 29, 2024	-32.26% Dec 13, 2022 - Jan 23, 2023
#5	-23.20% Oct 18, 2024 - Dec 26, 2025	-30.16% May 14, 2026 - Jun 23, 2026
#6	-16.60% May 9, 2006 - Nov 22, 2006	-27.96% Aug 31, 2023 - Nov 20, 2023
#7	-16.36% Mar 4, 2005 - Jan 26, 2006	-21.04% Jul 18, 2023 - Aug 29, 2023
#8	-15.95% Jul 19, 2007 - Oct 9, 2007	-17.83% Aug 12, 2025 - Sep 30, 2025
#9	-15.12% Dec 10, 2007 - Apr 4, 2008	-17.19% Feb 14, 2024 - Feb 22, 2024
#10	-13.42% Feb 27, 2026 - Mar 20, 2026	-14.94% Feb 14, 2023 - Feb 23, 2023
#11	-12.15% Sep 5, 2014 - Feb 13, 2015	-14.68% Nov 20, 2023 - Dec 27, 2023
#12	-12.02% Mar 1, 2004 - Sep 2, 2004	-14.63% Mar 7, 2024 - Mar 22, 2024
#13	-11.29% Oct 31, 2007 - Dec 10, 2007	-13.28% Oct 9, 2025 - Oct 28, 2025
#14	-10.81% Jan 4, 2022 - Mar 25, 2022	-11.10% Jun 20, 2023 - Jul 13, 2023
#15	-10.71% May 17, 2021 - Nov 8, 2021	-10.24% May 30, 2023 - Jun 13, 2023

Correlation

Correlation between VAW and NVDL is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2004 - 2026)

VAW vs NVDL dividend yield comparison.

Year	VAW	NVDL
2026	0.34%	0.00%
2025	1.55%	0.00%
2024	1.70%	0.00%
2023	1.72%	67.71%
2022	1.98%	0.00%
2021	1.44%	0.00%
2020	1.67%	0.00%
2019	1.94%	0.00%
2018	2.03%	0.00%
2017	1.63%	0.00%
2016	1.67%	0.00%
2015	2.30%	0.00%
2014	1.76%	0.00%
2013	1.84%	0.00%
2012	1.87%	0.00%
2011	2.16%	0.00%
2010	2.18%	0.00%
2009	1.36%	0.00%
2008	3.52%	0.00%
2007	1.45%	0.00%
2006	1.61%	0.00%
2005	1.61%	0.00%
2004	1.66%	0.00%