NVD
GraniteShares 2x Short NVDA Daily ETF
GraniteShares 2x Short NVDA Daily ETF seeks to provide investors with daily investment results that correspond to 2 times the inverse of the daily performance of NVIDIA Corporation's common stock.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
83.7 M
ASSETS UNDER MGMT
150 bp
EXPENSES
Fund Basics
| Fund sponsor | GraniteShares |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Aug 21, 2023 |
| Assets (mns) | $73 |
| Expense ratio | 150 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -5.6% | -82.1% | -- | -- | -- | -- | -85.1% | Volatility | 143.3% | 110.9% | -- | -- | -- | -- | 99.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -3.14 | 40% |
| MSCI EAFE | -1.74 | 15% |
| MSCI Emg Mkts | -1.73 | 11% |
Liquidity Measures
| Avg. volume (000) | 4,860 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $0 |
Technical Indicators
| Recent close | $33.94 |
| 30d moving avg. | $29.01 |
| Annualized volatility | 64.3% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 8.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| NVD (150 bp) Percentile rank | 99 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NVD | 150.0 | 4.6 | 154.6 |
| Peer Avg. | 90.6 | 29.4 | 120.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .