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
112.2 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) | $131 |
| 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 |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -76.1% | -79.5% | -90.2% | -- | -- | -- | -- | -87.2% |
| Dividend Yield | 0.0% | 1.9% | 1.2% | -- | -- | -- | -- | 1.5% |
| Total Returns | -76.1% | -77.6% | -88.9% | -- | -- | -- | -- | -85.8% | Ann. Volatility | 103.0% | 98.4% | 100.0% | -- | -- | -- | -- | 96.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -3.32 | 44% |
| MSCI EAFE | -1.29 | 8% |
| MSCI Emg Mkts | -0.64 | 1% |
Liquidity Measures
| Avg. volume (000) | 24,850 |
| ADV traded (mns) | $191 |
| Turnover | 170.1% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| Recent close | $7.68 |
| 30d moving avg. | $8.68 |
| Annualized volatility | 63.2% |
| Relative strength (RSI) | 37 |
| Short interest | 6.3% |
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 | 198 |
| Avg. Expense Ratio | 94.2 bp |
| Std. Deviation | 22.7 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 | 11.8 | 161.8 |
| Peer Avg. | 94.2 | 30.6 | 124.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .