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
100.8 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) | $104 |
| 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 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -41.7% | -76.2% | -- | -- | -- | -- | -- | -87.0% |
| Dividend Yield | 0.0% | 2.2% | -- | -- | -- | -- | -- | 1.9% |
| Total Returns | -41.7% | -74.0% | -- | -- | -- | -- | -- | -85.2% | Ann. Volatility | 134.7% | 117.6% | -- | -- | -- | -- | -- | 103.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -3.45 | 49% |
| MSCI EAFE | -1.07 | 5% |
| MSCI Emg Mkts | -0.96 | 3% |
Liquidity Measures
| Avg. volume (000) | 6,022 |
| ADV traded (mns) | $95 |
| Turnover | 94.1% |
| Avg. Bid/Ask (% of price) | 0.05% |
Technical Indicators
| Recent close | $15.75 |
| 30d moving avg. | $20.62 |
| Annualized volatility | 68.0% |
| Relative strength (RSI) | 39 |
| Short interest | 4.8% |
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. | 93.9 | 36.5 | 130.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .