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ETFs

GraniteShares ETF Trust GraniteShares 1.5x Short NVDA Daily ETF

NVD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 21 2023
Expense Ratio
1.50%
Type
US Equities
Fund Owner
GraniteShares
Volume (1m avg. daily)
$961,500
AUM
$2,066,848
Associated Index
None
Inverse/Leveraged
Inverse (-1.5x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

CO.BROKE
BROKER SWEEP
70.47%
n/a
US Dollars
23.59%
Invest with NVD

What is NVD?

The GraniteShares 1.5x Short NVDA Daily ETF is an exchange-traded fund incorporated in the USA. The Fund seeks daily investment results, before fees and expenses, of -1.5 times (-150%) the daily percentage change of the common stock of NVIDIA Corp. NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.

ETFs related toNVD

ETFs correlated to NVD include NVDS, SOXS, QID

NVD
GraniteShares ETF Trust - GraniteShares 1.5x Short NVDA Daily ETF
NVDS
Investment Managers Series Trust II - AXS 1.25X NVDA Bear Daily ETF
SOXS
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bear 3X Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
BERZ
Bank of Montreal - MicroSectorsTM Solactive FANG & Innovation -3X Inverse Leveraged ETNs
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
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Create your own algorithmic trading strategy with NVD using Composer

FAQ

NVD is a US Equities ETF. The GraniteShares 1.5x Short NVDA Daily ETF is an exchange-traded fund incorporated in the USA. The Fund seeks daily investment results, before fees and expenses, of -1.5 times (-150%) the daily percentage change of the common stock of NVIDIA Corp. NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.

Yes, NVD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, NVD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NVD is 0.1656%. This is the percent change in the value of NVD over the most recent 1-month period. The 3-month return on NVD is %. This is the percent change in the value of NVD over the most recent 3-month period.

ETFs similar to NVD include TQQQ, SSO, and TNA.

ETFs correlated to NVD include NVDS, SOXS, and QID.

ETFs that are inversely correlated to NVD include NVDL, NVDY, and USD.

Yes, NVD is a Inverse (-1.5x) ETF.

Yes, NVD is a Inverse (-1.5x) leveraged ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.