Invesco Ltd. vs GraniteShares 2x Long NVDA Daily ETF — how do they compare? Invesco Ltd. trades at $29.68 (market cap $13.15B), while GraniteShares 2x Long NVDA Daily ETF trades at $31.39. The key difference: Invesco Ltd. pays a 2.9% dividend while GraniteShares 2x Long NVDA Daily ETF pays none, and Invesco Ltd. is trading nearer its 52-week high, GraniteShares 2x Long NVDA Daily ETF nearer its low. Which is the better fit depends on your goals.
| IVZ | NVDL | |
|---|---|---|
Market Cap | $13.15B | — |
Sector | Financials | Leveraged / Inverse |
52-Week High | $30.30 | $43.02 |
52-Week Low | $20.20 | $21.76 |
Enterprise Value | $23.39B | — |
Dividend Yield | 2.9% | — |
Trailing returns across standard periods
Invesco provides investment-management services to retail (65% of managed assets) and institutional (35%) clients. At the end of August 2022, the firm had $1.416 trillion in assets under management spread among its equity (47% of AUM), balanced (5%), fixed-income (22%), alternative investment (14%), and money market (12%) operations. Passive products account for 32% of Invesco's total AUM, including 56% of the company's equity operations and 13% of its fixed-income platform. Invesco's U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside the U.S., with close to one third of its AUM sourced from Canada (2%), the U.K. (4%), continental Europe (11%), and Asia (15%).
Read more on IVZ →NVDL is a leveraged ETF that seeks daily investment results corresponding to 200% (2x) of the daily performance of NVIDIA Corporation (NVDA) stock. It is designed as a tactical trading tool for investors with a strong bullish (long) view on NVDA. Due to the effects of compounding and leverage, the ETF is intended to be held for a single day and is not suitable for long-term investment, as its performance over longer periods may significantly deviate from two times the performance of the NVDA stock.
Read more on NVDL →