Nucor Corporation vs GraniteShares 2x Long NVDA Daily ETF — how do they compare? Nucor Corporation trades at $230.8 (market cap $52.55B), while GraniteShares 2x Long NVDA Daily ETF trades at $31.4. The key difference: Nucor Corporation pays a 0.97% dividend while GraniteShares 2x Long NVDA Daily ETF pays none, and Nucor Corporation 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.
| NUE | NVDL | |
|---|---|---|
Market Cap | $52.55B | — |
Sector | Basic Materials | Leveraged / Inverse |
52-Week High | $266.35 | $43.02 |
52-Week Low | $131.78 | $21.76 |
Enterprise Value | $57.19B | — |
Dividend Yield | 0.97% | — |
Trailing returns across standard periods
Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products and raw materials, the steel mills segment derives maximum revenue.
Read more on NUE →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.
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