GraniteShares 2x Long NVDA Daily ETF vs Transocean Ltd — how do they compare? GraniteShares 2x Long NVDA Daily ETF trades at $31.39, while Transocean Ltd trades at $5.23 (market cap $5.56B). Which is the better fit depends on your goals.
| NVDL | RIG | |
|---|---|---|
Sector | Leveraged / Inverse | Technology |
52-Week High | $43.02 | $7.58 |
52-Week Low | $21.76 | $2.64 |
Market Cap | — | $5.56B |
Enterprise Value | — | $10.50B |
Trailing returns across standard periods
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 →Transocean Ltd. is a leading international provider of offshore contract drilling services for oil and gas wells. The company operates one of the world's most versatile fleets of mobile offshore drilling units, including ultra-deepwater drillships and harsh environment semi-submersibles. RIG's services are essential to energy exploration and production companies seeking to access deepwater and challenging reserves globally.
Read more on RIG →