GraniteShares 2x Long NVDA Daily ETF vs Rockwell Automation — how do they compare? GraniteShares 2x Long NVDA Daily ETF trades at $31.4, while Rockwell Automation trades at $466.2 (market cap $51.04B). The key difference: Rockwell Automation pays a 1.2% dividend while GraniteShares 2x Long NVDA Daily ETF pays none, and Rockwell Automation 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.
| NVDL | ROK | |
|---|---|---|
Sector | Leveraged / Inverse | Industrials |
52-Week High | $43.02 | $495.08 |
52-Week Low | $21.76 | $328.67 |
Market Cap | — | $51.04B |
Enterprise Value | — | $54.67B |
Dividend Yield | — | 1.2% |
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 →Rockwell Automation is a pure-play automation competitor that is the successor entity to Rockwell International, which spun off its former Rockwell Collins avionics segment in 2001. As of fiscal 2021, the firm operates through three segments--intelligent devices, software and control, and lifecycle services. Intelligent devices contains its drives, sensors, and industrial components, software and control contains its information and network and security software, while lifecycle services contains its consulting and maintenance services as well as its Sensia JV with Schlumberger.
Read more on ROK →