GraniteShares 2x Long NVDA Daily ETF vs Royal Bank of Canada — how do they compare? GraniteShares 2x Long NVDA Daily ETF trades at $31.51, while Royal Bank of Canada trades at $210.37 (market cap $289.51B). The key difference: Royal Bank of Canada pays a 2.42% dividend while GraniteShares 2x Long NVDA Daily ETF pays none, and Royal Bank of Canada 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 | RY | |
|---|---|---|
Sector | Leveraged / Inverse | Financials |
52-Week High | $43.02 | $217.87 |
52-Week Low | $21.76 | $128.46 |
Market Cap | — | $289.51B |
Dividend Yield | — | 2.42% |
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 →Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.
Read more on RY →