GraniteShares 2x Long NVDA Daily ETF vs Direxion Daily Semiconductor Bear 3X Shares — how do they compare? GraniteShares 2x Long NVDA Daily ETF trades at $31.43, while Direxion Daily Semiconductor Bear 3X Shares trades at $45.12. Which is the better fit depends on your goals.
| NVDL | SOXS | |
|---|---|---|
Sector | Leveraged / Inverse | Leveraged / Inverse |
52-Week High | $43.02 | $1.61K |
52-Week Low | $21.76 | $32.50 |
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 →SOXS is a leveraged ETF that seeks daily investment results corresponding to 300% of the inverse (opposite) of the daily performance of the ICE Semiconductor Index. It is designed as a tactical tool for experienced traders to take a bearish (short) position on the semiconductor sector. Due to the effects of compounding and leverage, SOXS is intended to be held for a single day and is not suitable for long-term investment.
Read more on SOXS →