GraniteShares 2x Long NVDA Daily ETF vs United States Oil ETF — how do they compare? GraniteShares 2x Long NVDA Daily ETF trades at $31.4, while United States Oil ETF trades at $128.85. The key difference: United States Oil ETF 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 | USO | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $43.02 | $152.96 |
52-Week Low | $21.76 | $66.17 |
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 →This ETF invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.
Read more on USO →