GraniteShares 2x Long NVDA Daily ETF vs Utilities Select Sector SPDR Fund — how do they compare? GraniteShares 2x Long NVDA Daily ETF trades at $31.41, while Utilities Select Sector SPDR Fund trades at $44.97. The key difference: Utilities Select Sector SPDR Fund 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 | XLU | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $43.02 | $47.73 |
52-Week Low | $21.76 | $41.31 |
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 →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: electric utilities; water utilities; multi-utilities; independent power and renewable electricity producers; and gas utilities. The fund is non-diversified.
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