GraniteShares 2x Long NVDA Daily ETF vs Xylem, Inc. — how do they compare? GraniteShares 2x Long NVDA Daily ETF trades at $31.42, while Xylem, Inc. trades at $117.66 (market cap $28.67B). The key difference: Xylem, Inc. pays a 1.43% dividend while GraniteShares 2x Long NVDA Daily ETF pays none, and GraniteShares 2x Long NVDA Daily ETF is trading nearer its 52-week high, Xylem, Inc. nearer its low. Which is the better fit depends on your goals.
| NVDL | XYL | |
|---|---|---|
Sector | Leveraged / Inverse | Industrials |
52-Week High | $43.02 | $152.95 |
52-Week Low | $21.76 | $106.34 |
Market Cap | — | $28.67B |
Enterprise Value | — | $29.92B |
Dividend Yield | — | 1.43% |
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 →Xylem is a global leader in water technology and offers a wide range of solutions, including the transport, treatment, testing, and efficient use of water for customers in the utility, industrial, commercial, and residential sectors. Xylem was spun off from ITT in 2011. Based in Rye Brook, New York, Xylem has a presence in over 150 countries and employs 16,200. The company generated $6.2 billion in revenue and $611 million in adjusted operating income in 2021.
Read more on XYL →