Here’s How Much You Would Have Made Owning GraniteShares 2x Long NVDA Daily ETF Stock In The Last 5 Years
Complete. Here is the key summaryGraniteShares 2x Long NVDA Daily ETF (NVDL) has delivered an average annual return of 132.75% over the past five years, outperforming the market by 121.53%. A $100 investment made five years ago would now be worth $6,831.16. The ETF currently holds a market capitalization of $1.51 billion, highlighting the power of compounded returns.
GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) has outperformed the market over the past 5 years by 121.53% on an annualized basis producing an average annual return of 132.75%. Currently, GraniteShares 2x Long NVDA Daily ETF has a market capitalization of $1.51 billion.
Buying $100 In NVDL: If an investor had bought $100 of NVDL stock 5 years ago, it would be worth $6,831.16 today based on a price of $33.44 for NVDL at the time of writing.
GraniteShares 2x Long NVDA Daily ETF’s Performance Over Last 5 Years
Finally -- what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.