A side-by-side comparison of Defiance Daily Target 2X Long SOFI ETF (SOFX) and GraniteShares 2x Long NVDA Daily ETF (NVDL) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | SOFX | NVDL |
|---|---|---|
| YTD Return | -29.18% | +27.17%✓ |
| 1-Day Change | -1.98% | +0.01%✓ |
| 1-Week Change | -2.53% | +10.39%✓ |
| 1-Month Change | -27.22% | +6.58%✓ |
| Current Price | $6.94 | $40.17 |
| AUM | $55M | $3.77B✓ |
| MER (Expense Ratio) | 129% | 1.15%✓ |
| Dividend Yield | 51.92% | — |
| Distribution Frequency | — | — |
| Inception Date | 2025-01-15 | 2022-12-12 |
| Holdings Count | 1 | 1 |
| MorningStar Rating | — | — |
| Category | Trading--Leveraged Equity | Trading--Leveraged Equity |
| Beta | 0.00 | 3.89 |
| 52-Week High | $49.53 | $43.27 |
| 52-Week Low | $6.75 | $21.54 |
| 50-Day MA | $8.89 | $34.38 |
| 200-Day MA | $13.32 | $31.26 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | SOFX | NVDL |
|---|---|---|
| YTD | -29.18% | +27.17%✓ |
| 1 Year | -79.26% | +20.39%✓ |
| 3 Year | — | +105.73% |
| 5 Year | — | — |
| 10 Year | — | — |
| 1Y Volatility | 71.10% | 53.41% |
| Sharpe Ratio (3Y) | — | 1.25 |
Past performance is not a guarantee of future results.
Sector Weights
| Sector | SOFX | NVDL |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About SOFX
The fund is an actively managed exchange traded fund ("ETF") that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified.
About NVDL
The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the underlying stock by entering into financial instruments such as swaps and options on the underlying stock as well as directly purchasing the underlying stock. The fund will aim to primarily obtain its notional exposure against the underlying stock through swap agreements. It is non-diversified.
Which ETF is Right for You?
Both SOFX and NVDL are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, NVDL scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between SOFX and NVDL?
SOFX (Defiance Daily Target 2X Long SOFI ETF) and NVDL (GraniteShares 2x Long NVDA Daily ETF) are both Canadian-listed ETFs. Key differences include their AUM ($55M vs $3.77B), dividend yield (51.92% vs N/A), and year-to-date performance (-29.18% vs +27.17%).
Is SOFX better than NVDL?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy SOFX and NVDL on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both SOFX and NVDL should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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