Nvidia: fact sheet
Every number of the InvestWealth System for Nvidia next to simply buying and holding Nvidia (NVDA): Jan 1999 to Jul 2026, 27.5 years, trading costs included.
From 1999 to 2026 the InvestWealth System for Nvidia grew 39.3% a year against 36.6% for buy & hold, with a worst fall of 66.0% against 89.7%. Its biggest lead over buy & hold came in 2010 (+76 points, a year when buy & hold lost 18%).
Hypothetical backtest · full sample · data to 31 Jul 2026 (3-month delay, so no current position can be read off this page) · about Nvidia
CAGR
39.3%
Buy & hold 36.6%
Sharpe ratio
0.96
Buy & hold 0.79
Max drawdown
-66.0%
Buy & hold -89.7%
Calmar ratio
0.60
Buy & hold 0.41
Volatility
41.2%
Buy & hold 59.3%
Longest time under water
3.3 years
Buy & hold 8.5 years
Positive years
78%
Buy & hold 74%
Time invested
57%
Buy & hold 100%
Growth of 100
InvestWealth System vs buy & hold · log scaleDrawdownfall from the previous high · time under water
Key statistics
Green = better than buy & hold. Hover or tap a name for what it means.
| Statistic | InvestWealth System | Buy & hold |
|---|---|---|
| Return | ||
| CAGR | 39.34% | 36.60% |
| Total return | 923,537% | 534,392% |
| Best year | 292.7% | 308.4% |
| Worst year | -39.0% | -82.8% |
| Risk | ||
| Volatility | 41.2% | 59.3% |
| Max drawdown | -66.0% | -89.7% |
| Average drawdown | -7.2% | -8.5% |
| Longest time under water | 3.3 years | 8.5 years |
| Time below a previous high | 94% | 95% |
| Falls of 20 % or more | 17 | 16 |
| Ulcer index | 19.91% | 45.21% |
| Return per unit of risk | ||
| Sharpe ratio | 0.96 | 0.79 |
| Sortino ratio | 1.56 | 1.21 |
| Calmar ratio | 0.60 | 0.41 |
| Consistency | ||
| Positive years | 78% | 74% |
| Positive months | 62% | 61% |
| Worst month | -34.8% | -48.7% |
| Skew (monthly) | 1.33 | 0.63 |
| How the strategy behaves | ||
| Time invested | 57% | 100% |
| Switches per year | 2.0 | – |
| Trading costs per year | 0.46% | – |
All statistics (46 numbers)
| Statistic | InvestWealth System | Buy & hold |
|---|---|---|
| Return | ||
| CAGR | 39.34% | 36.60% |
| Total return | 923,537% | 534,392% |
| Best year | 292.7% | 308.4% |
| Worst year | -39.0% | -82.8% |
| Best month | 72.7% | 82.6% |
| Worst month | -34.8% | -48.7% |
| Best day | 38.51% | 42.42% |
| Worst day | -16.99% | -35.23% |
| Average up month | 9.28% | 13.88% |
| Average down month | -6.02% | -11.37% |
| Risk and drawdowns | ||
| Volatility | 41.2% | 59.3% |
| Max drawdown | -66.0% | -89.7% |
| Average drawdown | -7.2% | -8.5% |
| Longest time under water | 3.3 years | 8.5 years |
| Average time under water | 50 days | 55 days |
| Time below a previous high | 94% | 95% |
| Falls of 10 % or more | 40 | 38 |
| Falls of 20 % or more | 17 | 16 |
| Ulcer index | 19.91% | 45.21% |
| Value at risk (95 %, 1 day) | -3.57% | -5.26% |
| Expected shortfall (95 %, 1 day) | -5.62% | -7.94% |
| Return per unit of risk | ||
| Sharpe ratio | 0.96 | 0.79 |
| Sortino ratio | 1.56 | 1.21 |
| Calmar ratio | 0.60 | 0.41 |
| Omega ratio | 1.24 | 1.17 |
| Gain/pain ratio | 1.54 | 0.91 |
| Profit factor (monthly) | 2.54 | 1.91 |
| Tail ratio | 1.14 | 1.10 |
| Recovery factor | 13,994.4 | 5,956.1 |
| Distribution | ||
| Skew (monthly) | 1.33 | 0.63 |
| Kurtosis (monthly, excess) | 5.15 | 2.25 |
| Skew (daily) | 1.62 | 0.60 |
| Kurtosis (daily, excess) | 19.11 | 11.45 |
| Consistency | ||
| Positive years | 78% | 74% |
| Positive months | 62% | 61% |
| Positive days | 54.3% | 52.1% |
| Longest winning streak | 9 | 9 |
| Longest losing streak | 8 | 9 |
| Compared with buy & hold | ||
| Beta to buy & hold | 0.48 | – |
| Correlation with buy & hold | 0.69 | – |
| Up-month capture | 61% | – |
| Down-month capture | 38% | – |
| How the strategy behaves | ||
| Time invested | 57% | 100% |
| Average exposure | 56% | 100% |
| Switches per year | 2.0 | – |
| Trading costs per year | 0.46% | – |
Every calendar year
InvestWealth SystemBuy & hold
Table: every year, strategy vs buy & hold
| Year | InvestWealth System | Buy & hold | Difference |
|---|---|---|---|
| 2026 (part) | +10.2% | +7.8% | +2.5 pts |
| 2025 | +33.8% | +38.9% | -5.1 pts |
| 2024 | +139.6% | +171.2% | -31.7 pts |
| 2023 | +205.1% | +239.0% | -33.9 pts |
| 2022 | -39.0% | -50.3% | +11.3 pts |
| 2021 | +119.9% | +125.5% | -5.5 pts |
| 2020 | +89.4% | +122.3% | -32.9 pts |
| 2019 | -8.1% | +76.9% | -85.1 pts |
| 2018 | +3.0% | -30.8% | +33.8 pts |
| 2017 | +31.5% | +82.0% | -50.5 pts |
| 2016 | +177.8% | +227.0% | -49.1 pts |
| 2015 | +20.9% | +67.1% | -46.2 pts |
| 2014 | +9.5% | +27.4% | -17.9 pts |
| 2013 | -5.2% | +33.5% | -38.7 pts |
| 2012 | +0.3% | -11.0% | +11.3 pts |
| 2011 | +43.0% | -10.0% | +53.0 pts |
| 2010 | +58.0% | -17.6% | +75.5 pts |
| 2009 | -0.5% | +131.5% | -132.0 pts |
| 2008 | -12.9% | -76.3% | +63.4 pts |
| 2007 | +25.6% | +37.9% | -12.2 pts |
| 2006 | +61.9% | +102.5% | -40.5 pts |
| 2005 | +30.4% | +55.2% | -24.7 pts |
| 2004 | +28.4% | +1.6% | +26.8 pts |
| 2003 | +1.6% | +101.6% | -100.0 pts |
| 2002 | -18.9% | -82.8% | +63.9 pts |
| 2001 | +292.7% | +308.4% | -15.7 pts |
| 2000 | +50.6% | +39.6% | +10.9 pts |
| 1999 (part) | +138.4% | +138.4% | 0.0 pts |
(part) = the first and last year are not complete calendar years. Best and worst year in the statistics count full years only.
Every month
Monthly returns of the InvestWealth System. The last two columns: the whole year, strategy and buy & hold.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | B&H |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.1 | 6.5 | -1.8 | -1.4 | 5.8 | -5.1 | 0.3 | 10.2 | 7.8 | |||||
| 2025 | -10.2 | 3.8 | 4.1 | 2.0 | -1.8 | 16.9 | 12.6 | -2.1 | 7.1 | 8.5 | -12.6 | 5.2 | 33.8 | 38.9 |
| 2024 | 24.2 | 28.6 | 13.5 | -4.4 | 26.9 | 12.7 | -5.3 | 0.0 | 1.6 | -0.8 | 4.1 | -2.9 | 139.6 | 171.2 |
| 2023 | 33.7 | 19.0 | 19.5 | -0.1 | 37.2 | 9.3 | 10.5 | 5.6 | -11.9 | -6.4 | 6.2 | 4.8 | 205.1 | 239.0 |
| 2022 | -16.9 | 2.2 | -2.1 | -5.7 | -2.8 | -1.4 | -0.1 | -3.7 | -5.6 | -3.9 | 7.6 | -13.6 | -39.0 | -50.3 |
| 2021 | -3.6 | 5.6 | -2.6 | 12.4 | 8.2 | 23.2 | -2.5 | 14.8 | -7.5 | 23.4 | 27.8 | -9.3 | 119.9 | 125.5 |
| 2020 | 0.3 | 2.8 | -6.0 | 9.5 | 21.5 | 7.1 | 11.8 | 26.0 | 1.2 | -7.4 | 6.9 | -2.8 | 89.4 | 122.3 |
| 2019 | 1.6 | -1.0 | 1.8 | 0.8 | -25.2 | 4.5 | 0.1 | 9.5 | -3.0 | 0.7 | -2.0 | 8.6 | -8.1 | 76.9 |
| 2018 | 27.0 | -1.5 | -4.3 | -3.1 | 0.2 | -6.1 | 3.4 | 14.7 | 0.1 | -25.4 | 1.1 | 5.4 | 3.0 | -30.8 |
| 2017 | 2.3 | -6.9 | 7.3 | -4.4 | 0.7 | -0.2 | 12.4 | 4.4 | 5.5 | 15.7 | -2.9 | -3.6 | 31.5 | 82.0 |
| 2016 | -11.1 | 7.2 | -0.7 | -0.3 | 31.8 | 0.6 | 21.5 | 7.6 | 11.7 | 3.9 | 25.7 | 16.3 | 177.8 | 227.0 |
| 2015 | -4.4 | -6.2 | -5.1 | 6.1 | 0.1 | -9.3 | -1.0 | 1.3 | 9.7 | 15.1 | 12.2 | 3.9 | 20.9 | 67.1 |
| 2014 | -2.0 | 17.6 | -2.6 | 3.1 | 3.3 | -2.4 | -5.8 | 2.3 | -5.3 | -0.3 | 7.8 | -4.4 | 9.5 | 27.4 |
| 2013 | -1.8 | -1.9 | 0.3 | -1.4 | -6.5 | -7.2 | 2.4 | 2.7 | 5.5 | -2.4 | 3.3 | 2.7 | -5.2 | 33.5 |
| 2012 | 5.5 | -2.8 | -2.8 | 2.3 | 1.3 | 0.3 | 2.1 | 3.6 | -5.1 | -1.7 | 0.3 | -2.5 | 0.3 | -11.0 |
| 2011 | 55.2 | -5.5 | -18.5 | 8.1 | 0.8 | -2.4 | 6.4 | 11.0 | 1.1 | 0.8 | 5.6 | -11.5 | 43.0 | -10.0 |
| 2010 | 0.7 | 1.5 | -1.2 | 4.6 | 4.1 | 4.1 | -3.0 | 7.0 | 0.9 | 2.9 | 13.2 | 13.2 | 58.0 | -17.6 |
| 2009 | -3.8 | 0.0 | 0.8 | -5.1 | 3.3 | -2.2 | 1.5 | 1.1 | 4.1 | 0.6 | 7.0 | -6.8 | -0.5 | 131.5 |
| 2008 | 6.5 | 2.4 | -1.9 | -3.3 | -1.1 | -24.4 | -0.9 | -3.3 | 2.8 | -9.0 | 13.5 | 10.7 | -12.9 | -76.3 |
| 2007 | -17.4 | 3.0 | -1.4 | 1.3 | 5.3 | 19.3 | 10.8 | 11.8 | 6.3 | -2.4 | -11.0 | 3.0 | 25.6 | 37.9 |
| 2006 | 23.0 | 4.8 | 21.5 | 2.1 | -21.5 | -1.7 | 2.7 | 0.6 | 1.6 | 17.8 | 6.1 | 0.1 | 61.9 | 102.5 |
| 2005 | -2.7 | 26.5 | -18.0 | -7.9 | -0.4 | 3.0 | 1.3 | 13.4 | 11.7 | -2.1 | 7.8 | 1.1 | 30.4 | 55.2 |
| 2004 | 1.0 | 1.2 | 0.7 | -3.1 | -0.1 | 0.6 | 0.8 | 2.1 | 0.5 | 1.0 | -0.5 | 23.2 | 28.4 | 1.6 |
| 2003 | -0.2 | 1.6 | -0.6 | 0.6 | 3.2 | -0.9 | -5.0 | 0.7 | 3.0 | -1.5 | 0.2 | 0.7 | 1.6 | 101.6 |
| 2002 | -1.7 | -22.6 | 0.1 | 0.2 | 0.1 | 0.1 | 0.8 | 2.8 | 2.2 | -1.8 | -0.4 | 2.3 | -18.9 | -82.8 |
| 2001 | 38.3 | 0.2 | 45.3 | 28.3 | 2.8 | 8.3 | -12.9 | 0.3 | 0.2 | 0.0 | 27.5 | 22.4 | 292.7 | 308.4 |
| 2000 | -21.0 | 72.7 | 37.8 | 4.7 | 28.1 | 10.7 | -7.1 | 32.3 | 3.2 | -24.1 | -34.8 | -14.0 | 50.6 | 39.6 |
| 1999 | -3.5 | 15.5 | -3.7 | -13.6 | -6.5 | 12.1 | 5.2 | 39.8 | -31.6 | 14.9 | 56.5 | 35.6 | 138.4 | 138.4 |
Buy & hold, every month
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.5 | -7.3 | -1.6 | 14.4 | 5.8 | -5.1 | 0.3 | 7.8 | |||||
| 2025 | -10.6 | 4.0 | -13.2 | 0.5 | 24.1 | 16.9 | 12.6 | -2.1 | 7.1 | 8.5 | -12.6 | 5.4 | 38.9 |
| 2024 | 24.2 | 28.6 | 14.2 | -4.4 | 26.9 | 12.7 | -5.3 | 2.0 | 1.7 | 9.3 | 4.1 | -2.9 | 171.2 |
| 2023 | 33.7 | 18.8 | 19.7 | -0.1 | 36.3 | 11.8 | 10.5 | 5.6 | -11.9 | -6.3 | 14.7 | 5.9 | 239.0 |
| 2022 | -16.7 | -0.4 | 11.9 | -32.0 | 0.7 | -18.8 | 19.8 | -16.9 | -19.6 | 11.2 | 25.4 | -13.6 | -50.3 |
| 2021 | -0.5 | 5.6 | -2.6 | 12.4 | 8.2 | 23.2 | -2.5 | 14.8 | -7.5 | 23.4 | 27.8 | -10.0 | 125.5 |
| 2020 | 0.5 | 14.3 | -2.4 | 10.9 | 21.5 | 7.1 | 11.8 | 26.0 | 1.2 | -7.4 | 6.9 | -2.6 | 122.3 |
| 2019 | 7.7 | 7.4 | 16.4 | 0.8 | -25.1 | 21.2 | 2.7 | -0.6 | 3.9 | 15.5 | 7.9 | 8.6 | 76.9 |
| 2018 | 27.0 | -1.5 | -4.3 | -2.9 | 12.2 | -6.1 | 3.4 | 14.7 | 0.1 | -25.0 | -22.4 | -18.3 | -30.8 |
| 2017 | 2.3 | -6.9 | 7.3 | -4.3 | 38.5 | 0.1 | 12.4 | 4.4 | 5.5 | 15.7 | -2.9 | -3.6 | 82.0 |
| 2016 | -11.1 | 7.5 | 13.6 | -0.3 | 31.8 | 0.6 | 21.5 | 7.6 | 11.7 | 3.9 | 29.8 | 15.8 | 227.0 |
| 2015 | -4.2 | 15.3 | -5.1 | 6.1 | 0.1 | -9.1 | -0.8 | 13.2 | 9.7 | 15.1 | 12.2 | 3.9 | 67.1 |
| 2014 | -2.0 | 17.6 | -2.6 | 3.1 | 3.3 | -2.4 | -5.6 | 11.6 | -5.1 | 5.9 | 7.8 | -4.4 | 27.4 |
| 2013 | 0.0 | 3.9 | 1.3 | 7.3 | 5.6 | -3.0 | 2.8 | 2.7 | 5.5 | -2.4 | 3.3 | 2.7 | 33.5 |
| 2012 | 6.6 | 2.6 | 1.7 | -15.6 | -4.4 | 11.2 | -2.0 | 3.6 | -4.9 | -10.2 | 0.6 | 2.4 | -11.0 |
| 2011 | 55.3 | -5.3 | -18.5 | 8.3 | 0.2 | -20.5 | -13.2 | -3.8 | -6.0 | 18.3 | 5.6 | -11.3 | -10.0 |
| 2010 | -17.6 | 5.3 | 7.4 | -9.7 | -16.4 | -22.3 | -10.0 | 1.5 | 25.2 | 2.9 | 13.2 | 13.2 | -17.6 |
| 2009 | -1.5 | 4.2 | 19.1 | 16.4 | -9.1 | 8.2 | 14.5 | 12.3 | 3.5 | -20.4 | 9.2 | 43.0 | 131.5 |
| 2008 | -27.7 | -13.0 | -7.5 | 3.8 | 20.2 | -24.2 | -38.9 | 10.5 | -15.3 | -18.2 | -14.7 | 8.0 | -76.3 |
| 2007 | -17.2 | 1.1 | -7.2 | 14.3 | 5.3 | 19.3 | 10.8 | 11.8 | 6.3 | -2.4 | -10.9 | 7.9 | 37.9 |
| 2006 | 23.0 | 4.8 | 21.5 | 2.1 | -21.4 | -7.4 | 4.0 | 31.5 | 1.6 | 17.8 | 6.1 | 0.1 | 102.5 |
| 2005 | -2.7 | 26.5 | -18.0 | -7.7 | 23.6 | -1.4 | 1.3 | 13.4 | 11.7 | -2.1 | 7.8 | 1.1 | 55.2 |
| 2004 | -4.1 | 0.0 | 18.7 | -22.3 | 14.3 | -12.7 | -24.7 | -19.2 | 16.5 | -0.3 | 32.2 | 23.2 | 1.6 |
| 2003 | -10.3 | 22.3 | 2.1 | 11.3 | 82.6 | -12.5 | -16.7 | -4.8 | -12.1 | 10.7 | 20.1 | 9.3 | 101.6 |
| 2002 | -1.7 | -22.4 | -13.0 | -21.5 | -3.9 | -48.7 | -35.6 | -8.8 | -15.2 | 39.0 | 44.0 | -32.8 | -82.8 |
| 2001 | 57.6 | -13.4 | 45.3 | 28.3 | 2.8 | 8.3 | -12.8 | 4.7 | -35.1 | 56.0 | 27.5 | 22.4 | 308.4 |
| 2000 | -21.0 | 72.7 | 32.0 | 5.5 | 28.1 | 11.4 | -5.6 | 32.3 | 3.2 | -24.1 | -34.8 | -19.1 | 39.6 |
| 1999 | -3.5 | 15.5 | -3.7 | -13.6 | -6.5 | 12.1 | 5.2 | 39.8 | -31.6 | 14.9 | 56.5 | 35.6 | 138.4 |
The 5 worst drawdowns
Each fall from a high: how deep, how long to the low, and how long until the old high was back.
InvestWealth System
| # | Fall | High | Low | High regained | Down | Back up |
|---|---|---|---|---|---|---|
| 1 | -66.0% | Jun 2000 | Dec 2000 | Apr 2001 | 6 months | 4 months |
| 2 | -48.0% | Nov 2021 | Dec 2022 | Mar 2023 | 1.1 years | 3 months |
| 3 | -43.2% | Oct 2007 | Nov 2008 | Nov 2010 | 1.0 years | 2.0 years |
| 4 | -42.9% | Oct 2018 | Mar 2020 | Jul 2020 | 1.5 years | 4 months |
| 5 | -35.6% | Aug 1999 | Sep 1999 | Nov 1999 | 24 days | 41 days |
Buy & hold
| # | Fall | High | Low | High regained | Down | Back up |
|---|---|---|---|---|---|---|
| 1 | -89.7% | Jan 2002 | Oct 2002 | Nov 2006 | 9 months | 4.1 years |
| 2 | -85.1% | Oct 2007 | Nov 2008 | Apr 2016 | 1.1 years | 7.4 years |
| 3 | -67.8% | Jun 2000 | Dec 2000 | Apr 2001 | 6 months | 4 months |
| 4 | -66.3% | Nov 2021 | Oct 2022 | May 2023 | 10 months | 7 months |
| 5 | -56.0% | Oct 2018 | Dec 2018 | Feb 2020 | 3 months | 1.1 years |
Rolling 12-month return
The return over the previous 12 months, at every month-end.
Monthly returns: how often
Number of months in each 2-point band: the 0% bar counts months between −1% and +1%, the +2% bar months between +1% and +3%, and so on. Fewer months far left = fewer painful months.
Live tracking
The rules were fixed on 16 October 2026 and every month-end decision since then is recorded once and never changed. Live results appear here with the same 3-month delay, from early 2027.
How these numbers are made
- Tested before it was fixed. The rules were chosen with split-sample tests (rules picked on one part of the history, checked on the rest) and fixed on 16 October 2026. All results on this page cover the full sample, Jan 1999 to Jul 2026.
- Month-end decisions, traded at that day’s close; when the strategy is out of the market the money sits in a defensive cash leg (in T-bills for the years before the funds of the cash leg existed). Estimated trading costs are deducted.
- Daily data. CAGR by calendar time; Sharpe and Sortino on daily returns above 3-month T-bills, scaled to a year with √252; drawdowns from daily closes, from a high until that high is regained; value at risk and expected shortfall historical, daily, 95 %.
- Checked independently. Every number is recalculated with QuantStats, a widely used open-source performance library, on the same daily returns each time the code changes; the check fails if any figure differs.
InvestWealth.com (including H2 Intel Ltd and Dr. Harry Hamann) is not a registered investment advisor or broker/dealer. All content is for informational and educational purposes only and is not investment advice. Backtested results are hypothetical (including estimated trading costs), do not reflect actual trading and do not guarantee future results. Investing involves risk, including loss of capital. Full disclaimer.