Data as of .
NVC vs NVDU: which held to its multiple?
Over the days both have traded, NVC finished 1.5 points from its stated multiple and NVDU 2.1.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| NVC | NVDU | NVC | NVDU | NVC | NVDU | |
| 1 month | −6.5% | −7.1% | −5.0% | −5.0% | −1.5 pts | −2.1 pts |
| 3 months | not published | +6.4% | not published | +13.0% | not published | −6.7 pts |
| 6 months | not published | +29.6% | not published | +42.8% | not published | −13.1 pts |
| 1 year | not published | +19.3% | not published | +47.0% | not published | −27.8 pts |
| Since launch | +14.2% | +563.3% | +18.4% | not meaningful | −4.2 pts | not meaningful |
| NVC Corgi NVDA 2x Daily ETF Aims to return twice the daily move of NVIDIA (NVDA) | NVDU Direxion Daily NVDA Bull 2X ETF Aims to return twice the daily move of NVIDIA (NVDA) | |
|---|---|---|
| Issuer | Corgi | Direxion |
| Sets out to return | +2x | +2x |
| On | NVDA | NVDA |
| Segment | company | company |
| Fund returned, 3 months | −6.5% | +6.4% |
| Underlying returned, 3 months | −2.5% | +6.5% |
| What the stated multiple implies, 3 months | −5.0% | +13.0% |
| Difference from stated, 3 months | −1.5 pts | −6.7 pts |
| Fund returned, 1 year or since launch | +14.2% | +19.3% |
| Difference from stated, over that window | −4.2 pts | −27.8 pts |
| Underlying volatility | 42% | 40% |
| Difference over the days both have traded | −1.5 pts | −2.1 pts |
| Expense ratio | 0.45% | 0.92% |
| Launched | Jun 30, 2026 | Sep 13, 2023 |
NVC in plain words
One month to Sep 11, 2026: NVC returned −6.5% where its own daily promise gave −6.2%, 0.3 points short. Read the multiple against the whole window instead and +2 times NVDA's −2.5% implies −5.0%, which makes NVC look 1.5 points short. 1.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. NVC aims to return +2 times NVDA's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. NVDA moved at 42% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
NVDU in plain words
Three months to Sep 11, 2026: NVDU returned +6.4% where its own daily promise gave +9.1%, 2.7 points short. Read the multiple against the whole window instead and +2 times NVDA's 6.5% implies +13.0%, which makes NVDU look 6.7 points short. 3.9 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. NVDU aims to return +2 times NVDA's move each day, then resets. NVDA moved at 40% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, NVC or NVDU?
- Over the window to Sep 11, 2026, NVC finished 1.5 points from what its multiple implies and NVDU finished 6.7 points from its own, so NVC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are NVC and NVDU levered on the same thing?
- Yes. Both are levered on NVIDIA, NVC at +2 times and NVDU at +2 times the daily move.
- Which one decays faster, NVC or NVDU?
- Decay follows how much the underlying moves about. Over this window NVC’s moved at 42% annualized and NVDU’s at 40%, so NVC has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold NVC or NVDU for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, NVC or NVDU?
- NVC charges 0.45% a year and NVDU charges 0.92%, so NVC is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, NVC against NVDU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/NVC-NVDU Free to use with attribution; the underlying files are at Open data.