Data as of .
NVDG vs NVDQ: which held to its multiple?
Over three months against its own daily promise, NVDG finished 2.6 points short and NVDQ 0.1 points over.
ETFIQ Decay Resistance Score: NVDG scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| NVDG | NVDQ | NVDG | NVDQ | NVDG | NVDQ | |
| 1 month | −6.8% | +0.6% | −5.0% | +5.0% | −1.8 pts | −4.4 pts |
| 3 months | +6.5% | −21.8% | +13.0% | −13.0% | −6.5 pts | −8.8 pts |
| 6 months | +28.8% | −46.3% | +42.8% | −42.8% | −13.9 pts | −3.5 pts |
| 1 year | +18.0% | −57.0% | +47.0% | −47.0% | −29.0 pts | −10.0 pts |
| Since launch | +50.6% | −99.4% | +126.0% | not meaningful | −75.4 pts | not meaningful |
| NVDG Leverage Shares 2X Long NVDA Daily ETF Aims to return twice the daily move of NVIDIA (NVDA) | NVDQ T-REX 2X INVERSE NVIDIA DAILY TARGET ETF Aims to return twice the opposite of the daily move of NVIDIA (NVDA) | |
|---|---|---|
| Issuer | Leverage Shares | T-REX |
| Sets out to return | +2x | -2x |
| On | NVDA | NVDA |
| Segment | company | company |
| Fund returned, 3 months | +6.5% | −21.8% |
| Underlying returned, 3 months | +6.5% | +6.5% |
| What the stated multiple implies, 3 months | +13.0% | −13.0% |
| Difference from stated, 3 months | −6.5 pts | −8.8 pts |
| Fund returned, 1 year or since launch | +18.0% | −57.0% |
| Difference from stated, over that window | −29.0 pts | −10.0 pts |
| Underlying volatility | 40% | 40% |
| Difference over the days both have traded | −1.8 pts | −8.8 pts |
| Expense ratio | 0.76% | 1.05% |
| Launched | Dec 13, 2024 | Oct 19, 2023 |
NVDG in plain words
Three months to Sep 11, 2026: NVDG returned +6.5% where its own daily promise gave +9.1%, 2.6 points short. Read the multiple against the whole window instead and +2 times NVDA's 6.5% implies +13.0%, which makes NVDG look 6.5 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. NVDG 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 40% 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.
NVDQ in plain words
Three months to Sep 11, 2026: NVDQ returned −21.8% where its own daily promise gave −21.9%, 0.1 points over. Read the multiple against the whole window instead and −2 times NVDA's 6.5% implies −13.0%, which makes NVDQ look 8.8 points short. 8.9 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. NVDQ aims to return -2 times NVDA's move each day, then resets. 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.
Questions people ask
- Which came closer to its stated multiple, NVDG or NVDQ?
- Over the window to Sep 11, 2026, NVDG finished 6.5 points from what its multiple implies and NVDQ finished 8.8 points from its own, so NVDG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are NVDG and NVDQ levered on the same thing?
- Yes. Both are levered on NVIDIA, NVDG at +2 times and NVDQ at -2 times the daily move.
- Which one decays faster, NVDG or NVDQ?
- Decay follows how much the underlying moves about. Over this window NVDG’s moved at 40% annualized and NVDQ’s at 40%, so NVDG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold NVDG or NVDQ 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, NVDG or NVDQ?
- NVDG charges 0.76% a year and NVDQ charges 1.05%, so NVDG 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, NVDG against NVDQ, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/NVDG-NVDQ Free to use with attribution; the underlying files are at Open data.