Data as of .
NVDG vs NVDS: which held to its multiple?
Over three months against its own daily promise, NVDG finished 2.6 points short and NVDS 1.5 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 | NVDS | NVDG | NVDS | NVDG | NVDS | |
| 1 month | −6.8% | +1.7% | −5.0% | +3.7% | −1.8 pts | −2.1 pts |
| 3 months | +6.5% | −14.1% | +13.0% | −9.8% | −6.5 pts | −4.3 pts |
| 6 months | +28.8% | −33.4% | +42.8% | −32.1% | −13.9 pts | −1.3 pts |
| 1 year | +18.0% | −39.8% | +47.0% | −35.3% | −29.0 pts | −4.5 pts |
| 3 years | not published | −95.0% | not published | not meaningful | not published | not meaningful |
| Since launch | +50.6% | −99.2% | +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) | NVDS Tradr 1.5X Short NVDA Daily ETF Aims to return 1.5 times the opposite of the daily move of NVIDIA (NVDA) | |
|---|---|---|
| Issuer | Leverage Shares | Tradr |
| Sets out to return | +2x | -1.5x |
| On | NVDA | NVDA |
| Segment | company | company |
| Fund returned, 3 months | +6.5% | −14.1% |
| Underlying returned, 3 months | +6.5% | +6.5% |
| What the stated multiple implies, 3 months | +13.0% | −9.8% |
| Difference from stated, 3 months | −6.5 pts | −4.3 pts |
| Fund returned, 1 year or since launch | +18.0% | −39.8% |
| Difference from stated, over that window | −29.0 pts | −4.5 pts |
| Underlying volatility | 40% | 40% |
| Difference over the days both have traded | −1.8 pts | no shared window |
| Expense ratio | 0.76% | 1.15% |
| Launched | Dec 13, 2024 | Jul 14, 2022 |
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.
NVDS in plain words
Three months to Sep 11, 2026: NVDS returned −14.1% where its own daily promise gave −15.6%, 1.5 points over. Read the multiple against the whole window instead and −1.5 times NVDA's 6.5% implies −9.8%, which makes NVDS look 4.3 points short. 5.9 of that is daily compounding, which happens to any −1.5 times fund over the same path, and the rest is the fund. NVDS aims to return -1.5 times NVDA's move each day, then resets. Over longer, the daily results compound, so the total is not -1.5 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 NVDS?
- Over the window to Sep 11, 2026, NVDG finished 6.5 points from what its multiple implies and NVDS finished 4.3 points from its own, so NVDS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are NVDG and NVDS levered on the same thing?
- Yes. Both are levered on NVIDIA, NVDG at +2 times and NVDS at -1.5 times the daily move.
- Which one decays faster, NVDG or NVDS?
- Decay follows how much the underlying moves about. Over this window NVDG’s moved at 40% annualized and NVDS’s at 40%, so NVDG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold NVDG or NVDS 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 NVDS?
- NVDG charges 0.76% a year and NVDS charges 1.15%, 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 NVDS, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/NVDG-NVDS Free to use with attribution; the underlying files are at Open data.