Data as of .
NVDG vs NVDU: which held to its multiple?
Over the days both have traded, NVDG finished 1.8 points from its stated multiple and NVDU 2.1.
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 | NVDU | NVDG | NVDU | NVDG | NVDU | |
| 1 month | −6.8% | −7.1% | −5.0% | −5.0% | −1.8 pts | −2.1 pts |
| 3 months | +6.5% | +6.4% | +13.0% | +13.0% | −6.5 pts | −6.7 pts |
| 6 months | +28.8% | +29.6% | +42.8% | +42.8% | −13.9 pts | −13.1 pts |
| 1 year | +18.0% | +19.3% | +47.0% | +47.0% | −29.0 pts | −27.8 pts |
| Since launch | +50.6% | +563.3% | +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) | NVDU Direxion Daily NVDA Bull 2X ETF Aims to return twice the daily move of NVIDIA (NVDA) | |
|---|---|---|
| Issuer | Leverage Shares | 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 | +6.5% | +6.5% |
| What the stated multiple implies, 3 months | +13.0% | +13.0% |
| Difference from stated, 3 months | −6.5 pts | −6.7 pts |
| Fund returned, 1 year or since launch | +18.0% | +19.3% |
| Difference from stated, over that window | −29.0 pts | −27.8 pts |
| Underlying volatility | 40% | 40% |
| Difference over the days both have traded | −1.8 pts | −2.1 pts |
| Expense ratio | 0.76% | 0.92% |
| Launched | Dec 13, 2024 | Sep 13, 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.
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. NVDU aims to return +2 times NVDA's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, NVDG or NVDU?
- Over the window to Sep 11, 2026, NVDG finished 6.5 points from what its multiple implies and NVDU finished 6.7 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 NVDU levered on the same thing?
- Yes. Both are levered on NVIDIA, NVDG at +2 times and NVDU at +2 times the daily move.
- Which one decays faster, NVDG or NVDU?
- Decay follows how much the underlying moves about. Over this window NVDG’s moved at 40% annualized and NVDU’s at 40%, so NVDG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold NVDG 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, NVDG or NVDU?
- NVDG charges 0.76% a year and NVDU charges 0.92%, 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 NVDU, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/NVDG-NVDU Free to use with attribution; the underlying files are at Open data.