Data as of .
NVDU vs NVDX: which held to its multiple?
Over the days both have traded, NVDU finished 2.1 points from its stated multiple and NVDX 2.4.
ETFIQ Decay Resistance Score: NVDU 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 | |||
|---|---|---|---|---|---|---|
| NVDU | NVDX | NVDU | NVDX | NVDU | NVDX | |
| 1 month | −7.1% | −7.3% | −5.0% | −5.0% | −2.1 pts | −2.4 pts |
| 3 months | +6.4% | +5.2% | +13.0% | +13.0% | −6.7 pts | −7.8 pts |
| 6 months | +29.6% | +26.1% | +42.8% | +42.8% | −13.1 pts | −16.6 pts |
| 1 year | +19.3% | +12.7% | +47.0% | +47.0% | −27.8 pts | −34.3 pts |
| Since launch | +563.3% | +802.1% | not meaningful | not meaningful | not meaningful | not meaningful |
| NVDU Direxion Daily NVDA Bull 2X ETF Aims to return twice the daily move of NVIDIA (NVDA) | NVDX T-REX 2X LONG NVIDIA DAILY TARGET ETF Aims to return twice the daily move of NVIDIA (NVDA) | |
|---|---|---|
| Issuer | Direxion | T-REX |
| Sets out to return | +2x | +2x |
| On | NVDA | NVDA |
| Segment | company | company |
| Fund returned, 3 months | +6.4% | +5.2% |
| Underlying returned, 3 months | +6.5% | +6.5% |
| What the stated multiple implies, 3 months | +13.0% | +13.0% |
| Difference from stated, 3 months | −6.7 pts | −7.8 pts |
| Fund returned, 1 year or since launch | +19.3% | +12.7% |
| Difference from stated, over that window | −27.8 pts | −34.3 pts |
| Underlying volatility | 40% | 40% |
| Difference over the days both have traded | −2.1 pts | −2.4 pts |
| Expense ratio | 0.92% | 1.05% |
| Launched | Sep 13, 2023 | Oct 19, 2023 |
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. 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.
NVDX in plain words
Three months to Sep 11, 2026: NVDX returned +5.2% where its own daily promise gave +9.1%, 3.9 points short. Read the multiple against the whole window instead and +2 times NVDA's 6.5% implies +13.0%, which makes NVDX look 7.8 points short. NVDX aims to return +2 times NVDA's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, NVDU or NVDX?
- Over the window to Sep 11, 2026, NVDU finished 6.7 points from what its multiple implies and NVDX finished 7.8 points from its own, so NVDU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are NVDU and NVDX levered on the same thing?
- Yes. Both are levered on NVIDIA, NVDU at +2 times and NVDX at +2 times the daily move.
- Which one decays faster, NVDU or NVDX?
- Decay follows how much the underlying moves about. Over this window NVDU’s moved at 40% annualized and NVDX’s at 40%, so NVDU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold NVDU or NVDX 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, NVDU or NVDX?
- NVDU charges 0.92% a year and NVDX charges 1.05%, so NVDU 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, NVDU against NVDX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/NVDU-NVDX Free to use with attribution; the underlying files are at Open data.