Data as of .
NVTC vs NVTX: which held to its multiple?
Over the days both have traded, NVTC finished 0.8 points from its stated multiple and NVTX 1.8.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| NVTC | NVTX | NVTC | NVTX | NVTC | NVTX | |
| 1 month | −33.9% | −34.8% | −33.0% | −33.0% | −0.8 pts | −1.8 pts |
| 3 months | not published | −81.9% | not published | −100.6% | not published | +18.7 pts |
| 6 months | not published | −45.8% | not published | +30.3% | not published | −76.0 pts |
| 1 year | not published | −35.8% | not published | +182.6% | not published | −218.3 pts |
| Since launch | −42.4% | −29.5% | −33.7% | not meaningful | −8.6 pts | not meaningful |
| NVTC Corgi NVTS 2x Daily ETF Aims to return twice the daily move of NVTS | NVTX Tradr 2X Long NVTS Daily ETF Aims to return twice the daily move of NVTS | |
|---|---|---|
| Issuer | Corgi | Tradr |
| Sets out to return | +2x | +2x |
| On | NVTS | NVTS |
| Segment | company | company |
| Fund returned, 3 months | −33.9% | −81.9% |
| Underlying returned, 3 months | −16.5% | −50.3% |
| What the stated multiple implies, 3 months | −33.0% | −100.6% |
| Difference from stated, 3 months | −0.8 pts | +18.7 pts |
| Fund returned, 1 year or since launch | −42.4% | −35.8% |
| Difference from stated, over that window | −8.6 pts | −218.3 pts |
| Underlying volatility | 66% | 95% |
| Difference over the days both have traded | −0.8 pts | −1.8 pts |
| Expense ratio | not published | 2.81% |
| Launched | Jul 7, 2026 | Sep 9, 2025 |
NVTC in plain words
One month to Sep 11, 2026: NVTC returned −33.9% where its own daily promise gave −33.1%, 0.8 points short. Read the multiple against the whole window instead and +2 times NVTS's −16.5% implies −33.0%, which makes NVTC look 0.8 points short. 0.1 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. NVTC aims to return +2 times NVTS'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. NVTS moved at 66% 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.
NVTX in plain words
Three months to Sep 11, 2026: NVTX returned −81.9% where its own daily promise gave −80.7%, 1.1 points short. Read the multiple against the whole window instead and +2 times NVTS's −50.3% implies −100.6%, which makes NVTX look 18.7 points over. 19.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. NVTX aims to return +2 times NVTS's move each day, then resets. NVTS moved at 95% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, NVTC or NVTX?
- Over the window to Sep 11, 2026, NVTC finished 0.8 points from what its multiple implies and NVTX finished 18.7 points from its own, so NVTC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are NVTC and NVTX levered on the same thing?
- Yes. Both are levered on NVTS, NVTC at +2 times and NVTX at +2 times the daily move.
- Which one decays faster, NVTC or NVTX?
- Decay follows how much the underlying moves about. Over this window NVTC’s moved at 66% annualized and NVTX’s at 95%, so NVTX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold NVTC or NVTX 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.
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, NVTC against NVTX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/NVTC-NVTX Free to use with attribution; the underlying files are at Open data.