NVC vs NVDB: which held to its multiple?
Over the days both have traded, NVC finished 5.5 points from its stated multiple and NVDB 6.4. Corgi NVDA 2x Daily ETF and ProShares Ultra NVDA.
NVC costs 0.50 points a year less; NVDB is 10.6 times larger.
| NVC | NVDB | |
|---|---|---|
| Expense ratio | 0.45% | 0.95% |
| Net assets | $480,942 | $5m |
| Total return, 1 year | not published | +9.0% |
| What it tracks | NVDA | NVDA |
| Holdings in common | not published | |
| What its daily multiple gave, 3 months | +14.4% | +14.4% |
| Against its daily multiple, 3 months | 2.3 points short | 3.2 points short |
| What the underlying did, 3 months | NVDA 8.8% | NVDA 8.8% |
NVC returned +12.1% while 2 times NVDA's move would have been +17.6%. Figures from Jul 10, 2026 to Oct 9, 2026.
NVC returned +12.1% while 2 times NVDA's move would have been +17.6%. Figures from Jul 10, 2026 to Oct 9, 2026.
NVDB returned +11.2% while 2 times NVDA's move would have been +17.6%. Figures from Jul 10, 2026 to Oct 9, 2026.
Figures from Jul 10, 2026 to Oct 9, 2026.
A percentile among the 517 leveraged ETFs, long, over three months. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | NVC | NVDB | NVC | NVDB | NVC | NVDB |
| 1 month | +4.1% | +3.5% | +5.3% | +5.3% | −1.2 pts | −1.7 pts |
| 3 months | +12.1% | +11.2% | +17.6% | +17.6% | −5.5 pts | −6.4 pts |
| 6 months | not published | +29.7% | not published | +43.7% | not published | −13.9 pts |
| 1 year | not published | +9.0% | not published | +38.7% | not published | −29.7 pts |
| Since launch NVC Jun 2026 · NVDB Sep 2025 | +24.3% | +26.3% | +29.4% | +59.2% | −5.2 pts | −32.9 pts |
Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
As of Oct 9, 2026. Source: ETFIQ.
NVC in plain words
Three months to Oct 9, 2026: NVC returned +12.1% where its own daily promise gave +14.4%, 2.3 points short. Read the multiple against the whole window instead and 2 times NVDA's 8.8% implies +17.6%, which makes NVC look 5.5 points short. That 5.5 is two pieces: daily compounding, −3.2 points, which happens to any 2 times fund over the same path, and the fund itself, −2.3 points against its own daily promise. NVC 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 37% 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.
NVDB in plain words
Three months to Oct 9, 2026: NVDB returned +11.2% where its own daily promise gave +14.4%, 3.2 points short. Read the multiple against the whole window instead and 2 times NVDA's 8.8% implies +17.6%, which makes NVDB look 6.4 points short. That 6.4 is two pieces: daily compounding, −3.2 points, which happens to any 2 times fund over the same path, and the fund itself, −3.2 points against its own daily promise. NVDB aims to return +2 times NVDA's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, NVC or NVDB?
- Over the window to Oct 9, 2026, NVC finished 5.5 points from what its multiple implies and NVDB finished 6.4 points from its own, so NVC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are NVC and NVDB levered on the same thing?
- Yes. Both are levered on NVIDIA, NVC at +2 times and NVDB at +2 times the daily move.
- Which one decays faster, NVC or NVDB?
- Decay follows how much the underlying moves about. Over this window NVC’s moved at 37% annualized and NVDB’s at 37%, so NVC has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold NVC or NVDB 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.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
It is a position in a set, not a rating, and neither end of it is a recommendation.
Every figure is an ETFIQ calculation with distributions reinvested.
ETFIQ, NVC against NVDB, data as of Oct 9, 2026. https://etfiq.com/compare/leverage/nvc-vs-nvdb
ETFIQ. (Oct 9, 2026). NVC against NVDB. Retrieved from https://etfiq.com/compare/leverage/nvc-vs-nvdb
[NVC against NVDB (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/leverage/nvc-vs-nvdb)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.