{"url":"https://etfiq.com/compare/leverage/nvd-vs-nvdb","section":"compare","title":"NVD vs NVDB: which held to its multiple? | ETFIQ","description":"NVD sets out to return -2 times NVDA each day and NVDB +2 times. Over the three months to Oct 9, 2026 they finished \u22125.4 pts and \u22126.4 pts away.","as_of":"Oct 9, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, NVD or NVDB?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 9, 2026, NVD finished 5.4 points from what its multiple implies and NVDB finished 6.4 points from its own, so NVD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are NVD and NVDB levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on NVIDIA, NVD at -2 times and NVDB at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, NVD or NVDB?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window NVD\u2019s moved at 37% annualized and NVDB\u2019s at 37%, so NVD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold NVD or NVDB for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, NVD or NVDB?","acceptedAnswer":{"@type":"Answer","text":"NVD charges 1.35% a year and NVDB charges 0.95%, so NVDB is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"Head to head","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"NVD vs NVDB","item":"https://etfiq.com/compare/leverage/nvd-vs-nvdb"}]},{"@type":"WebPage","name":"NVD vs NVDB: which held to its multiple?","description":"NVD sets out to return -2 times NVDA each day and NVDB +2 times. Over the three months to Oct 9, 2026 they finished \u22125.4 pts and \u22126.4 pts away.","url":"https://etfiq.com/compare/leverage/nvd-vs-nvdb","dateModified":"2026-10-09","abstract":"Over three months against its own daily promise, NVD finished 1.1 points over and NVDB 3.2 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of NVD and NVDB","description":"NVD sets out to return -2 times NVDA each day and NVDB +2 times. Over the three months to Oct 9, 2026 they finished \u22125.4 pts and \u22126.4 pts away.","dateModified":"2026-10-09","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/nvd-vs-nvdb","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":8001,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / NVD vs NVDB \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 9, 2026 .\n\n NVD vs NVDB: which held to its multiple?\n\n Over three months against its own daily promise, NVD finished 1.1 points over and NVDB 3.2 points short.\n Copy this for sharing \n \n NVDB costs 0.40 points a year less; their one-year returns differ by 59.8 points; NVD is 11.9 times larger.\n NVD and NVDB at a glance. As of Oct 9, 2026. Source: ETFIQ. NVD NVDB \n Expense ratio 1.35% 0.95% \n Net assets, NVD as of Oct 8, 2026 and NVDB as of Oct 9, 2026 $61m $5m \n Total return, 1 year \u2212","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, NVD against NVDB, data as of Oct 9, 2026. https://etfiq.com/compare/leverage/nvd-vs-nvdb","a":{"ticker":"NVD","name":"GraniteShares 2x Short NVDA Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-10-09","verdict":"Three months to Oct 9, 2026: NVD returned \u221223.0% where its own daily promise gave \u221224.1%, 1.1 points over.","url":"https://etfiq.com/funds/nvd","key_facts":[{"label":"What NVDA did","value":"+8.8%","as_of":"2026-10-09","source":null},{"label":"What \u22122 times a day gives","value":"\u221224.1%","as_of":"2026-10-09","source":null},{"label":"What the fund returned","value":"\u221223.0%","as_of":"2026-10-09","source":null},{"label":"The fund itself added","value":"+1.1 pts","as_of":"2026-10-09","source":null},{"label":"Net assets","value":"$61m","as_of":"2026-10-09","source":"issuer page, as of Oct 8, 2026"},{"label":"Expense ratio","value":"1.35%","as_of":"2026-10-09","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"NVDB","name":"ProShares Ultra NVDA","issuer":"ProShares","desk":"leverage","as_of":"2026-10-09","verdict":"Three months to Oct 9, 2026: NVDB returned +11.2% where its own daily promise gave +14.4%, 3.2 points short.","url":"https://etfiq.com/funds/nvdb","key_facts":[{"label":"What NVDA did","value":"+8.8%","as_of":"2026-10-09","source":null},{"label":"What 2 times a day gives","value":"+14.4%","as_of":"2026-10-09","source":null},{"label":"What the fund returned","value":"+11.2%","as_of":"2026-10-09","source":null},{"label":"The fund itself cost","value":"\u22123.2 pts","as_of":"2026-10-09","source":null},{"label":"Net assets","value":"$5m","as_of":"2026-10-09","source":"issuer page, as of Oct 9, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-10-09","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/nvd-vs-nvdb"}