Which came closer to its stated multiple, NVDG or NVDS?

Over the window to Sep 30, 2026, NVDG finished 5.4 points from what its multiple implies and NVDS finished 0.1 points from its own, so NVDS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are NVDG and NVDS levered on the same thing?

Yes. Both are levered on NVIDIA, NVDG at +2 times and NVDS at -1.5 times the daily move.

Which one decays faster, NVDG or NVDS?

Decay follows how much the underlying moves about. Over this window NVDG’s moved at 38% annualized and NVDS’s at 38%, so NVDG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold NVDG or NVDS 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 NVDS?

NVDG charges 0.76% a year and NVDS charges 1.15%, so NVDG is cheaper. Fees come from each fund's prospectus.

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NVDG vs NVDS: which held to its multiple?

Over three months against its own daily promise, NVDG finished 3.1 points short and NVDS 1.4 points over. Leverage Shares 2X Long NVDA Daily ETF and Tradr 1.5X Short NVDA Daily ETF.

+26.1%

NVDG returned, 3 months

−23.7%

NVDS returned, 3 months

−5.4 pts

NVDG from its stated multiple

−0.1 pts

NVDS from its stated multiple

NVDG · 3 months to Sep 30, 20265.4 pts short of its stated multiple

NVDG returned +26.1% while 2 times NVDA's move would have been +31.4%

NVDS · 3 months to Sep 30, 2026On its stated multiple

NVDS returned −23.7% while −1.5 times NVDA's move would have been −23.6%

ETFIQ Decay Resistance Score · NVDS scores higherDid it keep up with its own daily multiple, compounded day by day?

NVDG among the 470 leveraged ETFs, long, over three months

NVDG 37.4

0.1, the lowest in this set99.9, the highest

NVDS among the 125 inverse ETFs over three months

NVDS 39.2

0.4, the lowest in this set99.6, the highest

A percentile among the 470 leveraged ETFs, long, over three months. NVDS is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. 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

	Total return		Multiple would give		Difference
Window	NVDG	NVDS	NVDG	NVDS	NVDG	NVDS
1 month	+5.8%	−5.3%	+7.1%	−5.3%	−1.3 pts	0.0 pts
3 months	+26.1%	−23.7%	+31.4%	−23.6%	−5.4 pts	−0.1 pts
6 months	+49.1%	−39.5%	+60.5%	−45.4%	−11.4 pts	+5.9 pts
1 year	+16.9%	−39.0%	+45.4%	−34.0%	−28.5 pts	−4.9 pts
3 years	not published	−95.5%	not published	not meaningful	not published	not meaningful
Since launch NVDG Dec 2024 · NVDS Jul 2022	+63.6%	−99.2%	+141.1%	not meaningful	−77.5 pts	not meaningful

NVDG and NVDS over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

NVDG

Leverage Shares 2X Long NVDA Daily ETF · Aims to return twice the daily move of NVIDIA (NVDA)

NVDS

Tradr 1.5X Short NVDA Daily ETF · Aims to return 1.5 times the opposite of the daily move of NVIDIA (NVDA)

Issuer Leverage Shares Tradr

Sets out to return +2x -1.5x

Underlying asset NVDA NVDA

Segment company company

Fund returned, 3 months or since launch +26.1% −23.7%

Underlying returned, over that window +15.7% +15.7%

What the stated multiple implies, over that window +31.4% −23.6%

Difference from stated, over that window −5.4 pts −0.1 pts

Fund returned, 1 year or since launch +16.9% −39.0%

Difference from stated, over that window −28.5 pts −4.9 pts

Underlying volatility 38% 38%

Difference over the days both have traded −5.4 pts no shared window

Expense ratio 0.76% 1.15%

Launched Dec 13, 2024 Jul 14, 2022

Net assets $42m $11m

NVDG and NVDS on the same fields, as of Sep 30, 2026. Source: ETFIQ.

NVDG in plain words

Three months to Sep 30, 2026: NVDG returned +26.1% where its own daily promise gave +29.2%, 3.1 points short. Read the multiple against the whole window instead and 2 times NVDA's 15.7% implies +31.4%, which makes NVDG look 5.4 points short. 2.2 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 38% 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.

NVDS in plain words

Three months to Sep 30, 2026: NVDS returned −23.7% where its own daily promise gave −25.1%, 1.4 points over. Read the multiple against the whole window instead and −1.5 times NVDA's 15.7% implies −23.6%, which makes NVDS look 0.1 points short. 1.5 of that is daily compounding, which happens to any −1.5 times fund over the same path, and the rest is the fund. NVDS aims to return -1.5 times NVDA's move each day, then resets. Over longer, the daily results compound, so the total is not -1.5 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.

Questions people ask

Which came closer to its stated multiple, NVDG or NVDS?: Over the window to Sep 30, 2026, NVDG finished 5.4 points from what its multiple implies and NVDS finished 0.1 points from its own, so NVDS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are NVDG and NVDS levered on the same thing?: Yes. Both are levered on NVIDIA, NVDG at +2 times and NVDS at -1.5 times the daily move.
Which one decays faster, NVDG or NVDS?: Decay follows how much the underlying moves about. Over this window NVDG’s moved at 38% annualized and NVDS’s at 38%, so NVDG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold NVDG or NVDS 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 NVDS?: NVDG charges 0.76% a year and NVDS charges 1.15%, so NVDG is cheaper. Fees come from each fund's prospectus.

Other comparisons

NVDG vs NVDL NVDG vs NVDQ NVDG vs NVD NVDG vs NVDU NVDS vs NVDU NVDS vs NVDX NVDS vs NVC NVDS vs NVD

NVDG on its own →NVDS on its own →How every figure is computed →Standards and sources →

Where these figures came from

NVDG filings on SEC EDGAR ↗NVDG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗NVDS filings on SEC EDGAR ↗NVDS prospectus with the expense ratio (SEC) ↗Tradr website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, NVDG against NVDS, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/nvdg-vs-nvds

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.