{"url":"https://etfiq.com/compare/leverage/nvdl-vs-nvds","section":"compare","title":"NVDL vs NVDS: which held to its multiple? | ETFIQ","description":"NVDL sets out to return +2 times NVDA each day and NVDS -1.5 times. Over the three months to Sep 30, 2026 they finished \u22125.5 pts and \u22120.1 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, NVDL or NVDS?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, NVDL finished 5.5 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."}},{"@type":"Question","name":"Are NVDL and NVDS levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on NVIDIA, NVDL at +2 times and NVDS at -1.5 times the daily move."}},{"@type":"Question","name":"Which one decays faster, NVDL or NVDS?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window NVDL\u2019s moved at 38% annualized and NVDS\u2019s at 38%, so NVDL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold NVDL or NVDS 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, NVDL or NVDS?","acceptedAnswer":{"@type":"Answer","text":"NVDL charges 1.05% a year and NVDS charges 1.15%, so NVDL 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":"NVDL vs NVDS","item":"https://etfiq.com/compare/leverage/nvdl-vs-nvds"}]},{"@type":"WebPage","name":"NVDL vs NVDS: which held to its multiple?","description":"NVDL sets out to return +2 times NVDA each day and NVDS -1.5 times. Over the three months to Sep 30, 2026 they finished \u22125.5 pts and \u22120.1 pts away.","url":"https://etfiq.com/compare/leverage/nvdl-vs-nvds","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, NVDL finished 3.2 points short and NVDS 1.4 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of NVDL and NVDS","description":"NVDL sets out to return +2 times NVDA each day and NVDS -1.5 times. Over the three months to Sep 30, 2026 they finished \u22125.5 pts and \u22120.1 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/nvdl-vs-nvds","license":"https://etfiq.com/standards/","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":7209,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / NVDL vs NVDS \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n NVDL vs NVDS: which held to its multiple?\n\n Over three months against its own daily promise, NVDL finished 3.2 points short and NVDS 1.4 points over.\n Copy this for sharing \n \n GraniteShares 2x Long NVDA Daily ETF and Tradr 1.5X Short NVDA Daily ETF.\n\n Download as PDF \n\n +26.0% NVDL returned, 3 months \n \u221223.7% NVDS returned, 3 months \n \u22125.5 pts NVDL from its stated multiple \n \u22120.1 pts NVDS from its stated multiple \n\n ETFIQ Decay Resistance Score: NVDS scores higher\n Did ","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/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/nvdl-vs-nvds","a":{"ticker":"NVDL","name":"GraniteShares 2x Long NVDA Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: NVDL returned +26.0% where its own daily promise gave +29.2%, 3.2 points short.","url":"https://etfiq.com/funds/nvdl","key_facts":[{"label":"What NVDA did","value":"+15.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+29.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+26.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$3.8bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.05%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"NVDS","name":"Tradr 1.5X Short NVDA Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: NVDS returned \u221223.7% where its own daily promise gave \u221225.1%, 1.4 points over.","url":"https://etfiq.com/funds/nvds","key_facts":[{"label":"What NVDA did","value":"+15.7%","as_of":"2026-09-30","source":null},{"label":"What \u22121.5 times a day gives","value":"\u221225.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221223.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$11m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.15%","as_of":"2026-09-30","source":"485BPOS XBRL, Jul 23, 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/nvdl-vs-nvds"}