{"url":"https://etfiq.com/compare/leverage/nvdl-vs-nvdx","section":"compare","title":"NVDL vs NVDX: which held to its multiple? | ETFIQ","description":"NVDL sets out to return +2 times NVDA each day and NVDX +2 times. Over the three months to Sep 30, 2026 they finished \u22125.5 pts and \u22126.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, NVDL or NVDX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, NVDL finished 5.5 points from what its multiple implies and NVDX finished 6.8 points from its own, so NVDL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are NVDL and NVDX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on NVIDIA, NVDL at +2 times and NVDX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, NVDL or NVDX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window NVDL\u2019s moved at 38% annualized and NVDX\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 NVDX 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 NVDX?","acceptedAnswer":{"@type":"Answer","text":"NVDL charges 1.05% a year and NVDX charges 1.05%, 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 NVDX","item":"https://etfiq.com/compare/leverage/nvdl-vs-nvdx"}]},{"@type":"WebPage","name":"NVDL vs NVDX: which held to its multiple?","description":"NVDL sets out to return +2 times NVDA each day and NVDX +2 times. Over the three months to Sep 30, 2026 they finished \u22125.5 pts and \u22126.8 pts away.","url":"https://etfiq.com/compare/leverage/nvdl-vs-nvdx","dateModified":"2026-09-30","abstract":"Over the days both have traded, NVDL finished 5.5 points from its stated multiple and NVDX 6.8.","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 NVDX","description":"NVDL sets out to return +2 times NVDA each day and NVDX +2 times. Over the three months to Sep 30, 2026 they finished \u22125.5 pts and \u22126.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/nvdl-vs-nvdx","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":6670,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / NVDL vs NVDX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n NVDL vs NVDX: which held to its multiple?\n\n Over the days both have traded, NVDL finished 5.5 points from its stated multiple and NVDX 6.8.\n Copy this for sharing \n \n GraniteShares 2x Long NVDA Daily ETF and T-REX 2X LONG NVIDIA DAILY TARGET ETF.\n\n Download as PDF \n\n +26.0% NVDL returned, 3 months \n +24.6% NVDX returned, 3 months \n \u22125.5 pts NVDL from its stated multiple \n \u22126.8 pts NVDX from its stated multiple \n\n ETFIQ Decay Resistance Score: NVDL scores higher\n Did it k","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-nvdx","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":"NVDX","name":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: NVDX returned +24.6% where its own daily promise gave +29.2%, 4.6 points short.","url":"https://etfiq.com/funds/nvdx","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":"+24.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$479m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"1.05%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 28, 2025"}]},"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-nvdx"}