{"url":"https://etfiq.com/compare/leverage/nvoc-vs-nvox","section":"compare","title":"NVOC vs NVOX: which held to its multiple? | ETFIQ","description":"NVOC sets out to return +2 times NVO each day and NVOX +2 times. Over the month to Sep 30, 2026 they finished +1.1 pts and +0.7 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, NVOC or NVOX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, NVOC finished 1.1 points from what its multiple implies and NVOX finished 0.9 points from its own, so NVOX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are NVOC and NVOX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Novo Nordisk A/S, NVOC at +2 times and NVOX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, NVOC or NVOX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window NVOC\u2019s moved at 38% annualized and NVOX\u2019s at 38%, so NVOC has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold NVOC or NVOX 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, NVOC or NVOX?","acceptedAnswer":{"@type":"Answer","text":"NVOC charges 0.45% a year and NVOX charges 1.31%, so NVOC 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":"NVOC vs NVOX","item":"https://etfiq.com/compare/leverage/nvoc-vs-nvox"}]},{"@type":"WebPage","name":"NVOC vs NVOX: which held to its multiple?","description":"NVOC sets out to return +2 times NVO each day and NVOX +2 times. Over the month to Sep 30, 2026 they finished +1.1 pts and +0.7 pts away.","url":"https://etfiq.com/compare/leverage/nvoc-vs-nvox","dateModified":"2026-09-30","abstract":"Over the days both have traded, NVOC finished 1.1 points from its stated multiple and NVOX 0.7.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of NVOC and NVOX","description":"NVOC sets out to return +2 times NVO each day and NVOX +2 times. Over the month to Sep 30, 2026 they finished +1.1 pts and +0.7 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/nvoc-vs-nvox","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":6157,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / NVOC vs NVOX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n NVOC vs NVOX: which held to its multiple?\n\n Over the days both have traded, NVOC finished 1.1 points from its stated multiple and NVOX 0.7.\n Copy this for sharing \n \n Corgi NVO 2x Daily ETF and Defiance Daily Target 2X Long NVO ETF.\n\n Download as PDF \n\n \u221242.7% NVOC returned, since launch \n \u221243.5% NVOX returned, 3 months \n +0.8 pts NVOC from its stated multiple \n \u22120.9 pts NVOX from its stated multiple \n\n NVOC 1.1 pts ahead of its stated multiple \u00b7 1 month to Sep 30, 2026 ","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/nvoc-vs-nvox","a":{"ticker":"NVOC","name":"Corgi NVO 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: NVOC returned \u221231.6% where its own daily promise gave \u221231.1%, 0.6 points short.","url":"https://etfiq.com/funds/nvoc","key_facts":[{"label":"What NVO did","value":"\u221216.4%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221231.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221231.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$213,115","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"b":{"ticker":"NVOX","name":"Defiance Daily Target 2X Long NVO ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: NVOX returned \u221243.5% where its own daily promise gave \u221240.5%, 3.0 points short.","url":"https://etfiq.com/funds/nvox","key_facts":[{"label":"What NVO did","value":"\u221221.3%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221240.5%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221243.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$37m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.31%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 24, 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/nvoc-vs-nvox"}