# NVDS (Tradr 1.5X Short NVDA Daily ETF)

Tradr · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: NVDS returned −14.1% where its own daily promise gave −15.6%, 1.5 points over.

## Key facts

- NVDS, what NVDA did: +6.5%, as of Sep 11, 2026.
- NVDS, what −1.5 times a day gives: −15.6%, as of Sep 11, 2026.
- NVDS, what the fund returned: −14.1%, as of Sep 11, 2026.
- NVDS, the fund itself added: +1.5 pts, as of Sep 11, 2026.
- NVDS, net assets: $18m (source, as filed for Jun 30, 2026).
- NVDS, expense ratio: 1.15% (485BPOS XBRL, Jul 23, 2026).

## NVDS over each window to Sep 11, 2026

| Window | Fund | NVDA | -1.5x the move | Difference | NVDA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +1.7% | −2.5% | +3.7% | −2.1 pts | 42% |
| 3 months | −14.1% | +6.5% | −9.8% | −4.3 pts | 40% |
| 6 months | −33.4% | +21.4% | −32.1% | −1.3 pts | 40% |
| 1 year | −39.8% | +23.5% | −35.3% | −4.5 pts | 38% |
| 3 years | −95.0% | +387.9% | not meaningful over this window | not meaningful over this window | 47% |
| Since launch | −99.2% | +1325.5% | not meaningful over this window | not meaningful over this window | 50% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -1.5 times the daily move of NVDA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | -2.16 times, against -1.5 stated | ETFIQ |
| Underlying | NVDA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $18m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.15% | 485BPOS XBRL, Jul 23, 2026 |
| Launched | Jul 14, 2022 | ETFIQ |
| Underlying volatility over the window | 40% annualized | ETFIQ |

## Questions

### Did NVDS return -1.5 times NVDA?

Over the window to Sep 11, 2026, NVDA moved +6.5% and NVDS returned −14.1%. 1.5 times that move is −9.8%, so the fund came out 4.3 points short of it.

### Why does NVDS not return -1.5 times over a year?

Because it resets daily. NVDS aims at -1.5 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -1.5 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, NVDS, data as of Sep 11, 2026. https://etfiq.com/funds/NVDS
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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