# NVDU (Direxion Daily NVDA Bull 2X ETF)

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

Three months to Sep 11, 2026: NVDU returned +6.4% where its own daily promise gave +9.1%, 2.7 points short.

## Key facts

- NVDU, what NVDA did: +6.5%, as of Sep 11, 2026.
- NVDU, what +2 times a day gives: +9.1%, as of Sep 11, 2026.
- NVDU, what the fund returned: +6.4%, as of Sep 11, 2026.
- NVDU, the fund itself cost: −2.7 pts, as of Sep 11, 2026.
- NVDU, net assets: $547m (source, as filed for Apr 30, 2026).
- NVDU, expense ratio: 0.92% (485BPOS XBRL, Feb 26, 2026).

## NVDU over each window to Sep 11, 2026

| Window | Fund | NVDA | +2x the move | Difference | NVDA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −7.1% | −2.5% | −5.0% | −2.1 pts | 42% |
| 3 months | +6.4% | +6.5% | +13.0% | −6.7 pts | 40% |
| 6 months | +29.6% | +21.4% | +42.8% | −13.1 pts | 40% |
| 1 year | +19.3% | +23.5% | +47.0% | −27.8 pts | 38% |
| Since launch | +563.3% | +381.4% | not meaningful over this window | not meaningful over this window | 47% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of NVDA, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +0.98 times, against +2 stated | ETFIQ |
| Underlying | NVDA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $547m | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.92% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Sep 13, 2023 | ETFIQ |
| Underlying volatility over the window | 40% annualized | ETFIQ |

## Questions

### Did NVDU return +2 times NVDA?

Over the window to Sep 11, 2026, NVDA moved +6.5% and NVDU returned +6.4%. 2 times that move is +13.0%, so the fund came out 6.7 points short of it.

### Why does NVDU not return +2 times over a year?

Because it resets daily. NVDU aims at +2 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 +2 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.

### Which +2x NVDA ETF tracked its stated multiple most closely?

5 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

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

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