# NVDX (T-REX 2X LONG NVIDIA DAILY TARGET ETF)

T-REX · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: NVDX returned +5.2% where its own daily promise gave +9.1%, 3.9 points short.

## Key facts

- NVDX, what NVDA did: +6.5%, as of Sep 11, 2026.
- NVDX, what +2 times a day gives: +9.1%, as of Sep 11, 2026.
- NVDX, what the fund returned: +5.2%, as of Sep 11, 2026.
- NVDX, the fund itself cost: −3.9 pts, as of Sep 11, 2026.
- NVDX, net assets: $458m (source, as filed for Jun 30, 2026).
- NVDX, expense ratio: 1.05% (485BPOS XBRL, Oct 28, 2025).

## NVDX over each window to Sep 11, 2026

| Window | Fund | NVDA | +2x the move | Difference | NVDA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −7.3% | −2.5% | −5.0% | −2.4 pts | 42% |
| 3 months | +5.2% | +6.5% | +13.0% | −7.8 pts | 40% |
| 6 months | +26.1% | +21.4% | +42.8% | −16.6 pts | 40% |
| 1 year | +12.7% | +23.5% | +47.0% | −34.3 pts | 38% |
| Since launch | +802.1% | +420.0% | 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 | +0.8 times, against +2 stated | ETFIQ |
| Underlying | NVDA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $458m | source, as filed for Jun 30, 2026 |
| Expense ratio | 1.05% | 485BPOS XBRL, Oct 28, 2025 |
| Launched | Oct 19, 2023 | ETFIQ |
| Underlying volatility over the window | 40% annualized | ETFIQ |

## Questions

### Did NVDX return +2 times NVDA?

Over the window to Sep 11, 2026, NVDA moved +6.5% and NVDX returned +5.2%. 2 times that move is +13.0%, so the fund came out 7.8 points short of it.

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

Because it resets daily. NVDX 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, NVDX, data as of Sep 11, 2026. https://etfiq.com/funds/NVDX
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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