{
 "ticker": "NVDB",
 "name": "ProShares Ultra NVDA",
 "issuer": "ProShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/nvdb",
 "html": "https://etfiq.com/funds/nvdb",
 "markdown": "https://etfiq.com/funds/nvdb.md",
 "as_of": "2026-10-09",
 "verdict": "Three months to Oct 9, 2026: NVDB returned +11.2% where its own daily promise gave +14.4%, 3.2 points short.",
 "key_facts": [
  {
   "key": "what_nvda_did",
   "label": "What NVDA did",
   "value": "+8.8%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "NVDB, what NVDA did: +8.8%, as of Oct 9, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+14.4%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "NVDB, what 2 times a day gives: +14.4%, as of Oct 9, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+11.2%",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "NVDB, what the fund returned: +11.2%, as of Oct 9, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22123.2 pts",
   "source": null,
   "as_of": "2026-10-09",
   "sentence": "NVDB, the fund itself cost: \u22123.2 pts, as of Oct 9, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "issuer page, as of Oct 9, 2026",
   "as_of": "2026-10-09",
   "sentence": "NVDB, net assets: $5m (issuer page, as of Oct 9, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 25, 2026",
   "as_of": "2026-10-09",
   "sentence": "NVDB, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of NVDA, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.27 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "NVDA",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "single stock, company",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$5m",
   "source": "issuer page, as of Oct 9, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 25, 2026"
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Sep 10, 2025",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "37% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+3.5%",
   "NVDA": "+2.6%",
   "+2x the move": "+5.3%",
   "Difference": "\u22121.7 pts",
   "NVDA moved about, annualized": "25%"
  },
  {
   "window": "3 months",
   "Fund": "+11.2%",
   "NVDA": "+8.8%",
   "+2x the move": "+17.6%",
   "Difference": "\u22126.4 pts",
   "NVDA moved about, annualized": "37%"
  },
  {
   "window": "6 months",
   "Fund": "+29.7%",
   "NVDA": "+21.8%",
   "+2x the move": "+43.7%",
   "Difference": "\u221213.9 pts",
   "NVDA moved about, annualized": "39%"
  },
  {
   "window": "1 year",
   "Fund": "+9.0%",
   "NVDA": "+19.4%",
   "+2x the move": "+38.7%",
   "Difference": "\u221229.7 pts",
   "NVDA moved about, annualized": "38%"
  },
  {
   "window": "Since launch",
   "Fund": "+26.3%",
   "NVDA": "+29.6%",
   "+2x the move": "+59.2%",
   "Difference": "\u221232.9 pts",
   "NVDA moved about, annualized": "37%"
  }
 ],
 "questions": [
  {
   "q": "Did NVDB return +2 times NVDA?",
   "a": "Over the three months to Oct 9, 2026, NVDA moved +8.8% and NVDB returned +11.2%. 2 times that move is +17.6%, so the fund came out 6.4 points short of it. Against its own daily promise, 2 times each day's move compounded, it was 3.2 points short."
  },
  {
   "q": "Why does NVDB not return +2 times over a year?",
   "a": "Because it resets daily. NVDB 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."
  },
  {
   "q": "Which +2x NVDA ETF tracked its stated multiple most closely?",
   "a": "6 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 figure itself."
  }
 ],
 "flows": {
  "as_of": "2026-10-09",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/nvdb.json",
  "windows": [
   {
    "window": "1 day",
    "from": "2026-10-09",
    "to": "2026-10-09",
    "net_flow_usd": -345278,
    "net_flow": "\u2212$345k",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   }
  ],
  "daily_counts_start": "2026-10-08",
  "windows_without_daily_figure": [
   "1 week",
   "1 month",
   "3 months",
   "Year to date",
   "1 year"
  ]
 },
 "generated": "2026-10-10",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, NVDB, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/nvdb"
}