# NVDB (ProShares Ultra NVDA)

ProShares · Leveraged ETFs · data as of Oct 9, 2026

Three months to Oct 9, 2026: NVDB returned +11.2% where its own daily promise gave +14.4%, 3.2 points short.

## Key facts

- NVDB, what NVDA did: +8.8%, as of Oct 9, 2026.
- NVDB, what 2 times a day gives: +14.4%, as of Oct 9, 2026.
- NVDB, what the fund returned: +11.2%, as of Oct 9, 2026.
- NVDB, the fund itself cost: −3.2 pts, as of Oct 9, 2026.
- NVDB, net assets: $5m (issuer page, as of Oct 9, 2026).
- NVDB, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## NVDB over each window to Oct 9, 2026

| Window | Fund | NVDA | +2x the move | Difference | NVDA moved about, annualized |
| --- | --- | --- | --- | --- | --- |
| 1 month | +3.5% | +2.6% | +5.3% | −1.7 pts | 25% |
| 3 months | +11.2% | +8.8% | +17.6% | −6.4 pts | 37% |
| 6 months | +29.7% | +21.8% | +43.7% | −13.9 pts | 39% |
| 1 year | +9.0% | +19.4% | +38.7% | −29.7 pts | 38% |
| Since launch | +26.3% | +29.6% | +59.2% | −32.9 pts | 37% |

## 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 | +1.27 times, against +2 stated | ETFIQ |
| Underlying | NVDA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $5m | issuer page, as of Oct 9, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| First traded | Sep 10, 2025 | ETFIQ |
| Underlying volatility over the window | 37% annualized | ETFIQ |

## Money in and out, to Oct 9, 2026

| Window | Dates | Net flow |
| --- | --- | --- |
| 1 day | Oct 9, 2026 | −$345k |

Daily counts start Oct 8, 2026, so these windows have no daily figure: 1 week, 1 month, 3 months, Year to date, 1 year.

Computed by ETFIQ from the change in shares outstanding times the previous day’s NAV. Every day and month: https://etfiq.com/data/flows/funds/nvdb.json. Method: https://etfiq.com/methodology/flows

## Questions

### Did NVDB return +2 times NVDA?

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.

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

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.

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

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.


## Cite this page

ETFIQ, NVDB, leveraged ETFs, data as of Oct 9, 2026. https://etfiq.com/funds/nvdb
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/nvdb  ·  JSON: https://etfiq.com/funds/nvdb.json