{
 "ticker": "NVDU",
 "name": "Direxion Daily NVDA Bull 2X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/nvdu",
 "html": "https://etfiq.com/funds/nvdu",
 "markdown": "https://etfiq.com/funds/nvdu.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: NVDU returned +26.3% where its own daily promise gave +29.2%, 2.9 points short.",
 "key_facts": [
  {
   "key": "what_nvda_did",
   "label": "What NVDA did",
   "value": "+15.7%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "NVDU, what NVDA did: +15.7%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "+29.2%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "NVDU, what 2 times a day gives: +29.2%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+26.3%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "NVDU, what the fund returned: +26.3%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.9 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "NVDU, the fund itself cost: \u22122.9 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$532m",
   "source": "issuer page, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "NVDU, net assets: $532m (issuer page, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.92%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-30",
   "sentence": "NVDU, expense ratio: 0.92% (485BPOS XBRL, Feb 26, 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": "+1.67 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": "$532m",
   "source": "issuer page, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.92%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Sep 13, 2023",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "38% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+5.7%",
   "NVDA": "+3.6%",
   "+2x the move": "+7.1%",
   "Difference": "\u22121.4 pts",
   "NVDA moved about": "26%"
  },
  {
   "window": "3 months",
   "Fund": "+26.3%",
   "NVDA": "+15.7%",
   "+2x the move": "+31.4%",
   "Difference": "\u22125.2 pts",
   "NVDA moved about": "38%"
  },
  {
   "window": "6 months",
   "Fund": "+50.1%",
   "NVDA": "+30.2%",
   "+2x the move": "+60.5%",
   "Difference": "\u221210.3 pts",
   "NVDA moved about": "39%"
  },
  {
   "window": "1 year",
   "Fund": "+17.9%",
   "NVDA": "+22.7%",
   "+2x the move": "+45.4%",
   "Difference": "\u221227.5 pts",
   "NVDA moved about": "38%"
  },
  {
   "window": "3 years",
   "Fund": "+674.6%",
   "NVDA": "+426.6%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "NVDA moved about": "47%"
  },
  {
   "window": "Since launch",
   "Fund": "+621.0%",
   "NVDA": "+403.6%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "NVDA moved about": "47%"
  }
 ],
 "questions": [
  {
   "q": "Did NVDU return +2 times NVDA?",
   "a": "Over the window to Sep 30, 2026, NVDA moved +15.7% and NVDU returned +26.3%. 2 times that move is +31.4%, so the fund came out 5.2 points short of it."
  },
  {
   "q": "Why does NVDU not return +2 times over a year?",
   "a": "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."
  },
  {
   "q": "Which +2x NVDA ETF tracked its stated multiple most closely?",
   "a": "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 figure itself."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}