# NVDU (Direxion Daily NVDA Bull 2X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: NVDU returned +26.3% where its own daily promise gave +29.2%, 2.9 points short.

## Key facts

- NVDU, what NVDA did: +15.7%, as of Sep 30, 2026.
- NVDU, what 2 times a day gives: +29.2%, as of Sep 30, 2026.
- NVDU, what the fund returned: +26.3%, as of Sep 30, 2026.
- NVDU, the fund itself cost: −2.9 pts, as of Sep 30, 2026.
- NVDU, net assets: $532m (issuer page, as of Sep 30, 2026).
- NVDU, expense ratio: 0.92% (485BPOS XBRL, Feb 26, 2026).

## NVDU over each window to Sep 30, 2026

| Window | Fund | NVDA | +2x the move | Difference | NVDA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +5.7% | +3.6% | +7.1% | −1.4 pts | 26% |
| 3 months | +26.3% | +15.7% | +31.4% | −5.2 pts | 38% |
| 6 months | +50.1% | +30.2% | +60.5% | −10.3 pts | 39% |
| 1 year | +17.9% | +22.7% | +45.4% | −27.5 pts | 38% |
| 3 years | +674.6% | +426.6% | not meaningful over this window | not meaningful over this window | 47% |
| Since launch | +621.0% | +403.6% | 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 | +1.67 times, against +2 stated | ETFIQ |
| Underlying | NVDA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $532m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.92% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Sep 13, 2023 | ETFIQ |
| Underlying volatility over the window | 38% annualized | ETFIQ |

## Questions

### Did NVDU return +2 times NVDA?

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.

### 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 figure itself.


## Cite this page

ETFIQ, NVDU, data as of Sep 30, 2026. https://etfiq.com/funds/nvdu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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