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

T-REX · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: NVDX returned +24.6% where its own daily promise gave +29.2%, 4.6 points short.

## Key facts

- NVDX, what NVDA did: +15.7%, as of Sep 30, 2026.
- NVDX, what 2 times a day gives: +29.2%, as of Sep 30, 2026.
- NVDX, what the fund returned: +24.6%, as of Sep 30, 2026.
- NVDX, the fund itself cost: −4.6 pts, as of Sep 30, 2026.
- NVDX, net assets: $479m (issuer page, as of Sep 29, 2026).
- NVDX, expense ratio: 1.05% (485BPOS XBRL, Oct 28, 2025).

## NVDX over each window to Sep 30, 2026

| Window | Fund | NVDA | +2x the move | Difference | NVDA moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +5.8% | +3.6% | +7.1% | −1.3 pts | 26% |
| 3 months | +24.6% | +15.7% | +31.4% | −6.8 pts | 38% |
| 6 months | +46.1% | +30.2% | +60.5% | −14.4 pts | 39% |
| 1 year | +11.7% | +22.7% | +45.4% | −33.7 pts | 38% |
| Since launch | +877.3% | +444.1% | 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 | +1.56 times, against +2 stated | ETFIQ |
| Underlying | NVDA | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $479m | issuer page, as of Sep 29, 2026 |
| Expense ratio | 1.05% | 485BPOS XBRL, Oct 28, 2025 |
| Launched | Oct 19, 2023 | ETFIQ |
| Underlying volatility over the window | 38% annualized | ETFIQ |

## Questions

### Did NVDX return +2 times NVDA?

Over the window to Sep 30, 2026, NVDA moved +15.7% and NVDX returned +24.6%. 2 times that move is +31.4%, so the fund came out 6.8 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 figure itself.


## Cite this page

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

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