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Launched

ProShares - Ultra NVDA

NVDBNYSE ArcaCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$33.55+0.25 (+0.75%)

As of Oct 13, 2026, 3:59 PM

C45/ 100

Rank 6 of 8 in 2x Long Nvidia (NVDA)

C45/100Rank 6 of 8in2x Long Nvidia (NVDA)
Intraday session: up, 24 prints from 33.30 to 33.55. Range 32.41 to 33.60. Use the arrow keys to read each point.32.5032.7533.0010 AM12 PM2 PM4 PM
Expense ratio
1.08%
Fund size
$5M
1Y total return
+18.0%
Yield · Last 12 months
Data unavailable
Holdings
1
Avg volume · 30D
0M sh
NAV per share
$33.23
52W range
low $20.47high $40.80
Launched

The ETF.net NVDB Grade

Based on 5 of 6 pillars

C

Score 45 out of 100

Category
2x Long Nvidia (NVDA)⁠
Rank
6 of 8
Six-pillar profile for NVDB. Scores out of 100: Cost 23, Risk 38, Mission 82, Tradability 40, Holdings not scored, Durability 40. Strongest: Mission (82). Weakest: Cost (23). Based on 5 of 6 pillars.

Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F23 out of 100
    Rank 7 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A82 out of 100
    Rank 4 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D38 out of 100
    Rank 8 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 7 of 8

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C40 out of 100
    Rank 7 of 8

Our read on NVDB

ETF.net Research

CThe 2x NVDA trade, ProShares edition: twice NVIDIA's daily move, reset every night. It arrived in 2025 as the newcomer in an aisle where rivals already had a head start.

Stated mandate

The Fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of NVIDIA Corporation common stock.

Why people hold it

  1. 01One job, stated plainly: twice NVIDIA's daily move before fees. No basket, no options overlay, no income wrapper blurring what you own.
  2. 02A registered 1940 Act fund, not a note: daily NAV, a board and standard ETF disclosure sit behind a very concentrated bet.proshares.com
  3. 03At 1.08%, the fee lands within a few basis points of what the typical 2x NVDA fund charges.

Worth knowing

  1. 01Cheaper doors to the same daily 2x NVDA exposure exist: NVDU charges 0.92%, NVDL 1.05%.
  2. 02It trades lighter than the longer-running 2x NVDA funds, so spreads and limit orders matter more on fast days.
  3. 03The daily reset compounds. Hold past one day and the result follows NVIDIA's path, not just its endpoints, and choppy stretches wear it down.

NVDB Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
1
Top-10 weight
100%
Largest holding
Net Other Assets (Liabilities)100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Net Other Assets (Liabilities)100.00%4,984,857$5M163

Showing 1–1 of 1 holdings

NVDB Performance

Launched Sep 8, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
NVDB$11,801
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. NVDB $11,801. SPY $12,044. Use the arrow keys to read each point.$6,704$10,185$13,666Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for NVDB. Periods over one year show the average yearly return.
PeriodNVDB
Year to date+20.6%
1 month+6.2%
3 months+8.4%
1 year+18.0%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NVDB
YearReturn barNVDB
2026 YTD+20.6%
2025+2.2%

History from Sep 10, 2025

NVDB in the news

Filtered to NVDB · 2x Long Nvidia (NVDA)

NVDB Dividends

Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 24, 2025 $0.15; Mar 25, 2026 $0.15; Jun 24, 2026 $0.15; Sep 23, 2026 $0.25. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.25
Jun 24, 2026Jun 30, 2026$0.15
Mar 25, 2026Mar 31, 2026$0.15
Dec 24, 2025Dec 31, 2025$0.15

NVDB Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
54.5%
Annualised · 12 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.45
vs 3-month T-bills · 12 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−42.9%
13 months · trough Mar 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.92
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

NVDB Cost

Expense ratio1.08%
  • The middle half of 2x Long Nvidia (NVDA) funds
  • Median 1.02%

6 of the 8 2x Long Nvidia (NVDA) funds charge less.

NVDB costs $108.00 a year on $10,000. The median 2x Long Nvidia (NVDA) fund costs $102.50.

Other funds in 2x Long Nvidia (NVDA)

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