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NVDB

GradeCNew York Stock Exchange Arca

ProShares - Ultra NVDA

Leveraged · Single-Stock Leveraged · ProShares · Inception 2025-09-08

This 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.

$33.32−1.27 (−3.67%)

As of Sep 23, 2026, 2:18 PM EDT

History starts Sep 10, 2025.
Intraday session: down, 11 prints from 34.59 to 33.32. Range 33.17 to 34.34. Use the arrow keys to read each point.$33.50$33.75$34.00$34.2510 AM12 PM2 PM4 PM
Expense ratio
1.08%
Fund size
$7M
1Y return
+19.6%
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$32.64
52W range
low $20.47high $40.80

The ETF.net NVDB Grade

C

40/ 100

Rank 7 of 8 in 2x Long Nvidia (NVDA)⁠

Confidence Medium

Six-pillar profile for NVDB. Scores out of 100: Cost 23, Risk 48, Mission 83, Tradability 33, Holdings not scored, Durability 40. Strongest: Mission (83). Weakest: Cost (23). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned47This cap took−7Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 23
    Category rank7/8 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 83
    Category rank4/6 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank6/8 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 33
    Category rank7/8 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 40
    Category rank7/8 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 20, 2026, 6:50 AM
Asset class
Stocks
Holdings
—
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%6,527,668$7M162

Showing 1–1 of 1 holdings

NVDB Performance

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

NVDB$11,959
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. NVDB $11,959. SPY $11,723. Use the arrow keys to read each point.$6,511$10,523$14,534Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+24.3%
1 month+11.2%
3 months+12.5%
1 year+19.6%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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+24.3%
2025+2.2%

History from Sep 10, 2025

NVDB in the news

ETF.net Research hasn’t filed on NVDB yet — coverage lands here as it’s written.

NVDB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.15 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. 3 payments from 2025 to 2026 YTD. Dec 24, 2025 $0.15; Mar 25, 2026 $0.15; Jun 24, 2026 $0.15. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
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.
—
No data available
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.
—
No data available
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%
12 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.
3.00
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 $102.00.