Direxion Daily NVDA Bear 1X ETF
AThis 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.
$28.76−0.27 (−0.93%)
- 1.01%
- $16M
- −24.2%
- 4.69%
- 0.2M sh
- $28.68
- low $27.01high $42.78
The ETF.net NVDD Grade
A
Score 75 out of 100
- 12 of 58
Score 75 of 100 falls in the A 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.A89 out of 100Rank 7 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A89 out of 100Rank 22 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 16 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C49 out of 100Rank 27 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 8 of 58
Our read on NVDD
AA straight one-for-one short on NVIDIA that resets every trading day: no 2x amplifier, no margin account, no hunting for borrowable shares. It also undercuts the other inverse-NVDA ETF on fees.
The fund seeks daily investment results, before fees and expenses, equal to 100% of the inverse performance of NVIDIA Corporation common shares.
Why people hold it
- 1.01% a year, cheaper than the typical inverse single-stock fund and a full step below NVDS, the other ETF aimed at inverse NVDA.
- The mandate is -1x, not -2x. Daily compounding still shapes results, but single-strength inverse drifts less than the double-short bears beside it, like MSTZ and TSDD.
- Hits its stated daily target about as tightly as anything in the inverse single-stock group, with a live track record since its 2023 launch.
- It trades like any other ETF ticker rather than a short sale, so there is no margin-call machinery and no exposure beyond what you put in.
Worth knowing
- The -1x applies to one day at a time. Hold through a choppy stretch and the result can diverge meaningfully from the inverse of NVDA's move over that stretch.
- One stock, one story. Earnings night, a supply headline, a rival's chip: NVIDIA news drives the entire position, with nothing else to cushion it.
- A small fund with moderate trading activity, so spreads and execution costs can stack on top of the 1.01% fee.
NVDD Holdings
- Other
- 5
- 6137%
- Nvda Swap Asset Leg (Nvdabcs)
NVDD Performance
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.
NVDD$7,580
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.
| Period | NVDD |
|---|---|
| Year to date | −21.9% |
| 1 month | −3.6% |
| 3 months | −8.6% |
| 1 year | −24.2% |
| 3 years | −49.7% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NVDD |
|---|---|---|
| 2026 YTD | −21.9% | |
| 2025 | −40.0% | |
| 2024 | −70.7% | |
| 2023 | −9.8% |
NVDD in the news
NVDD Dividends
- 4.69%
- $1.36
- $0.49 per share
- Quarterly
Distribution history
NVDD 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.
- 31.9%
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.
- −2.15
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.
- −89.6%
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.
- −1.65
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NVDD Cost
1.01%
NVDD1.01%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
6 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
- ATSLZT-REX 2X Inverse Tesla Daily Target ETFExpense ratio 1.05%1 year return −31.8%
- AMSTZT-REX 2X Inverse MSTR Daily Target ETFExpense ratio 1.05%1 year return −52.2%
- AORCSDirexion Daily ORCL Bear 1X ETFExpense ratio 0.99%1 year return —
- AMETDDirexion Daily META Bear 1X ETFExpense ratio 1.19%1 year return −15.3%
- ANVDQT-REX 2X Inverse NVIDIA Daily Target ETFExpense ratio 1.05%1 year return −56.0%