Direxion Daily NVDA Bear 1X ETF
$29.09+0.40 (+1.39%)
- Expense ratio
- 1.01%
- Fund size
- $20M
- 1Y return
- −26.7%
- Yield · Last 12 months
- 3.17%
- Holdings
- 10
- Volume · 30D
- 0.2M sh
- NAV per share
- $30.42
- 52W range
The ETF.net NVDD Grade
Score 75 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 89Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 88Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 56Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 46Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 74Category rank
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
- 10
- 2235%
- DREYFUS GOVT CASH MAN INS
NVDD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | NVDD |
|---|---|
| Year to date | −24.1% |
| 1 month | −8.7% |
| 3 months | −12.2% |
| 1 year | −26.7% |
| 3 years | −52.1% |
| 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 | −24.1% | |
| 2025 | −40.0% | |
| 2024 | −70.7% | |
| 2023 | −9.8% |
NVDD in the news
ETF.net Research hasn’t filed on NVDD yet — coverage lands here as it’s written.
NVDD Dividends
- 3.17%
- $0.91
- $0.28 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2026 | Jun 30, 2026 | $0.28 |
| Mar 24, 2026 | Mar 31, 2026 | $0.26 |
| Dec 23, 2025 | Dec 31, 2025 | $0.34 |
| Sep 23, 2025 | Sep 30, 2025 | $0.04 |
| Jun 24, 2025 | Jul 1, 2025 | $0.04 |
| Mar 25, 2025 | Apr 1, 2025 | $0.05 |
| Dec 23, 2024 | Dec 31, 2024 | $0.08 |
| Sep 24, 2024 | Oct 1, 2024 | $0.07 |
| Jun 25, 2024 | Jul 2, 2024 | $0.05 |
| Mar 19, 2024 | Mar 26, 2024 | $0.12 |
| Dec 21, 2023 | Dec 29, 2023 | $0.26 |
| Dec 8, 2023 | Dec 14, 2023 | $0.03 |
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.
- 32.3%
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.
- −2.14
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.
- −89.3%
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.
- −1.66
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
- The middle half of Single-Stock Inverse funds
- Median 1.35%
6 of the 43 Single-Stock Inverse funds charge less.