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NVDG

GradeBNASDAQ

Themes ETF Trust - Leverage Shares 2X Long NVDA Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2024-12-13 · SEC filings

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.

$20.45−0.57 (−2.73%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Dec 13, 2024.
Intraday session: down, 47 prints from 21.02 to 20.45. Range 20.17 to 21.03. Use the arrow keys to read each point.$20.20$20.60$20.80$21.0010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$42M
1Y return
+20.4%
Yield · Last 12 months
Data unavailable
Holdings
4
Volume · 30D
0.3M sh
NAV per share
$20.79
52W range
low $12.34high $25.34

The ETF.net NVDG Grade

B

64/ 100

Rank 4 of 8 in 2x Long Nvidia (NVDA)⁠

Confidence Low

Six-pillar profile for NVDG. Scores out of 100: Cost 79, Risk 48, Mission not scored, Tradability 57, Holdings not scored, Durability 45. Strongest: Cost (79). Weakest: Durability (45). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 64 of 100 sits in the B 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 79
    Category rank2/8 · top 25%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 48
    Category rank7/8 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 57
    Category rank3/8 · top 38%

  • 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 45
    Category rank6/8 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

NVDG Holdings

As of Sep 21, 2026, 6:59 PM
Asset class
Stocks
Holdings
4
Top-10 weight
210%
Largest holding
NVIDIA SWAP - L - CS116.2%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—NVIDIA SWAP - L - CS116.15%221,516$48M1
002—NVIDIA SWAP - L - MAREX55.84%106,485$23M1
003—NVIDIA SWAP - L - CF27.97%53,350$11M1
004—First American Treasury Obligations Fund 01/01/204010.18%4,169,482$4M147

Showing 1–4 of 4 holdings

NVDG Performance

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

NVDG$12,038
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. NVDG $12,038. SPY $11,723. Use the arrow keys to read each point.$6,582$10,594$14,607Sep 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 NVDG. Periods over one year show the average yearly return.
PeriodNVDG
Year to date+24.7%
1 month+11.1%
3 months+12.5%
1 year+20.4%
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 NVDG
YearReturn barNVDG
2026 YTD+24.7%
2025+32.5%
2024−0.7%

Since listing, Dec 13, 2024

NVDG in the news

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

NVDG 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
$1.99 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $1.99. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 2, 2026$1.99

NVDG 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.
72.9%
Annualised · 20 months to Aug 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.
0.64
vs 3-month T-bills · 20 months to Aug 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.
−66.2%
21 months · trough Apr 2025
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.
3.95
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.

NVDG Cost

Expense ratio0.75%
  • The middle half of 2x Long Nvidia (NVDA) funds
  • Median 1.02%

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

NVDG costs $75.00 a year on $10,000. The median 2x Long Nvidia (NVDA) fund costs $102.00.