T-REX 2X Inverse NVIDIA Daily Target 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.
$8.12−0.13 (−1.58%)
- 1.05%
- $15M
- −56.0%
- 0.53%
- 4.9M sh
- $8.06
- low $7.16high $20.57
The ETF.net NVDQ Grade
A
Score 73 out of 100
- 15 of 58
Score 73 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.A86 out of 100Rank 8 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A91 out of 100Rank 20 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D35 out of 100Rank 39 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 14 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.B58 out of 100Rank 19 of 58
Our read on NVDQ
AOne ticker, one bet: NVDQ aims to deliver 200% of the inverse of Nvidia's daily move, so a 1% slip in NVDA targets a 2% gain that day. T-REX built it as a day-trader's tool, and the math resets every session.
The Fund seeks daily investment results, before fees and expenses, equal to 200% of the inverse of NVDA's daily performance. It is designed as a short-term trading vehicle and does not target results beyond a single trading day.
Why people hold it
- Bearish on Nvidia without a margin account or borrowed shares: the fund targets 200% of the inverse of NVDA's one-day move inside a plain brokerage trade.rexshares.com
- At 1.05% a year it sits at the cheaper end of the leveraged single-stock aisle, matching stablemate MSTZ and undercutting the typical inverse peer.
- Day-to-day delivery has stayed close to the stated -2x target, one of the stronger implementations among inverse single-stock funds.
- Running since 2023 and among the more actively traded names in this narrow corner of the market, which matters when the holding period is measured in hours.
Worth knowing
- The leverage resets daily. Hold longer than a session and results can drift well away from -2x, and choppy back-and-forth in NVDA erodes value.
- It cuts both ways: a 1% up day in NVDA targets roughly a 2% loss for the fund that day.
- 1.05% is many times a broad index fund's fee, and the fund's own documents describe it as a short-term trading vehicle, not a long-hold position.rexshares.com
NVDQ Holdings
- Stocks
- 2
- 116%
- Cash and Cash Equivalents
NVDQ 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.Not enough history yet.
NVDQ$4,400
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 | NVDQ |
|---|---|
| Year to date | −50.9% |
| 1 month | −8.4% |
| 3 months | −22.2% |
| 1 year | −56.0% |
| 3 years | — |
| 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 | NVDQ |
|---|---|---|
| 2026 YTD | −50.9% | |
| 2025 | −74.6% | |
| 2024 | −93.8% | |
| 2023 | −37.8% |
NVDQ in the news
NVDQ Dividends
- 0.53%
- $0.04
- $0.04 per share
- Annual
Distribution history
NVDQ 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.
- 58.2%
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.
- −2.69
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.
- −99.6%
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.
- −2.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NVDQ Cost
1.05%
NVDQ1.05%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
7 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
- 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%
- ANVDGraniteShares 2x Short NVDA Daily ETFExpense ratio 1.35%1 year return −54.1%
- BPLTZDaily Target 2X Short PLTR ETFExpense ratio 1.31%1 year return −79.0%
- BNVDSTradr 1.5X Short NVDA Daily ETFExpense ratio 1.45%1 year return −39.7%