Skip to content
etf.net

NVDS

GradeBNASDAQ Global Market

Tradr 1.5X Short NVDA Daily ETF

Leveraged · Single-Stock Leveraged · Tradr · Inception 2022-07-13

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.

$18.01+0.39 (+2.23%)

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

History starts Jul 14, 2022.
Intraday session: up, 59 prints from 17.62 to 18.01. Range 17.64 to 18.17. Use the arrow keys to read each point.$17.60$17.80$18.2010 AM12 PM2 PM4 PM
Expense ratio
1.45%
Fund size
$12M
1Y return
−40.8%
Yield · Last 12 months
22.56%
Volume · 30D
0.3M sh
NAV per share
$17.62
52W range
low $17.02high $37.14

The ETF.net NVDS Grade

B

64/ 100

Rank 18 of 58 in Single-Stock Inverse⁠

Confidence High

Six-pillar profile for NVDS. Scores out of 100: Cost 50, Risk 50, Mission 99, Tradability 56, Holdings not scored, Durability 57. Strongest: Mission (99). Weakest: Risk (50). Based on 5 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.
    CScore 50
    Category rank30/58 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 99
    Category rank2/31 · top 6%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 50
    Category rank23/48 · top 48%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 56
    Category rank21/58 · top 36%

  • 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.
    BScore 57
    Category rank21/58 · top 36%

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

Our read on NVDS

ETF.net Research

BInverse NVDA trades usually come in round numbers: 1x or 2x. NVDS runs the odd gear, aiming for 1.5 times the inverse of NVIDIA's move over a single trading day, then resetting the clock. Trading since 2022.

Stated mandate

The fund seeks daily investment results equal to one and a half times the inverse performance of NVIDIA common shares. It is designed to pursue this objective for a single trading day.

Why people hold it

  1. 01The mandate fits on one line: 1.5x the inverse of NVIDIA's move, for one trading day. One reference stock, no basket, no overlay, no guesswork about what you own.tradretfs.com
  2. 02Day to day it has tracked that 1.5x inverse target closely, which is the entire job description of a daily-reset fund.
  3. 03It is a registered 1940 Act ETF, so bearish NVDA exposure arrives as an ordinary brokerage ticket: no margin account, no borrowing shares, no locate.tradretfs.com
  4. 04Live since July 2022, giving it a multi-year operating history across some violent swings in NVIDIA's share price.

Worth knowing

  1. 01At 1.45% a year, the fee sits above the typical charge among inverse single-stock funds, and NVDD aims at the same short-NVDA trade for less.
  2. 02The reset is daily, so the math restarts each close. Hold through a choppy stretch and the result can drift well away from 1.5x the inverse of NVIDIA's move over that span.
  3. 03It is a smaller, moderately traded fund rather than a category heavyweight, so spreads and fill quality can be less friendly, especially in fast markets.

NVDS Holdings

As of Sep 20, 2026, 6:39 AM
Asset class
Stocks
Holdings
—
Top-10 weight
127%
Largest holding
CASHUSD126.4%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—CASHUSD126.36%15,046,803$15M49
002—TRS NVIDIA CORP0.91%8,775,230$108K1

Showing 1–2 of 2 holdings

NVDS Performance

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

NVDS$5,920
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. NVDS $5,920. SPY $11,723. Use the arrow keys to read each point.$5,421$8,826$12,231Sep 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 NVDS. Periods over one year show the average yearly return.
PeriodNVDS
Year to date−37.1%
1 month−11.5%
3 months−18.0%
1 year−40.8%
3 years−65.1%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 NVDS
YearReturn barNVDS
2026 YTD−37.1%
2025−57.9%
2024−79.9%
2023−83.1%
2022−15.2%

History from Jul 14, 2022

NVDS in the news

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

NVDS 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.
22.56%Last 12 months
Payout per share
$3.97Last 12 months
Last payment
$3.97 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2022–2026

One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 27, 2022 $169.43; Dec 26, 2023 $64.08; Dec 23, 2024 $10.76; Dec 23, 2025 $3.97. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 26, 2025$3.97
Dec 23, 2024Dec 27, 2024$10.76
Dec 26, 2023Dec 29, 2023$64.08
Dec 27, 2022Dec 29, 2022$169.43

NVDS 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.
45.1%
Annualised · 36 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.
−1.92
vs 3-month T-bills · 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.
−99.4%
50 months · trough Sep 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.
−2.37
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.

NVDS Cost

Expense ratio1.45%
  • The middle half of Single-Stock Inverse funds
  • Median 1.35%

24 of the 43 Single-Stock Inverse funds charge less.

NVDS costs $145.00 a year on $10,000. The median Single-Stock Inverse fund costs $135.00.