Skip to content
etf.net

Launched

Tradr 1.5X Short NVDA Daily ETF

NVDSNasdaqTradrBThis 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.

$21.04+0.43 (+2.07%)

At close: Nov 2, 2026, 4:00 PM ET

B68/ 100

Rank 15 of 58 in Single-Stock Inverse

B68/100Rank 15 of 58inSingle-Stock Inverse
Intraday session: up, 79 prints from 20.61 to 21.04. Range 19.93 to 21.08. Use the arrow keys to read each point.20.0020.2520.7510 AM12 PM2 PM4 PM
Expense ratio
1.15%*
Fund size
$12M
1Y total return
−18.5%
Yield · Last 12 months
19.29%
Holdings
2
Avg volume · 30D
274K sh
52W range
low $16.07high $36.70
Launched

*After a fee waiver that ends Jul 31, 2027. Without it: 1.56%.

The ETF.net NVDS Grade

Based on 5 of 6 pillars

B

Score 68 out of 100

Category
Single-Stock Inverse⁠
Rank
15 of 58
Six-pillar profile for NVDS. Scores out of 100: Cost 61, Risk 53, Mission 99, Tradability 53, Holdings not scored, Durability 55. Strongest: Mission (99). Weakest: Tradability (53). Based on 5 of 6 pillars.

Score 68 of 100 falls in the B 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.
    B61 out of 100
    Rank 23 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A99 out of 100
    Rank 3 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C53 out of 100
    Rank 20 of 54

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C53 out of 100
    Rank 22 of 58

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B55 out of 100
    Rank 21 of 58

Our read on NVDS

ETF.net Research

In short

BThe original inverse NVIDIA ETF, trading since 2022, and the one that dials short exposure to 1.5x instead of 1x. Built for a single session at a time, at 1.15% net of a waiver through July 31, 2027.

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

  • The first-mover: listed July 2022, over a year before Direxion's bear NVDA fund (NVDD) arrived in September 2023. Longest live history in inverse-NVDA land.direxion.com
  • 1.5x short, not 1x. Each dollar carries one and a half dollars of inverse NVDA exposure, versus the 1x of NVDD, so less capital is tied up for the same short notional.direxion.com
  • 1.15% net of a waiver through July 31, 2027, below the median fee in the leveraged-bear single-stock group.
  • Day-to-day delivery of the stated -1.5x objective has been tight, and the fund sits in the upper half of its bear single-stock peer group.

Worth knowing

  • The objective resets every day. Hold past one session and NVDA's path, not just its direction, drives the outcome; compounding can pull results away from -1.5x.
  • Leverage cuts both ways: an up day in NVDA lands one and a half times as hard. One stock, one chip cycle, no diversification to soften it.
  • A small fund that trades moderately rather than heavily, so spreads deserve a look. Gross fee is 1.56% if the waiver lapses after July 31, 2027.

NVDS Holdings

Asset class
Stocks
Holdings
2
Top-10 weight
119%
Largest holding
Cashusd111.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataCashusd111.33%14,864,395$14.9M53
2No dataTrs NVIDIA Corp7.45%14,353,035$994K1

Showing 1–2 of 2 holdings

NVDS Performance

Launched Jul 13, 2022

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.
NVDS$8,151
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NVDS $8,151. SPY $11,199. Use the arrow keys to read each point.$8,000$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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−26.4%
1 month+16.4%
3 months−7.0%
1 year−18.5%
3 yearsper year−63.5%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−26.4%
2025−57.9%
2024−79.9%
2023−83.1%
2022−15.2%

History from Jul 14, 2022

NVDS in the news

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 Oct 30, 2026.
19.29%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

$10,000 in NVDS 3 years ago paid $1,402 in dividends.

NVDS Risk

Risk pillarC53 out of 100Rank 20 of 54 in Single-Stock Inverse

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.
44.2%
Annualised · 36 months to Oct 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.
−2.05
vs 3-month T-bills · to Oct 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.
−99.5%
51 months · trough Oct 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.
−2.23
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.

FMP measures it over up to five years of monthly returns.

NVDS Cost

Compare NVDS and SKHZ

Overpaying vs SKHZ, cheapest in Single-Stock Inverse

$6,595

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NVDS 1.15%

    $21,077

  • SKHZ 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • NVDS 1.15%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530NVDS $21,077SKHZ $14,482

Year by year

YearNVDSSKHZOverpaying
10$2,015$1,336$679
20$7,521$5,078$2,443
30$21,077$14,482$6,595
How the 1.15% is worked out

Full fee 1.56%− waiver 0.41%= you pay 1.15%

The waiver ends Jul 31, 2027. After that the fee is 1.56% unless Tradr renews it. Source: prospectus, Aug 2026.

Other funds in Single-Stock Inverse

See others