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Launched

Tradr 1.5X Short NVDA Daily ETF

NVDSNasdaqBThis 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.

$17.67−0.23 (−1.28%)

At close: Oct 13, 2026, 4:00 PM

B64/ 100

Rank 19 of 58 in Single-Stock Inverse

B64/100Rank 19 of 58inSingle-Stock Inverse
Intraday session: down, 79 prints from 17.90 to 17.67. Range 17.67 to 18.28. Use the arrow keys to read each point.17.8018.0018.1018.2018.3010 AM12 PM2 PM4 PM
Expense ratio
1.45%
Fund size
$11M
1Y total return
−39.7%
Yield · Last 12 months
22.21%
Holdings
2
Avg volume · 30D
0.3M sh
NAV per share
$17.91
52W range
low $16.07high $36.70
Launched

The ETF.net NVDS Grade

Based on 5 of 6 pillars

B

Score 64 out of 100

Category
Single-Stock Inverse⁠
Rank
19 of 58
Six-pillar profile for NVDS. Scores out of 100: Cost 50, Risk 50, Mission 99, Tradability 54, Holdings not scored, Durability 57. Strongest: Mission (99). Weakest: Risk (50). Based on 5 of 6 pillars.

Score 64 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.
    C50 out of 100
    Rank 29 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A99 out of 100
    Rank 2 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C50 out of 100
    Rank 21 of 52

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C54 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.
    B57 out of 100
    Rank 21 of 58

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 Oct 13, 2026
Asset class
Stocks
Holdings
2
Top-10 weight
133%
Largest holding
Cashusd131.9%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cashusd131.92%14,453,508$14M51
002—Trs NVIDIA Corp1.05%9,206,428$115K1

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$6,025
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. NVDS $6,025. SPY $12,044. Use the arrow keys to read each point.$5,034$8,807$12,579Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

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.

Trailing total return for NVDS. Periods over one year show the average yearly return.
PeriodNVDS
Year to date−36.1%
1 month−5.7%
3 months−14.5%
1 year−39.7%
3 yearsper year−63.2%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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−36.1%
2025−57.9%
2024−79.9%
2023−83.1%
2022−15.2%

History from Jul 14, 2022

NVDS in the news

Filtered to NVDS · Single-Stock Inverse

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 12, 2026.
22.21%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.
42.8%
Annualised · 36 months to Sep 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.
−2.19
vs 3-month T-bills · to Sep 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%
50 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.

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.

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