Skip to content
etf.net

Launched · SEC filings

Direxion Daily NVDA Bull 2X ETF

NVDUNasdaqDirexionBThis 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.

$89.12−20.70 (−18.85%)

At close: Nov 5, 2026, 4:00 PM ET

B66/ 100

Rank 1 of 8 in 2x Long Nvidia (NVDA)

B66/100Rank 1 of 8in2x Long Nvidia (NVDA)
Intraday session: down, 79 prints from 109.82 to 89.12. Range 89.12 to 104.00. Use the arrow keys to read each point.95.00100.00105.0010 AM12 PM2 PM4 PM
Expense ratio
0.92%
Fund size
$389M
1Y total return
−32.5%
Yield · Last 12 months
7.94%
Holdings
11
Avg volume · 30D
298K sh
52W range
low $86.02high $172.89
Launched
Filings
SEC EDGAR

The ETF.net NVDU Grade

Based on 5 of 6 pillars

B

Score 66 out of 100

Category
2x Long Nvidia (NVDA)⁠
Rank
1 of 8
Six-pillar profile for NVDU. Scores out of 100: Cost 68, Risk 54, Mission 77, Tradability 56, Holdings not scored, Durability 74. Strongest: Mission (77). Weakest: Risk (54). Based on 5 of 6 pillars.

Score 66 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.
    B68 out of 100
    Rank 3 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A77 out of 100
    Rank 5 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C54 out of 100
    Rank 4 of 8

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B56 out of 100
    Rank 4 of 8

  • 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.
    A74 out of 100
    Rank 2 of 8

Our read on NVDU

ETF.net Research

In short

BNVDU aims for 200% of NVIDIA's daily move at 0.92% a year, below the usual toll in its corner of the market. The catch sits in the name: it resets every day, so a week's return is its own math, not twice NVDA's week.

Stated mandate

NVDU seeks daily investment results, before fees and expenses, equal to 200% of the performance of NVIDIA Corporation common shares. It is designed for daily leveraged exposure rather than to track the stock over longer periods.

Why people hold it

  • 0.92% a year, the lightest fee among the 2x NVDA bull funds in its peer set. NVDL and NVDB both sit above 1%.
  • Hits what it advertises: day-to-day tracking of the 200% target ranks among the stronger implementations in the NVDA leverage group.
  • Runs in the standard 1940 Act ETF wrapper, from a lineup Direxion has built around daily leveraged exposure, and trades steadily enough for routine entries and exits.

Worth knowing

  • Daily reset. Hold past one session and returns compound off each close, so choppy stretches can land far from twice NVDA's move over that stretch.
  • One stock, doubled. NVIDIA's down days arrive twice as hard, with no diversification to cushion them.
  • Direxion built it for daily leveraged exposure rather than longer-term tracking, which puts the monitoring work on the holder.

NVDU Performance

Launched Sep 13, 2023

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.
NVDU$6,753
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. NVDU $6,753. SPY $10,934. Use the arrow keys to read each point.$8,000$10,000$12,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 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 NVDU. Periods over one year show the average yearly return.
PeriodNVDU
Year to date−23.1%
1 month−44.1%
3 months−35.7%
1 year−32.5%
3 yearsper year+65.9%
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 NVDU
YearReturn barNVDU
2026 YTD−23.1%
2025+33.7%
2024+290.2%
2023+10.0%

Since listing, Sep 13, 2023

NVDU in the news

NVDU 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 Nov 5, 2026.
7.94%Last 12 months
Payout per share
$7.08Last 12 months
Last payment
$0.70 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 14 payments from 2023 to 2026 YTD. Dec 21, 2023 $0.18; Mar 19, 2024 $0.26; Jun 25, 2024 $0.48; Sep 24, 2024 $0.50; Dec 12, 2024 $13.88; Dec 23, 2024 $0.65; Mar 25, 2025 $0.42; Jun 24, 2025 $0.61; Sep 23, 2025 $0.50; Dec 10, 2025 $4.44; Dec 23, 2025 $0.72; Mar 24, 2026 $0.53; Jun 23, 2026 $0.69; Sep 22, 2026 $0.70. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.70
Jun 23, 2026Jun 30, 2026$0.69
Mar 24, 2026Mar 31, 2026$0.53
Dec 23, 2025Dec 31, 2025$0.72
Dec 10, 2025Dec 17, 2025$4.44
Sep 23, 2025Sep 30, 2025$0.50
Jun 24, 2025Jul 1, 2025$0.61
Mar 25, 2025Apr 1, 2025$0.42
Dec 23, 2024Dec 31, 2024$0.65
Dec 12, 2024Dec 19, 2024$13.88
Sep 24, 2024Oct 1, 2024$0.50
Jun 25, 2024Jul 2, 2024$0.48

See all 14 payments⁠

$10,000 in NVDU 3 years ago paid $8,956 in dividends.⁠

NVDU Risk

Risk pillarC54 out of 100Rank 4 of 8 in 2x Long Nvidia (NVDA)

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.
74.0%
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.
1.16
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.
−67.2%
37 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.
4.04
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.

NVDU Cost

Compare NVDU and NVC

Overpaying vs NVC, cheapest in 2x Long Nvidia (NVDA)

$13,218

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

  • NVDU 0.92%

    $17,373

  • NVC 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • NVDU 0.92%
  • NVC 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NVDU $17,373NVC $4,155

Year by year

YearNVDUNVCOverpaying
10$1,627$365$1,262
20$6,138$1,421$4,717
30$17,373$4,155$13,218

Other funds in 2x Long Nvidia (NVDA)

See others