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NVDU

GradeBNASDAQ Global Market

Direxion Daily NVDA Bull 2X ETF

Leveraged · Single-Stock Leveraged · Direxion · Inception 2023-09-13 · SEC filings

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.

$141.95−4.55 (−3.11%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Sep 13, 2023.
Intraday session: down, 69 prints from 146.50 to 141.95. Range 140.50 to 146.51. Use the arrow keys to read each point.$140.00$144.00$146.0010 AM12 PM2 PM4 PM
Expense ratio
0.92%
Fund size
$512M
1Y return
+21.9%
Yield · Last 12 months
5.17%
Holdings
11
Volume · 30D
0.4M sh
NAV per share
$135.65
52W range
low $86.02high $172.89

The ETF.net NVDU Grade

B

68/ 100

Rank 1 of 8 in 2x Long Nvidia (NVDA)⁠

Confidence Medium

Six-pillar profile for NVDU. Scores out of 100: Cost 68, Risk 54, Mission 81, Tradability 61, Holdings not scored, Durability 72. Strongest: Mission (81). Weakest: Risk (54). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 68 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.
    BScore 68
    Category rank3/8 · top 38%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 81
    Category rank5/6 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank4/8 · top 50%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 61
    Category rank2/8 · top 25%

  • 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.
    AScore 72
    Category rank2/8 · top 25%

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

Our read on NVDU

ETF.net Research

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

  1. 010.92% a year, the lightest fee among the 2x NVDA bull funds in its peer set. NVDL and NVDB both sit above 1%.
  2. 02Hits what it advertises: day-to-day tracking of the 200% target ranks among the stronger implementations in the NVDA leverage group.
  3. 03Runs 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

  1. 01Daily 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.
  2. 02One stock, doubled. NVIDIA's down days arrive twice as hard, with no diversification to cushion them.
  3. 03Direxion built it for daily leveraged exposure rather than longer-term tracking, which puts the monitoring work on the holder.

NVDU Holdings

As of Sep 22, 2026, 10:02 PM
Asset class
Stocks
Holdings
11
Top-10 weight
100%
Largest holding
NVDA SWAP ASSET LEG (NVDACTL)21.4%

Sectors

  • Technology100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—NVDA SWAP ASSET LEG (NVDACTL)21.44%1,425,481$324M1
002—NVDA SWAP ASSET LEG (NVDAGSL)14.59%970,293$221M1
003—DREYFUS GOVT CASH MAN INS13.05%197,279,703$197M108
004—NVDA SWAP ASSET LEG (NVDABPL)11.81%785,272$179M1
005—NVDA SWAP ASSET LEG (NVDANML)10.97%729,304$166M1
006NVDANVIDIA CORP7.55%501,825$114M828
007—GOLDMAN FINL SQ TRSRY INST 5067.45%112,630,996$113M100
008—NVDA SWAP ASSET LEG (NVDABCL)5.91%392,649$89M1
009—DREYFUS TRSRY SECURITIES CASH MGMT5.09%76,965,836$77M82
010—GOLDMAN SACHS FIN GOV 465 INSTITUT1.73%26,191,564$26M75
011—NVDA SWAP ASSET LEG (NVDAMLL)0.41%27,062$6M1

Showing 1–11 of 11 holdings

NVDU Performance

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

NVDU$12,186
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. NVDU $12,186. SPY $11,723. Use the arrow keys to read each point.$6,600$10,655$14,710Sep 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 NVDU. Periods over one year show the average yearly return.
PeriodNVDU
Year to date+26.4%
1 month+11.0%
3 months+13.1%
1 year+21.9%
3 years+102.5%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 NVDU
YearReturn barNVDU
2026 YTD+26.4%
2025+33.7%
2024+290.2%
2023+10.0%

Since listing, Sep 13, 2023

NVDU in the news

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

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 Sep 22, 2026.
5.17%Last 12 months
Payout per share
$7.57Last 12 months
Upcoming payment
$0.70 per share
Pays 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, 2026Pays Sep 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

NVDU 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.
73.9%
Annualised · 35 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.
1.22
vs 3-month T-bills · 35 months 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.
−67.2%
36 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.
3.97
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.

NVDU Cost

Expense ratio0.92%
  • The middle half of 2x Long Nvidia (NVDA) funds
  • Median 1.02%

2 of the 8 2x Long Nvidia (NVDA) funds charge less.

NVDU costs $92.00 a year on $10,000. The median 2x Long Nvidia (NVDA) fund costs $102.00.