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Launched

T-REX 2X Long NVIDIA Daily Target ETF

NVDXCboeRexsharesBThis 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.

$15.84−0.42 (−2.58%)

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

B55/ 100

Rank 4 of 8 in 2x Long Nvidia (NVDA)

B55/100Rank 4 of 8in2x Long Nvidia (NVDA)
Intraday session: down, 79 prints from 16.26 to 15.84. Range 15.80 to 17.00. Use the arrow keys to read each point.16.0016.5016.7517.0010 AM12 PM2 PM4 PM
Expense ratio
1.05%
Fund size
$349M
1Y total return
−23.4%
Yield · Last 12 months
3.53%
Holdings
2
Avg volume · 30D
5.22M sh
52W range
low $12.41high $24.72
Launched

The ETF.net NVDX Grade

Based on 5 of 6 pillars

B

Score 55 out of 100

Category
2x Long Nvidia (NVDA)⁠
Rank
4 of 8
Six-pillar profile for NVDX. Scores out of 100: Cost 33, Risk 43, Mission 89, Tradability 53, Holdings not scored, Durability 61. Strongest: Mission (89). Weakest: Cost (33). Based on 5 of 6 pillars.

Score 55 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.
    D33 out of 100
    Rank 6 of 8

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A89 out of 100
    Rank 2 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C43 out of 100
    Rank 8 of 8

  • 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 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.
    B61 out of 100
    Rank 3 of 8

Our read on NVDX

ETF.net Research

In short

BFour ETFs now chase 200% of NVIDIA's daily move, so the differentiator is plumbing, not concept. NVDX resets every night, trades heavily, and prices at the middle of that pack. Built as a day-trading tool, by its own prospectus.

Stated mandate

The Fund seeks daily investment results, before fees and expenses, equal to 200% of NVIDIA's daily performance. It is designed as a short-term, daily-reset leveraged vehicle rather than a fund targeting that multiple over longer periods.

Why people hold it

  • Does exactly what the label says: 200% of NVIDIA's daily return, before fees, and it has stuck closely to that daily target.
  • One of the more actively traded funds in the leveraged NVIDIA group, which matters when your holding period is measured in hours.
  • 1.05% expense ratio, dead center for 2x NVIDIA funds. You pay the going rate, not a premium.
  • Live since October 2023, so it has traded through several full NVIDIA earnings cycles rather than launching into a quiet tape.

Worth knowing

  • The 2x target applies to one day only. Hold longer and compounding takes over, so multi-day results can drift well away from twice NVIDIA's move.
  • NVDU offers the same 2x daily NVIDIA exposure at 0.92%, a thinner fee for the identical mandate.
  • Everything rides on one chip company, doubled. A single earnings call or supply headline sets the whole day.

NVDX Performance

Launched Oct 19, 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.
NVDX$7,656
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. NVDX $7,656. SPY $11,199. Use the arrow keys to read each point.$6,000$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 NVDX. Periods over one year show the average yearly return.
PeriodNVDX
Year to date−5.0%
1 month−21.3%
3 months−2.4%
1 year−23.4%
3 yearsper year+102.4%
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 NVDX
YearReturn barNVDX
2026 YTD−5.0%
2025+26.3%
2024+383.9%
2023+32.5%

Since listing, Oct 19, 2023

NVDX in the news

NVDX 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.
3.53%Last 12 months
Payout per share
$0.57Last 12 months
Last payment
$0.57 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $2.17; Dec 24, 2025 $0.57. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 24, 2025Dec 26, 2025$0.57
Dec 24, 2024Dec 26, 2024$2.17

$10,000 in NVDX 3 years ago paid $9,755 in dividends.

NVDX Risk

Risk pillarC43 out of 100Rank 8 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.
80.3%
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.
1.20
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.
−68.2%
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.
4.18
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.

NVDX Cost

Compare NVDX and NVC

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

$15,340

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

  • NVDX 1.05%

    $19,495

  • NVC 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • NVDX 1.05%
  • 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$20K051015202530NVDX $19,495NVC $4,155

Year by year

YearNVDXNVCOverpaying
10$1,847$365$1,482
20$6,927$1,421$5,506
30$19,495$4,155$15,340

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