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Launched

PurePlay Nvidia Ecosystem Picks & Shovels Index ETF

NVPSNasdaqD

$23.12−0.50 (−2.14%)

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

D28/ 100

Rank 26 of 30 in Artificial Intelligence

D28/100Rank 26 of 30inArtificial Intelligence
Intraday session: down, 17 prints from 23.62 to 23.12. Range 22.82 to 23.66. Use the arrow keys to read each point.22.8023.0023.4010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$3M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
40
Avg volume · 30D
0M sh
NAV per share
$24.19
52W range
low $19.07high $35.00
Launched

The ETF.net NVPS Grade

Based on 5 of 6 pillars

D

Score 28 out of 100

Category
Artificial Intelligence⁠
Rank
26 of 30
Six-pillar profile for NVPS. Scores out of 100: Cost 22, Risk 16, Mission not scored, Tradability 46, Holdings 44, Durability 26. Strongest: Tradability (46). Weakest: Risk (16). Based on 5 of 6 pillars.

Score 28 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
29
This cap took
−0
Published Score
28 Grade D

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F22 out of 100
    Rank 21 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F16 out of 100
    Rank 24 of 27

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 20 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 19 of 27

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D26 out of 100
    Rank 26 of 30

Our read on NVPS

ETF.net Research

DOwns Nvidia's suppliers instead of Nvidia. A 50%-of-revenue purity screen keeps the roughly 40 holdings to companies that actually live off the value chain, from raw materials to connectivity.

Stated mandate

The Fund seeks to track the total-return performance of its Nvidia ecosystem index before fees and expenses. It normally invests at least 80% of net assets in securities comprising that index.

Why people hold it

  1. 01Billed at launch as the first US ETF offering end-to-end exposure to the Nvidia value chain, upstream and downstream, under one ticker.businesswire.com
  2. 02The purity rule has teeth: holdings must draw at least 50% of revenue from related supply chain activity, identified using FactSet supply chain relationship data.businesswire.com
  3. 03Six pillars (raw materials, tools, fabrication, packaging, infrastructure, connectivity) with weights set by involvement and criticality in the chain rather than size alone.businesswire.com
  4. 04Simple plumbing behind the theme: a 1940 Act index fund that normally holds at least 80% of net assets in its Solactive index constituents.

Worth knowing

  1. 01The 0.75% fee sits above the 0.68% median for AI thematics, and wider-net rivals cost less: XAIX at 0.35%, ARTY at 0.47%.
  2. 02About 40 names, all tied to one customer's spending cycle, so this tracks Nvidia's order book more than tech at large.businesswire.com
  3. 03Launched in 2026, still small and thinly traded, with a shorter tracking record than the established AI funds. Wider spreads come with the territory.

NVPS Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
40
Top-10 weight
45%
Largest holding
TSM7.9%

Geography

  • United States54.32%
  • Taiwan (Province of China)18.63%
  • Japan10.41%
  • Netherlands4.76%
  • Ireland3.22%
  • Korea (the Republic of)3.01%
  • France2.97%
  • Cayman Islands1.42%
  • Other countries (1)1.27%

Developed 50% · Emerging 50% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TSMTaiwan Semiconductor-Sp Adr7.92%507$230K277
002—Sk Hynix Inc-Gds6.16%148$179K1
003MUMicron Technology Inc5.85%165$170K679
004VRTVertiv Holdings Co5.83%697$169K387
005SMCISuper Micro Computer Inc3.87%2,684$112K273
006ASMLAsml Holding Nv-Ny Reg Shs3.31%54$96K203
007LRCXLam Research Corp3.20%291$93K606
008ANETArista Networks Inc3.14%420$91K509
009MRVLMarvell Technology Inc3.10%327$90K470
010ETNEaton Corporation PLC2.98%201$86K333
011AMATApplied Materials Inc2.97%170$86K561
012KLACKla Corp2.95%438$86K513
013DLRDigital Realty Trust2.83%460$82K314
014EQIXEquinix Inc2.79%79$81K356
015SMSN.ILSamsung Elec Gdr Regs2.78%17$81K15

Showing 1–15 of 40 holdings

NVPS Performance

Launched Jun 17, 2026

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.Not enough history yet.Not enough history yet.Not enough history yet.
NVPS$9,668
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. NVPS $9,668. SPY $10,332. Use the arrow keys to read each point.$7,599$9,074$10,549Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – 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 NVPS. Periods over one year show the average yearly return.
PeriodNVPS
Year to dateFund launched this year—
1 month+2.4%
3 months−3.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
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 NVPS
YearReturn barNVPS
2026 YTD−13.1%

History from Jun 18, 2026

NVPS in the news

Filtered to NVPS · Artificial Intelligence

NVPS Dividends

Last payment
$0.0087 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Sep 28, 2026 $0.0087. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 30, 2026$0.0087

NVPS Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jun 2026; fills in after 12 months
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.
—
Launched Jun 2026; fills in after 12 months
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.
—
Launched Jun 2026; fills in after 12 months
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.

NVPS Cost

Expense ratio0.75%
  • The middle half of Artificial Intelligence funds
  • Median 0.65%

20 of the 30 Artificial Intelligence funds charge less.

NVPS costs $75.00 a year on $10,000. The median Artificial Intelligence fund costs $65.00.

Other funds in Artificial Intelligence

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