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NVPS

GradeDNASDAQ

PurePlay Nvidia Ecosystem Picks & Shovels Index ETF

Themes · PurePlay · Inception 2026-06-17

$23.60−0.40 (−1.65%)

As of Sep 23, 2026, 2:18 PM EDT

History starts Jun 18, 2026.History starts Jun 18, 2026.History starts Jun 18, 2026.
Intraday session: down, 15 prints from 24.00 to 23.60. Range 23.53 to 23.88. Use the arrow keys to read each point.$23.50$23.70$23.80$23.9010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$3M
1Y return
—
Yield · Last 12 months
—
Holdings
39
Volume · 30D
0M sh
NAV per share
$23.53
52W range
low $19.07high $35.00

The ETF.net NVPS Grade

D

25/ 100

Rank 25 of 30 in Artificial Intelligence⁠

Confidence Medium

Six-pillar profile for NVPS. Scores out of 100: Cost 22, Risk 13, Mission not scored, Tradability 34, Holdings 39, Durability 26. Strongest: Holdings (39). Weakest: Risk (13). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 25 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned25This cap took−0Published score25 Grade D

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 22
    Category rank25/30 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 13
    Category rank25/27 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 34
    Category rank23/30 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 39
    Category rank20/27 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 26
    Category rank26/30 · bottom quartile

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

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 Sep 20, 2026, 10:11 AM
Asset class
Stocks
Holdings
39
Top-10 weight
48%
Largest holding
TSM8.1%

Geography

  • United States54.37%
  • Taiwan (Province of China)18.78%
  • Japan9.25%
  • Netherlands4.77%
  • France3.59%
  • Ireland3.36%
  • Korea (the Republic of)3.27%
  • United Kingdom1.38%
  • Other countries (1)1.22%

Developed 49% · Emerging 51% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TSMTAIWAN SEMICONDUCTOR-SP ADR8.12%507$218K268
002—SK HYNIX INC-GDS7.19%148$193K1
003VRTVERTIV HOLDINGS CO6.27%697$168K384
004MUMICRON TECHNOLOGY INC6.01%165$161K655
005SMCISUPER MICRO COMPUTER INC4.03%2,684$108K265
006SU.PASCHNEIDER ELECTRIC SE3.28%267$88K173
007ASMLASML HOLDING NV-NY REG SHS3.28%54$88K199
008DLRDIGITAL REALTY TRUST3.16%460$85K309
009ANETARISTA NETWORKS INC3.12%420$84K490
010ETNEATON CORPORATION PLC3.07%201$82K259
011EQIXEQUINIX INC3.02%79$81K355
012SMSN.ILSAMSUNG ELEC GDR REGS2.99%17$80K15
013MRVLMARVELL TECHNOLOGY INC2.93%327$79K458
014LRCXLAM RESEARCH CORP2.92%291$78K591
015KLACKLA CORP2.76%438$74K506

Showing 1–15 of 40 holdings

NVPS Performance

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

NVPS$8,494
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. NVPS $8,494. SPY $10,415. Use the arrow keys to read each point.$6,454$8,600$10,746Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – 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 NVPS. Periods over one year show the average yearly return.
PeriodNVPS
Year to dateFund launched this year—
1 month+5.6%
3 months−15.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—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 NVPS
YearReturn barNVPS
2026 YTD−11.8%

History from Jun 18, 2026

NVPS in the news

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

NVPS 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.
—Last 12 months
Payout per share
—Last 12 months

Listed Jun 2026. No distributions yet.

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.
4.21
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.