NVDB vs NVDU

NVDBCProShares Ultra NVDA

NVDUBDirexion Daily NVDA Bull 2X ETF

In short

NVDB ProShares helped invent the leveraged ETF in 2006, then arrived at the crowded 2x NVDA shelf in 2025. NVDB targets twice NVIDIA's daily stock move, resets that exposure every day, and costs 0.95% net of a waiver through September 30, 2027.

NVDU NVDU 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

NVDB The Fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of NVIDIA Corporation common stock.

NVDU 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

• NVDB Does one job: targets two times NVIDIA's daily stock move, before fees, with the leverage reset at every day's close.proshares.com
• 0.95% net of a waiver through September 30, 2027 puts it mid-shelf among 2x NVDA funds: under NVDL's 1.05%, above NVDU's 0.92% (neither of those is waived).
• ProShares has run geared ETFs since 2006, and NVDB uses the same Ultra machinery; its day-to-day results have tracked the 2x target closely.wikipedia.orgproshares.com

• NVDU 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

• NVDB Daily reset: hold past one day and compounding means results can differ significantly from two times NVDA's return over that stretch, especially in choppy markets.sec.gov
• One stock, doubled. NVIDIA-specific news lands twice as hard in both directions, with no other holdings to cushion it.
• The 0.95% leans on that waiver through September 30, 2027, and NVDG charges 0.76% with no waiver attached. NVDB is also newer and thinly traded, so spreads can run wider.

• NVDU 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.

Full NVDB profile⁠

Full NVDU profile⁠