NVDB vs NVDW

NVDBCProShares Ultra NVDA

NVDWBRoundhill NVDA WeeklyPay 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.

NVDW The other leveraged NVDA funds reset daily at 2x. NVDW takes a milder 1.2x, resets at the end of each calendar week, and makes paying weekly distributions its primary stated objective.

Stated mandate

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

NVDW The Fund seeks to provide weekly distributions and calendar-week returns equal to 1.2 times the calendar-week total return of Nvidia common shares, before fees and expenses.

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

• NVDW Where the 2x NVDA crowd resets daily, NVDW resets exposure to roughly 1.2x at the last close of each calendar week, so the compounding math works week to week.sec.gov
• Mild leverage by category standards: a calendar-week move about 20% bigger than NVDA's, up or down, before fees. It has stayed close to that stated target.roundhillinvestments.com
• Paying weekly distributions is the fund's primary objective in the prospectus; the 1.2x NVDA exposure is the secondary one. Income cadence first, amplification second.sec.gov
• At 1.00%, the fee sits near the median of the eight leveraged NVDA funds we grade, between NVDB's 0.95% (net of a waiver through September 30, 2027) and NVDL's 1.05%.

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.

• NVDW Roundhill notes distributions can exceed the fund's income and gains; the excess is treated as return of capital, which lowers your cost basis rather than adding to it.roundhillinvestments.com
• The 1.2x target applies to a calendar week only. Hold across multiple weeks and your result can drift from 1.2x NVDA's move over that stretch.sec.gov
• Leverage on one stock cuts both ways: the prospectus states the full principal value can be lost within a single week, and the fund launched in 2025, so its record is short.sec.gov

Full NVDB profile⁠

Full NVDW profile⁠