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NVDB vs NVDX

ProShares Ultra NVDA

NVDBCNYSE Arca

T-REX 2X Long NVIDIA Daily Target ETF

NVDXBCboe

Overlap

Expense ratio

NVDB −0.10pt a year

NVDB0.95%NVDX1.05%

Avg volume · 30D

NVDX 232.8×the volume

NVDB21.7KNVDX5.04M

NVDB vs NVDX Performance

Nov 7, 2025 – Nov 9, 2026

−31.0%NVDB−33.5%NVDX

Nov 7, 2025 to Nov 9, 2026. NVDB −31.0%. NVDX −33.5%. Use the arrow keys to read each point.−20%−10%0%10%20%30%Nov 2025May 2026Nov 2026
Expense ratio
NVDB 0.95%, better
NVDX 1.05%
Fund size
NVDB $4M
NVDX $282M
1Y total return
NVDB −31.0%, better
NVDX −33.5%
Yield (12M)
NVDB No data
NVDX 4.72%
Holdings
NVDB 1
NVDX 2
Avg volume (30D)
NVDB 21.7K sh
NVDX 5.04M sh, better
NAV per share
NVDB $21.94
NVDX $13.30
52W range

ETF.net Grade

NVDB: Cost 57, Risk 43, Mission 80, Tradability 49, Holdings not scored, Durability 40. NVDX: Cost 33, Risk 47, Mission 87, Tradability 58, Holdings not scored, Durability 61.
Pillar letters and Scores for NVDB, NVDX, with each pillar’s weight
PillarNVDBNVDX
Cost30% weightB57HigherD33
Mission25% weightA80A87Higher
Risk15% weightC43C47Higher
Tradability15% weightC49B58Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC40B61Higher

Rank among 2x Long Nvidia (NVDA) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. NVDB and NVDX are both graded against the same 8 2x Long Nvidia (NVDA) funds, so their Grades compare head to head.

2x Long Nvidia (NVDA)⁠

Category · 8 funds
See all 8 ›

NVDX ranks 4th and NVDB 7th of 8 funds in the 2x Long Nvidia (NVDA) Category.

  1. Rank 1BNVDUDirexion Daily NVDA Bull 2X ETFScore 67
  2. Rank 2BNVDWRoundhill NVDA WeeklyPay ETFScore 64
  3. Rank 3BNVDGLeverage Shares 2X Long NVDA Daily ETFScore 62
  4. Rank 4BNVDXT-REX 2X Long NVIDIA Daily Target ETFScore 56
  5. Rank 5CNVDLGraniteShares 2x Long NVDA Daily ETFScore 54
  6. Rank 7CNVCCorgi NVDA 2x Daily ETFScore 40
  7. Rank 7CNVDBProShares Ultra NVDAScore 40

Our read on each fund

ETF.net Research

NVDBCProShares Ultra NVDA

NVDXBT-REX 2X Long NVIDIA Daily Target 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.

NVDX Four 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

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

NVDX 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

  • 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
  • NVDX 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

  • 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.
  • NVDX 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.

Full NVDB profile⁠

Full NVDX profile⁠

NVDB vs NVDX Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

NVDB vs NVDX Cost

Overpaying NVDX vs NVDB

$1,626

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

  • NVDB 0.95%

    $17,869

  • NVDX 1.05%

    $19,495

$10,000
30 years

Cost over time

  • NVDB 0.95%
  • NVDX 1.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NVDX $19,495NVDB $17,869

Year by year

YearNVDBNVDXOverpaying
10$1,678$1,847$169
20$6,322$6,927$605
30$17,869$19,495$1,626

Expense ratio

  • 0.95%NVDB, cheaper
  • 1.05%NVDX
  • Middle half of 2x Long Nvidia (NVDA) funds
  • Median 0.97%

NVDB 4th cheapest of 8 funds

NVDX 6th cheapest of 8 funds

NVDB vs NVDX Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
NVDB No data
NVDX 4.72%
Payout (12M)
NVDB No data
NVDX $0.57
Last payment
NVDB $0.25
NVDX $0.57
Ex-dividend
NVDB Sep 23, 2026
NVDX Dec 24, 2025
Paid on
NVDB Sep 29, 2026
NVDX Dec 26, 2025
Frequency
NVDB Quarterly
NVDX Annual

Distribution history

Per share, 2024 to 2026, same scale for both

NVDBQuarterly · 4 paymentsAll NVDB payments⁠
One bar per payment. 4 payments from 2024 to 2026 YTD. Dec 24, 2025 $0.15; Mar 25, 2026 $0.15; Jun 24, 2026 $0.15; Sep 23, 2026 $0.25. Use the arrow keys to read each point.$0$2.502026YTD
NVDXAnnual · 2 paymentsAll NVDX payments⁠
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.$0$2.502026YTD

NVDB vs NVDX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NVDB 56.9%since Oct 2025NVDX 80.3%
Return per unit of riskSharpe ratio, 3 years
NVDB 0.05since Oct 2025NVDX 1.20
Worst fallMax drawdown, 5 years
NVDB −50.1%since Sep 2025NVDX −68.2%since Oct 2023
Market sensitivityBeta, 5 years
NVDB 3.12NVDX 3.78

NVDB and NVDX in the news

All news⁠

Popular comparisons

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  • NVDBCvsNVDGB

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  • NVDXBvsNVDGB

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    Expense ratio
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    Category
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