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NVDG vs NVDL

Leverage Shares 2X Long NVDA Daily ETF

NVDGBNasdaq

GraniteShares 2x Long NVDA Daily ETF

NVDLCNasdaq

Overlap

0.0%by weight

Expense ratio

NVDG −0.88pt a year

NVDG0.76%NVDL1.64%

Avg volume · 30D

NVDL 53.9×the volume

NVDG225KNVDL12.1M

NVDG vs NVDL Performance

Oct 31, 2025 – Oct 30, 2026

−21.6%NVDG−19.5%NVDL

Oct 31, 2025 to Oct 30, 2026. NVDG −21.6%. NVDL −19.5%. Use the arrow keys to read each point.−40%−10%0%10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
NVDG 0.76%, better
NVDL 1.64%
Fund size
NVDG $33M
NVDL $3.19B
1Y total return
NVDG −21.6%
NVDL −19.5%, better
Yield (12M)
NVDG No data
NVDL 0.00%
Holdings
NVDG 4
NVDL 2
Avg volume (30D)
NVDG 225K sh
NVDL 12.1M sh, better
NAV per share
NVDG $16.22
NVDL $31.63
52W range

ETF.net Grade

NVDG: Cost 80, Risk 44, Mission not scored, Tradability 63, Holdings not scored, Durability 45. NVDL: Cost 7, Risk 49, Mission 84, Tradability 93, Holdings not scored, Durability 76.
Pillar letters and Scores for NVDG, NVDL, with each pillar’s weight
PillarNVDGNVDL
Cost30% weightA80HigherF7
Mission25% weightNot scoredA84
Risk15% weightC44C49Higher
Tradability15% weightB63A93Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC45A76Higher

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. NVDG and NVDL 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 ›

NVDG ranks 3rd and NVDL 5th of 8 funds in the 2x Long Nvidia (NVDA) Category.

  1. Rank 1BNVDUDirexion Daily NVDA Bull 2X ETFScore 66
  2. Rank 2BNVDWRoundhill NVDA WeeklyPay ETFScore 65
  3. Rank 3BNVDGLeverage Shares 2X Long NVDA Daily ETFScore 64
  4. Rank 4BNVDXT-REX 2X Long NVIDIA Daily Target ETFScore 55
  5. Rank 5CNVDLGraniteShares 2x Long NVDA Daily ETFScore 53
  6. Rank 6CNVCCorgi NVDA 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

NVDGBLeverage Shares 2X Long NVDA Daily ETF

NVDLCGraniteShares 2x Long NVDA Daily ETF

In short

NVDG No data

NVDL Started life in 2022 as a 1.5x NVDA tracker, then GraniteShares turned the dial up to 200% of NVDA's daily move. Now a multi-billion-dollar fund that trades heavily every session.

Stated mandate

NVDG No data

NVDL The Fund seeks daily investment results equal to 200% of NVIDIA Corporation’s daily stock-price performance before fees and expenses. It uses swaps, options, and direct stock investments and rebalances daily to maintain approximately 200% exposure.

Why people hold it

NVDG No data

  • NVDL The mandate is blunt: 200% of NVDA's daily move, rebalanced every day, using swaps, options and the stock itself. No index, no basket, no wondering what you own.graniteshares.com
  • It has stayed close to that 2x daily target, and it is one of the more actively traded names in the leveraged NVDA group, which tends to keep spreads tight.
  • GraniteShares has run this fund since December 2022 and rewrote the mandate from 1.5x to 2x in 2024. Real track record on a product type that often folds young.sec.govsec.gov 2

Worth knowing

NVDG No data

  • NVDL The daily reset compounds. Hold longer than a session and your result depends on NVDA's path, not just its endpoint; chop can grind value even if the stock round-trips.graniteshares.com
  • At 1.05% a year the fee sits at the middle of the 2x NVDA pack. Direxion's NVDU carries a lower 0.92% on the same exposure.
  • One stock, doubled. There is no diversification cushion here, so NVDA's earnings gaps and AI-cycle headlines land at twice the size, in both directions.

Full NVDG profile⁠

Full NVDL profile⁠

NVDG vs NVDL Holdings

How NVDG and NVDL differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of NVDG and 0.0% of NVDL.

Level by level

  • Asset classEquity, Leveraged/Inverse0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for NVDG.

Country, concentration and asset class

Country by domicile

Country weights in NVDG and NVDL, widest gap first
CountryMore in NVDGMore in NVDL
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • NVDG210.1%
  • NVDL100.0%

Securities held

  • NVDG1
  • NVDL1

Asset class

NVDG
Equity
NVDL
Leveraged/Inverse

Holdings

  • Only in NVDG1
  • In both0
  • Only in NVDL1

Only in NVDG

1 security, 10.2% of NVDG by weight

  • First American Treasury Obligations Fund 01/01/204010.18%

Only in NVDL

1 security, 66.6% of NVDL by weight

  • Nvda66.65%

Weight gaps

NVDG and NVDL share no securities.

All 4 NVDG holdings⁠All 2 NVDL 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.

NVDG vs NVDL Cost

Overpaying NVDL vs NVDG

$13,573

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

  • NVDG 0.76%

    $14,656

  • NVDL 1.64%

    $28,229

$10,000
30 years

Cost over time

  • NVDG 0.76%
  • NVDL 1.64%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530NVDL $28,229NVDG $14,656

Year by year

YearNVDGNVDLOverpaying
10$1,353$2,815$1,462
20$5,142$10,284$5,142
30$14,656$28,229$13,573

Expense ratio

  • 0.76%NVDG, cheaper
  • 1.64%NVDL
  • Middle half of 2x Long Nvidia (NVDA) funds
  • Median 0.97%

NVDG 2nd cheapest of 8 funds

NVDL 8th cheapest of 8 funds

NVDG vs NVDL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NVDG No data
NVDL 0.00%
Payout (12M)
NVDG No data
NVDL None
Last payment
NVDG $1.99
NVDL No data
Ex-dividend
NVDG Dec 30, 2025
NVDL No data
Paid on
NVDG Jan 2, 2026
NVDL No data
Frequency
NVDG Irregular
NVDL No data

Distribution history

Per share, 2023 to 2026, same scale for both

NVDGIrregular · 1 paymentAll NVDG payments⁠
One bar per payment. 1 payment from 2023 to 2026 YTD. Dec 30, 2025 $1.99. Use the arrow keys to read each point.$0$220232026YTD
NVDL1 paymentAll NVDL payments⁠
One bar per payment. 1 payment from 2023 to 2026 YTD. Dec 27, 2023 $0.56. Use the arrow keys to read each point.$0$220232026YTD

NVDG vs NVDL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NVDG 72.2%since Jan 2025NVDL 77.4%
Return per unit of riskSharpe ratio, 3 years
NVDG 0.46since Jan 2025NVDL 1.18
Worst fallMax drawdown, 5 years
NVDG −66.2%since Dec 2024NVDL −67.6%since Dec 2022
Market sensitivityBeta, 5 years
NVDG 3.89NVDL 3.58

NVDG and NVDL in the news

All news⁠

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