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NVDG vs NVDX

Leverage Shares 2X Long NVDA Daily ETF

NVDGBNasdaq

T-REX 2X Long NVIDIA Daily Target ETF

NVDXBCboe

Overlap

Expense ratio

NVDG −0.29pt a year

NVDG0.76%NVDX1.05%

Avg volume · 30D

NVDX 23.2×the volume

NVDG225KNVDX5.22M

NVDG vs NVDX Performance

Oct 31, 2025 – Oct 30, 2026

−21.6%NVDG−23.4%NVDX

Oct 31, 2025 to Oct 30, 2026. NVDG −21.6%. NVDX −23.4%. Use the arrow keys to read each point.−40%−10%0%10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
NVDG 0.76%, better
NVDX 1.05%
Fund size
NVDG $33M
NVDX $349M
1Y total return
NVDG −21.6%, better
NVDX −23.4%
Yield (12M)
NVDG No data
NVDX 3.53%
Holdings
NVDG 4
NVDX 2
Avg volume (30D)
NVDG 225K sh
NVDX 5.22M sh, better
NAV per share
NVDG $16.22
NVDX $17.77
52W range

ETF.net Grade

NVDG: Cost 80, Risk 44, Mission not scored, Tradability 63, Holdings not scored, Durability 45. NVDX: Cost 33, Risk 43, Mission 89, Tradability 53, Holdings not scored, Durability 61.
Pillar letters and Scores for NVDG, NVDX, with each pillar’s weight
PillarNVDGNVDX
Cost30% weightA80HigherD33
Mission25% weightNot scoredA89
Risk15% weightC44HigherC43
Tradability15% weightB63HigherC53
Holdings10% weightNot scoredNot scored
Durability5% weightC45B61Higher

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 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 ›

NVDG ranks 3rd and NVDX 4th 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

Our read on each fund

ETF.net Research

NVDGBLeverage Shares 2X Long NVDA Daily ETF

NVDXBT-REX 2X Long NVIDIA Daily Target ETF

In short

NVDG No data

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

NVDG No data

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

NVDG No data

  • 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

NVDG No data

  • 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 NVDG profile⁠

Full NVDX profile⁠

NVDG 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.

NVDG vs NVDX Cost

Overpaying NVDX vs NVDG

$4,839

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

  • NVDG 0.76%

    $14,656

  • NVDX 1.05%

    $19,495

$10,000
30 years

Cost over time

  • NVDG 0.76%
  • 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 $19,495NVDG $14,656

Year by year

YearNVDGNVDXOverpaying
10$1,353$1,847$494
20$5,142$6,927$1,785
30$14,656$19,495$4,839

Expense ratio

  • 0.76%NVDG, cheaper
  • 1.05%NVDX
  • Middle half of 2x Long Nvidia (NVDA) funds
  • Median 0.97%

NVDG 2nd cheapest of 8 funds

NVDX 6th cheapest of 8 funds

NVDG vs NVDX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NVDG No data
NVDX 3.53%
Payout (12M)
NVDG No data
NVDX $0.57
Last payment
NVDG $1.99
NVDX $0.57
Ex-dividend
NVDG Dec 30, 2025
NVDX Dec 24, 2025
Paid on
NVDG Jan 2, 2026
NVDX Dec 26, 2025
Frequency
NVDG Irregular
NVDX Annual

Distribution history

Per share, 2024 to 2026, same scale for both

NVDGIrregular · 1 paymentAll NVDG payments⁠
One bar per payment. 1 payment from 2024 to 2026 YTD. Dec 30, 2025 $1.99. 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

NVDG vs NVDX 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 2025NVDX 80.3%
Return per unit of riskSharpe ratio, 3 years
NVDG 0.46since Jan 2025NVDX 1.20
Worst fallMax drawdown, 5 years
NVDG −66.2%since Dec 2024NVDX −68.2%since Oct 2023
Market sensitivityBeta, 5 years
NVDG 3.89NVDX 4.18

Popular comparisons

  • NVDGBvsNVDUB

    Leverage Shares 2X Long NVDA Daily ETF · Direxion Daily NVDA Bull 2X ETF

    Expense ratio
    0.76% · 0.92%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NVDXBvsNVDUB

    T-REX 2X Long NVIDIA Daily Target ETF · Direxion Daily NVDA Bull 2X ETF

    Expense ratio
    1.05% · 0.92%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NVDGBvsNVDWB

    Leverage Shares 2X Long NVDA Daily ETF · Roundhill NVDA WeeklyPay ETF

    Expense ratio
    0.76% · 1.00%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NVDXBvsNVDWB

    T-REX 2X Long NVIDIA Daily Target ETF · Roundhill NVDA WeeklyPay ETF

    Expense ratio
    1.05% · 1.00%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NVDGBvsNVDLC

    Leverage Shares 2X Long NVDA Daily ETF · GraniteShares 2x Long NVDA Daily ETF

    Expense ratio
    0.76% · 1.64%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • NVDXBvsNVDLC

    T-REX 2X Long NVIDIA Daily Target ETF · GraniteShares 2x Long NVDA Daily ETF

    Expense ratio
    1.05% · 1.64%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.