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NVDU vs NVDX

Direxion Daily NVDA Bull 2X ETF

NVDUBNasdaq

T-REX 2X Long NVIDIA Daily Target ETF

NVDXBCboe

Overlap

Expense ratio

NVDU −0.13pt a year

NVDU0.92%NVDX1.05%

Avg volume · 30D

NVDX 17.4×the volume

NVDU300KNVDX5.22M

3Y return · a year

NVDX +12.9pt

NVDU+89.5%NVDX+102.4%

NVDU vs NVDX Performance

Oct 31, 2025 – Oct 30, 2026

−19.3%NVDU−23.4%NVDX

Oct 31, 2025 to Oct 30, 2026. NVDU −19.3%. NVDX −23.4%. Use the arrow keys to read each point.−40%−10%0%10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
NVDU 0.92%, better
NVDX 1.05%
Fund size
NVDU $449M
NVDX $349M
1Y total return
NVDU −19.3%, better
NVDX −23.4%
Yield (12M)
NVDU 6.16%, better
NVDX 3.53%
Holdings
NVDU 11
NVDX 2
Avg volume (30D)
NVDU 300K sh
NVDX 5.22M sh, better
NAV per share
NVDU $125.58
NVDX $17.77
52W range

ETF.net Grade

NVDU: Cost 68, Risk 53, Mission 79, Tradability 57, Holdings not scored, Durability 72. NVDX: Cost 33, Risk 43, Mission 89, Tradability 53, Holdings not scored, Durability 61.
Pillar letters and Scores for NVDU, NVDX, with each pillar’s weight
PillarNVDUNVDX
Cost30% weightB68HigherD33
Mission25% weightA79A89Higher
Risk15% weightC53HigherC43
Tradability15% weightB57HigherC53
Holdings10% weightNot scoredNot scored
Durability5% weightA72HigherB61

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. NVDU 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 ›

NVDU ranks 1st 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

NVDUBDirexion Daily NVDA Bull 2X ETF

NVDXBT-REX 2X Long NVIDIA Daily Target ETF

In short

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.

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

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.

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

  • 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.
  • 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

  • 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.
  • 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 NVDU profile⁠

Full NVDX profile⁠

NVDU 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.

NVDU vs NVDX Cost

Overpaying NVDX vs NVDU

$2,122

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

  • NVDU 0.92%

    $17,373

  • NVDX 1.05%

    $19,495

$10,000
30 years

Cost over time

  • NVDU 0.92%
  • 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 $19,495NVDU $17,373

Year by year

YearNVDUNVDXOverpaying
10$1,627$1,847$220
20$6,138$6,927$789
30$17,373$19,495$2,122

Expense ratio

  • 0.92%NVDU, cheaper
  • 1.05%NVDX
  • Middle half of 2x Long Nvidia (NVDA) funds
  • Median 0.97%

NVDU 3rd cheapest of 8 funds

NVDX 6th cheapest of 8 funds

NVDU vs NVDX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NVDU 6.16%, better
NVDX 3.53%
Payout (12M)
NVDU $7.08
NVDX $0.57
Last payment
NVDU $0.70
NVDX $0.57
Ex-dividend
NVDU Sep 22, 2026
NVDX Dec 24, 2025
Paid on
NVDU Sep 29, 2026
NVDX Dec 26, 2025
Frequency
NVDU Quarterly
NVDX Annual

Distribution history

Per share, 2023 to 2026, same scale for both

NVDUQuarterly · 14 paymentsAll NVDU payments⁠
One bar per payment. 14 payments from 2023 to 2026 YTD. Dec 21, 2023 $0.18; Mar 19, 2024 $0.26; Jun 25, 2024 $0.48; Sep 24, 2024 $0.50; Dec 12, 2024 $13.88; Dec 23, 2024 $0.65; Mar 25, 2025 $0.42; Jun 24, 2025 $0.61; Sep 23, 2025 $0.50; Dec 10, 2025 $4.44; Dec 23, 2025 $0.72; Mar 24, 2026 $0.53; Jun 23, 2026 $0.69; Sep 22, 2026 $0.70. Use the arrow keys to read each point.$0$1020232026YTD
NVDXAnnual · 2 paymentsAll NVDX payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 24, 2024 $2.17; Dec 24, 2025 $0.57. Use the arrow keys to read each point.$0$1020232026YTD

NVDU vs NVDX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NVDU 74.0%, betterNVDX 80.3%
Return per unit of riskSharpe ratio, 3 years
NVDU 1.16NVDX 1.20, better
Worst fallMax drawdown, 5 years
NVDU −67.2%since Sep 2023NVDX −68.2%since Oct 2023
Market sensitivityBeta, 5 years
NVDU 3.93NVDX 4.18

Popular comparisons

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