NVDU vs NVYY

NVDUBDirexion Daily NVDA Bull 2X ETF

NVYYDGraniteShares YieldBOOST NVDA 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.

NVYY Every other NVDA fund on this shelf chases the stock's daily move. NVYY goes the other way: it sells put options on a 2x NVDA ETF and keeps the premium, converting that leverage's volatility into an income stream.

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.

NVYY The fund seeks current income through options strategies, primarily selling put options on leveraged ETFs that track a 2x Long NVDA Daily ETF.

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.

• NVYY A different job from the rest of the NVDA shelf: it sells puts on a leveraged NVDA ETF, whose implied volatility is expected to run a multiple of the index's own, and collects the premium.graniteshares.com
• GraniteShares writes the puts on a 2x NVDA daily ETF it also runs itself (NVDL), so both sides of the trade sit under one roof.graniteshares.com
• The sold puts are covered by cash and Treasury holdings, which filings say keeps losses from running materially past the leveraged ETF's own decline.sec.gov
• Payouts arrive on a set cadence, and the prospectus states up front that a distribution can be treated as return of capital.sec.gov

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.

• NVYY 1.15% net of a waiver through December 31, 2026, against a 10.07% gross ratio, and above the median of the eight NVDA funds graded here; in-house NVDL charges 1.05%.
• Gain stops at the premium collected. If the leveraged ETF falls, the fund is exposed to that decline, offset only by the premiums it took in.graniteshares.com
• A 2025 launch that is still a small, lightly traded fund, so spreads and order type matter more here than in the crowded 2x NVDA names.

Full NVDU profile⁠

Full NVYY profile⁠